In the Spring Festival of the Year of the Horse in 2026, the industrial automation track is on the triple trend of new productivity, the recovery of intelligent manufacturing, and the mass production of humanoid robots. It has become one of the main lines that attracts much attention in the A-share market after the holiday.
Next, we combine the public industry data, market dynamics and technical characteristics of the entire network to interpret the fundamentals and technical aspects of the sector, and analyze the logic of industry operation after the Spring Festival.
1. Fundamentals: cyclical recovery + industrial upgrading, the industry has entered a high-prosperity channel
Industrial automation is ushering in an excellent opportunity for development, and is in a golden stage of an upward turning point in the cycle, strong policy support, comprehensive recovery in demand, and accelerated domestic substitution.
The year 2026 has been defined by many institutions as the “first year of industrial automation recovery”. The global manufacturing industry has ended its two-year destocking cycle, corporate capital expenditures have begun to pick up, and the demand for automation equipment procurement has also been released.
1. The policy side continues to exert efforts, and new industrialization has become the focus: new industrialization, intelligent manufacturing, and factory digital transformation have been listed as national and local key development directions, and core links such as servo systems, controllers, reducers, and industrial robots have received long-term policy support.
Local governments have also successively introduced subsidy policies to encourage enterprises to carry out intelligent transformation, providing continuous impetus for industry development.
2. The demand side is exploding at multiple points, and the penetration rate continues to increase: the manufacturing industry is resuming work and production faster, humanoid robots have entered the stage of large-scale implementation, and intelligent transformation in new energy, 3C, construction machinery and other fields is also accelerating.
At the same time, labor costs continue to rise, and enterprises have an urgent need to reduce costs and increase efficiency, driving the rapid increase in automation penetration.
The recovery of overseas markets has also brought export opportunities to domestic companies.
3. Technological breakthroughs and domestic substitution have entered the deep-water area: Domestic companies have achieved key breakthroughs in fields such as motion control, precision transmission, and industrial vision. Product performance has rapidly improved, and domestic substitution has entered the deep-water area.
The market share of leading companies continues to expand, and industry concentration increases.
The deep integration of AI and automation, and the implementation of applications such as digital twins, edge computing, and intelligent operation and maintenance, have promoted the industry’s upgrade from hardware-driven to “hardware + software + services”, further opening up room for growth.
2. Technical aspect: Volume reduction before the holiday to gain momentum, waiting for volume and energy to resonate after the holiday
As of the pre-holiday holiday for A-shares, the technical aspect of the industrial automation sector has shown the characteristics of shock consolidation, moving average convergence, and stable chips.
1. Index form: shock consolidation, ready to go: after periodic adjustments, the sector index runs in the mid-term support range, with the short-term moving average flattening and bonding with the mid-term moving average, and is in a critical window period for direction selection.
Technical indicators show that the market’s short-selling momentum is gradually depleting and bulls are accumulating power.
2. Volume and energy characteristics: Volume shrinks before the holiday, and funds wait and see: Before the holiday, market trading is light, transaction volume shrinks, funds mainly wait and see, and the stock game characteristics are obvious.
The shrinking volume shows that market selling pressure is limited, accumulating energy for post-holiday volume breakthroughs.
Once funds return after the holiday, the sector is expected to see both volume and price rise.
3. Differentiation of individual stocks: The strong remain strong, but the theme ebbs: Individual stocks show significant differentiation, with core technologies and core robot components and motion control targets that have received orders are relatively strong, while pure theme targets gradually return to rationality.
The overall technical form is in the stage of recovery and momentum, and the pressure on the upper lock-in market has been eased. It requires the recovery of liquidity after the holiday and the cooperation of industrial catalysis to get out of a clear trend.
Hong Kong stocks’ smart manufacturing targets ran smoothly during the holiday, providing a stable external environment for the opening of A-shares after the holiday.
3. In-depth analysis of the trend after the Spring Festival: Four major variables dominate, and structural opportunities are prominent
The trend of the industrial automation sector after the Spring Festival will be jointly determined by the four core variables of industrial catalysis, policy expectations, demand verification, and capital preferences. The industry’s high prosperity resonates with market sentiment, and it is likely to show a pattern of upward shock and active structure.
1. Short-term catalysis: The popularity of robots spreads + the demand for resumption of work is released: The popularity of robots spreads during the Spring Festival holiday, and Hong Kong stock-related sectors strengthen. Coupled with the resumption of work in the manufacturing industry after the holiday and the gradual release of industry orders, it is expected to quickly boost sector sentiment and promote the phased recovery of the index.
News such as the mass production progress of humanoid robots and the bidding for intelligent factory transformation will become important catalysts.
2. Medium-term expectations: Two Sessions policy + performance verification: As the National Two Sessions approach, issues such as new productivity, intelligent manufacturing, and industrial Internet will become the focus, and policy expectations continue to heat up.
First-quarter shipment and performance data will become important verification indicators, and links with strong core technology and order fulfillment capabilities will be more resilient.
Segments whose performance exceeds expectations are expected to receive funding.
3. Long-term logic: The four major driving forces remain unchanged: AI integration, robot mass production, factory intelligence, and domestic substitution will support the development of the industry in the long term.
It is difficult for the sector to see a unilateral general rise in the market. It is more driven by prosperity and the rotation of subdivided tracks. High-prosperity directions such as core components of robots, motion control, industrial vision, and intelligent sensing will continue to become the main line of the market.
Risk warning: Factors such as raw material price fluctuations, intensified industry competition, and less-than-expected technology iterations may cause periodic fluctuations, but it is difficult to change the long-term upward trend of the industry.
Investors need to pay close attention to relevant risk factors.
4. Summary
Industrial automation is the core carrier of manufacturing upgrading and new productivity. 2026 is in the resonance window of cyclical recovery and industrial upgrading, with solid fundamental support.
The technical aspect is in the stage of consolidation before the Spring Festival, and the trend after the Spring Festival is highly dependent on industrial catalysis, volume-energy coordination and capital flow.
The industry has moved from subject matter hype to a stage driven by performance realization and technological breakthroughs. The industry logic is clear and the room for growth is clear.
Subsequent market operations will pay more attention to fundamental verification. Core technology breakthroughs, large-scale order implementation, and domestic substitution progress are the core observation indicators. Structural opportunities will run throughout the year.
It should be noted that this article is only used for industrial automation industry research and market phenomenon analysis and does not constitute any investment advice.
Sectors and related fields are affected by multiple factors such as macroeconomics, policy changes, technology iterations, market sentiments, etc., and there is great uncertainty. Readers need to make independent judgments and make prudent decisions.
