Industrial Robotics Market in APAC to grow at a CAGR of 8.7% during the period 2017-2020

ALBANY, NY, May 5, 2017 : Industrial robots have become an alternative application to replace human workforce. Various counties in APAC have witnessed increased demand for industrial robots for mass production, efficiency, better quality, product standardization, and reduce wastage. These robots comprise 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.

Technavios analysts forecast the Industrial Robotics Market in APAC to grow at a CAGR of 8.7% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the Industrial Robotics Market in APAC for 2016-2020. To calculate the market size, we consider revenue generated from the sales and aftermarket services of industrial robots.

The market is divided into the following segments based on region:
China
Japan
South Korea
India

Technavio's report, Industrial Robotics Market in APAC 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.

Key vendors
ABB
FANUC
Kawasaki Heavy Industries
KUKA
Yaskawa Electric
SIASUN Robot & Automation

Other prominent vendors
Adept Technologies
Epson Robotics
Honda
Mitsubishi Electric
Nachi-Fujikoshi
Staubli Robotics
Yamaha Robotics

Market driver
Rise in factory automation
For a full, detailed list, view our report

Market challenge
High switching cost
For a full, detailed list, view our report

Market trend
Growing IoT in robotics
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.