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The rise of domestic brands in industrial robots is accelerating the process of import substitution for industrial robots and RV reducers.
Release time:
2024/11/22
In recent years, benefiting from the release of downstream demand and the expansion of application fields, as well as support from industrial policies and collaborative efforts among government, industry, academia, and research, the primary goal of industrial robot R&D in our country has been to break through key core technologies. Domestic manufacturers are continuously overcoming technical challenges related to core components such as reducers, with their technical strength and core competitiveness steadily improving. The gap in product performance compared to leading foreign levels is gradually narrowing, and the trend of domestic production of industrial robots and precision reducers is becoming increasingly evident. In the Chinese industrial robot market, domestic independent brands are rapidly rising, and the process of import substitution is accelerating. With breakthroughs in key technology, improvements in the key performance of domestic robots, and the optimization of the supply chain system, domestic industrial robot manufacturers have seized market opportunities for rapid growth in recent years. According to MIR statistics, the localization rate of industrial robots in China increased from 24.2% in 2017 to 35.7% in 2022, and further increased to 45.1% in 2023. At the same time, the industrial robot reducer industry, including RV reducers, has entered a rapid growth channel, with the localization rate of the domestic RV reducer market rapidly increasing. As domestic RV reducer manufacturers enhance their technical strength and product performance, gradually release production capacity, and highlight pricing and cost-performance advantages, leading domestic industrial robot manufacturers are also rapidly increasing the localization rate of RV reducer procurement due to considerations of supply chain security and stability, procurement costs, and procurement cycles. Domestic industrial robot reducers have significant growth potential and market space. For more industry research analysis, please refer to the official website of Sihan Industry Research Institute, which also provides industry research reports, feasibility reports (project approval and filing, bank loans, investment decisions, group meetings), industrial planning, park planning, business plans (equity financing, investment and joint ventures, internal decision-making), special research, architectural design, overseas investment reports, and other related consulting service solutions.
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