Jul 12,2018

China'S Industrial Robots And Custom Automated Machines Have Become The World'S Largest Application

The "China Robot Industry Development Report (2017)" released in Beijing shows that China's robot market has entered a period of rapid growth, and industrial robots and non-standard automation equipment have become the world's largest application market for five consecutive years.

Li Ting, director of the Research and Consulting Center of the China Electronics Society, said that China is the world's largest industrial robot application market, accounting for about one-third of the global market share. With the intelligent transformation and upgrading of manufacturing, the industrial robot market will continue to flourish. It is estimated that the sales volume of industrial robots in China will exceed 110,000 units for the first time in 2017, and the market size will reach US$4.22 billion. By 2020, the size of the domestic market is expected to expand to 5.89 billion US dollars.

According to the report, as the population ages and the demand for medical care and education soars, China's service robots have huge market potential and room for development. It is estimated that the service robot market in China will reach US$1.32 billion in 2017, an increase of approximately 28% year-on-year, which is higher than the annual growth rate of the global service robot market.

Experts suggest that the development of China's robot industry should not only accelerate the independent research and development of core technologies, break through the key technologies of core components in the upstream and middle of the industry chain, and move toward the middle and high-end; it must further improve the government support system, play a good role in capital leverage, and regulate the market. Competition order.

The report also shows that the global robot industry is welcoming a new round of growth. In 2017, the global robot market is expected to reach US$23.2 billion, with an average growth rate of nearly 17% from 2012 to 2017.

According to the report, the global service robot market is expected to reach $2.9 billion in 2017. Among them, the medical service, home service, and special service robots were US$1.62 billion, US$780 million, and US$500 million, respectively. The market for service robots is growing rapidly and is expected to reach $6.9 billion by 2020.