Press release
At A CAGR Of 12.25% , Industrial Robotics Market in the US will rise in the period of 2016-2020
About Industrial Robotics Market in the USIndustrial robots consist of a robotic arm, control cabinet, control panel, and other peripherals. They are used for various manufacturing applications, including welding, painting, pick and place, palletizing, cutting, assembly, and product testing, and inspection. They are often used to perform tasks that are repetitive, laborious, and dangerous.
The industrial robotics market in the US is growing significantly due to increasing automation in the manufacturing sector and advances in the robotic technology. The US market is primarily driven by the motor vehicle industry followed by the industrial machinery industry. Industries such as food and beverage, rubber and plastic, and pharmaceutical use industrial robots in their manufacturing operations to reduce labor cost and increase competitiveness.
Technavios analysts forecast the industrial robotics market in the US to grow at a CAGR of 12.25% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the industrial robotics market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of industrial robots.
The market is divided into the following segments based on robot types
Articulated
Cartesian
SCARA
others
Technavio's report, Industrial Robotics Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=668395
Key vendors
ABB
Adept Technology
FANUC
KUKA
Yaskawa Electric
Competition Financials
Other prominent vendors
Epson Robotics
Kawasaki Heavy Industries
Mitsubishi Electric
Staubli Robotics
Yamaha Robotics
Market driver
Reduction in company expenditure
For a full, detailed list, view our report
Market challenge
High initial investment
For a full, detailed list, view our report
Market trend
Growing demand for cobots
For a full, detailed list, view our report
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