NEWS

Chinese industrial robot market dynamics

2024-12-29

      According to the report of Sina Finance, in 2024, China's industrial robot market is under pressure from fierce competition, the price war is intensifying, product homogenization is serious, and the growth rate of downstream demand is slowing down. Nevertheless, the industry is still exploring a breakthrough path, from policy dividends to technological innovation, from domestic substitution to product upgrades, leaving hope for the future. Data show that the sales volume of industrial robots in China in 2024 is about 300,000 units, down about 5% year-on-year.