A recent report published by
Infinium Global Research on the industrial robotics market provides in-depth
analysis of segments and sub-segments in global as well as regional industrial
robotics market. The study also highlights the impact of drivers, restraints
and macro indicators on the global and regional industrial robotics market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global industrial robotics market.
According to the report the global industrial robotics market is projected to grow
at a CAGR of 14.3% over the forecast period of 2018-2024.
Market Insights
The demand for industrial robots
is mainly observed in industries such as automobile and heavy engineering. In
order to overcome the limitations of the traditional labor work, industrial
robots are being evolved which is expected to be the prime factor driving the
growth of the market. Additionally, an increase in the need for automation in
microelectronics and the technology set by the government and industry
association are escalating the demand for the industrial robotics market.
However, the high initial cost for purchasing this equipment followed by
installation cost and high maintenance cost are the factors which are likely to
restrain the growth of the industrial robotics market. Moreover, the use of
industrial robots help to achieve automation in the manufacturing process is
providing major growth opportunities for the key players in the industrial
robotics market.
Segment Covered
The report on global industrial
robotics market covers segments such as type, application, and function. On the
basis of type, the global industrial robotics market is categorized into
introduction, articulated robots, cartesian robots, cylindrical robots,
parallel robots, scara robots and other robots. On the basis of application,
the global industrial robotics market is categorized into introduction,
automotive, chemical, rubber & plastics, electrical & electronics, food
& beverages, machinery, and others. On the basis of function, the global
industrial robotics market is categorized into introduction, assembling &
disassembling, material handling, milling, cutting, and processing, painting
& dispensing, soldering & welding and others.
Geographic Coverage
The report provides regional
analysis covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. In this section, the key trends and market size for each
geography is provided over the period of 2016-2024. The countries covered in
the North America region include the U.S., Canada, and Mexico; while
Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included
in the European region. The U.S. drives the growth in the North America region
as it is the largest market in the region. The Asia-pacific region offers a
substantial potential for the market growth owing to rapid growth in markets
such as India and China. The APAC region
is projected to experience growth at a CAGR of x.x% over the period of
2018-2024.
Companies Profiled:
The report provides profiles of
the companies in the global industrial robotics market such as ABB Ltd., Comau
S.P.A., Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, Ltd.,
Kuka AG, CMA Robotics S.P.A., Mitsubishi Electric Corporation, Nachi-Fujikoshi
Corp., Universal Robots A/S and Yaskawa Electric Corporation.
Report Highlights:
The report provides deep insights
on demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the global industrial robotics market. Moreover, the IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing or
new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of the industrial robotics market.
Moreover, the study highlights
current market trends and provides forecast from 2018-2024. We also have
highlighted future trends in the industrial robotics market that will impact
the demand during the forecast period. Moreover, the competitive analysis given
in each regional market brings an insight into the market share of the leading
players. This report will help manufacturers, suppliers, and distributors of the
industrial robotics market to understand the present and future trends in this
market and formulate their strategies accordingly.