Can The Prospects Of China's AGV Market Continue To Improve?

At present, China's AGV industry has achieved large-scale localization. Different from other industrial robot markets where foreign brands dominate, the Chinese product brands in the AGV robot market have an absolute lead. According to public information, the 17 AGV companies with market sales exceeding 100 million in 2018 are all domestic brands, and the market share of foreign brands is basically negligible. The main reason for such a high degree of localization is the high cost performance. Behind the ability to achieve low prices is the effective innovation of technology and the rapid improvement of the industrial chain.

In recent years, the upstream and downstream of the AGV industry chain have achieved rapid growth. At present, a number of excellent spare parts suppliers have emerged in the domestic AGV industry chain, and they are constantly growing. A high degree of market recognition and completeness of the industrial chain will become the basic guarantee for effectively promoting the rapid development of China's AGV industry.