Morgan Stanley expects China’s humanoid robot sales to double in revised forecast

Morgan Stanley expects China’s humanoid robot sales to grow 133 per cent to 28,000 units this year, while noting that falling production costs will gradually make owning robots more accessible. The US investment bank revised its forecast from the 14,000 units previously on the back of the rapid growth of the industry in the world’s second largest economy. The consulting firm Bain & Co, meanwhile, expects parts prices to decrease by roughly 70 per cent globally by 2035. AdvertisementThis would lead to lower prices for humanoid robots – to around US$21,000 by 2050 from US$50,000 in 2024 – in middle and low-income countries, including China, according to Morgan Stanley. AdvertisementThe US investment bank predicted humanoid installations would eventually become more pervasive.