Industrial Robotics Market 2018 Key Players: Fanuc Corporation, Denso Corporation, KUKA AG, Kawasaki Heavy Industries Ltd., Mitsubishi Electronic, Yamaha Motor
The fastest growth in the industrial robotics market is witnessed in countries in the Asia Pacific region including China, Japan, and Taiwan.
(EMAILWIRE.COM, August 20, 2018 ) Market Overview: -
Industrial Robotics Market size is projected to exceed USD 80 billion by 2024. Rapid industrialization and automation practices across various industries are the key industry drivers. The rising adoption of these services in food & beverages, automation, precision & optics industry, machinery & automotive sectors has led to reduced human errors, increased efficiency, and enhanced workforce safety. Additionally, painting and pick & place applications are performed by robotic arms, which reduce the task complexity and occurrence of errors.
The ever-increasing labor costs and the lack of a skilled workforce are driving the growth of the Industrial Robotics Market. Organizations are implementing the services to reduce the labor costs and improve the work efficiency. Additionally, the operating costs of the products are extremely low, contributing to lower operational costs under long-term usage. Moreover, the human limitations to perform tasks and higher production efficiency from the products, drive the market growth.
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Top Key Players: -
Players in the industrial robotics market include Fanuc Corporation, Denso Corporation, KUKA AG, Kawasaki Heavy Industries Ltd., Mitsubishi Electronic Co., Ltd., and Yamaha Motor Co., Ltd. Players are expected to focus on acquisitions, mergers, and new product launches to gain a foothold in the industrial robotics market. For instance, in April 2017, ABB group announced the acquisition of B&R Industrial Automation with an aim to combine technologies offered by both companies to expand its automation product portfolio.
Market share calculation in this report is not done based on companies covered in it. The calculation of industrial robotics market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
The fastest growth in the industrial robotics market is witnessed in countries in the Asia Pacific region including China, Japan, and Taiwan. The booming electronics industry can be attributed to the industry growth in these regions.
Germany and the U.S. have a high utilization of the products owing to the supportive government policies.
For instance, the European Union invested USD 872 million in the development of SPARC robots, which is projected to generate 240,000 jobs across Europe by 2020.
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Industrial robotics industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 End-use trends
Chapter 3 Industrial Robotics Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.2.1 Industry 4.0
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.3.3 Price trend analysis and cost structure breakdown
3.4 Technology & innovation landscape
3.4.1 Development of lightweight robots
3.4.2 Autonomous mobile dual arm robot
3.4.3 Vision guided robots
3.4.4 Cloud robotics and big data
3.4.5 Robot programming software
3.5 Regulatory landscape
3.5.1 RIA 15.06-2013
3.5.2 RoboLaw EU
3.5.3 Robotics and Safety regulations by Occupational Safety and Health Administration (OSHA)
3.5.4 EN ISO 13849-1 standard
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Rising labour costs and inconveniences of employing manual workforce in North America and Europe
3.6.1.2 Government initiatives aiding the growth of the local manufacturing in South-East Asia
3.6.1.3 Rise in SMEs and their growing demand for automation in Europe and Asia Pacific
3.6.1.4 High growth of automation across the automotive and electronic industries in Asia Pacific
3.6.1.5 Low robot density in the Asia Pacific
3.6.2 Industry pitfalls and challenges
3.6.2.1 High initial costs and presence of second-hand and refurbished industrial robot market
3.6.2.2 Safety hazards associated with the usage of industrial robots
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Competitive landscape
3.9.1 Strategy Dashboard
3.9.2 Emerging business model
3.10 PESTEL analysis
Browse Full Report @ https://bit.ly/2t7jaIl
Articulated robots segment accounted for a high share in the industrial robotics market share in 2017 due to the rising use of these products in healthcare & packaging sectors of developing economies. The cylindrical, customized, and refurbished robots are projected to witness a high growth over the forecast time span owing to their rising demand in the expanding manufacturing processes, across the world.
Technological advancements in collaborative robots have a good scope of advancing the industrial robotics market. Collaborative robots can work safely alongside human beings, thereby providing lower initial costs. Advancements in such robots to learn the way human beings work and provide corrective suggestions or take precautionary actions to prevent failures will drive the growth of the industry. Furthermore, over time, the initial costs of the products are projected to decrease owing to the increased applications by a wide range of organizations across the world.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Industrial Robotics Market size is projected to exceed USD 80 billion by 2024. Rapid industrialization and automation practices across various industries are the key industry drivers. The rising adoption of these services in food & beverages, automation, precision & optics industry, machinery & automotive sectors has led to reduced human errors, increased efficiency, and enhanced workforce safety. Additionally, painting and pick & place applications are performed by robotic arms, which reduce the task complexity and occurrence of errors.
The ever-increasing labor costs and the lack of a skilled workforce are driving the growth of the Industrial Robotics Market. Organizations are implementing the services to reduce the labor costs and improve the work efficiency. Additionally, the operating costs of the products are extremely low, contributing to lower operational costs under long-term usage. Moreover, the human limitations to perform tasks and higher production efficiency from the products, drive the market growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1729
Top Key Players: -
Players in the industrial robotics market include Fanuc Corporation, Denso Corporation, KUKA AG, Kawasaki Heavy Industries Ltd., Mitsubishi Electronic Co., Ltd., and Yamaha Motor Co., Ltd. Players are expected to focus on acquisitions, mergers, and new product launches to gain a foothold in the industrial robotics market. For instance, in April 2017, ABB group announced the acquisition of B&R Industrial Automation with an aim to combine technologies offered by both companies to expand its automation product portfolio.
Market share calculation in this report is not done based on companies covered in it. The calculation of industrial robotics market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
The fastest growth in the industrial robotics market is witnessed in countries in the Asia Pacific region including China, Japan, and Taiwan. The booming electronics industry can be attributed to the industry growth in these regions.
Germany and the U.S. have a high utilization of the products owing to the supportive government policies.
For instance, the European Union invested USD 872 million in the development of SPARC robots, which is projected to generate 240,000 jobs across Europe by 2020.
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Industrial robotics industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 End-use trends
Chapter 3 Industrial Robotics Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.2.1 Industry 4.0
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.3.3 Price trend analysis and cost structure breakdown
3.4 Technology & innovation landscape
3.4.1 Development of lightweight robots
3.4.2 Autonomous mobile dual arm robot
3.4.3 Vision guided robots
3.4.4 Cloud robotics and big data
3.4.5 Robot programming software
3.5 Regulatory landscape
3.5.1 RIA 15.06-2013
3.5.2 RoboLaw EU
3.5.3 Robotics and Safety regulations by Occupational Safety and Health Administration (OSHA)
3.5.4 EN ISO 13849-1 standard
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Rising labour costs and inconveniences of employing manual workforce in North America and Europe
3.6.1.2 Government initiatives aiding the growth of the local manufacturing in South-East Asia
3.6.1.3 Rise in SMEs and their growing demand for automation in Europe and Asia Pacific
3.6.1.4 High growth of automation across the automotive and electronic industries in Asia Pacific
3.6.1.5 Low robot density in the Asia Pacific
3.6.2 Industry pitfalls and challenges
3.6.2.1 High initial costs and presence of second-hand and refurbished industrial robot market
3.6.2.2 Safety hazards associated with the usage of industrial robots
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Competitive landscape
3.9.1 Strategy Dashboard
3.9.2 Emerging business model
3.10 PESTEL analysis
Browse Full Report @ https://bit.ly/2t7jaIl
Articulated robots segment accounted for a high share in the industrial robotics market share in 2017 due to the rising use of these products in healthcare & packaging sectors of developing economies. The cylindrical, customized, and refurbished robots are projected to witness a high growth over the forecast time span owing to their rising demand in the expanding manufacturing processes, across the world.
Technological advancements in collaborative robots have a good scope of advancing the industrial robotics market. Collaborative robots can work safely alongside human beings, thereby providing lower initial costs. Advancements in such robots to learn the way human beings work and provide corrective suggestions or take precautionary actions to prevent failures will drive the growth of the industry. Furthermore, over time, the initial costs of the products are projected to decrease owing to the increased applications by a wide range of organizations across the world.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results