Global Industrial
Robotics Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Industrial Robotics so
that market participants can improve their business strategy and ensure
long-term success. This report provides players with useful information and
suggests result-based ideas to give them a competitive advantage in the global Industrial
Robotics industry. It will show how other players compete in the global Industrial
Robotics Market and explain the strategies you use to differentiate yourself
from other participants.
This Research Report
Answers the Following Questions:
·
How Industrial
Robotics market will
grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Industrial Robotics?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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The global industrial
robotics Industry was estimated at USD 31.45 billion in 2016 and is expected to
reach USD 41.23 billion by 2020. Growing concerns to reduce operational costs
by many manufacturing companies is expected to drive the global market growth.
Industrial robots are designed to control and automate processes including
testing, assembly, packaging, welding, product inspection and painting. Human
errors can be minimized, thereby increasing the process efficiency and
reliability of the machinery. The growth of the market can be majorly
attributed to the adoption of automation through robotics that ensures quality
production while meeting market demand as well as the growing demand from
small- and medium-scale enterprises in developing countries.
Rising labor costs in many
mature economies including U.S. and UK is estimated to drive the global
robotics market. Many heavy machinery manufacturers are expected to replace
workforce with automation to reduce hiring costs and increase overall
production. Automation involves the installation of advanced technologies and
sensors, such as cloud communications and wireless, to monitor and control the
entire facility throughout the day.
The prerequisite to comply
with governmental regulations and to reduce costs has encouraged the use of
industrial robots in heavy industries market. For example, the average labor
costs in China have been rising by nearly 10% yearly. The use of robots in
industries has helped to reduced workers idle time by 80% and save more than
50% of the production cost, leading to significant cost savings. The use of
industrial robots for tasks such as welding and sheet handling in heavy
industries has also proved the efficiency of the robotic systems in terms
reduction in cycle time and raw material wastage.
Implementation of robotic
in heavy industry sector is expected to increase the operational flexibility of
end users for addressing various product requirements. Robots are used to
handle repetitive tasks and are also ideal for multitasking. They are usually
deployed in accident prone areas in different production lines
Based on the application
type, the global market has been segmented into industrial welding robots,
material handling and assembly line robots. Material handling is expected to
account for largest market share owing to increasing demand for efficient
handling if heavy machinery under severe working conditions. These robots can
handle heavy payloads and also are very useful in huge machine components which
cannot be lifted manually. Welding robots can be attributed as the fastest
growing segment and is widely used in automotive industry for arc welding.
On the basis of end user,
the industrial robotics market can be segmented into construction machinery,
metalworking machinery and other heavy machinery. The metalworking machinery is
estimated to have the largest market. This segment involves conventional
machine tools and computer numerical control machine manufacturing and is
expected to collaborate with robot-machine for efficient and smooth functioning
of machinery. Construction machinery is anticipated to have high growth rate
over the forecast period owing to industrialization and globalization.
The other heavy machinery
segment includes textile machinery, engineering machinery, F&B machinery,
machinery for consumer durables and paper machinery. High costs, Lack of
skilled labor and high necessity to improve production processes have led
industries to opt for robots as a solution to their production problems.
There are various types of
industrial robots, including Cartesian robots, articulated robots, cylindrical
robots and SCARA robots. All The above robots are used in the heavy machinery
industry for different processes, including soldering and welding, assembling
and disassembling, handling of materials and processing dispensing, painting,
milling, cutting, and other processes. Rapid evolution of technology has also
lead in invention of advanced robots such as collaborative robots. These robots
are expected to be much safer to handle and can work along with humans,
especially during assembly processes.
Global economic growth,
rapid industrial development, and urbanization have led to the development of
infrastructure projects and commercial establishments worldwide, particularly
in Asia Pacific and the Middle East. The U.S. is expected to see highest growth
rate over the forecast period. This rapid growth can be attributed to emissions
that are expected to fuel the market growth, and the legislations regarding
energy efficiency especially in the U.S., as robots are energy efficient and
reduce the overall energy consumption and energy costs.
Key industry participants
in the global market are Fanuc, ABB, Yaskawa and Kuka. Other Prominent Vendors
include, Apex Automation and Robotics, Adept Technology, Denso Robotics,
Kawasaki Robotics, Epson Robotics, Mitsubishi Electric, Rethink Robotics, TM
Robotics, Nachi Robotic Systems and Universal Robots.
The manufacturing robotics
market in the heavy industry is expected that robotics vendors usually take
long lead-times to fulfill small-sized orders, and this deters companies from
investing in robotics. Small-sized orders arise from customers that have
limited cash flows, and this is a challenge for the market.
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