German Robotics Industry Faces Fierce Chinese Competition, VDMA Reports

The German robotics industry is grappling with intense competition from China, as highlighted by a VDMA engineering association representative. Despite an already weak domestic economy and falling orders, Chinese suppliers are expanding into Europe, stoking further challenges for the German sector.


Reuters | Updated: 18-06-2024 10:31 IST | Created: 18-06-2024 10:31 IST
German Robotics Industry Faces Fierce Chinese Competition, VDMA Reports
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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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