China Industrial Robotics Market Size & Outlook, 2023-2030
China industrial robotics market, 2018-2030 (US$M)
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China industrial robotics market highlights
- The China industrial robotics market generated a revenue of USD 8,746.5 million in 2023 and is expected to reach USD 16,656.1 million by 2030.
- The China market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, electrical/electronics was the largest revenue generating end use in 2023.
- Chemical, Rubber, & Plastics is the most lucrative end use segment registering the fastest growth during the forecast period.
Industrial robotics market data book summary
| Market revenue in 2023 | USD 8,746.5 million |
| Market revenue in 2030 | USD 16,656.1 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Electrical/electronics |
| Fastest growing segment | Chemical, Rubber, & Plastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food |
| Key market players worldwide | ABB Ltd, YASKAWA Electric Corp, Mitsubishi Electric Corp, KUKA Robotics, Fanuc Corp, Denso Corp, Kawasaki Heavy Industries Ltd, OMRON Corp, Nachi Fujikoshi, Stellantis NV |
Other key industry trends
- In terms of revenue, China accounted for 29.0% of the global industrial robotics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial robotics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,449.1 million by 2030.
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Industrial Robotics Market Scope
Industrial Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China industrial robotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial robotics market will help companies and investors design strategic landscapes.
Electrical/electronics was the largest segment with a revenue share of 25.33% in 2023. Horizon Databook has segmented the China industrial robotics market based on automotive, electrical/electronics, metal/heavy machinery, chemical, rubber, & plastics, food covering the revenue growth of each sub-segment from 2018 to 2030.
The industrial robotics market in China recorded the highest market share of 43.4% in 2023. China has emerged as a global manufacturing hub, witnessing an increased demand for automation solutions across various industries to enhance production efficiency and maintain competitiveness.
The government's strategic initiatives, such as the "Made in China 2025" plan, have played a pivotal role in promoting the adoption of industrial robotics, fostering innovation, and upgrading manufacturing capabilities.
Moreover, the country's focus on transitioning towards smart manufacturing, coupled with investments in research and development, has fueled the integration of advanced technologies like artificial intelligence and IoT in industrial robotics.
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Our clientele includes a mix of industrial robotics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China industrial robotics market , including forecasts for subscribers. This country databook contains high-level insights into China industrial robotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China industrial robotics market size, by end use, 2018-2030 (US$M)
China Industrial Robotics Market Outlook Share, 2023 & 2030 (US$M)
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