Global Industrial Robots Market is Booming With UDS 38.20 Billion With CAGR 9.54% Till 2024
The Global Industrial Robots Market accounted to USD 38.20 billion in 2016 growing at a CAGR of 9.54% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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An industrial robot is the robot system that is designed with the intention of moving materials, parts, and devices, and also to perform a variety of programmed tasks in the manufacturing and production lines. Industrial robots are used in many fields such as painting, assembly, welding, packaging and labeling, palletizing, product inspection and testing. SCARA robots, articulated robots and delta robots are majorly used robots worldwide.
Industrial Robots Market Competitive Analysis:
Industrial Robots Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
• Growing demand of robots in various sectors such as packaging, material handling, agriculture
• Increasing Automation in Commercial, Industrial, and Residential Sector
• Technological advancements in the field of robots
• Surge in demand from SMEs in developing countries
• Surge in productivity
• Effective waste reduction
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On the basis of type, the Industrial Robots Market is segmented into Articulated Robots, Cylindrical Robots, Cartesian Robots, Polar Robots, SCARA Robots, Delta Robots, Parallel Robots, Gantry Robots, and Collaborative Industry Robots.
On the basis of Components the Industrial Robots Market is segmented into Controller, Industrial Robot Arms (Manipulator) End-Effector, Drive, Sensors, and Others.
On the basis of Industry the Industrial Robots Market is segmented into Automotive, Chemical and Manufacturing, Construction, Electrical and Electronics, Food and Beverages, Machinery and Metals, Pharmaceuticals, Plastics, and Others.
On the basis of Function the Industrial Robots Market is segmented into Assembling and Disassembling, Cutting and Processing, Material Handling, Painting and Dispensing, Soldering and Welding.
On the basis of geography, Industrial Robots Market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Industrial Robots Market Major Market Competitors:
• ABB Ltd,
• Kuka AG,
• Yaskawa Electric Corporation,
• Kawasaki Heavy Industries LTd,
• Adept Technologies,
• Comau SPA,
• Fanuc Coporation,
• Mitsubishi Electric Corporation,
• Denso Corporation,
• Universal Robots A/S,
• CMA Robotics S.P.A.,
• Omron Adept Technologies, Inc.,
• Stäubli International AG,
• Daihen Corporation,
• Seiko Epson Corporation.
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