Germany's VDMA Robotics and Automation Halves Growth Forecast – Positive Signs From International Business
17 Junio 2024 - 3:50AM
Business Wire
- Decline in incoming orders from Germany
- Increased competition from China
Robotics and automation in Germany will be mostly driven by
foreign demand in a subdued domestic economy: The industry is
forecasting an overall increase in sales of 2% to 16.5 billion
euros in 2024. In the previous year, companies achieved a record of
16.2 billion euros with a 13% increase in turnover.
“The robotics and automation industry is treading water in a
weak domestic economy,” says Frank Konrad, Chairman of VDMA
Robotics + Automation. "Uncertain customers are reluctant to
invest. The German economy needs better framework conditions so
that we can return to a solid growth path. The industry is
expecting some momentum from overseas business in 2024 as the
incoming orders rose by 21% in the first four months.”
China sets its sights on Europe
International competition for the German robotics and automation
industry is likely to intensify in the future due to the increased
focus of Chinese competitors on Europe. China is one of the most
advanced economies in the world when it comes to industrial
automation: according to the latest IFR data, robot density in the
manufacturing industry rose to 392 units per 10,000 employees, on a
par with Japan (397 units) and Germany (415 units). Beijing is also
specifically promoting its own high-quality Chinese robotics
industry as part of its five-year plans. The trade disputes with
the USA mean that Chinese companies will increasingly establish
local service and sales structures in Germany and the EU.
Germany needs speed
“Politicians have recognized robotics and automation as a key
technology for Germany's competitiveness,” says Frank Konrad. “But
now the pace of implementation needs to pick up: Germany needs a
reliable framework for investment and new measures in order to
strengthen its competitiveness.” The VDMA strategy paper “Robotics
and Automation 2028”, which defines concrete recommendations,
provides important guidance for this. The proposed actions include
industrial policy measures, accelerated innovation, the promotion
of talent and a pragmatic approach to regulation.
FULL TEXT press release:
https://www.vdma.org/press-releases-statements?ASSOCIATION%5BBRANCH_ASSOCIATION%5D%3D835745
The VDMA Robotics + Automation Association (VDMA R+A) is
a trade association For further information, please visit:
https://www.vdma.org/robotics-automation
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version on businesswire.com: https://www.businesswire.com/news/home/20240617936360/en/
Patrick Schwarzkopf VDMA Robotics Automation phone +49 69 6603
1590 patrick.schwarzkopf@vdma.org