China's industrial robot market will exceed 70 billion yuan in 2024

With the continuous advancement of science and technology and the accelerated advancement of industrial intelligence, China's industrial robot industry is welcoming new development opportunities. This article analyzes the current industrial robot market and combines factors such as industry trends and policy environment to predict the market prospects of China's industrial robot industry in 2024.

Industrial robots refer to automated robot systems specifically used in industrial production and inspection and maintenance. They usually have multi-axis degrees of freedom and high-precision motion control capabilities, which can replace or assist manual labor and improve production efficiency, quality and safety.

Industrial robots are usually composed of mechanical structures, sensors, actuators, control systems and programming software. They automatically complete designated tasks through pre-programmed programs or information fed back by sensors, and can work in an uninterrupted continuous production environment.

Industrial robots include robots of various types and application fields, mainly including the following categories:

1. Welding robots: used for automatic welding processes, including spot welding, arc welding, laser welding, etc., commonly used in automobile manufacturing, aerospace and other industries.

2. Assembly robots: used for automatic assembly of parts, including bolt tightening, parts assembly, labeling and other operations, commonly used in electronics, home appliances, medical devices and other industries.

3. Handling robots: used for automatic handling and material handling, including conveying, loading and unloading, stacking and other operations, commonly used in logistics, warehousing, manufacturing and other fields.

4. Inspection robots: robot systems specifically used for automated inspection, monitoring and detection tasks. Equipped with various sensors, cameras, lidar and other sensing devices, it can conduct autonomous inspections in data centers, substations, metallurgical mines, petrochemicals and other environments.

5. Processing robots: used for automatic processing and processing, including CNC machine tools, laser cutting, water jet cutting, etc., commonly used in metal processing, woodworking and other fields.

6. Measuring and detection robots: used for automatic detection and measurement, including three-coordinate measuring machines, visual inspection robots, etc., commonly used in quality inspection, dimension measurement and other processes.

7. Cleaning and maintenance robots: used for automatic cleaning and equipment maintenance, including floor cleaning, pipeline cleaning, equipment maintenance, etc., commonly used in buildings, public facilities and other places.

8. Educational and entertainment robots: used in educational and entertainment places, including robot education, entertainment performances, etc., commonly used in schools, museums, theme parks and other places.

The robot industry has great potential under the new industrialization

Since September 20, 2023, the new industrialization has been an important national policy, and it has been clearly "accelerated". The important breakthrough and focus of new industrialization is intelligent manufacturing, and the important foothold of intelligent manufacturing is robots, so robots will definitely be the key core of new industrialization.

In recent years, the Chinese government and relevant departments have successively introduced a series of policies and measures to accelerate the pace of building a strong manufacturing country and promote the development of the industrial robot industry. These policy support measures will help promote the healthy development of the industrial robot industry, promote industry technological innovation, industrial upgrading and enhance international competitiveness. At the same time, it also provides more development opportunities for enterprises.

Driven by multiple factors such as the intensive introduction of domestic policies and the maturing market, the scale of my country's industrial robot market has grown rapidly. According to the "In-depth Survey and Investment and Financing Strategy Research Report on China's Industrial Robot Industry from 2023 to 2028" released by China Business Industry Research Institute, the scale of my country's industrial robot market increased from 36.994 billion yuan to 58.517 billion yuan from 2019 to 2022, with a compound annual growth rate of 16.5%. In the future, with the expansion of the downstream demand market, the development of industrial robots will continue to improve. The market size will reach 66.588 billion yuan in 2023 and will exceed 70 billion yuan in 2024. National industrial robot listed companies are mainly distributed in Guangdong, Jiangsu, Shanghai and Zhejiang. Guangdong's industrial robot production has remained the first in the country for many years.

Industrial robots are widely used in various industrial fields such as inspection, electronics, logistics, and chemical industry, greatly improving production efficiency, safety, and intelligence.

Development prospects of industrial robots

The future development prospects of industrial robots are very broad, mainly reflected in the following aspects:

1. Driven by technological innovation: With the continuous progress and application of artificial intelligence, machine learning, sensor technology, etc., industrial robots will have more intelligent and flexible characteristics.

2. Growth in industry demand: With the transformation and upgrading of the manufacturing industry and the advancement of intelligent production, the application of industrial robots in inspection and maintenance, automobile manufacturing, electronic appliances, machinery manufacturing, food and beverage and other industries will be further expanded. At the same time, emerging fields such as medical care, agriculture, and service industries will also become important application areas for industrial robots.

3. Expansion of market scale: With the continuous maturity of industrial robot technology and the gradual reduction of costs, the scale of the industrial robot market will continue to expand. Especially in emerging markets such as China, due to the rapid development of the manufacturing industry and the government's policy support, the industrial robot market has great growth potential.

4. Improvement of industrial ecology: The industrial robot industry chain is becoming more and more complete, including robot manufacturers, system integrators, software developers, service providers and other links. This will provide more comprehensive and professional solutions for the application of industrial robots and promote the common development of the upstream and downstream of the industrial chain.

5. Popularization of human-machine collaboration: With the continuous maturity and application of human-machine collaboration technology, industrial robots will become more popular and closer to human workers. Human-machine collaboration will improve the flexibility and safety of industrial robots, enabling them to work better with human workers and improve production efficiency and quality.

With the continuous advancement of science and technology and the accelerated advancement of industrial intelligence, the industrial robot industry is ushering in unprecedented development opportunities. As an important part of modern manufacturing, industrial robots have become key technologies and equipment for improving production efficiency, optimizing production processes, and reducing production costs. Under the wave of the new industrial revolution and digital economy, the industrial robot industry will usher in a broader development space and market demand.