The Robots at Work study, published in the Review of Economics and Statistics, analysed the economic contributions of
modern industrial robots. The findings suggest that robots increase productivity while lowering output prices. However, at
present only a few economies are truly reaping the rewards of automation.
According to the 2018 World Robotics Report published by the International Federation of Robotics (IFR), five markets were
responsible for 73 per cent of global robot sales in 2017; China, Japan, Republic of Korea, United States and Germany, so,why
do these regions so greatly dominate the field of robotics?
In 2017, China held 36 per cent of the global robotics market. This is in part thanks to Made in China 2025, an initiative to
reboot its manufacturing sector. Made in China 2025 aims to upgrade the industry, but one of its main goals is focused on
automated machine tools and robotics. You can tell it is a priority — China is responsible for a larger volume of sales than
Europe and the Americas combined.
Although the Robots at Work study found enhanced productivity after increased robot use in the workplace, there are still
hurdles to overcome on the road to Industry 4.0. By looking to the leaders, other nations can learn how best to implement
new and innovative technology.
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