German robotics and automation sales growth to pick up | Reuters

FRANKFURT, June 20 Growth in German sales of
robotics and automation equipment, an engine of the country’s
export-driven economy, is expected to accelerate to 7 percent
this year, lifted by demand from foreign manufacturers.

German mechanical engineering association VDMA said on
Tuesday it expected sales of robotics and automation equipment
to reach 13.7 billion euros ($15.3 billion) in 2017.

That would mark a pickup from 5 percent growth last year and
would beat the 2 percent sales growth expected for Germany’s
wider mechanical engineering sector.

“The German industry players are benefiting from a robust
economy in the global race to modernise industry,” Norbert
Stein, chairman of the VDMA’s robotics and automation
association, said.

In the first four months of the year, sales jumped by 13
percent even as domestic demand declined thanks to revenue from
overseas. Order intake, an indicator of future sales, rose even
more steeply, at a rate of 27 percent.

Germany exported 57 percent of its robotics and automation
equipment last year, with China accounting for 10 percent of
sales, making it the sector’s biggest single market.

Leading providers include industrial robot maker Kuka
, which was bought by Chinese home appliance maker
Midea, and industrial group Siemens.
Other global leaders in standard industrial robots are
Switzerland’s ABB and Japan’s Fanuc.

Global demand for industrial robots is rising as labour
costs increase and technology becomes more sophisticated,
allowing robots to do more delicate work than in the past.

The VDMA’s more than 3,000 members – which include large
industrial groups such as Siemens and Linde as well as
many smaller, family-owned firms – generated around 220 billion
euros of sales last year and employ more than a million people.
($1 = 0.8947 euros)
(Reporting by Maria Sheahan)

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *