HYDERABAD, India and MINNEAPOLIS, February 2, 2016 /PRNewswire/ --
According to the report "Industrial Robotics Market Analysis: By Type (Cartesian, 6-axis, SCARA, Others); By Application (Welding, Palletizing, Packaging, Material Handling, Others); By Industry (Food and Beverages, Automotive, Electronics, Others) - With Forecast (2015 - 2020)", published by IndustryARC, the industrial robotics market is estimated to reach $12.74 billion by 2021 at a high CAGR.
Browse 22 market tables, 122 figures spread through 230 pages and an in-depth TOC on "Industrial Robotics Market".
Industrial robots are a remarkable invention in the industrial sector that has changed the industrial automation processes. They are mainly used for material handling, welding, dispensing, processing, and assembly purposes. The key industrial robots which are applied across several industries are Cartesian, SCARA, Articulated, Cylindrical, 6-axis and Linear.
Production and processing are the major applications of the industrial robotics. Moreover, the increasing investments in the automotive industry are a significant growth factor. During 2010-2014, the investments in the automotive industry grew 22% on an average per year. Apart from these crucial growth factors, the metal and machinery industry is also contributing to the industrial robotics consumption.
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The industrial robotics market report is a comprehensive study of the demand and supply trends of industrial robotics across four geographies: Americas, Europe, Asia-Pacific, and RoW (Rest of the world). The market study for industrial robotics is also presented by segmenting based on type, application, and end use industry. Aging workforce of skilled engineers and high labor cost will set a significant concern for manufacturers in countries like China. Apart from China, Japan and Republic Korea are the dominant end user nations of industrial robotics. These nations are using industrial robotics at an extensive scale majorly in automotive assembly. India, Taiwan and other South East Asian nations are speculated to be the opportunity markets for the industrial robotics in the coming years.
Increasing levels of automation and semiautonomous systems will ultimately drive a transition to the automated plants. The Americas region is a large market for Industrial Robotics owing to a wide range of industrial clusters and high level of manufacturing automation. In the recent years there has been a fundamental shift in the energy outlook of the continent mainly driven by technology, innovation, investment and new policies.
Food & beverage industry is one of the industries which constantly seek optimization in production and operational processes as it deals with large stock of raw materials and end products. The industry is one of the largest end users for automation equipment and robots. Medical industry is a booming industry for the industrial robots. In medical industry, industrial robotics find the application in manufacturing plants for manufacture of medical devices, pharmaceuticals and drug manufacturing and so on. The ability to move with precision and speed combined with increasing safety of operation make industrial robots crucial in the medical industry.
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Some of the key players in this operating in this market Include
- ABB Ltd.
- Fanuc Corporation
- KUKA AG
- Denso Wave Inc.
- Mitsubishi Electric Corp.
The industrial robotics market study across the following industries is analyzed in the Report
- Electrical & Electronics
- Food and Beverages
- Metal Fabrication
- Packaging and Palletization
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.
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