一天租一台机器人要两万块的日子，在一年之内就结束了。中国人形机器人的日租金已经跌了超过70%，早期市场的泡沫正在被挤出去。据新浪财经20日报道，今年部分人形机器人的日租金已经跌破1000元，机器狗最低跌到100元。在二手交易平台闲鱼上，有卖家现在以每天200到300元的价格出租机器人。卖家把这种做法描述为吸引新客户的手段，但行业把这轮下跌看作机器人供应扩大后价格连锁反应的结果。
The days when renting a single robot for a day cost 20,000 yuan ended within a year. Daily rental rates for humanoid robots in China have plunged over 70%, and the early-market bubble is being squeezed out. According to Sina Finance on the 20th, daily rental rates for some humanoid robots have fallen below 1,000 yuan this year, with robot dogs dropping as low as 100 yuan. On the secondhand trading platform Xianyu, some sellers now rent out robots for 200 to 300 yuan per day. Sellers describe this as a way to attract new customers, but the industry views the decline as the result of a chain reaction after robot supply expanded.
仅仅一年前，市场的情绪还是相反的。去年春晚人形机器人表演引起关注后，来自旅游景区、企业活动和高校项目的咨询蜂拥而至，一些运营商的档期排到了5月。宇树G1在春晚亮相后走红，在二手平台上的日租金是8000到15000元，旺季时超过2万元。现在，宇树U2的日租金大约是3000元，G1大约是2000元。机器狗164元，长期租赁可以把日租金压到100元以下。
Only a year ago, market sentiment was the opposite. After humanoid robot performances drew attention at last year's Spring Festival Gala, inquiries poured in from tourist sites, corporate events, and university projects, with some operators fully booked through May. Unitree's G1 gained popularity after appearing on the broadcast and rented for 8,000 to 15,000 yuan a day on secondhand platforms, topping 20,000 yuan during peak season. Now, Unitree's U2 goes for about 3,000 yuan a day and the G1 for about 2,000 yuan. Robot dogs cost 164 yuan, and long-term rentals bring the daily rate below 100 yuan.
最大的因素是供应扩大。随着包括宇树在内的主要制造商大幅提高量产能力，机器人价格几乎每个月都在下降。6月，Logic Robotics说商用机器人量产达到15000台。8月，宇树宣布累计产量约18000台。参与机器人租赁的公司数量一年内增长了55.7%，是大约十年来的最高水平。平台竞争也让定价更加透明。去年年底，智元机器人推出开放租赁平台擎天租，京东随后开设了机器人租赁的自营旗舰店。服务有多标准化、多可靠，已经比哪家公司拥有哪些机器人，成为选择平台时更重要的因素。
The biggest factor is expanded supply. As major manufacturers including Unitree sharply increased mass-production capacity, robot prices fell almost every month. In June, Logic Robotics said mass production of commercial humanoid robots had reached 15,000 units. In August, Unitree announced cumulative output of about 18,000 units. The number of companies involved in robot rentals rose 55.7% in a year, the highest in about a decade. Platform competition has also made pricing more transparent. Late last year, AgiBot launched Qingtianzhu, an open rental platform, and JD.com followed by opening a self-operated flagship store for robot rentals. How standardized and reliable a service is has become a bigger factor in choosing a platform than which company holds which robots.
租金暴跌，但市场本身在增长。研究机构艾媒咨询预测，到今年年底，中国机器人租赁市场将超过100亿元，大约是去年10亿元的10倍。新浪财经把这次下跌评估为早期市场泡沫被挤出的过程，而不是特定产品的临时价格波动。当地专家预计，责任保险、标准化服务和信用体系，而不是低价格，将决定市场上的赢家和输家。
Rental rates have tumbled, but the market itself is growing. Research firm iiMedia Research projected that China's robot rental market will exceed 10 billion yuan by the end of this year, roughly 10 times the about 1 billion yuan recorded last year. Sina Finance assessed the decline not as a temporary price fluctuation for specific products but as a process of early-market froth being squeezed out. Local experts expect that liability insurance, standardized service, and credit systems, rather than low prices, will determine winners and losers in the market.
这条消息放在前面讨论的产业脉络里，能对上好几个点。前面讨论过艾媒咨询的机器人租赁产业报告，说2025年机器人租赁产业营收前三名企业在TOP10企业中的占比超65%，竞争格局呈现一超多强，高估值与研发投入分化并存。也讨论过智元的擎天租平台把机器人出租给商场、景区、企业年会，机器人不一定要进工厂干活，跳舞、表演、迎宾也能产生收入。还讨论过微亿智造招股书里披露的行业问题，数采中心、租赁公司等关联交易被质疑用来做虚假收入。这几件事加在一起，说明机器人租赁这个市场正在经历一个从泡沫到理性的过程。租金暴跌，短期看是早期玩家的利润被压缩，长期看是市场从“谁有机器人谁赚钱”转向“谁能提供标准化、可靠的服务谁赚钱”。艾媒预测的100亿元市场规模，和前面讨论的机器人产业进入规模化商用、从看技术转向看交付，是同一个判断。租赁只是交付的一种形式，租金下降说明供给上来了，但真正的竞争才刚刚开始。
Placed in the industrial thread discussed earlier, this news connects to several points. Earlier we discussed iiMedia Research's robot rental industry report, saying 2025 robot rental industry top three revenue enterprises accounted for over 65% of the top 10, with a competitive pattern of "one super, many strong," high valuation and R&D investment divergence coexisting. We also discussed AgiBot's Qingtianzhu platform renting robots to malls, scenic areas, and corporate annual meetings—robots do not necessarily have to work in factories; dancing, performing, and greeting can also generate revenue. We also discussed Micro Intelligence's prospectus disclosing industry problems—related-party transactions with data collection centers and leasing companies being questioned as fabricated revenue. Together, these indicate the robot rental market is undergoing a process from bubble to rationality. Rental rates plunging looks short-term like early players' profits being compressed; long-term it is the market shifting from "whoever has robots makes money" to "whoever provides standardized, reliable service makes money." iiMedia's projected 10 billion yuan market size aligns with the previously discussed robot industry entering scaled commercialization and shifting from technology to delivery. Rental is just one form of delivery; falling rental rates indicate supply has arrived, but real competition has just begun.
