According to a new market report published by Credence Research, Inc., “Global Industrial Robotics Market (By Product Type (Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, SCARA Robots and Others), By Functionality (Soldering and Welding, Material Handling, Assembling & Disassembling, Painting & Dispensing, Milling, Cutting & Processing), By End-use Vertical (Automotive, Electrical & Electronics, Plastics, Rubber and Chemicals, Metals & Machinery, Pharmaceuticals, Food & Beverages, Precision Engineering & Optics and Others)) – Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global industrial market is expected to witness a growth of 8.3% CAGR during the forecast period from 2018 to 2026.
“According to the International Federation of Robotics (IFR) study World Robotics 2018, there were about 2,097,500 operational industrial robots by the end of 2017. This number is estimated to reach 3,788,000 by the end of 2021. For the year 2017 the IFR estimates the worldwide sales of industrial robots with US$16.2 billion. Including the cost of software, peripherals and systems engineering, the annual turnover for robot systems is estimated to be US$48.0 billion in 2017. China is the largest industrial robot market, with 137,900 units sold in 2017.Japan had the largest operational stock of industrial robots, with 286,554 at the end of 2015.The biggest customer of industrial robots is automotive industry with 33% market share, then electrical/electronics industry with 32%, metal and machinery industry with 12%, rubber and plastics industry with 5%, food industry with 3%.In textiles, apparel and leather industry, 1,580 units are operational. – Wikipedia”
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Product Insights
The global industrial robotics market was valued at US$ 32.9 Bn in 2017, growing at a CAGR of 8.3% during the forecast period from 2018 to 2026. The growth of industrial robots continues at a remarkable pace across the globe. Key trends such as human-robot collaboration, simplification and digitalization is expected to certainly shape the future and drive forward rapid development of industrial robotics. Innovations in technology have enabled industries to use robots for streamlining processes, increase efficiency and minimize errors. According to International Federation of Robotics (IFR), more than 1.4 Bn new industrial robots will be installed in several end-use verticals around the world by 2019.
The global industrial robotics market, based on product type was led by articulated robots in 2017. Articulated robots are most commonly used in factories worldwide. They are used for different applications including material handling, material removal, welding and dispensing. Due to the capabilities of performing multitude of tasks in industrial operations, there is a widespread demand for articulated robots across the globe. Based on end-use vertical, automotive led the market in 2017 and is likely to continue with its dominance throughout the forecast period from 2018 to 2026. Industrial robots play a vital role in boosting the efficiency, quality and reliability at automotive plants worldwide. Moreover, advancements in automotive robotics has picked up stride due to the efficiency, safety and cost-effectiveness it offers. Further, based on geography, Asia Pacific has the strongest market owing to the high presence of electronics and automotive industries. Due to the booming automotive industries and rapid industrialization, the region projected to witness notable growth in the near future.
Competitive Insights:
Major players in the industrial robotics market include ABB Ltd., TOSHIBA MACHINE CO., LTD., YRG Inc., FANUC Corporation, Yaskawa Electric Corporation, Omron Adept Technologies, Inc., Panasonic Corporation, DENSO Robotics, Seiko, Epson Corporation, KUKA AG, Mitsubishi Electric Corporation, Staubli International AG, NACHI-FUJIKOSHI CORP., Kawasaki Heavy Industries, Ltd., Comau S.p.A., DAIHEN Corporation, Universal Robots, and CMA Robotics among others.
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ToC:
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Approach Adopted
1.3.4. Top-Down Approach
1.3.5. Bottom-Up Approach
1.3.6. Phase III – Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Industrial Robotics Market
2.2. Global Industrial Robotics Market, by Product Type, 2017 (US$ Mn)
2.3. Global Industrial Robotics Market, by Functionality, 2017 (US$ Mn)
2.4. Global Industrial Robotics Market, by End-use Vertical, 2017 (US$ Mn)
2.5. Global Industrial Robotics Market, by Geography, 2017 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global Industrial Robotics Market Value, 2016 – 2026, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. See-Saw Analysis
3.4. Impact Analysis of Drivers and Restraints
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Market Positioning of Key Players, 2017
3.6.1. Major Strategies Adopted by Key Players
4. Global Industrial Robotics Market, by Product Type , 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Articulated Robots
4.3. Linear Robots
4.4. Cylindrical Robots
4.5. Parallel Robots
4.6. SCARA Robots
4.7. Others (Delta Robots, Polar Robots, etc.)
5. Global Industrial Robotics Market, by Functionality, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. Soldering and Welding
5.3. Material Handling
5.4. Assembling & Disassembling
5.5. Painting & Dispensing
5.6. Milling, Cutting & Processing
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