Industrial Robotics Market Projected to Grow Steadily During (2014-2020)
The global industrial robotics market is experiencing the robust growth with numerous untapped opportunity. In 2013, the global industrial robotics market registered around 12% to 15% year on year growth which is expected to grow at same pace for the forecast period. The factors driving the growth of global industrial robotics market are growing automation to meet production demand, need for meeting the technology standard set by government and industry associations and, increasing production capacity to anticipate the future demand. The use of industrial robotics helps to achieve automation in manufacturing process which is the major trend in global industrial robotics market.
Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-285
The industrial robotics market is segmented on the basis industry which are automotive industry, chemical, rubber and plastics industry, electrical & electronics industry metal and machinery industry, pharmaceutical industry,food and beverages industry, and construction industry, among others. The global industrial robotics market dominates in automotive industry followed by electrical and electronics industry, food and beverages industry, pharmaceutical industry respectively. Growing demand for vehicles across the globe is the major factor to drive demand in automotive industry segment of the global industrial robotics market. The growth in demand of industrial robotics in the electrical and electronics industry segment of the global industrial robotics market is likely to spur by various factors such as growing demand for consumer electronics products, increasing number of mobile shipments, etc.
On the basis of geographical regions the global industrial robotics market is segmented into seven key regions which are North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. As of 2013, Asia pacific region dominated the global industrial robotics market in terms of revenue followed by America and Europe. The Asia pacific segment of industrial robotics segmented is expected to maintain its dominance due to developing countries like China and India where automation in manufacturing is pacing up, additionally the penetration of installation of industrial robots has increased in small scale industries.
Global industrial robotic market is segmented on the basis of applications which are welding robots, material handling robots, assembling and disassembling robots, packaging and palletizing robots, measurement, inspection and testing robots, painting robots, cutting, grinding and deburring robots among others.The global industrial robotics market is expected to grow two fold with a CAGR about of 5% to 8 % for the forecast period.
The global industrial robotics market is expected to grow at a moderate pace during the forecast period. Key drivers of the global industrial robotics market include significant growth in non-automotiveapplications for industrial robots, increase productivity in industries with low manufacturing cost, reduction of duties and refurbished goods followed by rising demand for automation with higher labour cost.
Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-285
Key challenges for global industrial robotics market include stagnation of industrial manufacturing process followed by higher manufacturing cost and uncertainty.Major players in the global industrial robotics market include FANUC Corporation, Yaskawa Electric Corporation, Kuka AG, Kawasaki Heavy Industries Ltd, Denso Wave Incorporated, Mitsubishi Electric, ABB Ltd, Toshiba Machine, American Robot Corporationand Universal Robots.Growth in the global industrial robotics market is estimated to grow significantly as every industry in trying to be more and more efficient by automating their processes robotically. The unique ability of robots to perform numerous steps without human intervention and adapt to different conditions along with up gradation of technology is showcasing a promising future for industrial robotics market.
Future Market Insights (FMI) is a leading market intelligence and consulting firm.We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
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 Projected to Grow Steadily During (2014-2020) here
News-ID: 655731 • Views: 162
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Robot
Global Humanoid Robot Market
Global Humanoid Robot Market was valued US$ 624.2 Mn in 2017 and is estimated to reach US$ 5, 455 Mn by 2026 at a CAGR of about 52.32% during a forecast period. Global humanoid robot market is segmented into the component, motion type, application, and region. On the basis of the component, a market is divided into hardware and software. based on motion type, the market is segmented into biped, wheel
Global Robot Vacuums Market Research
Global Robot Vacuums Market Research in addition, rising interest for automated vacuum cleaners can be ascribed to expanding center around accommodation and the travel industry areas, particularly in creating nations, combined with expanding tendency towards tidiness and cleanliness in the private segment inferable from less time accessibility for family unit errands because of busier ways of life Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=6220 Table of Contents 1 Robot Vacuums Market Overview 1.1 Product Overview
India’s first banking robot
Taking a cue from a Japanese bank – Bank of Tokyo-Mitsubishi UFJ – Indian banks plan to use robots with artificial intelligence. Kumbakonam-based City Union Bank launched India’s first robot on-site assistant, known as Lakshmi. The robot imitates human action, thereby reducing the response time to customers by up to 60% and improving accuracy tremendously. The bank became the first to deploy robots that can perform repetitive, high volume and time-consuming
Humanoid Robot Market 2017 Research & Development
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD) , market share and growth rate of Humanoid Robot in these regions, from 2012 to 2022 (forecast) , covering United States EU China Japan South Korea Taiwan For more information about this report at http://www.reportsweb.com/2012-2022-report-on-global-humanoid-robot-market-competition-status-and-forecast-market-size-by-players-regions-type-application Global Humanoid Robot market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Kawada (Japan) (HRP-4) Honda (Japan)
Europe Cleaning Robot Market Report 2016
This report studies sales (consumption) of Cleaning Robot in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering Dyson Ltd. Ecovacs Robotics, Inc. Infinuvo iRobot Corporation Koninklijke Philips N.V. LG Electronics, Inc. Neato Robotics, Inc. Samsung Electronics Co., Ltd. Market Segment by Countries, this report splits Europe into several key Countries, with sales (consumption), revenue,
Robot Technology in the Ascendant
Multi Talent PARO® Juggles with Balls At the shared booth of the Ministry of Economic Affairs and Energy of the State of North Rhine-Westphalia, the PARO® palletising robot demonstrated its skills and flexibility when handling unusual package types: In addition to boxes, also balls were palletised in Hannover this year. The PARO® robot, originally designed for palletising processes at the end of production lines, placed balls onto an air stream at the