Introduction: Since the beginning of this year, the new energy vehicle industry has accelerated the expansion of production, and the upstream and downstream of the industry have become more dependent on automated production and manufacturing. According to industry insiders, the market demand for industrial robots is improving. With the continuous improvement of technical capabilities and product quality, the market size of industrial robots is expected to continue to increase.
Recently, listed companies in the industrial robot industry such as Meher and Eft have intensively received major orders for automotive automation production lines. Since the beginning of this year, the new energy vehicle industry has accelerated the expansion of production, and the upstream and downstream of the industry have become more dependent on automated production and manufacturing. According to industry insiders, the market demand for industrial robots is improving. With the continuous improvement of technical capabilities and product quality, the market size of industrial robots is expected to continue to increase.
The good news of winning the bid is frequent
On October 13, Meher announced that the company had received 3 “Notices of Winning Bid” from BYD, confirming that the company had become the winning bidder for 3 projects. 50% of the audited operating income in 2021.
On October 10, SINOMACH announced that its wholly-owned subsidiary, China Automobile Engineering Co., Ltd., recently won the bid for the second-phase lower body project of Chery Super No. The company will be responsible for all equipment including design, manufacture, installation, commissioning, training, etc. China Automotive Engineering is a system solution provider in the direction of “overall planning” and “digital workshop integration” for intelligent manufacturing , and can also process and manufacture lightweight magnesium and aluminum alloy automotive body structures and engine components. The announcement shows that the winning project will enhance the influence of the company’s welding business in the automotive engineering industry, and will have a positive impact on the company’s operating performance.
In addition, Eft announced that Autorobot, a subsidiary of the company, has recently received FCA Italy SpA, a subsidiary of Stellantis Group, the world’s fourth largest automobile manufacturer, about two models of pure electric vehicles and plug-in hybrid vehicles at the Melfi plant in Italy. The total project value of the purchase orders for the front body, rear body and underbody production lines is estimated to be about 254 million yuan, accounting for 22.14% of the company’s audited operating income in 2021.
Strong market demand
In recent years, the scale of China’s industrial robot market has grown rapidly, ranking first in the world’s largest industrial robot market. Data from the Ministry of Industry and Information Technology shows that in 2021, the operating income of the entire robot industry will exceed 130 billion yuan. Among them, the output of industrial robots reached 366,000 units, an increase of 10 times over 2015.
The “China Robot Industry Development Report (2022)” organized by the Chinese Institute of Electronics shows that robots and automation have become an integral part of modern manufacturing in the past few years, with manufacturers integrating robotic systems in production facilities to increase production capacity , improve profit margins and reduce operating costs. Huaxi Securities believes that the automotive industry has become a key area for industrial robot applications. The sales growth rate of new energy vehicles exceeded expectations, and the market demand for robots maintained a positive trend.
Statistics from the Passenger Car Association show that the retail sales of the passenger car market in September reached 1.922 million units, an increase of 21.5% year-on-year and a month-on-month increase of 2.8%; the wholesale sales of passenger car manufacturers nationwide was 2.293 million units, an increase of 32.0% year-on-year and 9.4% month-on-month. .
Driven by the strong demand from industries such as new energy vehicles, related listed companies ushered in performance growth.
On October 11, Shuanghuan Transmission, a leading industrial robot and automation company, disclosed its performance forecast for the first three quarters. It is expected that the net profit attributable to the parent in the first three quarters will reach 391 million yuan to 411 million yuan, a year-on-year increase of 72.59%-81.42%.
According to the calculation of the International Federation of Robotics (IFR), the scale of China’s industrial robot market has maintained a growth trend in recent years, and the market scale will continue to grow in 2022, and is expected to reach 8.7 billion US dollars. It is estimated that by 2024, the scale of China’s industrial robot market will exceed 11 billion US dollars.
Industry insiders said that at present, the two major industries of automobile and 3C electronics have strong demand for industrial robots, and the application market of industrial robots such as chemical industry and petroleum will gradually open in the future.
Increase R&D efforts
The industrial robot industry involves software, manufacturing and program design. Industry insiders said that driven by the strong demand for automation in automobile manufacturing, industrial robot companies with strong system integration capabilities are facing market opportunities. There is still a lot of room for growth in the application of assembly robots and welding robots in automobile production lines.
The Secretary of the Board of Directors of Estun introduced to the reporter of China Securities News: “The main components of industrial robots include control systems, servo systems, reducers, etc., and domestic robot manufacturers have achieved autonomy in servo systems and robot bodies. R&D and production have grown rapidly, but the level of control components for some high-end models still needs to be improved.”
In order to seize the vast market opportunities and meet customer needs, robot companies are increasing their research and development efforts to improve product quality and technical level. Wind data shows that among the 31 listed companies in the industrial robot industry chain, 18 companies achieved a year-on-year increase in R&D expenditure in the first half of this year, accounting for nearly 60%. Among them, the R&D expenditure of INVT, Zhenbang Intelligent, Inovance Technology and other companies increased by more than 40% year-on-year.
Eft said in the investor relations activity table disclosed recently that the company currently sells 50kg, 130kg, 150kg, 180kg and 210kg medium and large load robots to the market, and is developing 370kg robots at the same time.
Eston said that the company’s current research and development focus on new energy, welding, metal processing, automotive and auto parts and other application industries, and customized development for the pain points of downstream industries.
Post time: Nov-02-2022