In 2024, the global installation of new industrial robots declined by 3%, yet the Chinese market defied this trend with a robust growth rate of 5%, capturing 54% of the global market share. For 12 consecutive years, China has maintained its position as the world's largest industrial robot market, recording sales of 302,000 units and production surging to 556,000 units that year. Additionally, service robot production witnessed a year-on-year growth of 34.3%. While the electronics and automotive industries remain the primary application sectors for industrial robots, the automotive industry is exhibiting a downward trajectory, whereas the share of installations in the general industrial sector has increased. Regarding robot density, South Korea and Singapore lead the way, with China surging to third place, boasting 470 robots per 10,000 people. Looking ahead to the first quarter of 2025, fueled by order growth in the Asian region and a modest recovery in the electronics industry, China is anticipated to continue spearheading global robot market demand. Moving forward, the robot industry will prioritize the integration of AI technology, with advancements such as digital twins and visual language models propelling industry growth. Humanoid robots are poised to accelerate their adoption in logistics, warehousing, and other sectors.