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IDC: In 2021, The Scale Of China's Commercial Service Robot Market Will Increase By 110.4% Year-on-year

Jun 21, 2022

On June 16, Capital State learned that according to IDC's latest report on market share of Commercial service robots in Chinese Catering Industry, the market size of Commercial service robots in China in 2021 will reach 84 million US dollars (about 540 million yuan), with a year-on-year growth rate of 110.4%, showing an outbreak trend.


According to the report, the service robot market for food and beverage industry delivery scenarios has developed rapidly in the past two years, benefiting from factors such as contactless delivery and rising labor costs. In the future, refined operation, pan-catering and overseas business will become an important direction for the next development of the market.


In 2021, China's catering industry commercial service robot market, capital increased investment, a number of companies have announced to obtain 100 million yuan of financing, many financing has reached C, D round, IPO is in sight. In the field of catering robots, Optimus Intelligence obtained D round financing of more than 1 billion YUAN, and Purdue Technology obtained C+ round financing of hundreds of millions of yuan.


Due to the epidemic situation and other factors, leasing mode with less cash occupation is favored by more catering enterprises and has become a more popular business model. Leasing mode accounts for more than 60% of the revenue of some manufacturers. With the popularity of leasing mode, the business model of robot manufacturers is shifting from selling products to selling services, which promotes manufacturers to increase investment and layout in service and operation capacity.


In addition, by the end of 2021, the penetration rate of robots among first-tier and second-tier key cities, chain brand restaurants, hot pot brands and other early market customers with high acceptance of service robots has reached a relatively high level, showing a significant slowdown in growth. Third - and fourth-tier cities, as well as more traditional Chinese and western food and beverage brands, independent restaurants and other broader markets, it is more difficult to expand, to refine product categories, improve the level of operation put forward greater challenges.


IDC believes that with the gradual liberalization of overseas epidemic prevention and control and high labor costs, the demand for catering service robots in overseas markets has significantly increased, and manufacturers' overseas business has achieved explosive growth. The overseas market scale of some manufacturers has surpassed the domestic market. The overseas catering service robot market is becoming a new blue ocean, and the leading manufacturers are focusing on the layout.


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