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According to reports, since the fourth quarter, the output and orders of Industrial Robots have rebounded significantly, and the growth of downstream demand has made some enterprises full of production capacity. The orders in hand have been scheduled until the beginning of next year. More than doubled in half a year.

Now that the epidemic continues, infrastructure investment is gradually saturated, export market uncertainty is increasing, and real estate investment is sluggish, increasing investment in manufacturing has become the key to stimulating corporate confidence and supporting economic development.

Both production and sales of industrial robots have grown

Recently, as the impact of the epidemic has weakened, my country’s industrial robot industry has gradually recovered, and the output in September has returned to positive growth. Data show that in September, my country’s Industrial Robot output reached 43,000 units, a year-on-year increase of 15.1%, and a month-on-month growth rate of 4.2%. , signs of improvement are evident.

This recovery trend also continued to the fourth quarter. In October, the domestic industrial robot output reached 39,000 units, a year-on-year increase of 14.4%; from January to October, the domestic industrial robot output was 362,568 sets, and the cumulative output year-on-year growth rate was -10.5% in August. Pulling up to -3.2%.

In terms of sales volume, in the third quarter of 2022, China’s industrial robot market shipped more than 70,000 units, a year-on-year increase of more than 20%; in the first three quarters, industrial robot shipments were around 202,000 units, and overall it continued to grow.

Entering the fourth quarter, the improvement trend of the industrial robot market will continue to strengthen. The latest data released by the Bureau of Statistics shows that in October, the added value of industrial enterprises above designated size actually increased by 5.0% year-on-year and 0.33% month-on-month. From January to October, the added value of industries above designated size increased by 4.0% year-on-year.

In terms of industries, in October, the added value of 26 of the 41 major industries maintained a year-on-year growth. Among them, the general equipment manufacturing industry increased by 2.0%, the special equipment manufacturing industry increased by 3.0%, the automobile manufacturing industry increased by 18.7%, the electrical machinery and equipment manufacturing industry increased by 16.3%, the computer, communication and other electronic equipment manufacturing industry increased by 9.4%. The production and supply industry increased by 4.1%.

Industrial Robot Application Industry Situation

From the perspective of application industry, the sales growth of industrial robots is still driven by the demand of emerging industries such as new energy vehicles, lithium batteries, photovoltaics, semiconductors, and medical care. 3C electronics and general industries are still at a low ebb. However, there have been some changes in the 3C electronics industry recently. It may have an impact on the industrial robot market in the fourth quarter and next year.

Nowadays, new energy vehicles are undoubtedly the growth engine of the automotive industry. In the first three quarters, China’s new energy vehicle production grew by 120% year-on-year. As the largest market for industrial robot applications, it will undoubtedly drive the growth of the entire industrial robot market.

Thanks to the pulling effect of new energy vehicles, the growth rate of fixed investment in the automobile manufacturing industry in the first three quarters reached 19.2%, nearly twice the growth rate of national manufacturing investment.

Entering October, the production and sales of new energy vehicles continued to maintain rapid growth. In October, the production and sales of new energy vehicles completed 762,000 and 714,000 units respectively, a year-on-year increase of 87.6% and 81.7% respectively, and the market share reached 28.5%. From January to October, the production and sales of new energy vehicles were 5.485 million and 5.28 million respectively, an average increase of 1.1 times year-on-year, and the market share reached 24%.

In the traditional 3C electronics industry, due to the uncertainty of economic growth, consumption continues to weaken, and upstream investment has also declined. The growth rate of investment in the first three quarters fell by 4.5% year-on-year, which also led to a positive turn for the growth of industrial robots in the industry. burden.

However, the consumer electronics industry seems to be picking up in the fourth quarter. For example, the year-on-year growth of smartphone production in October turned from negative to positive. The speed directly expanded by 6.5 percentage points.

Emerging industries such as semiconductors, photovoltaics, and medical care are another major driving force for the growth in demand for industrial robots. In the first half of this year, domestic new photovoltaic installed capacity was 30.88GW, an increase of 137% year-on-year, and the demand for industrial robots increased sharply; in the semiconductor industry, the growth rate of industrial robots in the first half of the year exceeded 35%, and the demand for industrial robots under the continuous high prosperity of the industry Demand will also continue to grow.

General industry Due to factors such as the epidemic, macroeconomic downturn, rising commodity prices, and export obstruction, the downstream market is still sluggish, and the demand for industrial robots is lower than expected.

In general, the industrial robot market in the first three quarters was mainly driven by demand from new energy vehicles and emerging industries, and 3C electronics seemed to show signs of recovery in the fourth quarter. Under the combined effect, it is expected that the production and sales of industrial robots in the fourth quarter will be better than expected.