Motor for Robots Market to Witness Robust Expansion by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Motor for Robots market.

Actuators are like the "muscles" of a robot, the parts which convert stored energy into movement. By far the most important actuators are electric motors that spin a wheel or gear that control industrial robots in factories or serving people in households and public.

With regards to the world economy of 2015, recovery of US and China economy is expected to be more powerful, the European economy will continue to be stuck in slump, and growth of the Japanese economy and other emerging economies will be decelerated. Thus the world economy as a whole will show mild growth in 2015. Because of the strong demand for industry robots and service robots, Motor for robot industry has good development prospect.

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Global Motor for Robots Market: Forecast by Type / Application / Region

According to IFR World Robotics 2015 reported, for the global robotics industry, robotics turnover is about 32 billion USD in 2014, and more than 50 institutes participated in robotics R&D and manufacturing activities. As a result, robotics industry provides lots of opportunities to Motor for Robots industry. Based on the fact that many countries have introduced new policies for the industry, for example, China has launched robotics industry “the Thirteenth Five-Year Plan” for the market. While for the high obstacles of technology, Japan and Europe have obvious advantages in Motor for Robots industry. In 2012, for the Motor for industrial robots, Japan took up about 45% market share, Europe and US took about 30% market share, Taiwan and Korea took up about 10% market share.

For the suppliers of Motor for industrial robots, ABB, Fanuc, Yaskawa and KUKA (Siemens) are the 4 leading Motor manufacturers. Large percent of global Motor for industrial robots market share was occupied by the four companies.

We tend to believe that this industry is now close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in future too, as competition intensifies, prices gap between different brands will go on narrowing. Similarly, there will be fluctuation in gross margin.

Over the next five years, LPI(LP Information) projects that Motor for Robots will register a 23.9% CAGR in terms of revenue, reach US$ 19300 million by 2023, from US$ 5330 million in 2017.

Global Motor for Robots Market: Key Players
Simens
Beckhoff Automation
Panasonic
Fanuc
Yaskawa
Lenze
ABB
Nidec
Maxon Motor
SAMSR Motor
SL Montevideo Technology
Anaheim Automation
INVT
HNC
STEP
Inovance
Estun Robotics
Longs Motor
Leadshine
DELTA
FinePower

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Related Information:
United States Motor for Robots Market Research Report 2018
Europe Motor for Robots Market Research Report 2018
North America Motor for Robots Market Research Report 2018
Asia-Pacific Motor for Robots Market Research Report 2018
China Motor for Robots Market Research Report 2018
EMEA Motor for Robots Market Research Report 2018
Global Motor for Robots Market Research Report 2018

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