In the past year the overall automation market is not too prosperous, mainly due to the following reasons:
First, the macroeconomic downturn, the manufacturing industry continues to be under pressure
China's GDP growth of 3% year-on-year in 2022, China's manufacturing purchasing managers' index (PMI) in December was only 47.0%, a decline of 1.0 percentage points from the previous month, for many months below the critical point, the manufacturing industry is under greater downward pressure
Second, the epidemic repeated, the emergence of a large impact of the extreme situation
Epidemic in 2022 did not stop, multi-point outbreaks successively, of which three to six months of Shanghai closed to the automation market is particularly serious, August and September Sichuan, Xi'an successive suspension of work and classes, as well as the end of the year in Beijing, Guangzhou and other places of the grim situation, production and life activities around the world are adversely affecting the business investment momentum is obviously not enough, the enthusiasm to invest in reducing.
Third, the industry demand is insufficient
Insufficient power of the internal cycle: epidemic dividend-related industries (such as mask machine, epidemic prevention products, etc.), electronics, machine tool industry are currently in the industry down cycle; lifts, construction machinery, lifting and other industries are also dragged down by the real estate downturn, in addition to the consumer market, such as food and beverages, paper towels, pharmaceuticals and other industries related to domestic demand in 2022 is also weak growth
Increasing international competition: Southeast Asian countries benefited from the trade dispute between China and the United States, as well as the United States to promote the "supply chain diversification" policy, to take over some of China's industrial orders, the overseas market on the Chinese market is gradually highlighted the squeeze.