China Sees Significant Investments in Robot Manufacturing

NEW DELHI--September 26, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--China's first population decline in six decades last year brought the "Robot + Application Action Plan" into action. The plan aims at accelerating the application of robotics in areas including manufacturing, agriculture, logistics, energy, healthcare, education and elderly services. According to data from the China Robot Industry Alliance, China has been dominating the global market for industrial robots for nine years in a row and continues to be one of the fastest-growing markets.

Industrial Info tracking 158 active capital-spending projects globally worth US$7.82 billion geared at robot manufacturing, about 72% of which is in China with a spend of US$6.57 billion.