Industrial Robotics Market

Industrial Robotics
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016-2026
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Report
Description
Report Description
The new technological developments are making manufacturing industry smarter in terms of
efficiency with minimizing defect, waste and downtime. In order to overcome the limitations
of traditional labour work in industries and enhance the capability of operators, industrial
robotics has been evolved. Installation of industrial robots also helps to gain competitive
advantage by making business process more dynamic. As defined by ISO 8373 standards the
industrial robot is “an automatically controlled, reprogrammable, multipurpose manipulator
programmable in three or more axes”. Today, the Industrial robots are increasingly being
installed in various industry such as food and packaging, automobile, electronics etc.
The global industrial robotics market is experiencing the robust growth with numerous
untapped opportunity. In 2013, the global industrial robotics market registered around 12%
to 15% year on year growth which is expected to grow at same pace for the forecast period.
The factors driving the growth of global industrial robotics market are growing automation to
meet production demand, need for meeting the technology standard set by government and
industry associations and, increasing production capacity to anticipate the future demand.
The use of industrial robotics helps to achieve automation in manufacturing process which is
the major trend in global industrial robotics market.
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The industrial robotics market is segmented on the basis industry which are automotive
industry, chemical, rubber and plastics industry, electrical & electronics industry metal and
machinery industry, pharmaceutical industry, food and beverages industry, and construction
industry, among others. The global industrial robotics market dominates in
Report
Description
Report Description
automotive industry followed by electrical and electronics industry, food and beverages
industry, pharmaceutical industry respectively. Growing demand for vehicles across the
globe is the major factor to drive demand in automotive industry segment of the global
industrial robotics market. The growth in demand of industrial robotics in the electrical and
electronics industry segment of the global industrial robotics market is likely to spur by
various factors such as growing demand for consumer electronics products, increasing
number of mobile shipments, etc.
On the basis of geographical regions the global industrial robotics market is segmented into
seven key regions which are North America, South America, Eastern Europe, Western
Europe, Asia Pacific, Japan and Middle East & Africa. As of 2013, Asia pacific region
dominated the global industrial robotics market in terms of revenue followed by America
and Europe. The Asia pacific segment of industrial robotics segmented is expected to
maintain its dominance due to developing countries like China and India where automation
in manufacturing is pacing up, additionally the penetration of installation of industrial robots
has increased in small scale industries.
Global industrial robotic market is segmented on the basis of applications which are welding
robots, material handling robots, assembling and disassembling robots, packaging and
palletizing robots, measurement, inspection and testing robots, painting robots, cutting,
grinding and deburring robots among others.The global industrial robotics market is
expected to grow two fold with a CAGR about of 5% to 8 % for the forecast period.
Report
Description
Report Description
The global industrial robotics market is expected to grow at a moderate pace during the
forecast period. Key drivers of the global industrial robotics market include significant growth
in non-automotiveapplications for industrial robots, increase productivity in industries with low
manufacturing cost, reduction of duties and refurbished goods followed by rising demand for
automation with higher labour cost.
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Key challenges for global industrial robotics market include stagnation of industrial
manufacturing process followed by higher manufacturing cost and uncertainty.Major players in
the global industrial robotics market include FANUC Corporation, Yaskawa Electric Corporation,
Kuka AG, Kawasaki Heavy Industries Ltd, Denso Wave Incorporated, Mitsubishi Electric, ABB
Ltd, Toshiba Machine, American Robot Corporationand Universal Robots.Growth in the global
industrial robotics market is estimated to grow significantly as every industry in trying to be
more and more efficient by automating their processes robotically. The unique ability of robots
to perform numerous steps without human intervention and adapt to different conditions
along with up gradation of technology is showcasing a promising future for industrial robotics
market.
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