China’s Cooking Robotics Market Sees Rapid Growth Amid Challenges
China’s domestic cooking robotics market, though still in its nascent stages, is witnessing significant growth, according to recent data from Aowei Cloud. In the first half of 2024, online sales revenue for cooking robots reached RMB 130 million (approximately USD 17.8 million), marking a robust year-on-year increase of 41.2%.
Sales volume surged even more impressively, with 67,000 units sold, representing an 82.1% growth compared to the same period last year.
Market Overview and Consumer Adoption
Despite these encouraging figures, the overall market size for household cooking robots remains relatively small. Public awareness and acceptance of this new kitchen technology are still limited, and the relatively high price points are dampening wider consumer adoption.
Currently, only about 25 brands offer cooking robots online in China, reflecting a market that is gradually expanding but remains cautious.
Price remains a significant factor in the purchasing decision for many consumers. The most popular price range for these products is between RMB 4,000 and RMB 5,000, which accounts for 31% of total sales revenue.
This is followed by the RMB 1,000 to RMB 2,000 price range, which contributes 28% to the total sales. Notably, there has been a decline in market share for higher-priced cooking robots, particularly those priced between RMB 5,000 and RMB 10,000, as well as those exceeding RMB 10,000.
Technological Trends and Future Projections
Technological advancements are driving the growth of the cooking robot market, with trends such as smart upgrades, multifunctional integration, and enhanced human-machine interaction becoming increasingly prominent.