Description
The market value of China domestic industrial robots (comparability) is published by the National Bureau of Statistics (NBS). This indicator measures the market value and annual growth rate of industrial robots produced within China and is a significant metric for evaluating the development and competitiveness of China’s industrial automation. A higher growth rate signifies robust market expansion, while a lower or negative growth rate indicates potential market stagnation or decline.
Broadly speaking, industrial robots are automated, programmable machines capable of performing a variety of tasks in industrial automation production, either through stationary or mobile setups.
The market value is calculated based on the total sales value of domestic industrial robots, adjusted for comparability to ensure data consistency. Growth rates are typically expressed as an annual percentage change.
This data is updated annually, usually released in the first quarter of the following year.