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China continues to lead the global robotics market

China continues to lead the global robotics marketSpending in China on robotics and related services will more than double from $24.6 billion in 2016 to $59.4 billion in 2020, IDC predicts.

China continues to lead growth in worldwide robotics adoption, driven by strong spending growth in the process manufacturing and cross-industry applications market segments, the research firm said.

As well as being the fastest growing robotics market in the world, China is also the largest, and is expected to account for more than 30% of worldwide spending in 2020. Discrete and process manufacturing together accounted for more than 50% of spending last year.

But the consumer segment is also experiencing strong growth, with a projected 38% CAGR between 2016 and 2020. Healthcare spending is meanwhile projected to grow at at 23% CAGR.

China's Spending on robotic systems is expected to grow to $29 billion in 2020, with service related spending reaching over $15.8 billion.

"In China, we are also seeing an accelerated growth in the adoption of commercial service robots especially for automated material handling in factories, warehouses and logistics facilities," IDC research director for worldwide robotics and Asia-Pacific manufacturing insights Jing Bing Zhang said.