Global Industrial
Robotics Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014-2020
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Report
Description
Report Description
The new technological developments are making manufacturingindustry 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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Report
Description
Report Description
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 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
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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.
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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