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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AskCI Consulting. (December 7, 2023). Size of the servomotor market in China from 2017 to 2022 with forecasts until 2024 (in billion yuan) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1347719/china-value-of-the-servomotor-market/
AskCI Consulting. "Size of the servomotor market in China from 2017 to 2022 with forecasts until 2024 (in billion yuan)." Chart. December 7, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1347719/china-value-of-the-servomotor-market/
AskCI Consulting. (2023). Size of the servomotor market in China from 2017 to 2022 with forecasts until 2024 (in billion yuan). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1347719/china-value-of-the-servomotor-market/
AskCI Consulting. "Size of The Servomotor Market in China from 2017 to 2022 with Forecasts until 2024 (in Billion Yuan)." Statista, Statista Inc., 7 Dec 2023, https://www.statista.com/statistics/1347719/china-value-of-the-servomotor-market/
AskCI Consulting, Size of the servomotor market in China from 2017 to 2022 with forecasts until 2024 (in billion yuan) Statista, https://www.statista.com/statistics/1347719/china-value-of-the-servomotor-market/ (last visited December 23, 2024)
Size of the servomotor market in China from 2017 to 2022 with forecasts until 2024 (in billion yuan) [Graph], AskCI Consulting, December 7, 2023. [Online]. Available: https://www.statista.com/statistics/1347719/china-value-of-the-servomotor-market/