Patel notes China was importing majority of robots as recently as 2022 from Japan and Germany.
“even as near as twenty twenty two, the majority of China's robots were being imported. Right? Japan and Germany being the largest market share players, but also USA, Korea is also in there.”
Patel forecasts that 70% of robots deployed in China in 2025 will be domestically manufactured Chinese robots.
“'24, it's, it's rapidly growing Chinese share. And '25 is it looks clear, like, the the market shares is, you know, gonna be 60 is gonna be, like, 70% Chinese robots for China's domestic usage.”
Patel notes that as recently as 2022, most of China's robots were imported from Japan and Germany.
“And so even as near as twenty twenty two, the majority of China's robots were being imported. Right? Japan and Germany being the largest market share players,”
Patel asserts America cannot manufacture robots and Germany/Japan are losing capabilities to China.
“Germany and and Japan are losing a lot of their capabilities to do so slash the cost of their robots are just way, way, way higher than what China can do.”
Patel states that Japan, USA, Korea, and Germany combined deploy only a third of China's robots in 2023.
“You fast forward to 2023, and all four of these countries combined, right, are still a third of China's robot deployments.”
Patel reveals that China purchased two top German robotics companies and transferred their servo and actuator production to China.
“Two of Germany's best robotics companies were actually purchased by China, And a lot of their, servos and actuator construction was actually transferred to China.”
Patel notes that as recently as 2022, China imported the majority of its robots from Japan and Germany.
“even as near as twenty twenty two, the majority of China's robots were being imported. Right? Japan and Germany being the largest market share players,”