China Dominates Global Industrial Robot Market -- Market Talk

Dow Jones
Oct 08

0746 GMT - China is dominating the global industrial robot market, Morgan Stanley analysts say in a research note. Global stocks of industrial robots rose 9% in 2024 to 4.66 million units, 2 million of which belonged to China, they say. MS estimates that 55% of robots globally are produced in China. Meanwhile, collaborative robots and service robots are opening up new application scenarios enabled by generative AI, they say. Service robots have seen booming demand as well, given a shortage of workers and increased reliability in digitalized factories, they note. Among the Chinese robot producers, MS prefers Beijing Geekplus Technology and Shenzhen Inovance Technology. (sherry.qin@wsj.com)

 

(END) Dow Jones Newswires

October 08, 2025 03:46 ET (07:46 GMT)

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