Market research institution IDC(International Data Corporation), in its recent 
report "Market Share of Commercial Service Robots in China Catering Industry", 
marks KEENON Robotics as top of the list in both Market Share and Growth in 
China's commercial service robots for the catering industry in2021. The 
company's growth rate of 153.4% is leading the rest of the industry, with a 
market share of 48.6%, almost twice as large as the second largest. 

"The demand for service robots, such as delivery robots, is growing 
significantly across many industries, especially catering,"IDC reported."The 
catering industry has become one of the most mature industries in the 
application of commercial service robots, with the market displaying a rapid 
growth trend over the past two years. In 2021, the total market size of 
commercial service robots in the catering industry in China reached $84 million 
US dollars, which is an increase of more than 110% compared to the previous 
year -this is significant growth."

IDC Research Manager, Can Cui further noted, "The commercial service robot 
market for China's catering industry achieved rapid growth in2021, labor 
shortages, and favorable national policy; establishing a positive long-term 
trend. In the short-term, however, with the market becoming more mature and 
more refined in terms of operations, products, teams, costs, and services, 
there will be improved profitability as developments in catering spread to 
related industries and overseas expansion will become a key direction for 
market development."

As a leading enterprise in the industry, KEENON Robotics has a significant edge 
by maintaining high growth levels and occupying nearly 50% of the domestic 
market share.

Continuous Breakthroughs in Technology, KEENON Robotics Steps into the Era of 
High-Speed Growth

As one of the earliest enterprises exploring the application scenarios of 
commercial robots in China, KEENON Robotics has witnessed the entire process of 
commercial service robots application in the catering industry since the 
beginning. So far, the innovative range of T1, T2, T5, T6, T8, and more 
catering delivery robots have been adopted by industry partners, with KEENON 
already boasting a rich product line capable of matching any catering needs.

In 2021, catering-specific service robots from KEENON Robotics exploded in 
popularity and use, with almost 65% of the top100 food and beverage brands, 
such as Haidilao Hotpot, Pizza Hut, Xiao NanGuo Restaurant, Grandma's House, 
and more, adopting KEENON Robotics products.

In the same year, KEENON Robotics completed Alibaba's exclusive strategic 
financing and SoftBank Vision-led investment of $200 million D round financing. 
The company achieved outstanding results and was also ranked on the Hurun 
global Unicorn Company list in the year. Meanwhile, the company was awarded the 
TOP10 best investment cases in advanced manufacturing by the CVINFO 2021 Annual 
List.

Based in China, Exploring Globally, and Continuing to Promote the 
Popularization of Robotics Technology

Currently, KEENON Robotics has successfully launched in North America, Europe, 
the Asia Pacific, South America, the Middle East, and Africa, with six major 
global business areas. In these areas, KEENON Robotics is cooperating with 
large local multinational companies on strategic development to continue 
supporting the world with commercial service robots.

In the future, KEENON Robotics will continue to increase R&D investment, 
accelerating the growth of distribution channels to the global market, boosting 
digital transformation, and improving efficiency. KEENON Robotics is also 
willing to take a role as an industry leader together with other industry 
partners to push the limits of science and technology and promote the 
popularization and development of commercial robots, which can truly bring 
about the technology to change lives.

SOURCE: Keenon Robotics Co., Ltd.

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