Gasgoo Munich- Data from the Liuzhou Statistics Bureau shows that the city's industrial output above designated size climbed 7.7% year-on-year in the first five months of the year. That marks an acceleration of 1.7 percentage points from the January-April period.
Production of industrial robots, lithium-ion batteries, and electronic components increased, rising 861.1%, 139.2%, and 52.8%, respectively. Value-added in high-tech manufacturing rose 40.5%, driven by a 54.8% increase in the electronic and communication equipment sector.
Total foreign trade volume reached 20.176 billion yuan, a 13.4% annual increase, while exports climbed 21.7% to 18.959 billion yuan. Among these, exports to ASEAN nations rose 54.8% to 5.892 billion yuan. Notably, shipments of electric vehicles and lithium-ion batteries rose 397.1% and 302.5%, respectively.
Investment in the software and information technology services sector increased 30.9-fold, while spending on industrial technical upgrades rose 55.8%.
Image source: DAX Robotics
One report forecasts the global industrial robot market will reach 101.6 billion yuan in 2024, up 3.5% from the previous year. Analysts expect the market to expand to 112.9 billion yuan in 2025 and reach 126.3 billion yuan by 2026, maintaining a steady growth trajectory.
In terms of installations, the International Federation of Robotics (IFR) reported 553,000 units were installed globally in 2022 — a 5% annual increase. That figure is projected to reach 718,000 units by 2026, implying a compound annual growth rate (CAGR) of 7% between 2023 and 2026. The data indicates a broader trend in global manufacturing toward automation upgrades, driving sustained demand for industrial robots as core equipment.
