Market Highlights:
The Global Industrial robotics market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast period.
ABB Ltd., one of the pioneer in robots manufacturing, has recently in December 2016, won in the European Institute of Purchasing Management’s (EIPM) ‘Value Creation’ category award. This has helped ABB to increase its strength and to innovate new processes in robotics market growth. Kuka AG, one of the major automotive industry player has expanded its business in China in November 2016 to increase manufacturing of robot systems and logical components. Other major market players such as Bosch, Toshiba, Kuka, and Denso among others is also investing and developing robotics technology which thereby is fuelling the market growth.
Industrial robotics is mechanical system designed to move materials, heavy equipment, auto-parts and tools, and many more industrial tasks essential for production and other operational activities. They are capable to perform task which are dangerous to perform by human workers. It is suitable for many applications including arc welding, material handling, palletizing and assembly applications.
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Some of the major players in Global Industrial Robotics Market includes ABB Ltd. (Switzerland), Denso Corporation (Japan), Kuka AG (Germany), Kawasaki Heavy Industries Ltd. (Japan), Bosch GmbH (Germany), Yaskawa Electric Corporation (Japan),Fanuc Corporation (Japan),Mitsubishi Electric Corporation (Japan), Rockwell automation, Inc. (U.S.) and Toshiba Corporation (Japan) among others.
Globally the market for Industrial Robotics marketis expected to grow at the rate of more than 14% from 2016 to 2022.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
“The rising demand of industrial robots in various sectors including manufacturing, automotive, and pharmaceuticals among others is the key trend for the market growth.
Rising investment in automation by various industrial verticals is driving the robotics market and also as Japan is a highest contributor in market revenue of industrial robots, Asia-Pacific countries are taking many initiatives to develop strong profitable market of industrial robotics system in the region.”
Market research Future has segmented the global industrial robotics market into types, application, and end-users. By type, industrial robotics includes Cartesian, SCARA, articulated, delta, 6-axis robots, redundant, dual-arm and parallel among others. By application the research study includes some of the major application areas such as material handling, welding, assembling, palletizing, and painting among others. Industrial robotics is serving many end-users sectors including automotive, electronics, Rubber & plastic, entertainment, food & beverage and pharmaceuticals among others.
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Regional Analysis of Industrial Robotics Market:
Asia Pacific is dominating the global industrial robotics market with the largest market share. Japan is the leading market of industrial robotics & countries such as China, and India is responsible for half of the market revenue and therefore is expected to grow with highest revenue by 2022 followed by Europe. Europe is the second highest market for industrial robotics market as more than 50% of industries in Europe has implemented robotics technology in order to operate their activities. North America is also showing fruitful growth in industrial robotics market in upcoming years.
Target Audience:
- Technology investors and providers
- Manufacturing Industries
- Automotive industries
- Industrial robotics parts & component manufacturers
- Research organizations
- Industrial robotics associations
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