Industrial robot market analysis and development trend forecast in 2024

2024 Industrial Robot Industry Application Field Market Analysis and Industry Development Trend Forecast

Report publisher: CICC Enterprises International Consulting "2024-2030 Industrial Robot Industry Market Research and Strategic Planning Investment Forecast Report"

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(1) Overview of the development of the industrial robot industry

① The aging of the population has led to an increase in labor costs, and it is a general trend that machines will replace people

Since 2013, my country’s population ratio between the ages of 20 and 59 has reached an inflection point, and the long-term demographic dividend period has come to an end. After 2012, the growth rate of employee wages began to exceed the growth rate of corporate income, and labor costs increased significantly. As the demographic dividend weakens, the gap between rising labor costs and falling equipment costs further expands. Considering the safety of workers' operations, machine substitution is more cost-effective in some specific fields. At present, the density of industrial robots in my country's manufacturing industry is still lower than that of developed countries such as Europe, South Korea, and Japan. According to statistics, the density of industrial robots in my country's manufacturing industry in 2021 is 322 units per 10,000 people, while the density of industrial robots in South Korea, Japan, and Germany during the same period was 1,000 units each. /10,000 people, 399 units/10,000 people, and 397 units/10,000 people. my country’s robot density is lower than that of developed countries such as Europe, South Korea, and Japan, and there is still room for further improvement.

Data compilation: CICC International Consulting

②China is the world’s largest market for industrial robots

In 2022, my country's industrial robot market size will be 60.9 billion yuan, accounting for 45% of the global industrial robot market size. Industrial robots have been widely used in industries such as automobiles, electronics, metal products, plastics and chemical products. The epidemic has accelerated the digital transformation of various industries, and robots have become an important tool for enterprises to resume work and production. According to data, after two consecutive years of downturn in 2019-2020, the global industrial robot market rebounded strongly to 122.5 billion yuan in 2021, a year-on-year increase of 26%. As a global manufacturing center, China's demand for industrial robots continues to expand. In 2022, my country's industrial robot market size will be approximately 60.9 billion yuan, accounting for 45% of the global industrial robot market size. Complete sets of industrial robot automated production line equipment have become the mainstream of automation equipment and the future development direction. It is expected that the global and Chinese industrial robot market sizes will have a compound annual growth rate of 9.5% and 15.3% respectively from 2021 to 2024.

Data compilation: CICC International Consulting

③Industrial robots occupy half of the robot market

According to different application fields, robots can be divided into industrial robots, service robots, special robots and other robots. In 2021, China's robot market will reach 99.4 billion yuan, of which industrial robots will be 52.5 billion yuan, accounting for 53%, which is much higher than service robots and special robots. According to different uses, industrial robots can be divided into handling/loading and unloading robots, welding robots, spraying robots, processing robots, assembly robots, cleaning robots and other industrial robots.

(2) Development Trend of Industrial Robot Industry

1) Policy dividends promote doubling of the density of manufacturing robots

With the comprehensive implementation of "Made in China 2025" in the country, intelligent manufacturing has been listed as the main direction to promote the integrated development of new generation information technology and manufacturing technology, and is also an important position for industrial innovation. In order to regulate and support my country's robot industry, the central and local governments have successively introduced various policies. In recent years, the country has paid more and more attention to the robot industry. In 2022, with the implementation of the five safeguard measures in the "Robot Industry Development Plan", the development of the robot industry will enter a new stage, ushering in new opportunities, new goals and new challenges. In January 2023, 17 departments including the Ministry of Industry and Information Technology released the "Robot Application Action Implementation Plan", which set the goal of doubling the density of robots in my country's manufacturing industry by 2025 compared with 2020. In 2021, the density of industrial robots in China is 322 units/ten thousand people, and according to the target, it will reach about 500 units/ten thousand people in 2025. The penetration rate CAGR from 2021 to 2025 is 12%.

2) The trend of localization of industrial robots is obviously accelerating

The four overseas giants that have long held a monopoly in the field of industrial robots are Japan's Fanuc and Yaskawa Electric, as well as Switzerland's ABB and Germany's KUKA. Data shows that the localization rate of industrial robots in 2015 was only 17.5%. Around 2016, my country entered the stage of industrial upgrading. Industrial robots were a key area of ​​intelligent equipment. The comprehensiveness of policies during this period was significantly enhanced. The government has promoted localization and intelligence of industries through many measures such as setting industry standards, optimizing the business environment, and establishing innovation centers. In 2022, the localization rate of my country's industrial robots has increased to 35.7%. Among them, Fanuc, ABB, Yaskawa, and KUKA have sold 43,000 units, 23,000 units, 23,000 units, and 22,000 units in China respectively, with a market share of 15%, 8%, 8%, 8%. During the same period, the sales market share of my country's industrial robot leaders Eston and Inovance Technology's robots increased to 6% and 5%. In 2023, the localization rate of industrial robots will reach 41%, a year-on-year increase of 9%, and the trend of localization is obviously accelerating.

Data compilation: CICC International Consulting

3) The broadening of application scenarios has improved the industry development space

With the advancement of robot technology and the improvement of economy, its application in general industries with short life cycles such as electronics, metal manufacturing, food and beverages, and plastic products has also become increasingly popular, and the development trend of horizontally broadening the downstream application fields Gradually it became clear. Data shows that the sales proportion of robots used in non-automotive industries in my country increased from 68% to 74% from 2019 to 2022. Among them, the lithium battery and photovoltaic industries developed the fastest. The compound sales growth rates from 2019 to 2022 were 60% and 51% respectively. %. In contrast, the compound growth rate of automotive robot sales is only 16%. The expansion of application scenarios in electronics, metal manufacturing, food and beverages, plastic products, lithium batteries, photovoltaics, etc. provides broader space for the development of the industrial robot industry. .

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