Market Size Of Industrial Robot In China


China has the largest industrial robot market in the world since 2013, and its share continues to expand. The demand for replacing manpower with robots is increasing and will be to grow rapidly. According to the report of International Robotics Association, in 2017 to 2020, the annual average sales volume of robots in China will be 148,000 units, with a compounded annual growth rate of 21%. The global market share of Chinese robot is expected to rise from 27% in 2015 to 39% in 2019. It will be a good chance for foreign startups to start business in China.

Sales of Industrial Robots in China


Sales Proportion of Industrial Robit in China in 2019

According to the statistic from GGII, the automobile industry is the most widely used industry of industrial robot in 2016, accounting for 38%. Followed by 3C, metal manufacturing, plastic and chemical products, food and tobacco and beverages, accounting for 21%, 15%, 8% and 1% respectively.

Domestic Brand Market Share

Downstream Application Field

In 2015, the sales of Chinese industrial robots reached 68,600 units, of which 20,400 were made in China and 48,100 were imported, homemade increased by about 6% compared with 2013. With the rise of domestic robot enterprises, the market share of domestic brands is expected to be further improved.

评论

发表评论

此博客中的热门博文

Complete Guide to Perform Competitive Analysis When You Start Business in China

图片
There is no doubt that you have to spend time on competitor analysis if you care about your business. Doing this, you may realize many things that you didn’t realize before about the market in which you are entering. The China market is favorable in terms of its great opportunities and fierce competitions. If you’re going to start business in China , then you need to analyze your future competitors all the more in order to know how do they do their business and what they are focusing on. What is Competitive Analysis A competitive analysis is a research made in order to better understand the competitive landscape and estimate opportunities, weaknesses, threats and strengthens of competing industry players, to optimize future business activities and utilization, such as marketing, product, sales or alike. The trick of competitive analysis is to find the tactics and methods that are used by your competitors. Why Competitive Analysis Always Matters Competitive Analysis is quite i
阅读全文

5 Common Challenges for Foreign Startups to Start Business in China

图片
It's a dream for nearly any foreign startups to enter China market. The country's massive population of more than 1.3 billion, of which 730 million are currently connected online, is attractive to almost any enterprise looking to expand and scale. But, China is a unique market that the way it worked in another country may not work here. So it makes it hard foreign startups to start business in China as they must redesign a solution that’s localized for its own demographic. And below are some common challenges foreign startups may face when starting business in China. Not Understanding the Market as Locals Product and market strategy often depends on intuition about the way users or clients will react or behave, but foreigners don't have such intuition, even if they can speak the language. Staying in touch with the market is becoming increasingly important, and they are getting out of touch by being abroad. So foreign startups have a competitive disadvantage whe
阅读全文

How Startup Companies Reach Investors in China?

图片
In the process of looking for investors, how to choose and how to contact with them it is extremely important. For starters who know little or have no idea about fundraising, who and which approach for them to look for investors to start business in China ? In general, the channels to reach investors are mainly in the following 3 ways. Recommended by Friends No matter in what time, friend recommendations seem to be a fast and efficient way to reach high quality investors. For investors, they are more willing to invest in projects that are recommended by friends, because personal factors such as trust and relationship come into play,but whether they are suitable for each other still depends on the specific circumstances of both the startups and the investors. Relatively speaking, this is the fastest channel, but in fact, it is very hard for foreign startups to have such a network of resources in China, and the matching rate is not high. Media Exposure and Entrepre
阅读全文