On June 16, Capital State learned that IDC’s latest report on the market share of commercial service robots in China’s food and beverage industry shows that the market size of China’s commercial service robots in 2021 reached 0.84 billion U.S. dollars (about 5.4 billion yuan), with a year-on-year growth rate of 110.4%, showing an explosive trend.
The report points out that in the past two years, benefiting from factors such as non-contact distribution and rising labour costs, the market for service robots for delivery scenarios in the catering industry has been developing rapidly. In the future, refined operation, pan-catering and overseas business will become the next important direction of the market.
In 2021, the Chinese catering industry commercial service robot market, capital increased investment, a number of companies have announced a hundred million yuan of financing, many financing has reached the C, D round, IPO is in sight. In the catering robotics field among them, Prime Lang Intelligence has obtained more than 1 billion RMB level financing in Series D, and Purdue Technology has obtained hundreds of millions of RMB financing in Series C+.
Under the epidemic and other factors, the leasing mode that takes up less cash is favoured by more catering enterprises and becomes a more popular business model, with the leasing mode accounting for more than 60% of the revenue of some manufacturers. Along with the popularity of the leasing model, the business model of robotics vendors is shifting from selling products to selling services, which promotes vendors to increase their investment and layout in services and operational capabilities.
In addition, by the end of 2021, the robot penetration rate in key cities with high acceptance of service robots in Tier 1 and Tier 2, early-market customers such as branded restaurant chains and hotpot brands had reached a relatively high level, and growth showed a significant slowdown. Third- and fourth-tier cities and more traditional Chinese and Western food catering brands, independent catering outlets and other broader markets, the expansion of the difficulty of increasing the refinement of the product category, improve the level of operation presents a greater challenge.
IDC believes that with the gradual liberalisation of overseas epidemic prevention and control and factors such as manpower costs, the demand for food service robots in overseas markets has increased significantly, and manufacturers have achieved explosive growth in overseas business. Some vendors overseas market size has exceeded the domestic market, overseas food service robot market is becoming a new blue ocean, the head manufacturers are focusing on layout.
Bayes Robotics (AIBAYES) carries out research in navigation, algorithms, cloud, software/hardware, drive, control, and accumulates robot powertrain system technology, realising the design and manufacture from the core components to the whole machine, and the independent research and development of algorithm scheduling and software platform. And as a carrier and vertical scene depth combination, professional to create AI + medical service robot full scene solution. Its products include hospital-wide logistics robots, high-value consumables management robots, rubbish and quilt recycling robots, disinfection robots, guiding robots, ward missionary robots, etc., which have been widely used in various scenes in hospitals, and it is a professional unmanned full-scene solution provider.