Press release
Industrial Robotics Market Size, Share and Industry overview by ABB, Denso Corporation, Kuka AG, Kawasaki Heavy Industries And Bosch Gmbh
The Global Industrial robotics market is expected to grow over the CAGR of around ~14% during the period 2016 to 2022 and expected to grow at market size of USD ~81 billion in 2022.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.Global Industrial Robotics Market, by Type (Delta, Parallel, Redundant, Articulate, Cartesian), by Application (Assembling, Painting, Welding, Material Handling), by End-Users (Entertainment, Electronics, Pharmaceuticals, Automotive) - Forecast 2022
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Key Players for Industrial Robotics Market:
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.
Market Scenario:
Industrial Robotics are the system used for manufacturing, welding, painting, assembling, packaging, and testing and for many other industrial applications. These are automated, programmable machines which reduces high and tiring efforts of producing & manufacturing consumer goods. Among its various types articulated, SCARA, and Cartesian robots are majorly used by industries. According to Market research Future Analysis, The global industrial robotics market is estimated to reach $ ~81 billion by 2022 with a growing CAGR of ~14% during forecast period 2016-2022.
The major factor that drives the growth of Industrial Robotics market is high demand of robotics products in industrial application especially in manufacturing sectors, growing investment of automotive industry in technological advancement, and growing adoption of robotics in small & medium size organizations among others.
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.
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.
Segments for Industrial Robotics Market:
Global Industrial Robotics Market can be segmented as follows:
Segmentation by Types: Cartesian, SCARA, articulated, delta, 6-axis robots, redundant, dual-arm and parallel among others
Segmentation by Application: Material handling, welding, assembling, palletizing, and painting among others.
Segmentation by End-Users: Automotive, electronics, Rubber & plastic, entertainment, food & beverage and pharmaceuticals among others.
Industrial robotics Market:
The Industrial robotics can be segmented into types, applications and end-users. Types of Industrial robotics available in the market are Cartesian, SCARA, articulated, delta, 6-axis robots, redundant, dual-arm and parallel among others. Industrial robotics is providing various applications including material handling, welding, assembling, palletizing, and painting among others. End-user segment is categorized into automotive, electronics, Rubber & plastic, entertainment, food & beverage and pharmaceuticals among others.
Market Research Analysis:
The continuous demand for industry robots is the major driver for the growth of Industrial robotics market. These robots are ideal for the situations where high output and no errors is required during task performance. The use of robots for industrial use can also increase workplace safety and production capacity as all functions will be perform by a mechanical and well-programmed machine system. Growing automation innovation in Asia-pacific region especially in Japan followed by China is supporting the huge
Table Of Content
Report Prologue
Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
Continued……
List Of Tables
Table 1 Global Industrial Robotics Market (USD Billion)
Table 2 Global Industrial Robotics Market, By Types
Table 3 Global Industrial Robotics Market, By Application
Continued……
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List Of Figures
Figure 1 Research Process
Figure 2 Drivers Of Global Industrial Robotics Market
Figure 3 Global Industrial Robotics Market: By Type (%)
Continued……
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