Market Analysis of Chinese Robot Industry in 2020
As digital intelligence technology penetrates into the whole process of product design, manufacturing, delivery and user experience, it is not only the the entire scenario of traditional home appliance 3C industry, but also the pan-manufacturing industry including shoes and clothing, automobiles, food, metal products, daily chemicals, etc has been redefined, and the upgrading of digital intelligence requires iterative solutions that can fit each sub-industry and scenario, and cannot copy the past digital intelligence theories and models.
After years of development, Chinese industrial robots have grown into certain scale. At present, China has manufactured some key components of robots, and developed industrial robots such as arc welding, spot welding, palletizing, assembly, handling, injection molding, stamping, painting and so on. A number of domestic industrial robots have served the production lines of many domestic enterprises, and there were many technician became research talents in robotics industry. Some key technology has reached or approached the world top level.
In terms of market size, the global industrial robot market in 2019 was US$18.9 billion. Chinese industrial robot market has developed rapidly. Although it has declined in the past two years, it still accounts for one-third of the global market share, ranking NO.1 in the global industrial robot application market.
At present, the demand for intelligent transformation and upgrading of Chinese production and manufacturing is increasingly prominent, and the market demand for industrial robots is strong. According to statistics, the size of Chinese industrial robot market reached 5.73 billion US dollars in 2019. With the gradual recovery of the industrial robot industry in 2020, the market scale of domestic robots realized further expansion.
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