Industrial robotics China: Expectations of growing business

The total quantity of global industrial robots is 1.60 million units at present, and China has been the world’s largest industrial robot market for three consecutive years, according to the Forward Industry Research Institute.

Asia is still the largest market of industrial robots, accounting for 60% of the world. “75% of the supply is from China, South Korea, Japan, U.S. and Germany.” Wherein, the market growth of China reached 17%. Chinese manufacturing industry has been the leader in the industrial robot application in the past three years. The shipment of industrial robots in China reached 68,000 units last year, accounting for 26.7% of the world’s robot market.

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Currently, the robots in service in China have accounted for about 10% of the total in the world. The production of the industrial robots in our country in the first 9 months of 2016 reached 50,925 sets, growing by 30.8% year on year, with the production in September of 5,728 sets, growing by 35.1% year on year.

According to relevant planning, the industrial robot sales in 2020, 2025 and 2030 will be 150 thousand units, 260 thousand units and 400 thousand units, respectively. The Chinese robot market size is estimated to reach RMB 600 billion in the next 10 years.

Labor shortage becomes the biggest headache of entrepreneurs with the end of the era of cheap labor, therefore, many enterprises start to use industrial robots in great quantities, and the domestic robot industry faces the turning point of accelerated growth. And the localization rate of industrial robots is low; therefore, the room for substituting with domestically produced robots is large. The robot market demand will only increase. The development of the industrial robot industry, lured by many factors, will be speeded up again, to enter the second prosperous development period in history, which may be more drastic than the first wave.

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