China to seek 50% gain in market share for robots
China is close to completing a five-year development plan for its robot industry, multiple sources said.
An expert who participated in drawing up the plan said a committee advising on the robotics element of the country’s “Made in China 2025” strategy is “almost ready” to submit its draft to the central government for final approval. Made in China 2025 is an attempt to transform the country from the biggest manufacturing power into one of the world’s strongest modern technology-driven economies.
The document mapped out a longer 10-year growth route for the robotics industry, by which time China is expected to have more than 70 percent of the global market.
Luo Jun, executive president of the International Robotics and Intelligent Equipment Industry Alliance, however said domestic players currently hold about 20 percent of the market share, making the 50 percent target “very difficult to accomplish”.