Of course, industrial robots are still a promising track. Thanks to the continuous increase in the level of digitalization, automation and intelligence in the production process of the manufacturing industry, the development level of intelligent manufacturing has steadily improved. Despite the overall slowdown in the growth rate of the global industrial robot market, there are still many Chinese industrial robot companies that can maintain high sales growth.

IC693DNM200-BD MIR Rui Industry statistics of the TOP20 industrial robot manufacturers in China’s industrial robot market in 2023, of which 3 domestic manufacturers entered the TOP10, respectively, Eston, Huichuan, Efte. In addition to these three, there are seven domestic manufacturers into the top 20. At the same time, China has become the world’s largest industrial robot market, accounting for more than half of global sales.

MIR Rui Industry expects that in 2024, the year-on-year growth rate of China’s industrial robot market is expected to reach about 5%-10%. In the medium and long term, industrial robots are still automation products in the growth stage and are expected to continue to maintain double-digit growth in the next few years. Among them, the domestic head manufacturers have continued to expand in the past two years, and the sales of industrial robots in the first quarter of 2024 increased slightly by about 4.8% compared with the same period last year, but the market share of domestic brands increased by 8% to 48.8%.

In the future, the growth driver of the industrial robot industry is the improvement of automation in the downstream industry, including capacity improvement and renewal. Including the introduction of relevant policies to support equipment renewal and the replacement of consumer goods with old ones, automation and intelligence are the main direction of equipment renewal, and are also the embodiment of establishing new quality productivity. For domestic brand robot manufacturers, domestic substitution is the current development trend.

IC693DNM200-BD Finally, the manufacturing industry through the deployment of industrial robots to promote production automation, digitalization and intelligent upgrading has become the main theme, and with the promotion of new quality productivity, it will further drive the process of industrial automation. To this end, the demand for intelligent manufacturing in industrial enterprises is increasing. As manufacturing enterprises promote intelligent manufacturing upgrades characterized by digitalization and intelligence, it is expected to open up space for performance growth for manufacturers on the track.

For Eston, has 87 types of industrial robot products, widely used industries including photovoltaic, lithium, new energy vehicles, metal processing, electronics, automotive and auto parts industry and other general industries, for manufacturing enterprises to achieve cost reduction and efficiency at the same time, will also obtain more market share and improve efficiency.