Released September 26, 2023 | NEW DELHI
en
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. A majority of the 114 projects in China are focused on constructing or expanding facilities and installing equipment to produce robotic units. It is important to note that about 43% of these projects are under construction, with 34% being engineered, and the remaining 23% in their early planning phase.
The top three players in the market are Foshan Huashu Robot Company Limited, Hugong Intelligent Technology (Suzhou) Company Limited and Jintaike Cable (Jiangxi Province) Company Limited with a total spending of US$1.23 billion.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a full list of robot-manufacturing projects across the globe.
As reported by China Central Television, the country's robotics industry is witnessing stable growth, due to the production of industrial robots reaching 222,000 sets in the first half of 2023.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
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. A majority of the 114 projects in China are focused on constructing or expanding facilities and installing equipment to produce robotic units. It is important to note that about 43% of these projects are under construction, with 34% being engineered, and the remaining 23% in their early planning phase.
The top three players in the market are Foshan Huashu Robot Company Limited, Hugong Intelligent Technology (Suzhou) Company Limited and Jintaike Cable (Jiangxi Province) Company Limited with a total spending of US$1.23 billion.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a full list of robot-manufacturing projects across the globe.
As reported by China Central Television, the country's robotics industry is witnessing stable growth, due to the production of industrial robots reaching 222,000 sets in the first half of 2023.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
