{"id":8160,"date":"2018-06-05T12:06:57","date_gmt":"2018-06-05T11:06:57","guid":{"rendered":"http:\/\/kumasionlinegh.com\/?p=8160"},"modified":"2018-06-05T12:27:13","modified_gmt":"2018-06-05T11:27:13","slug":"german-sales-of-robotics-and-automation-equipment-an-engine-of-the-countrys-export-led-economy-are-expected-to-shrug-off-growing-tensions-over-international-trade-to-rise-by-9-percent-this","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=8160","title":{"rendered":"German sales of robotics and automation equipment"},"content":{"rendered":"
\"\"
A sign alerts people to be precautious against a roboter arm of German industrial robot maker Kuka during the Hannover Fair in Hanover, Germany, April 25, 2016. REUTERS\/Wolfgang Rattay<\/figcaption><\/figure>\n

German sales of robotics and automation equipment, an engine of the country\u2019s export-led economy, are expected to shrug off growing tensions over international trade to rise by 9 percent this year after notching up record growth in 2017.<\/p>\n

German mechanical engineering association VDMA said on Tuesday it expected sales of robotics and automation equipment to reach 15.8 billion euros ($18.5 billion) in 2018.<\/p>\n

That would mark a slowdown from the record growth of 13 percent last year when buoyant demand from China helped propel sales to 14.5 billion euros.<\/p>\n

\u201c2017 was a very strong year for our industry,\u201d Norbert Stein, chairman of the VDMA\u2019s robotics and automation association, said.<\/p>\n

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Between 2010 and 2017 the sector grew at an average rate of 10 percent per year and almost doubled sales in the same period, Stein said.<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Global demand for industrial robots is rising as labor costs increase and technology becomes more sophisticated, allowing robots to do more delicate work than in the past.<\/p>\n

The VDMA said last year\u2019s record demand had increased delivery times which would have a positive impact on 2018 sales.<\/p>\n

Germany exported 60 percent of its robotics and automation equipment last year.<\/p>\n

Exports to China, which drives the world market, soared by around 60 percent, propelled by big investment in its electronics industry and automation. Demand was also dynamic in the United States, while growth in Europe remained moderate, the VDMA said.<\/p>\n

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\u2019s ABB and Japan\u2019s Fanuc.<\/p>\n

\u2013<\/p>\n

Source: Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"

German sales of robotics and automation equipment, an engine of the country\u2019s export-led economy, are expected to shrug off growing tensions over international trade to rise by 9 percent this year after notching up record growth in 2017. 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