Industrial robotics is a breakthrough technology that made the working process in any industry efficient and time saving. These robots are employed for various applications such as material handling, welding, dispensing, processing, assembly purposes and others. There is high scope for the Industrial Robotics Market in various regions across the globe through 2020.
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Scope and Regional Forecast of the Industrial Robotics Market:
The Industrial Robotics Market is anticipated to generate total capital of around $12.47 billion by 2020 with the growth at a CAGR of 4.4% till 2020. The major investing end user industry in this market is automotive industry which showed a significant growth.
In the Industrial Robotics Market, the investment by automotive industry during 2010-2013 grew 22% on an average every year which is the highest growth in investment compared to any other industry. Asia Pacific is the leading region in this market and recorded sales of around 40% in 2013.
Japan and China are the major markets in the Asia Pacific for the Industrial Robotics Market owing to high robotic installations in industries through 2020. Other than these regions, Germany, United States and South Korea showed high demand for robots in 2014.
The Industrial Robotics Market is a fast growing market with increasing use of mechanical arm robots in industry along with other types of uses of robotics and automation in various regions across the globe. This market is expected to have high growth owing to the rise in R&D expenditure for automation and robotics by industrial robotics companies, rise in manufacturing robots in the robotics industry and growing adoption of robotic automation in different end user industries in various regions across the globe through 2020.
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Segmentation and Key Players of the Industrial Robotics Market:
The Industrial Robotics Market is categorized into various segments by type, by application, by industry and by geography in the market research report by IndustryARC.
By type: articulated robot, cylindrical robot, linear robot, parallel robot, scara robot and others
By application: welding (laser welding, arc welding, gas welding), packaging and palletizing, material handling, assembling, industrial (measurement, inspection, testing, cutting, grinding), painting and others
By industry: automotive, electrical and electronics, food and beverages, metal fabrication, packaging and palletization, medical, chemical, construction and others
By geography: North America, South America, Europe, Asia Pacific and ROW
Some of the prominent key players in the Industrial Robotics Market include:
- ABB Ltd. (Switzerland)
- KUKA AG (Germany)
- Kawasaki Robotics Inc. (U.S.)
- FANUC Corporation (Japan)
- Stäubli International AG (Switzerland)
There is rise in demand for robotic arm design with different functionalities in the assembly line in industries and expected growth in investment for automation robotics companies development by 2020.
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