Industrial Robotics Market Forecast 2018-2024 By Major Industrial Automation Key Players: Denso, Fanuc Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Yamaha Motor Co., Ltd

Industrial robotics market is indeed on its way to way to witness remarkable escalation over the coming years, given the ongoing efforts by the market giants as well as regulatory bodies to unlock the maximum potentialities of automation across manufacturing domain. Yet another factor that has played its cards in proliferating the business outlook is the increasing capital investment in employing manual labors and the related inconvenience associated with it. Average industrial robot price cost, on the other hand, has witnessed a downturn, with increasing production.

In this regard, one of the trends that remains to be seen in industrial robotics industry is the demand-price relationship for these robots, particularly in the emerging economies. All in all, the profitability scope seems humongous for the industrial robotics market in the coming years, with a target global share of USD 80 billion by 2024.

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The potential for cyber-physical system to improve operational efficiency in manufacturing processes is humongous. Industrial robotics market proceeds, which has indeed been appreciable in recent years can be majorly credited to this fundamental aspect. It is further imperative to mention that as automation technologies such as robotics, machine learning occupy an increasingly demanding role in industries, their impact on the workplace in terms of safety security, asset tracking, and supply chain has become a point of focus for the research fraternity.

In this regard, with the concept of Industry 4.0 (fourth Industrial Revolution) being already set in motion and the influx of technological advancements focusing on maximizing the operational throughput, industrial robotics market demand is bound to witness a marked rise over the ensuing years. According to a recent published report by International Federation Robotics(IFR), globally almost more than 1.4 million industrial robots would be deployed into factories by 2019. As claimed by experts, if the forecast figure of 1.4 million deployment is touched by next year, it would be around 1 million more than that of the record-breaking year of 2015. The aforementioned statistics is quite indicative of the exponential growth curve ahead for industrial robotics market.

Another belt that is emerging to be the next investment hotbed for industrial robotics market is Asia Pacific. The rapid pace of advancements in the regional market can be majorly attributed to governments’ encouraging initiatives toward promoting the adoption of industrial robots. The South Korean Government, for instance, has recently declared its plan of making a significant investment in upgrading the existing robotics and automation systems, in a bid to help the regional automation market to record USD 6 billion by 2022.

The Government of Japan has also funded and strategized several plans that prompts Japan based SMEs to incorporate advance manufacturing capabilities in their business model. Citing an example demonstrating the positive influence of these initiatives is Fanuc plant in Japan, which employs only four manual workers per shift to supervise the industrial robots for the entire operation of the plant. For the records, China and India, are also claimed to contribute significantly toward APAC industrial robotics industry share.

Browse key industry insights spread across 262 pages with 337 market data tables & 38 figures & charts from the report, “Industrial Robotics Market Size By Product (Articulated, SCARA, Gantry, Cartesian, Parallel, Cylindrical, Collaborative), By End-Use (Automotive, Metals & Machinery, Rubber & Plastics, Food & Beverage, Electrical & Electronics) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, South Korea, India, Taiwan, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/industrial-robotics-market

Partial Chapter of the Table of Content

Chapter 4 Industrial Robotics Market, By Product

4.1 Industrial robotics market share by product, 2016 & 2024

4.2 Articulated

4.2.1 Market estimates and forecasts, by region, 2013 – 2024

4.3 SCARA

4.3.1 Market estimates and forecasts, by region,2013 – 2024

4.4 Gantry

4.4.1 Market estimates and forecasts, by region,2013 – 2024

4.5 Cartesian

4.5.1 Market estimates and forecasts, by region,2013 – 2024

4.6 Parallel

4.6.1 Market estimates and forecasts, by region,2013 – 2024

4.7 Cylindrical

4.7.1 Market estimates and forecasts, by region,2013 – 2024

4.8 Collaborative

4.8.1 Market estimates and forecasts, by region,2013 – 2024

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