Global Robotics Market in Rubber, Plastics, and Chemicals Industries 2017-2021

key players in the global robotics market in rubber, plastics, and chemicals industries: ABB, FANUC, Kawasaki Heavy Industries, and KUKA.

Other Prominent Vendors in the market are: Balyo, BA Systèmes, Bastian Solutions, DF Automation and Robotics, Omron Adept Technologies, READY Robotics, Rethink Robotics, Seegrid, Smart Robotics, Stäubli, Suzhou Industrial Park AGV Technologies, Transbotics, and Yaskawa Motoman.

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One trend in the market is increase in adoption of robotics by SMEs. There is a trend of outsourcing most manufacturing operations to emerging economies, such as Mexico and India, with low labor costs. Therefore, SMEs in developed countries are increasingly automating their manufacturing plants and adopting robots to stay competitive. Vendors such as Comau have designed the Racer 3 co-bot, targeted especially at SMEs.

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According to the report, one driver in the market is advantages of robotics over other automation methods. Unlike automated equipment, robots have the ability to maintain a consistent speed for extended periods of time. Also, unlike manual processes that see a lack of standardization and shortfall in productivity, in situations where the staff experiences fatigue, robots have very little downtime. The forecast period will see an increased adoption of applications such as robotic injection molding to ensure consistent and high-quality operations. Other applications such as packing, palletizing, and painting and inspection and quality control will also be made more efficient using robots.

Further, the report states that one challenge in the market is high cost of implementation. As robotic systems involve the use of sensors, software, and advanced technologies in vision systems and feeding devices, their prices are considerably high and require a large initial one-time payment. The costs appreciate depending on the customization and other operational requirements of the end-users in the rubber, plastics, and chemicals industries. Thus, owing to the high implementation cost, only companies that derive significant cost benefits and reduction in changeover times can implement robots in their manufacturing firms.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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