Press release
Industrial Robotics Market- Analyzed To Be Fastest Growing market
It may either be fixed or mobile, as per its required use in industrial automation processes. There are different types of industrial robots which include cylindrical robots, articulated robots, Cartesian robots and SCARA robots among others.
All these types of robots offer unique features and advantages, and are hence used majorly in a number of industry verticals namely, electrical & electronics industry, automotive industry, machinery industry, chemical, rubber & plastics industry, metals industry, precision & optics industry and food & beverages industry among other types of industries.
Request A Sample Of This Report
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3187
These robots carry out a number of functions namely, materials handling, soldering and welding, assembling & disassembling, milling, cutting and processing, and painting and dispensing among other types of functions, in all the above mentioned industry verticals globally.
Articulated robots led the global market revenue share by types in 2013, followed by Cartesian robots. The other types of robots which include SCARA robots and cylindrical robots among others are also expected to witness significant growth owing to the increasing usage of industrial robotics across varied industry verticals, over the forecast period 2014 to 2020.
The global industrial robotics market was dominated by the automotive industry segment which accounted for over one-fourth of the market revenue share in the year 2013. However, this sector is experiencing reduced growth compared to previous years due to slowdown in industrial production. Metals, foods & beverages, and precision & optics were the most attractive segments in the year 2013 and are analyzed to grow at the fastest pace compared to other industry verticals.
The global industrial robotics market revenue share by functions was dominated by the materials handling segment which accounted for over one-third of the global share in the year 2013 and is also analyzed to continue its dominance over the forecast period 2014 to 2020.
Rising demand among varied industry verticals such as packaging, consumer electronics and electrical in the APAC and RoW regions are expected to further propel the industrial robotics market in this segment. In 2013, soldering and welding function was another major segment which accounted for over one-fourth of the global industrial robotics market owing to high end usage in machinery industry, where precision and accuracy are key factors.
Asia Pacific led the global industrial robotics market revenue share in the year 2013, accounting for over half of the global market revenue share. The region is analyzed to dominate the market over the forecast period 2014 to 2020 owing to the immense research and development infrastructure growth in countries such as Japan, Australia, China and India. Moreover, the adoption of robotics in small and medium enterprises (SME’s) is further expected to bolster the industrial robotics market in the Asia Pacific region. North America and Europe trailed Asia Pacific by accounting for over 20% of the global market revenue share in the year 2013. In North America, Mexico is expected to offer tremendous potential across varied application sectors in the coming years.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Robotics Market- Analyzed To Be Fastest Growing market here
News-ID: 413338 • Views: …
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for Asia
Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value.
https://boomingfaucet.com/
Asia Private Equity Consulting
E-mail:nolan@pandacuads.com
In China,…
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,…
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022.
23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property…
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019".
The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn…
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia
Equipping Asia’s navies with the latest diving technology for asymmetric warfare and
operations
SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is
seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting…
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients.
Asked to comment on the move, Luke Palmer, the…
