Industrial Robotics Market
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Global <strong>Industrial</strong><br />
<strong>Robotics</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2014-2020<br />
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Report Description<br />
The new technological developments are making manufacturingindustry smarter in terms<br />
of efficiency with minimizing defect, waste and downtime. In order to overcome the<br />
limitations of traditional labour work in industries and enhance the capability of<br />
operators, industrial robotics has been evolved. Installation of industrial robots also helps<br />
to gain competitive advantage by making business process more dynamic. As defined by<br />
ISO 8373 standards the industrial robot is “an automatically controlled, reprogrammable,<br />
multipurpose manipulator programmable in three or more axes”. Today, the <strong>Industrial</strong><br />
robots are increasingly being installed in various industry such as food and packaging,<br />
automobile, electronics etc.<br />
The global industrial robotics market is experiencing the robust growth with numerous<br />
untapped opportunity. In 2013, the global industrial robotics market registered around<br />
12% to 15% year on year growth which is expected to grow at same pace for the forecast<br />
period. The factors driving the growth of global industrial robotics market are growing<br />
automation to meet production demand, need for meeting the technology standard set<br />
by government and industry associations and, increasing production capacity to<br />
anticipate the future demand. The use of industrial robotics helps to achieve automation<br />
in manufacturing process which is the major trend in global industrial robotics market.<br />
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Report Description<br />
The industrial robotics market is segmented on the basis industry which are automotive<br />
industry, chemical, rubber and plastics industry, electrical & electronics industry metal<br />
and machinery industry, pharmaceutical industry,food and beverages industry, and<br />
construction industry, among others. The global industrial robotics market dominates in<br />
automotive industry followed by electrical and electronics industry, food and beverages<br />
industry, pharmaceutical industry respectively. Growing demand for vehicles across the<br />
globe is the major factor to drive demand in automotive industry segment of the global<br />
industrial robotics market. The growth in demand of industrial robotics in the electrical<br />
and electronics industry segment of the global industrial robotics market is likely to spur<br />
by various factors such as growing demand for consumer electronics products, increasing<br />
number of mobile shipments, etc.<br />
On the basis of geographical regions the global industrial robotics market is segmented<br />
into seven key regions which are North America, South America, Eastern Europe, Western<br />
Europe, Asia Pacific, Japan and Middle East & Africa. As of 2013, Asia pacific region<br />
dominated the global industrial robotics market in terms of revenue followed by America<br />
and Europe. The Asia pacific segment of industrial robotics segmented is expected to<br />
maintain its dominance due to developing countries like China and India where<br />
automation in manufacturing is pacing up, additionally the penetration of installation of<br />
industrial robots has increased in small scale industries.<br />
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Report Description<br />
Global industrial robotic market is segmented on the basis of applications which are<br />
welding robots, material handling robots, assembling and disassembling robots,<br />
packaging and palletizing robots, measurement, inspection and testing robots, painting<br />
robots, cutting, grinding and deburring robots among others.The global industrial<br />
robotics market is expected to grow two fold with a CAGR about of 5% to 8 % for the<br />
forecast period.<br />
The global industrial robotics market is expected to grow at a moderate pace during the<br />
forecast period. Key drivers of the global industrial robotics market include significant<br />
growth in non-automotiveapplications for industrial robots, increase productivity in<br />
industries with low manufacturing cost, reduction of duties and refurbished goods<br />
followed by rising demand for automation with higher labour cost.<br />
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Key challenges for global industrial robotics market include stagnation of industrial<br />
manufacturing process followed by higher manufacturing cost and uncertainty.Major<br />
players in the global industrial robotics market include FANUC Corporation, Yaskawa<br />
Electric Corporation, Kuka AG, Kawasaki Heavy Industries Ltd, Denso Wave Incorporated,<br />
Mitsubishi Electric, ABB Ltd, Toshiba Machine, American Robot Corporationand Universal<br />
Robots.Growth in the global industrial robotics market is estimated to grow significantly<br />
as every industry in trying to be more and more efficient by automating their processes<br />
robotically.
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