China Industrial Robotics Market

According to a research report "China Industrial Robotics Market by Type (Traditional, Collaborative Robots), Component, Payload, Application (Handling, Processing), Industry (Automotive, Food & Beverages) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027", published by MarketsandMarkets, China Industrial Robotics Market to Grow at a CAGR 46.0% from 2022 to 2027

Growth of automotive and electronics industries expected to drive the industrial robots market.

According to the International Trade Centre, China is the world’s largest exporter and importer of manufactured goods. The once readily available labor has resulted in the growth of several labor-intensive industries, such as clothing, textiles, footwear, furniture, plastic products, bags, and toys. However, the aging population has created a labor shortage in recent years, leading to a wage rise. This is compelling companies to adopt automation and industrial robots to reduce costs.

hina is moving from labor-intensive simple industries toward high-tech manufacturing goods, such as semiconductors, through its Made in China 2025 policy. With Chinese telecommunication equipment giant Huawei being placed on the US blocklist, China aimed to produce 40% of the semiconductors it uses by 2021 and 70% by 2025. In May 2019, the Chinese government announced tax breaks for homegrown semiconductor companies; Xiaomi and Alibaba, these companies have already begun working on their AI processor.

According to the International Organization of Motor Vehicle Manufacturers (OICA), China is the largest manufacturer of commercial vehicles. Therefore, the demand for industrial robots in the electronics and automotive industries is expected to be high. According to the Information Technology & Innovation Foundation, China provides higher subsidies for robot adoption than any other nation and is expected to lead the world in the number of industrial robots used across the industry. Government initiatives and regulations to introduce fuel-efficient cars to reduce emissions and the carbon footprint present an opportunity for an industrial robotics market recovery. The Chinese government has ambitious plans for the country’s robotics industry. It has listed the robotics industry and AI and automation as one the priority sectors for high-end development to push forward the transformation of the manufacturing industry. China is also one of the largest manufacturers and assemblers of electronics; however, a slump in demand for smartphones has affected the need for automation in the sector. With increasing labor costs, China is expected to increase investments in automation further to maintain its cost advantage in production. As a result, China’s industrial robotics market will remain dominant during the forecast period.

Don’t miss out on business opportunities in China Industrial Robotics Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

You may also intrested in :

Japan Industrial Robotics Market
Germany Industrial Robotics Market
UK Industrial Robotics Market
South Korea Industrial Robotics Market
France Industrial Robotics Market

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]