Chinese e-commerce and AI companies game logistics robot track

With the advent of the era of smart logistics, the application of logistics robot products in the logistics industry has become more and more extensive. For example, in the field of warehousing and logistics, AGV robots, palletizing robots, and sorting robots with better work efficiency have gradually replaced manpower, taking on logistics, transportation, and distribution.

At the same time that these robot products entered the market, a large number of emerging companies in China’s logistics robot market have also grown rapidly under the impetus of the market, and have begun to compete with e-commerce companies for the market, which has promoted the war in China’s logistics robot market. The more prosperous.

Logistics robot industry ushered in peak season

In the past two years, China’s logistics robot market has developed faster and faster. According to data from the Foresight Industry Research Institute, the scale of China’s smart logistics market reached 338 billion yuan in 2017, and it has grown to 500 billion yuan by 2019. Among them, the sales of AGV handling robot products have directly increased from 4,500 units to 18,900 units. The growth rate exceeded 30%.

The rapid growth in sales made the logistics robot industry quickly favored by capital. As of October this year, China’s logistics industry has received 58 financings with a financing amount of 18.666 billion yuan, of which logistics robot companies accounted for 79.2%, which shows the enthusiasm of investors for the logistics robot industry.

There are three main reasons why investors favor the logistics robot industry. First of all, policy support is an important driving force for the development of the smart logistics industry. With the issuance of policy documents such as the “Thirteenth Five-Year Plan for the Development of the Express Industry” and “Internet + Efficient Logistics Implementation Opinions”, the application of China’s logistics robots, drones, and unmanned vehicles has further accelerated. It provides a lot of assistance for the development of the logistics robot industry.

Secondly, with the rapid development of the logistics industry, the problem of insufficient manpower in the industry has become increasingly prominent, which has opened up market demand for the development of the logistics robot industry. According to statistics, as of October 2019, China’s express delivery business volume reached 49.66 billion pieces. But at the same time, the packaging, storage, and transportation pressures faced by the logistics industry’s production lines have further increased, which has made the logistics robots with great advantages in efficiency useful, which has driven the growth of logistics robot sales.

Finally, the advancement of AI, Internet of Things, and big data technology has also made the intelligent application of logistics robots possible. With the development of emerging technologies, the intelligent search, dynamic recognition, and computer vision capabilities of logistics robots have been continuously enhanced. At present, logistics robots in the market are already capable of sorting, transportation and other tasks.

Driven by many aspects, the logistics robot market has begun to flourish. Companies such as Jizhijia, Kuaicang, and Megvii that have deployed this field in advance take this opportunity to quickly grow in the market and begin to compete with e-commerce companies for the market.