CNSTANDARDS reports that the global robot market is expected to reach 29.41 billion US dollars in 2019, and the Chinese robot market is expected to reach 8.68 billion US dollars. In the first half of 2019, the global robot market reached 14.4 billion US dollars, of which China’s robot market reached 4.25 billion US dollars.
The global robot market is expected to reach 29.41 billion US dollars in 2019, including 15.92 billion US dollars for industrial robots, 9.46 billion US dollars for service robots and 4.03 billion US dollars for special robots. The global robot market grew by an average of 12.3% in 2014-2019.
China’s robot market is expected to reach 8.68 billion US dollars in 2019, including 5.73 billion US dollars for industrial robots, 2.2 billion US dollars for service robots and 750 million US dollars for special robots. From 2014 to 2019, the average growth rate of China’s robot market reached 20.9%.
China has become the world’s largest application market for industrial robots for seven consecutive years. China’s demand for service robots has great potential, and the application scenario of special robots has expanded significantly.