Description
The market value of domestically produced industrial robots in China is compiled and published by the China Robot Industry Alliance (CRIA). This indicator measures the total market value of industrial robots manufactured within China and is commonly used to observe the development and competitiveness of China's industrial automation sector. A higher market value indicates stronger industry growth and technological advancements, whereas a lower market value may suggest a slowdown in industry development or a decline in demand.
Broadly speaking, an industrial robot is an automatically controlled, reprogrammable, and multifunctional manipulator or multi-joint robot used in production activities. It can perform various tasks in industrial automation, either in a fixed position or with mobility.
The market value is calculated based on the total revenue generated from the sales of domestically produced industrial robots in China, covering all types of industrial robots used in various manufacturing processes.
This data is updated quarterly, providing insights into the market performance of the previous quarter.