China is now the world's largest robot market. From January to October, China produced 298,000 sets of industrial robots, up 51.9 percent year on year. Advanced manufacturing, represented by industrial robots, is becoming a new driving force for China's economic growth. Only eight years ago, China's domestic industrial robot enterprises were still stuck by core technologies, hampered by foreign technologies, and struggling between costs and profits.
On the other hand, driven by the demand of medical care, education, public service and other fields, China's service robots have released huge market potential and development space, and all kinds of service robots are increasingly infiltrating into every aspect of our lives.
Relevant data show that since 2016, the annual average growth rate of the global service robot market has reached 23.8%; China's service robot market is expected to reach 30.26 billion yuan in 2021, faster than the growth of the global service robot market.
It is worth mentioning that China's service robots have achieved "parallel running" or even "leading" with foreign countries in many product technologies, and gradually emerge and go abroad. According to the Chosun Ilbo, more than 70 percent of service robots in South Korea are made by Chinese companies. In addition, "Made in China" service robots have also started to appear frequently in Malaysia, Singapore and other countries, and are widely praised.
It is not hard to see that more and more Chinese service robots are occupying a leading position in foreign markets with higher cost performance, and China has become the backbone to support the development of the world robot industry. Made in China, rise!
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