China’s industrial robotic gross sales are anticipated to report its first decline in 5 years amid sluggish demand within the manufacturing business, new market analysis exhibits.
The nation’s whole industrial robotic deliveries this 12 months are estimated to succeed in 300,000 models, down 5 per cent from 2023, based on the newest report from market consultancy Shenzhen Gaogong Industrial Institute (GGII).
That decline was attributed by the report back to the “clearly tightening demand” from the manufacturing business, particularly the car and renewable power sectors, as corporations slowed down fixed-asset investments amid elevated stress on profitability.
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The lower-than-expected quantity of commercial robotic gross sales marks the primary decline since 2020, based on GGII knowledge. The institute beforehand forecast a report 320,000-unit gross sales this 12 months.
“Industrial robotic producers are experiencing a take a look at of survival,” the report mentioned. It identified that the sluggish demand has led to a value battle within the business.
A robotic arm from Siasun Robotic & Automation, considered one of China’s largest industrial robotics corporations, is on show at a latest version of the nation’s World Clever Manufacturing Convention. Photograph: Shutterstock alt=A robotic arm from Siasun Robotic & Automation, considered one of China’s largest industrial robotics corporations, is on show at a latest version of the nation’s World Clever Manufacturing Convention. Photograph: Shutterstock>
This 12 months’s gross sales decline has additionally come at a time when China already surpassed Germany and Japan within the adoption of commercial robots.
Development in home demand for industrial robots has step by step slowed over the previous few years. Gross sales noticed a 54 per cent surge in 2021, when China began to double down on the adoption of commercial robots.
That development, nonetheless, considerably decreased to 16 per cent and 4.3 per cent in 2022 and 2023, respectively, owing to the impression of Covid-19-related restrictions and world geopolitical headwinds.
Whereas the decline in orders has turn into “a typical downside within the business”, overseas industrial robotic distributors on the mainland are having a harder time, as quarterly order volumes of some suppliers have fallen by greater than 40 per cent from a 12 months in the past, based on the GGII report.
Demand for industrial robots, from each home and overseas suppliers, surged in 2021 when China began to ramp up adoption in its manufacturing business. Photograph: Shutterstock alt=Demand for industrial robots, from each home and overseas suppliers, surged in 2021 when China began to ramp up adoption in its manufacturing business. Photograph: Shutterstock>
