BEIJING, Aug. 17, 2018 /PRNewswire/ -- HIT Robot Group
("HRG" or "the Group"), one of China's leading robot
manufacturers, presented the Analysis Report on Robot Industry
in China 2018 alongside its new "Robotics
Biosphere" business model during the World Robot Conference 2018, held
from August 15-19 in Beijing.
Jointly conducted and produced by HRG, the China Institute of Science and Technology, and HIT Insights, the analysis report showed the latest trends and challenges of the robotics industry in China. The report evaluated the status of the country's supply chain, highlighted obstacles, and predictions on potential future developments. The report aims to support industry leaders, startups and investors to make better-informed decisions in a fast-paced, dynamic industry.
Under the national strategic plan "Made
in China 2025," the market scale of the
Chinese robotics industry has rapidly expanded. In 2017, China's robotics industry reached
a market scale of RMB 120 billion (approx. US$17.44 billion)
with a 25.4 per cent year-on-year
increase; a world-leading growth rate, as suggested by the
"Our newly-released report highlights the problems we are facing
in the industry and the trends we see now," said Zong
Xiao, Senior Vice-President of HIT Robot Group, in a keynote speech at the
conference. "The products and robotics solutions we brought
here today are designed to alleviate some
of those problems and those we've seen from
first-hand experience," he said.
The report predicts that the
industry will see more technological
breakthroughs as the market continues to
accelerate. Industries of note included the logistics,
educational, and medical sectors where the demand for robotics
solutions remains high.
In a bid to further act on market trends and support enterprises within the industry, HRG has established the "Robotics Biosphere". A new business model and comprehensive set of services for companies at various business stages. The innovative new model provides a full-industry chain service, from research to core product development, incubation and to-market strategy, helping convert technological R&D breakthroughs into profitable enterprises.
"We've established several institutes
across China to develop robots across different sectors, incubate
startups, and facilitate companies to sustain their business,"
said Zong. "We've been making efforts to provide a platform for players
in the robotics industry, with a focus on R&D, startup
incubation, talent cultivation and market investment," he
To date, HRG has six institutes operating in six cities, with three institutes under construction. Each institute has a specific focus developing solutions for different markets, including smart factories, industrial robots, service robots, entertainment robots, and customized robotics.
During the conference, the Group also displayed over 50 cutting-edge
products and signed several partnerships with participating manufacturers,
A conference first, a one-stop platform developed by HRG that
provides solutions and integrates information of government policies, industry
trends, manufacturing campuses, funds, and more.
Bang Bang caught the eye of several manufacturers with HRG's
subsidiary, Hechao(Shanghai) Information Technology
Co.,Ltd., inking partnership agreements with KUKA
and Kinova during the event.
intelligent robot bartender, dubbed "SuperMix", the first
of its kind in China, able to make a cocktail within a
minute, and customize drinks based
on customers' preferences.
3.Intelligent Robotic Cloud: A system that syncs to HRG's cloud service as it collects and analyzes real-time data on factory production lines, enabling operators to monitor, control and resolve issues swiftly.