Market size of servomotors in China 2017-2024

Published by
Daniel Slotta,
Sep 24, 2024

In 2022, the size of the servomotor market exceeded 18 billion yuan. According to the forecast, the market was projected to grow by another four billion yuan in 2024. Servomotors account for 25 percent of the total cost of an industrial robot.

Size of the servomotor market in China from 2017 to 2022 with forecasts until 2024 (in billion yuan)

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Release date

December 2023

Region

China

Survey time period

2017 to 2022

Supplementary notes

*Forecast.

One yuan equals 0.14 U.S. dollars and 0.13 euros (as of September 2024).

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