行业深度报告 | 机械设备 日期：2025 年 10 月 29 日 新需求、新机遇，关节轴承迎人形机器人发 展浪潮 ⚫ 核心观点 自润滑关节轴承在人形机器人中应用确定性高，单机价值量有望达数千元，国 产厂商有望受益。连杆和线性执行器是人形机器人关节重要技术发展方向，自 润滑关节轴承适用于机器人"旋转+连杆"和"旋转+线性"关节，因此关节轴 承应用确定性较高，单机价值量经测算有望达 5200 元，国产自润滑关节轴承 厂商有望受益。 人形机器人催生关节轴承新需求，衬垫类自润滑关节轴承为优选方案。关节轴 承是一种球面滑动轴承，分为油脂润滑型和自润滑型，其中衬垫类自润滑关节 轴承具有免维护及轻量化设计优势，同时兼具自润滑关节轴承免维护、高精度、 长寿命、强适应性等特性，是机器人关节设计的理想选择，是人形机器人关节 轴承的核心解决方案。 人形机器人关节轴承应用确定性高，单机价值量有望达数千元。线性执行器与 连杆机构已成为人形机器人运动系统的主流技术路径，关节轴承在人形机器人 中主要应用于线性执行器和连杆的末端，我们认为人形机器人线性执行器和连 杆技术路线符合未来发展趋势，因此关节轴承亦具备较高的应用确定性。人形 机器人 ...

Core Viewpoint - The company emphasizes the importance of R&D in PEEK modified materials and has developed key polymer material solutions for lightweight bionic skeletons, self-lubricating joint bearings, and high-temperature motor housings [1] Group 1: R&D and Material Development - The company has organized a dedicated R&D team to tackle challenges in PEEK modified materials, resulting in the development of PEEK-CF50, PEEK-SL20, and PEEK-HT300 [1] - Innovations include the addition of 50% carbon fiber, PTFE + graphite, and ceramic fiber + carbon fiber to enhance material performance, achieving characteristics such as lightweight, self-lubrication, and high-temperature resistance [1] Group 2: Business Strategy and Collaborations - By the first half of 2025, the company plans to leverage its advantages in automotive injection mold R&D, design, and manufacturing, and actively engage in technical cooperation with domestic humanoid robot companies [1] - Currently, the company is developing supporting products for a leading domestic humanoid robot company, with the R&D project progressing steadily as planned [1]