In 2022, my country's industrial robot market will reach 8.7 billion US dollars, and by 2024 this figure is expected to exceed 11 billion US dollars. Zhang Xiaofei, chairman of Gaogong Robotics, estimates that the overall sales of industrial robots in China will reach 303,000 units in 2022, of which 132,000 domestic industrial robots will be sold, and the market share of domestic industrial robots will be about 40%.
Market share statistics of domestic industrial robots
In 2022, robot investment and financing will be the best - the number of financing projects in the whole year will reach 275. Among them, the number of enterprises with financing incidents in the field of industrial robots is the largest, followed by the field of medical robots, and then the field of service robots.
The superposition of differentiated competition takes the lead in deploying high-growth fields, and the market share of domestic-funded brands of industrial robots continues to increase. At the same time, from the perspective of the competitive landscape, in 2021, due to the impact of the epidemic on the supply chain of foreign-funded robotics companies, domestic capital through the provision of differentiated products and complete solutions such as industry special planes, and downstream customers’ demands for cost reduction, The market share of China's domestic industrial robot brands once again exceeded 30%, to 32.8%. With the continuous improvement of the competitiveness of domestic industrial robot products and the focus on high-growth areas such as lithium batteries and photovoltaics, the localization rate of industrial robots will continue to increase in the future.
The shipments of Estun and Inovance robots exceeded 10,000 units, and Xinshida entered the top ten shipments. From the perspective of enterprises, in 2021, under the background of a substantial increase in the share of domestic capital, the domestic brands among the top ten domestic industrial robot shipments will increase from Estun in 2020 to Estun, Inovance and Inovance. There are 3 new times, and the shipments of Estun and Inovance Technology both exceed 10,000 units.
my country's industrial robot sales and market size are expected to continue to grow. From the perspective of sales volume and market size, according to MIR data, driven by the rapid growth of demand in emerging industries such as new energy vehicles, lithium batteries, and electronics, the sales volume of industrial robots in my country will reach 256,000 units in 2021, a year-on-year increase of 49.5%. Reached 44.57 billion yuan. In the future, the sales volume of industrial robots in my country is still expected to continue to grow, and is expected to reach 457,000 units in 2025, a compound growth rate of 15.6% compared to 2021.
According to the "2022-2027 China Industrial Robot Industry Market Panorama Research and Development Prospect Forecast Report" by China Research Institute Puhua Research Institute:
China is a big manufacturing country. In recent years, the export volume of China's industrial robots has fluctuated greatly. It first increased from 60,000 units in 2018 and then decreased to 55,000 units in 2021, and the export value increased from 270 million US dollars in 2018 to 2021. 340 million US dollars. The quantity and value of imports showed an upward trend. From January to November 2022, the export volume of China's industrial robots is 147,000 units, with an export value of 380 million U.S. dollars, and the import volume is 97,000 units, with an import value of 1.25 billion U.S. dollars.
From the perspective of export volume, China's industrial robot exports are mainly multi-functional industrial robots. From January to November 2022, the export volume of China's unlisted industrial robots is 79,000 units, with an export value of 90 million US dollars; multi-functional industrial robot exports The quantity is 68,000 units, which is 11,000 units lower than that of unlisted industrial robots, and the export value is 290 million US dollars, which is 200 million US dollars higher than that of unlisted industrial robots.
Research on the Import and Export Trend of China's Industrial Robots
From January to November 2022, the number of unlisted industrial robots imported by China is 1,000 units, and the import value is 40 million US dollars; the number of multifunctional industrial robots imported is 96,000 units, which is much higher than the number of unlisted industrial robots imported. The amount was US$1.21 billion, much higher than the import value of unlisted industrial robots.
From the perspective of average import and export prices, the average import price of China's industrial robots is much higher than the average export price. From January to November 2022, the average export price of China's industrial robots is 25,850.3 US dollars per unit, and the average import price is 128,866 US dollars per unit.
From January to November 2022, the TOP5 regions of China's industrial robot export value are South Korea, Vietnam, Japan, Germany, and the Russian Federation.
In terms of import value, Japan is the largest importer of industrial robots in China. From January to November 2022, China imported 954.277 million US dollars of industrial robots from Japan, accounting for 77% of the total import value, and 74.797 million US dollars of industrial robots from Germany, accounting for 6% of the total import value.
It is estimated that by 2022, the global robotics market will reach US$51.3 billion, with an average annual growth rate of 14% from 2017 to 2022. Among them, the industrial robot market will reach 19.5 billion US dollars. It is estimated that by 2024, the global robotics market is expected to exceed US$65 billion. Among them, the scale of the industrial robot market hit a record high, and robots have been widely used in industries such as automobiles, electronics, metal products, plastics and chemical products. According to IFR statistics, it is estimated that by 2022, the industrial robot market will reach US$19.5 billion; in 2024, it is expected to reach US$23 billion.
Manufacturing robot density doubles compared to 2020
On January 19, 17 departments including the Ministry of Industry and Information Technology issued the "Robot +" Application Action Implementation Plan to deepen the application of "Robot +" in key areas.
The plan proposes that by 2025, the density of manufacturing robots will double that of 2020, focus on 10 key application areas, break through more than 100 innovative application technologies and solutions for robots, and promote more than 200 robots with high technical level, innovative application models and Typical application scenarios of robots with remarkable application results, creating a batch of "robot +" application benchmarking enterprises.
It is worth mentioning that in 2021, the "14th Five-Year" Robot Industry Development Plan jointly issued by the Ministry of Industry and Information Technology and other 15 departments has proposed that by 2025, the average annual growth rate of the robot industry revenue will exceed 20%. Robot density will double.
The data shows that in 2020, the density of robots in my country's manufacturing industry will be 246 units per 10,000 people, which also means that by 2025, it will reach about 500 units per 10,000 people, doubling.
The plan also pointed out that the selection of key areas with a certain foundation, wide application coverage, and strong radiation and driving effects will be promoted. Judging from the current development of the robot industry, subdivision scenarios such as manufacturing, agriculture, logistics, and special environments have accumulated considerable scale and depth of robot applications, and have effectively replaced labor and improved work efficiency.
At present, the trend of machine replacement in some fields is clear, which will effectively alleviate the downward pressure on population.
According to data from the National Bureau of Statistics in January 2023, the national population will decrease by 850,000 year-on-year by the end of 2022. In the future, with changes in per capita education and population structure, more and more jobs will be replaced by robots.
Industrial robots have three core components: servo motors, controllers, and reducers. They are also the main cost of robot production, and thus become one of the main reasons restricting the development of robots.
Reducers, controllers and servo motors are the three main components of industrial robots. From the structural point of view of industrial robots, industrial robots are mainly composed of reducers (RV reducers and harmonic reducers), controllers, servo motors, bodies and other components. Among them, the reducer, controller and servo motor are the three main components, and their cost ratio is also the highest, about 35%, 20% and 15% respectively, and the total is as high as about 70%. The cost of the industrial robot body and other components accounted for about 15% respectively.
my country's industrial robot parts market share
my country's RV reducer Nabtesco is the only one, and the market share of domestic enterprises is relatively low. Benefiting from the continuous growth of my country's industrial robot production and sales, the RV reducer market also continues to grow, reaching about 4.30 billion yuan in 2021, a year-on-year increase of up to 50.7%. However, at present, the main market share of RV reducers in my country is still occupied by the global leader Nabtesco, and its domestic market share in 2021 will be as high as 53%. Next is Shuanghuan Transmission, a domestic company, with a market share of about 14% in 2021. In addition, companies such as Sumitomo, Asuka, and Zhongdaide also occupy a small amount of market share.
There are two strong players in the harmonic reducer market, and the competition pattern is relatively scattered. Also benefiting from the development of my country's industrial robot industry, the market size of my country's robot harmonic reducer continues to grow. According to MIR data, the market size of my country's robot harmonic reducer will be 1.21 billion yuan in 2021, a year-on-year increase of 24.7%. It is estimated that the harmonic reducer market size is expected to reach 3 billion yuan in 2025, a compound growth rate of 19.9% compared with 2021. From the perspective of the market structure, unlike Nabtesco in the RV reducer market, the harmonic reducer presents a situation where there are two strong harmonics, Harmonaco and Green. Its market share in 2021 is 36% and 25%, respectively. In addition, domestic companies such as Laifu Harmonic, Hanyu Group, Han's Laser and Sichuan Fude also occupy a certain market share, so the market share of domestic brands is close to half.
In terms of application industry, the largest application industry is in the field of automobile manufacturing, which accounts for 38.7% globally, while the application in domestic automobile manufacturing reaches 35%. The application of industrial robots in the power/electronics industry has also grown very fast in recent years, and has reached about 23% at present, and this proportion is expected to increase further. Especially in China, the production capacity of electronic products accounts for about 60%-70% of the world. Therefore, in China's power/electronics industry, the application of industrial robots will have a larger market.
"2022-2027 China's Industrial Robot Industry Market Panoramic Research and Development Prospect Forecast Report" was written by Zhongyan Puhua Research Institute. This report analyzed the industry's supply and demand situation, development status, and industry development changes, focusing on the analysis of the industry. The development status of the industry, how to face the development challenges of the industry, the development suggestions of the industry, the competitiveness of the industry, and the investment analysis and trend forecast of the industry, etc. The report also synthesizes the overall development trend of the industry, and provides reference suggestions and specific solutions for the industry in terms of products.
