It is expected that China’s robot market scale will make a big breakthrough in 2021

2020-04-20 14:01:41
As China's demographic dividend disappears, robots are replacing not only manufacturing workers, but humans in the military, services, entertainment and other fields. Iron man no longer appears in American science fiction movies, but in our lives.

I. global robot market: industrial robots account for 54%

In 2019, the global robot market reached us $29.41 billion, of which industrial robots accounted for us $15.92 billion, accounting for 54% of the robot market share. Service robots accounted for $9.46 billion, or 32% of the robot market. Specialty robots account for $4.03 billion, or 14 percent of the robot market.

Ii. Global service robot market: 45% of home service robots

According to IFR, the global market for household, healthcare and public service robots is $4.2 billion, $2.58 billion and $2.68 billion respectively in 2019, with the market for household robots being 18 percent and 17 percent larger than that for healthcare and public services, respectively.

Iii. China's robot market: industrial robots account for 66%

In 2019, the market size of China's robot industry reached us $8.68 billion, with industrial robots accounting for us $5.73 billion, or 66 percent of the market share. Service robots account for $2.2 billion, or 25% of the market; Specialty robots account for $750 million, or 9% of the market.

China's industrial robot market will exceed us $7 billion by 2021.

According to IFR, the density of industrial robots in China reached 97 per 10,000 in 2017, higher than the global average. It is expected that the density of industrial robots in China will exceed 1.3 per million in 2021, reaching the average level of developed countries. In 2019, China's industrial robot market reached $5.73 billion. By 2021, the domestic market will expand further and is expected to exceed $7 billion.

The market for service robots in China is expected to reach nearly $4 billion by 2021.

The rapid expansion of service robot market in China has become a bright spot in the application of robot market. With the aging of the population and the increasing demand for medical education, service robots have great market potential and development space in China. China's service robot market is expected to reach nearly us $4 billion by 2021, with the rapid development of new application robots such as parking robots and supermarket robots.