SIASUN(SZ:300024) Qian Zhan Wang·2025-04-21 03:06Core Insights - The Chinese robotics industry is projected to exceed a market size of 155 billion yuan in 2024, following a market size of over 130 billion yuan in 2023, with a compound annual growth rate (CAGR) of 19.46% over the past five years [1][3]. Market Overview - The robotics market in China is categorized into industrial robots, service robots, and special robots, with service robots holding the largest market share at approximately 45% in 2023 [3]. Industry Competition - The competition in the Chinese robotics industry is intensifying, featuring major players such as Shenyang Machine Tool, Gree, Ecovacs, and DJI, who are innovating in automation, intelligence, and efficiency to enhance their market competitiveness [6][7]. Key Companies - Siasun Robot & Automation: A leading provider of industrial robots and automation solutions, serving various sectors including automotive and electronics [7]. - Gree Electric Appliances: A major player in the home appliance industry, increasing its focus on industrial robots and smart manufacturing through acquisitions [7]. - Shenyang Machine Tool: An established company in the machinery manufacturing sector, specializing in CNC machine tools and industrial automation technology [7]. - Ecovacs Robotics: Focused on smart home and cleaning robots, offering products that enhance household automation and quality of life [7]. - DJI Innovations: A global leader in drone and robotics technology, developing products for agriculture and security, with an emphasis on precision agriculture and automated inspections [7].