Industrial Robotics Market Expected to Reach $70,715 Million, Brief Analysis on Top Key players Daihen Corporation, Denso Corporation, Epson America, Inc., Fanuc Ltd., Kawasaki Heavy Industries Ltd., KUKA Robotics Corporation, Mitsubishi Electric Corporat

Asia-Pacific was the largest revenue generator in the global industrial robotics market in 2016, accounting for 49.4% of the total market share. The dominance of Asia-Pacific is attributed to growth in countries such as China, India, Japan, Taiwan, Australia, and others investing heavily in R&D activities and infrastructure development. Rapid growth in automation and reduction in taxes on refurbished goods have fueled the growth of the industrial robotics market. North America and Europe collectively accounted for more than one-third share of the industrial robotics market, as these regions have continuously focused on R&D activities using industrial robotics.

Global Industrial Robotics Market by Type, Industry, Function, and Region: Global Opportunity Analysis and Industry Forecasts, 2017-2023, the global industrial robotics market was valued at $37,875 million in 2016, and is projected to reach $70,715 billion by 2023, growing at a CAGR of 9.4% from 2017 to 2023.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/214?utm_source=OPR

The articulated robots segment accounted for $18,350 million in 2016 in the industrial robotics market, owing to increased usage of these robots in the emerging industries such as packaging and healthcare sectors. However, cylindrical robots and other types of robots, such as customized and refurbished robots, are expected to grow at a significant pace in the coming years, owing to their increased demand in the industrial sectors of the Asia-Pacific region. The cylindrical and others segments are estimated to grow at CAGRs of 11.0% and 11.6%, respectively, during the forecast period.

The automotive industry segment dominated the global industrial robotics market in 2016, with a revenue contribution of $16,630 million. However, this segment is expected to witness sluggish growth in the near future, owing to slowdown in the automotive industry in the past years and grow at a CAGR of 8.9% during the forecast period. The food & beverages segment is expected to grow at a significant CAGR of 11.0% during the forecast period, owing to spiraling growth of the food & beverages industry. Moreover, increase in need for customized solutions to make the process faster especially in the untapped regions, such as Brazil, Argentina, and South Africa, is expected to drive the food & beverages industry.

he types of robots considered in the report are articulated robots, cylindrical robots, SCARA robots, Cartesian robots, and others. The articulated robots segment accounted for the maximum share in the global industrial robotics market in 2016, owing to increased usage of these robots in the packaging and healthcare sectors of the emerging economies. However, the cylindrical robots and others segment comprising customized and refurbished robots, are expected to grow at a significant pace in the near future, owing to their increasing demand in industrial sectors in the Asia-Pacific region.

Industrial robots are used in various industries such as automotive, electrical & electronics, chemical, rubber & plastics, machinery, metals, food & beverages, precision & optics, and others. The automotive industry is the largest end user of industrial robots. However, the growth in the segment is expected to plummet, owing to a projected slowdown in the automotive industry during the forecast period. The food and beverages segment is expected to witness the highest growth rate in the near future, owing to spiraling food and beverages industry across the globe.

Get Customized Report @ https://www.alliedmarketresearch.com/request-for-customization/214?utm_source=OPR

The industrial robotics market is segmented based on function into soldering & welding, materials handling, assembling & disassembling, painting & dispensing, milling, cutting, & processing function, and others. In the functions segment, materials handling subsegment contributed the highest revenue in the global industrial robotics market. The Asia-Pacific region generated the highest revenue in the global industrial robotics market in 2016.

Increase in demand for automation and rapid growth in industrialization foster the use of industrial robots. Increased adoption of these robots in automotive, food & beverages, machinery, and precision & optics industries for automating processes, which leads to increased efficiency, reduced human errors, and enhanced safety of the workforce, has been observed. Some painting and pick & place functions are carried out by robotic arms, which reduce complexity and possibility of errors. Surveillance & security have improved due to the implementation of drones. Industrial robots deliver high-quality products and services, increase the capabilities of manual labor in terms of efficiency, provide better customer services, and efficiently manage processes.

The dearth of skilled workforce and high labor costs drive the adoption of industrial robotics in most of the industries in developed and developing nations. Several organizations have implemented industrial robotics solutions to reduce their labor costs and improve efficiency. Although the initial cost of procuring a robot is high, once implemented it offers high productivity, efficiency, and profits. Moreover, labor wages are on the rise in the American and European markets, and Asia-Pacific is also expected to witness an upsurge in labor costs during the forecast period. Human limitations to perform a particular task and higher productivity from service robots favor the adoption of robotics.

High investment required for the initial setup and integration of industrial robotic solutions hampers the adoption of robots by small and medium enterprises in diverse sectors. For instance, in the machinery & metal sector, the cost of cutting, welding, and soldering machines is significantly high, making it unaffordable for average companies. Industries facing high labor costs are more likely to deploy industrial robots to reduce their expenses and produce high-quality products. Key players need to focus on offering affordable and cost-effective robots to accelerate the acceptance of robots by niche industries. The emergence of new technologies, coupled with increasing competition in the market, is expected to reduce investment costs of robots and accelerate the growth of the industrial robotics market.

Key Benefits:

• This study provides the analytical depiction of the global industrial robotics market along with the trends and future estimations to depict the imminent investment pockets.
• The overall industrial robotics market potential is determined to understand the profitable trends to gain stronger coverage in the market.
• The report presents information regarding key drivers, restraints, and opportunities along with detailed impact analyses.
• Quantitative analysis of the industrial robotics market for the period of 20172023 is provided to determine its financial competency.
• Porter’s five forces analysis of the global industrial robotics industry illustrates the potency of buyers and suppliers in the industrial robotics industry.

Table of Content:

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets

3.3. VALUE CHAIN ANALYSIS
3.4. PORTER’S FIVE FORCES ANALYSIS

3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Moderate threat of substitution
3.4.4. Moderate threat of new entrants
3.4.5. High competitive rivalry

3.5. MARKET SHARE ANALYSIS
3.6. MARKET DYNAMICS

3.6.1. Drivers

3.6.1.1. High requirement for automation
3.6.1.2. High labor cost and dearth of skilled human workforce
3.6.1.3. Increase in investments in R&D activities
3.6.1.4. Availability of affordable and energy-efficient robots

3.6.2. Restraint

3.6.2.1. High initial investment and installation costs

3.6.3. Opportunities

3.6.3.1. Increase in application areas
3.6.3.2. Growth in emerging economies
3.6.3.3. Evolving robotics and AI industry

Chapter: 4 INDUSTRIAL ROBOTICS MARKET, BY TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. ARTICULATED ROBOTS

4.2.1. Key market trends
4.2.2. Key drivers and opportunities
4.2.3. Market size and forecast

4.3. CARTESIAN ROBOTS

4.3.1. Key market trends
4.3.2. Key drivers and opportunities
4.3.3. Market size and forecast

4.4. SCARA ROBOTS

4.4.1. Key market trends
4.4.2. Key drivers and opportunities
4.4.3. Market size and forecast

4.5. CYLINDRICAL ROBOTS

4.5.1. Key market trends
4.5.2. Key drivers and opportunities
4.5.3. Market size and forecast

4.6. OTHER ROBOTS

4.6.1. Key market trends
4.6.2. Key drivers and opportunities
4.6.3. Market size and forecast

Chapter: 5 INDUSTRIAL ROBOTICS MARKET, BY END-USER INDUSTRY

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. AUTOMOTIVE

5.2.1. Key market trends
5.2.2. Key drivers and opportunities
5.2.3. Market size and forecast

5.3. ELECTRICAL & ELECTRONICS

5.3.1. Key market trends
5.3.2. Key drivers and opportunities
5.3.3. Market size and forecast

5.4. CHEMICAL, RUBBER & PLASTICS

5.4.1. Key market trends
5.4.2. Key drivers and opportunities
5.4.3. Market size and forecast

5.5. MACHINERY

5.5.1. Key market trends
5.5.2. Key drivers and opportunities
5.5.3. Market size and forecast

5.6. METALS

5.6.1. Key market trends
5.6.2. Key drivers and opportunities
5.6.3. Market size and forecast

5.7. FOOD & BEVERAGES

5.7.1. Key market trends
5.7.2. Key drivers and opportunities
5.7.3. Market size and forecast

5.8. PRECISION & OPTICS

5.8.1. Key market trends
5.8.2. Key drivers and opportunities
5.8.3. Market size and forecast

5.9. OTHERS

5.9.1. Key market trends
5.9.2. Key drivers and opportunities
5.9.3. Market size and forecast

Chapter: 6 INDUSTRIAL ROBOTICS MARKET, BY FUNCTION

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. SOLDERING & WELDING

6.2.1. Key market trends
6.2.2. Key drivers and opportunities
6.2.3. Market size and forecast

6.3. MATERIAL HANDLING

6.3.1. Key market trends
6.3.2. Key drivers and opportunities
6.3.3. Market size and forecast

6.4. ASSEMBLING & DISASSEMBLING

6.4.1. Key market trends
6.4.2. Key drivers and opportunities
6.4.3. Market size and forecast

6.5. PAINTING & DISPENSING

6.5.1. Key market trends
6.5.2. Key drivers and opportunities
6.5.3. Market size and forecast

6.6. MILLING, CUTTING, AND PROCESSING

6.6.1. Key market trends
6.6.2. Key drivers and opportunities
6.6.3. Market size and forecast

6.7. OTHERS

6.7.1. Key market trends
6.7.2. Key drivers and opportunities
6.7.3. Market size and forecast

Chapter: 7 INDUSTRIAL ROBOTICS MARKET, BY GEOGRAPHY

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Key drivers and opportunities
7.2.3. Market size and forecast, by type
7.2.4. Market size and forecast, by end-user industry
7.2.5. Market size and forecast, by function
7.2.6. Market size and forecast, by country
7.2.7. U.S.

7.2.7.1. Market size and forecast, by type
7.2.7.2. Market size and forecast, by end-user industry
7.2.7.3. Market size and forecast, by function

7.2.8. Canada

7.2.8.1. Market size and forecast, by type
7.2.8.2. Market size and forecast, by end-user industry
7.2.8.3. Market size and forecast, by function

7.2.9. Mexico

7.2.9.1. Market size and forecast, by type
7.2.9.2. Market size and forecast, by end-user industry
7.2.9.3. Market size and forecast, by function

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key drivers and opportunities
7.3.3. Market size and forecast, by type
7.3.4. Market size and forecast, by end-user industry
7.3.5. Market size and forecast, by function
7.3.6. Market size and forecast, by country
7.3.7. UK

7.3.7.1. Market size and forecast, by type
7.3.7.2. Market size and forecast, by end-user industry
7.3.7.3. Market size and forecast, by function

7.3.8. Italy

7.3.8.1. Market size and forecast, by type
7.3.8.2. Market size and forecast, by end-user industry
7.3.8.3. Market size and forecast, by function

7.3.9. Germany

7.3.9.1. Market size and forecast, by type
7.3.9.2. Market size and forecast, by end-user industry
7.3.9.3. Market size and forecast, by function

7.3.10. France

7.3.10.1. Market size and forecast, by type
7.3.10.2. Market size and forecast, by end-user industry
7.3.10.3. Market size and forecast, by function

7.3.11. Rest of Europe

7.3.11.1. Market size and forecast, by type
7.3.11.2. Market size and forecast, by end-user industry
7.3.11.3. Market size and forecast, by function

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key drivers and opportunities
7.4.3. Market size and forecast, by type
7.4.4. Market size and forecast, by end-user industry
7.4.5. Market size and forecast, by function
7.4.6. Market size and forecast, by country
7.4.7. China

7.4.7.1. Market size and forecast, by type
7.4.7.2. Market size and forecast, by end-user industry
7.4.7.3. Market size and forecast, by function

7.4.8. Japan

7.4.8.1. Market size and forecast, by type
7.4.8.2. Market size and forecast, by end-user industry
7.4.8.3. Market size and forecast, by function

7.4.9. India

7.4.9.1. Market size and forecast, by type
7.4.9.2. Market size and forecast, by end-user industry
7.4.9.3. Market size and forecast, by function

7.4.10. South Korea

7.4.10.1. Market size and forecast, by type
7.4.10.2. Market size and forecast, by end-user industry
7.4.10.3. Market size and forecast, by function

7.4.11. Rest of Asia-Pacific

7.4.11.1. Market size and forecast, by type
7.4.11.2. Market size and forecast, by end-user industry
7.4.11.3. Market size and forecast, by function

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key drivers and opportunities
7.5.3. Market size and forecast, by type
7.5.4. Market size and forecast, by end-user industry
7.5.5. Market size and forecast, by function
7.5.6. Market size and forecast, by region
7.5.7. Latin America

7.5.7.1. Market size and forecast, by type
7.5.7.2. Market size and forecast, by end-user industry
7.5.7.3. Market size and forecast, by function

7.5.8. Middle East

7.5.8.1. Market size and forecast, by type
7.5.8.2. Market size and forecast, by end-user industry
7.5.8.3. Market size and forecast, by function

7.5.9. Africa

7.5.9.1. Market size and forecast, by type
7.5.9.2. Market size and forecast, by end-user industry
7.5.9.3. Market size and forecast, by function

Access Full Summery @ https://www.alliedmarketresearch.com/industrial-robotics-market?utm_source=OPR

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.