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Improvement of Programming Languages Proves Beneficial for Global Industrial Robotics Market
MarketResearchReports.biz has added the report, titled, “Global Industrial Robotics Services Market 2017–2021,” to its offering. The report offers information on the revenue in the market, provides a qualitative analysis of the growth drivers and restraints, and also leverages historical and current data to predict its future trajectory.
Industrial robotics has many advantages. It helps to up efficiency in manufacturing by reducing the idle time of workers substantially. This in turn helps companies to control production costs. On account of such benefits industrial robotics is seeing swift adoption. The report predicts the global market for industrial robotics to rise at a healthy 10.16% CAGR from 2017 to 2021.
Besides, the inherent advantages, other factors proving beneficial to the global market for industrial robotics is the improvement in the programming language for robots, emergence and popularity of remote services and sophisticated technologies such as Internet of Things (IoT), and growing customization of services.
Providing headwinds to the global market for industrial robotics, on the other hand, is the steep prices of services, problems in bringing about a holistic customer service experience, and need to comply with a slew of strict rules and regulations. Besides, lack of trained professionals to oversee and operate the processes is another challenge facing the market. Prominent trends in the market discussed in the report include the rise of virtual commissioning, innovative approaches to training professionals, and leveraging of data analytics to uncover valuable insights which in turn serve to improve customer experience.
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Having thrown light on the growth drivers, restraints, and trends, the report goes on to segment the market for industrial robotics based on various parameters and studies each segment in-depth to draw important information. Depending upon types, for example, it classifies the market into welding, material handling, assembling, painting, etc. Among them, the material handling robots segment holds a substantial share in the market on account of their demand in heavy industries where they help in handling heavy components in difficult working conditions.
The report finds that companies in the chemicals, automotive, electrical and electronics, industrial machinery, and food and beverages sectors are mainly responsible to driving demand in industrial robotics market.
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The key regions in the global market for industrial robotics studied in the report are Asia Pacific, the Americas, and the Europe, Middle East, and Africa. Asia Pacific, of them, is a dominant market on account of the presence of heavy industries in the region. In the near future, however, the Americas is predicted to grow at maximum pace owing to legislations pertaining to energy efficiency and emissions.
Some of the prominent participants in the global market for industrial robotics profiled in the report are ABB, KUKA, Yaskawa Motoman, Omron Adept Technologies, Remtec Automation, and FANUC.
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