China AMH Market Size

China Automated Material Handling Market Analysis

The China Automated Material Handling market was valued at USD 14112.1 million in 2020 and is anticipated to register a CAGR of over 15.8% during the forecast period (2021-2026).

• China has been the largest market for the robotics industry since 2012, and the country shows no signs of a slowdown. The country is on the exact path of becoming a leader in technology and automation by 2020, as targeted by the country's 'Made in China 2025' policies.
• By adopting automation in manufacturing, China is expected to cut manufacturing costs by 30% by 2025. According to the National Bureau of Statistics China, the country has more than 29.85 million of the population aged above 60 years in 2020. It is further anticipated that by 2050, 330 million Chinese will be over age 65. This would result in a dearth of skilled labor, which would require job activities to be eased to maintain productivity at work, which will boost the growth of the market studied.
• In the next four years, the current investments being made in foreign technology companies are expected to be diverted toward R&D activities in the country itself. The Chinese government is taking the necessary steps to strictly control the flow of capital abroad and approve plans to establish a National Robotics Innovation Center. This proves the diversion of investments.
• The forecast from the International Federation of Robotics indicates that 950,300 industrial robots will be operational in the country in 2020. Thus, the automated material handling market in the country is expected to experience favorable growth over the forecast period.