Transferred from: Prospective Industry Research Institute

Major listed companies in the industry: Eston (002747.SZ), Robotics (300024.SZ), Topstar (300607.SZ), EFORT (688165.SH), Inovance Technology (300124.SZ), Ecovacs (603486.SH), Roborock (688169.SH), Nine Company (689009.SH), TINAVI (688277.SH), etc

The core data of this paper: the number of registered robot manufacturing enterprises; cumulative output of industrial robots; Cumulative production of service robots

Diversified competition situation of robot manufacturers

In the competitive landscape of the robot industry, various subdivisions show a diversified competitive situation. Among them, the industrial robot industry can be divided into three competitive echelons according to the market share of enterprise shipments. Among them, the first echelon is dominated by foreign-funded industrial robots, including ABB of Switzerland, Kuka of Germany, Fanuc of Japan and Yaskawa Electric, etc., and domestic enterprises include Inovance, Eston, Efort, etc.; The second-echelon companies include Yamaha, Xinshida, Kaierda, etc.; The market share of the third echelon enterprises is low, including Nanjing Panda, Qianjiang Robot, Guangzhou CNC, etc.

There

are a wide range of personal/household robot products, including home companion robots, cleaning, education, home housekeeping, etc. From the perspective of the competitive landscape, the market pattern of active enterprises is mainly divided into three echelons, the first echelon mainly includes professional service robot companies such as Ecovacs, Roborock, Cloud Whale Intelligence, etc., and the product types of enterprises involve robots such as family companionship, indoor cleaning, children's education, and learning; The second echelon mainly includes cross-border giants such as Xiaomi, Haier, and Midea, involving family companionship/education guardianship/indoor cleaning robots, etc.; The third echelon is represented by Xiaoyi Robot, Lecheng, Babateng and other enterprises.

From the perspective of the competition pattern of special robots, the competitive enterprises in the industry can be mainly divided into large-scale listed groups and professional special robot manufacturers. Among them, large-scale listed groups include CITIC Heavy Industries, Gaoxincn, China Southern Power Grid Technology, Yijiahe, Saiwei Intelligence, Dali Technology, Jingpin Special, Jingye Intelligence, etc.; Professional special robot manufacturers include Bowei Medical Robot, Betel Robot, Langchi Xinchuang, Finyuan Technology, Bomingwei, Bozhilin, Xunjiean, etc. On the whole, large listed groups have a stronger scale advantage and are more likely to build a complete product matrix, while professional special robot manufacturers have a higher degree of business focus and more concentrated special robot products.

The market share of domestic robots is gradually increasing

Although China's robot market is still dominated by foreign-funded brand robots, in recent years, with the rapid development of China's robotics field, the market share of China's own brand robots is gradually increasing, and the gap with foreign-owned brand robots is gradually narrowing. According to MIR data, in the first three quarters of 2024, the market share of domestic manufacturers increased to 51.6%.

In addition, in the first three quarters of 2024, 10 domestic robot companies in China's industrial robot market will be shortlisted in the TOP20, of which 4 will be in the TOP10 ranks, namely Eston, Inovance Technology, EFORT, and Xinshida.

Note: The first three quarters of 2024.

For more research and analysis of this industry, please refer to the "China Robot Industry Market Prospect and Investment Strategic Planning Analysis Report" of the Prospective Industry Research Institute

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