German Robotics Industry Faces Chinese Challenge

The German robotics industry is grappling with growing competition from China, affecting its outlook amid a weak domestic economy. VDMA's Frank Konrad highlighted the expansion of Chinese suppliers into Europe as a significant challenge in maintaining market leadership.

Reuters | Updated: 18-06-2024 18:30 IST | Created: 18-06-2024 18:30 IST
German Robotics Industry Faces Chinese Challenge
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German robotics industry faces stiff competition from China, VDMA says

Growing competition from China is weighing on the outlook for Germany's robotic industry, which is already struggling with falling orders in a weak domestic economy, a representative of the VDMA engineering association told Reuters.

"Competition is fierce," Frank Konrad, head of VDMA's robotics and automation department, said in comments published on Monday. "Many Chinese suppliers have grown strongly in their home markets and are now pushing into Europe."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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