Who will be spending on industrial robotics?

The latest report from IDC revealed that five industries will be powering the robotics market in China.
Robotics spending in China forecastThe China robotics market is expected to grow at a compound annual growth rate (CAGR) of 26.9 percent from 2017 to 2022 to reach $80.5 billion, or 38.3 percent of the world’s total spend in robotics, by 2022.

Five industries will be leading the growth of the China robotics market — discrete manufacturing, process manufacturing, consumer, retail, and healthcare provider.

“Taking a customer-centric approach, investing to understand end users’ true needs and pain points, and delivering maximum business values will prove to be key to success in the China market,” Jing Bing Zhang, research director for Worldwide Robotics and Asia/Pacific Manufacturing Insights at IDC, said.