Robot sales shift to higher gear as labor force wanes

Robotics companies are expected to triple sales in China to around 110,000 sets by 2020 as more Chinese manufacturers embrace the high-end growth path, a senior industry official said on Tuesday.

Wang Ruixiang, head of the China Machinery Industry Federation, said based on the rapid growth of the nation's robotic industry in recent years, the federation has set a high target and the government will continue to provide support for the industry's development.

By 2030, sales of industrial robots will reach 290,000 sets and a couple of Chinese companies would be among the top five robotics companies in the world, Wang said.