The global industrialrobotics Industry was estimated at USD 25.68 billion in 2013
and is expected to reach USD 40.00 billion by 2020 owing to increased number of
deployments in the manufacturing sector to simplify complexities and enhance
productivity. Industrial robots are being increasingly used to simplify
business activities including marketing, designing, selling, building,
installing, maintaining and operating.
An increased emphasis has been laid on
productivity index to sustain in the competitive environment of the
manufacturing sector and achieve quality results is expected to drive the
industrial robotics market. Increasing labor costs coupled with growing demand
from automotive industry is anticipated to be a key driving factor in the
industry.
Manual labor has eventually replaced with
self-programming robots owing to the job efficiency and cost-effectiveness on
account of their ability to sense environmental changes through integration of
sophisticated sensors. Growing measures concerning safety rights of laborers
are also expected to augment growth in the market.
Application of robots in non-automotive
industries namely chemicals, food & beverages, electronics, and electricals
have resulted in the development of new opportunities and prospects over the
past few years. Increasing installation costs and lack of skilled labor are expected
to pose a challenge for the companies.
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In 2013, automotive robots contributed to
the highest market share by volume. The market is projected to gain prominence
over the forecast period on account of technological advancements and
integration of artificial intelligence. Increasing demand from heavy machinery
and food processing industries are also expected to have a positive impact on
growth over the coming years.
Asia Pacific accounted for the largest
market in 2013 on account of substantial investments by organizations to expand
globally. Countries including Korea, Japan, and China have experienced
significant growth owing to supportive government programs involving tax
incentivisation, investments in skill management, and R&D funding while
Singapore, Taiwan, and India are anticipated to have a high potential for
growth.
Rising production capacities in North
America coupled with the modernization of factories are expected to result in
an increasing number of robotic installations. Significant investment in
robotics by automotive industry players in Europe is projected to augment
demand over the forecast period.
The industrial robotics market encompasses
numerous Japanese suppliers namely Denso, Motoman and Fanuc. Europe comprises
of specialized industrial robotics establishments including Kuka and Comau
along with prominent corporations including BAE and ABB Systems.
New entrants are expected to emphasize on a
particular application and find ways to diversify to cope with high capital
cost. Initiatives including “Blue Competence” sustainability initiative by
Anlagenbaue.V. (VDMA) and VerbandDeutscherMaschinen, which aims at achieving
environmental sustainability through technological modernization, is expected
to propel growth in the coming years.
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Grand View Research has segmented the
global industrial robotics market on the basis of application and region:
Industrial Robotics Application Outlook (Volume, Thousand
Units & Revenue, USD Billion; 2012 - 2020)
·
Automotive
·
Electrical/Electronics
·
Metal/Heavy Machinery
·
Chemical, Rubber & Plastics
·
Food
·
Others
Industrial Robotics Regional Outlook (Volume, Thousand
Units & Revenue, USD Billion; 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
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report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-industrial-robotics-marketAbout Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
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