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Size of the smart manufacturing equipment market in China from 2018 to 2024 with estimates until 2024 (in trillion yuan)

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Sources

Release date

November 2024

Region

China

Survey time period

2018 to 2023

Supplementary notes

*Estimate.

One yuan equals 0.14 U.S. dollars and 0.13 euros (as of February 2025).

Citation formats

Market size of the intelligent manufacturing equipment in China 2018-2024

Published by
Petroc Taylor,
Nov 1, 2024

In 2023, the size of the smart manufacturing equipment market in China amounted to over *** trillion yuan. Smart production is one of the leading areas of application for artificial intelligence and is projected to be the future of the manufacturing industry. The technology is implemented in various production steps, for instance, smart assembly, smart conveying systems, and smart storage systems.

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