VDMA: Growth forecast 2017

German robotics and automation sales growth to pick up

Dr. Norbert Stein, The Chairman of the VDMA Robotics + Automation Association talks about growth prospects for the sector, Germany’s global position as a robotics country and visions for the future collaboration of humans and machines.

German robotics and automation is on course for growth: The sales volume reached a new high of EUR 12.8 billion (2016). Since the economic crisis, turnover in the sector has more than doubled in seven years. For the current business year, VDMA forecasts an increase in growth of 7 percent. “In the global race to modernize the industry, the market players from Germany are benefitting from a robust economy. Our sector is looking optimistically to the future,” said Dr. Norbert Stein, Chairman of the VDMA Robotics + Automation Association at the annual press conference on Tuesday in Frankfurt.

Read full article: VDMA: German robotics and automation has been booming for the past 7 years – growth forecast 2017: Up 7 percent