China’s smart service robot market is forecast to reach 73.5 billion yuan (US$10.8 billion) in 2023, up nearly 60% from 46.7 billion yuan in 2021, a recent study found.
The study, released by askci, a private industry think tank, looks at China’s smart service robotics by five categories — education, logistics and mobility, rehabilitation and senior care, sweeping and cleaning, and meal delivery — and presents a market outlook on the sector in 2023.
Of all, China’s education robot market is predicted to grow at a CAGR of 39.9% from 2.3 billion yuan in 2021 to 3.3 billion yuan in 2023.
From 2017 to 2021, the size of the country’s smart logistics and mobility robots market recorded a sixfold increase from a mere 1.5 billion yuan in 2017 to 8.9 billion yuan in 2021, averaging a CAGR of 56.2%.
Going forward, with the development of logistics and automated warehousing, demand for intelligent logistics and mobility robots will remain robust, propelling the market to hit 18.8 billion yuan in 2023, says the report.
Another area highlighted in the study is the rehabilitation and senior care robot industry, which rocketed by a CAGR of 62.7% to 1.4 billion yuan in 2021 from a paltry 200 million yuan in 2017.
Spurred by technological advances, rehab robotics is poised to become further commercialized, with the market expected to double to 2.7 billion yuan in 2023.
The sweeping and cleaning robot market has commanded a sizeable portion of attention with its high-flying performance over the past few years. It nearly tripled in size from 4.4 billion yuan in 2017 to 12.1 billion yuan in 2021, averaging a CAGR of 28.8%.
Multiple technical breakthroughs in this space have enabled a number of solution providers to enhance user experience and customer satisfaction, paving the way for a market boom. This segment is projected to leap to 18.1 billion yuan in 2023.
Thanks to China’s burgeoning takeaway market, meal delivery robots contributed to a market worth 600 million yuan in 2021, and it is anticipated to quadruple to 3.2 billion yuan in 2026.
The study attributed the expansion of the service robot sector to a string of favorable policies. For one, the Ministry of Industry and Information Technology released on January 18 an action plan entitled “robot plus” in collaboration with 16 other ministry- and commission-level departments, aimed at encouraging the adoption of robotics in various scenarios and promoting the development of the industry.