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

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Sources

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).

Citation formats

Market size of servomotors in China 2017-2024

Published by
Petroc Taylor,
Sep 24, 2024

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

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