With the gradual recovery of downstream manufacturing demand and the continuous expansion of new application scenarios, overseas demand shifts after the superimposition of the epidemic, the prosperity of the domestic manufacturing industry continues to increase, and the industrial robot industry is expected to usher in high growth. In 2020, the domestic production and sales of industrial robots were 237,000 and 170,000 units, an increase of approximately 27% and 21% respectively year-on-year. Due to the impact of the epidemic, the sales end of industrial robots lags behind the production end, but the long-term growth of the industry is more certain.
With the fading of the domestic demographic dividend, labor costs have accelerated, and with the transformation of domestic manufacturing, the domestic manufacturing industry is gradually developing from a labor-intensive industry in the past to a technology-intensive industry, and the demand for industrial automation is accelerating. Domestic robot companies are experiencing the best era, with high industry growth and large domestic substitution space. The scale effect is expected to form a positive feedback to domestic brands and accelerate the formation of a global giant in industrial robots.