Industrial robotics and agricultural machinery to grow China's machinery market

June 28, 2013
Industrial robotics and agricultural machinery are projected to expand by nearly 20% in the coming years, marking the two areas as the fastest-growing segments in the Chinese machinery business

Industrial robotics and agricultural machinery are projected to expand by nearly 20% in the coming years, marking the two areas as the fastest-growing segments in the Chinese machinery business, according to an IHS press release.

China has put a focus on mechanizing agriculture as they strive toward urbanization. Agricultural mechanization should rise from 52% in 2012 to 60% in 2015, then to 70% in 2020 and 82% in 2030, according to the 12th Five-Year-Plan and the government’s stated objectives.

As a result of the country’s focus and their incentive policies and purchase subsidies, the production of agricultural machinery in China was estimated to be worth $57.9 billion in 2012, which is 19.1% more than in 2011. IHS predicts that it will continue to grow from 2013 to 2017 at a compound annual growth rate (CAGR) of 18.1%, faster than the average for all Chinese machinery production.

As the automobile market in China grows, so does the expansion of robotic machinery, which is estimated to be worth $589 million in 2012, up 22.6% from 2011. Manufacturers are being forced to automate for financial reasons (i.e. rising wages) in addition to the rising demand for higher-quality Chinese products in domestic and export markets. IHS predicts that the industrial robotics sector in China will grow faster than those of other industries from 2013 to 2017 at a CAGR of 18.8%.

View the IHS press release.

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About the Author

James Carroll

Since joining the team 2013, James covered machine vision and imaging from numerous angles, including application stories, industry news, market updates, and new products. In addition to writing and editing articles for each issue of the magazine, James managed the Innovators Awards program and webcasts.


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