IHS China's manufacturing overcapacity hinders the

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IHS: overcapacity in China's manufacturing industry hinders the growth of the industrial robot market

on April 20, 2016, according to the statistics of IHS, the world's leading market research and important insight provider, the market value of China's industrial robots reached US $1.3 billion in 2015, and will maintain a compound annual growth rate (CAGR) of 20%, reaching US $3.3 billion by 2020. In 2015, the sales revenue of industrial robots in China accounted for 13% of the world, and will reach 25% by 2020

mr. mark Watson, senior manager of IHS technology's manufacturing technology department, said that the recovery of the manufacturing industry will bring billions of dollars of development opportunities to the industrial robot market. Labor intensive industries are increasingly inclined to automated production, especially in the Asia Pacific region, where labor costs are rising rapidly. Labor shortages lead to wage increases, which in turn reduces the potential investment income of many end users

after 2018, with the technological optimization process of end-user factories, the utilization rate of manufacturing capacity will increase, the application rate of industrial robots will increase, and the product price will decrease. With the increasing labor costs, low commodity prices, and fierce competition with other low manufacturing cost regions, the application of industrial robots will be further expanded. Under the 13th five year plan, due to direct credit and tax relief, enterprises can increase investment in robots, which is conducive to the growth of the industrial robot market

however, according to the latest research of IHS industrial robot market intelligence service, under the circumstances of uncertain short-term economic expectations in China, overcapacity has occurred in many industries, especially heavy industry, which will limit the growth of the industrial robot market. In this case, there is little need for enterprises to improve productivity, so it is unlikely to install industrial robots on a large scale. On the contrary, they prefer to hire temporary workers because it is more flexible and less capital intensive for local enterprises. However, as China's economy continues to transform into a service-oriented economy, the problem of labor shortage will become more and more obvious

Mr Watson believes that enterprises need production flexibility and determined production efficiency, which lays the foundation for the application of industrial machinery in Nanjing in 2017, which has set a work target of "70% of the days with good air quality". After using robots, the distinction between the two can also refer to the relevant distinction of the electronic universal experimental machine. Enterprises can easily adjust the production level and manufacturing process, and the software interface has three languages of simplified Chinese, traditional Chinese and English to save labor costs and reduce the dependence on temporary workers

in 2015, foreign brands accounted for more than 80% of the total sales of industrial robots in China. These foreign brands occupy a leading position in China's robot market. They have established cooperative relations with leading domestic manufacturers to provide high-quality software, hardware and support services

Mr Watson believes that the main competitors in China's industrial robot market have invested a lot of money in R & D to develop products with collaboration and deep learning capabilities, improve their AI level and develop other emerging technologies, so as to ensure that they occupy a favorable position in the industry competition. Therefore, local suppliers in China are facing fierce competition for market share. The test speed is fast, and the test piece is placed vertically on the torque plate during measurement

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