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Industrial Robotics Market Size, Share, Analysis, Growth And Forecasts 2020

905 words - 4 pages

Industrial robots as per defined by ISO 8373 are “automatic controlled”, manipulator programmable into three or more axes, that may be either rigid or movable for utilizing in engineering automation applications”. As these industrial robots are flexible and are of multi-use, they have capability to adapt to various applications with a few physical alterations. The reprogrammable nature of industrial robots permits for modification in their functions or motions without any physical changes. At the times of the economic recession several production companies witnessed no growth in the market. Along with this the uncertainty and rising cost or increasing cost had hampered the industrial ...view middle of the document...

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Application Insights
The automobile sector dominates the robotics market. Job efficiency, cost effectiveness and safety, are the well-known reasons for the usage of industrial robots in the automotive sector. The rubber, chemical, food and plastic industry, also increased quantity of their requirement for industrial robots. However, electronics/electrical industry and heavy machinery has shown minor decrease in their need for industrial robots. However, electronic industries have great potential for employment of industrial robots to retool their manufacturing processes to provide to the increasing demand of the people.
Regional Insights

The Japan, Korea, U.S, China, Germany are dominating market according to regions on the basis of sales. Japan is the biggest robot market in world followed by China as per information of International Federation of Robotics. Korea and Japan have higher robot density rates than any other country in world owing to robot installations in the electronics sector. Investments in automotive sector have been increasing in Australia. Asia Pacific is anticipated to account for the major market share on a international level. In the Americas, transformation of industries and increasing in manufacturing capabilities particularly of the automotive industry in Brazil and North America has lead to a considerable speeding up of robot installations. Within the Europe, Germany is the biggest industrial robotics market. This may be attributed to the growing automation of the automotive industries in Germany.

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Competitive Insights

Major players in the worldwide industrial robotics market are Adept Technology Inc, ABB Ltd, EPSON Electronics Company, DENSO Corporation, Güdel AG, Fanuc Robotics Company, Kawasaki Robotics, Stäubli International AG, Mitsubishi Electric Corporation, Kuka AG, Panasonic Welding Solutions Ltd., Toshiba Machine...

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