Industrial Robotics Market in the US 2016-2020 - High Initial Investment a Key Challenge

DUBLIN, March 25, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/xzlffl/industrial) has announced the addition of the "Industrial Robotics Market in the US 2016-2020" report to their offering.

The report forecasts the industrial robotics market in the US to grow at a CAGR of 12.25% during the period 2016-2020.

The industrial robotics market in the US is growing significantly due to increasing automation in the manufacturing sector and advances in the robotic technology. The US market is primarily driven by the motor vehicle industry followed by the industrial machinery industry. Industries such as food and beverage, rubber and plastic, and pharmaceutical use industrial robots in their manufacturing operations to reduce labor cost and increase competitiveness.

The market is divided into the following segments based on robot types:

• Articulated
• Cartesian
• SCARA
• Other.

Collaborative robots are the new industrial robots designed to operate collaboratively with humans. They are used for lightweight operations, such as placing products in trays or cases, to heavy-duty applications that include depalletizing and palletizing. Advanced sensors equipped with these robots sense the presence of a person and his location, which allows the robots to slow down or stop for security. When a person moves away, the robot automatically resumes normal operation.

According to the report, industrial robots are flexible, and can be easily programmed to adapt to new production lines without any training. The margin of error is less, and the functioning of these robots can be extended for a longer duration with minimal supervision. The robots produce defect-free products, and reduce product failure and wastage. They do not require additional expenditures on healthcare, insurance, and income. These robots require minimum heating and lighting, which reduces energy consumption considerably. The adoption of these robots allows companies to minimize direct and overhead costs.

Further, the report states that the deployment of robots requires high initial investment. Hence, restricts the market growth.

Key vendors:

• ABB
• Adept Technology
• FANUC
• KUKA
• Yaskawa Electric
• Competition Financials

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by application

PART 07: Market segmentation by product

PART 08: Market segmentation by end-user

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

For more information visit

http://www.researchandmarkets.com/research/xzlffl/industrial

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SOURCE Research and Markets