2019 China Industrial Robotics Industry In-depth Report: Industrial Robot Production Reached 261,000 Units

According to the National Bureau of Statistics, China's industrial robot production grew from 12,050 units in 2014 to 147,682 units in 2018, with a compound growth rate of 87.1%. Since March 2018, due to external environmental impacts such as trade frictions between China and the United States, tariffs in China's export sector have increased and the automotive and 3C electronics industries, the two applications with the greatest demand for industrial robots, have experienced a decline in business climate, resulting in insufficient incentives for industrial robot production growth. In the future, with the application of 5G technology, 3C electronics industry will usher in a new round of development opportunities, automation and transformation will accelerate the pace of industrial robot demand will be further increased, thereby driving the further growth of China's industrial robot production, is expected to reach about 261,000 units by 2023.