China industrial robot gross sales are anticipated to report their first decline in 5 years amid sluggish demand within the manufacturing industryreveals new market analysis.
The nation’s complete industrial robotic shipments this 12 months are anticipated to achieve 300,000 models, down 5% from 2023, based on the newest report from market consultancy Shenzhen Gaogong Industrial Institute (GGII).
This decline was attributed by the report back to the “apparent tightening of demand” from the manufacturing trade, significantly from automobile And renewable energy sectors, as firms have slowed their investments in fastened property in a context of elevated stress on profitability.
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Decrease-than-expected industrial robotic gross sales quantity marks the primary decline since 2020, based on GGII knowledge. The institute beforehand forecast report gross sales of 320,000 models this 12 months.
“Industrial robotic makers face a check of survival,” the report mentioned. He identified that sluggish demand had led to a worth conflict within the trade.
A robotic arm from Siasun Robotic & Automation, one in every of China’s largest industrial robotics firms, is on show at a current version of the nation’s World Clever Manufacturing Convention. Picture: Shutterstock alt=A robotic arm from Siasun Robotic & Automation, one in every of China’s largest industrial robotics firms, is on show at a current version of the nation’s World Clever Manufacturing Convention. Picture: Shutterstock>
This 12 months’s gross sales decline additionally got here at a time when China has overtaken Germany and Japan in the adoption of industrial robots.
The expansion in home demand for industrial robots has step by step slowed lately. Gross sales noticed a 54% enhance in 2021, as China started doubling its adoption of commercial robots.
This development, nevertheless, has declined considerably, falling to 16 p.c and 4.3 p.c in 2022 and 2023, respectively, because of the influence of the disaster. Covid-19 restrictions and world geopolitical headwinds.
Whereas falling orders have develop into “a typical downside within the trade”, overseas sellers of commercial robots on the continent are dealing with a harder time, as quarterly order volumes from some suppliers have fallen by greater than 40 p.c in comparison with final 12 months, based on the GGII report.
Demand for industrial robots, from home and overseas suppliers, surged in 2021 as China started to speed up its adoption in its manufacturing trade. Picture: Shutterstock alt=Demand for industrial robots, from home and overseas suppliers, surged in 2021 as China started to speed up its adoption in its manufacturing trade. Picture: Shutterstock>
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