Description
The data is published by the China Robot Industry Alliance (CRIA). This indicator measures the annual growth rate of cumulative sales of domestically produced industrial robots and is commonly used to assess the development and application of automation and robotics technology in China's manufacturing sector.
Broadly speaking, an industrial robot is an automatically controlled, reprogrammable, and multifunctional manipulator or multi-joint robot used in production activities. It can perform various tasks in industrial automation production, either in a fixed position or with mobility.
A higher growth rate indicates active industrial activity and increased investment in automation, whereas a lower or negative growth rate may suggest a slowdown in industrial activity or a reduction in automation investment.
The annual growth rate is calculated by comparing the cumulative sales of domestically produced industrial robots for the current period with the same period of the previous year. A comparable basis ensures that the data has been adjusted to account for changes in statistical methods or definitions.
This data is typically updated on a monthly basis, providing the latest insights into sales trends in China’s industrial robotics market.