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China Has Become The Dominant Force in The Industrial Robot Market

Jan 22, 2024

It is also an important sign to measure the level of manufacturing and science and technology in a country.
China's industrial robot development has ushered in policy support and market opportunities
Industrial robots are widely used in consumer electronics, automobiles, metal products and other fields, and with the rise of the new energy industry, it has gradually expanded to lithium, photovoltaic and other industries.
In order to promote the development of industrial robots, the state frequently introduced industrial policies and gave strong support.
Definition and classification of industrial robots
Industrial robot refers to a multi-joint manipulator or a multi-degree of freedom machine device for the industrial field, which can automatically perform work and achieve various functions by relying on its own power and control ability.
Different from traditional industrial robots, collaborative robots break the traditional limitations in the industrial scene, there is no need to set the isolation barrier between the robot and the worker, and the two sides can carry out close interaction in the common space to achieve collaborative work. At present, China's collaborative robots are in the rapid introduction stage, which can meet the application needs of multiple scenarios in industry and service, and have a broad market space.
The global industrial robot market is growing steadily, with China dominating the market
China is currently the world's largest industrial robot market, and the proportion of the market to the global scale is rising.
The localization of industrial robots has broad prospects, and important merger and acquisition financing cases have increased
With the intensification of market competition, industrial robot manufacturers need to enhance their competitiveness to achieve long-term development. Although some product segments are still in the stage of rapid development, as industry guidance and capital help new competitors continue to join, the original competitors continue to force, while the product penetration rate rises, and the market size growth rate slows down.

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