Press release
ABB Ltd, Yaskawa Electric Corporation is Dominating “Global Industrial Robots Market” Followed By Other Companies with CAGR of 9.54% by 2024
Global Industrial Robots Market By Type (Articulated Robots, Cylindrical Robots, Cartesian Robots, Polar Robots, SCARA Robots, Delta Robots, Parallel Robots, Gantry Robots, Collaborative Industry Robots), By component (Controller, Industrial Robot Arms (Manipulator) End-Effector, Drive, Sensors, Others), By Industry (Automotive, Chemical and Manufacturing, Construction, Electrical and Electronics, Food and Beverages, Machinery and Metals, Pharmaceuticals, Plastics, Others (Rubber, Optics)), By Function(Assembling and Disassembling, Cutting and Processing, Material Handling, Painting and Dispensing, Soldering and Welding) (By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024.
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Company 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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Segmentation In Depth:
On the basis of type:- 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:- Controller, Industrial Robot Arms (Manipulator) End-Effector, Drive, Sensors, and Others.
On the basis of Industry:- Automotive, Chemical and Manufacturing, Construction, Electrical and Electronics, Food and Beverages, Machinery and Metals, Pharmaceuticals, Plastics, and Others.
On the basis of Function:- Assembling and Disassembling, Cutting and Processing, Material Handling, Painting and Dispensing, Soldering and Welding.
On the basis of geography:- North America & South America, Europe, Asia-Pacific, and Middle East & Africa. 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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Major Market Competitors:
Some of the major players operating in Industrial Robots Market are
• ABB Ltd,
• Fanuc,
• Denso,
• Kuka AG,
• Yaskawa Electric Corporation,
• Kawasaki Heavy Industries LTd,
• Toshiba,
• Panasonic,
• Nachi,
• Yamaha,
• Epson,
• Staubli,
• 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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