Global Industrial Robots Market is expected to register a healthy CAGR of 10.10% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to increase in investments for automation in industries and surge in labor charges worldwide.The global demand at the End-user segment is increasing day by day for the Industrial Robots market due to which Industrial Robots market is rapidly changing the face of industry. This report on the Industrial Robots market is a walk through to all the market definition, classifications, applications and market trends.
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Few of the major competitors currently working in the global industrial robots market are
ABB, KUKA AG, Mitsubishi Electric Corporation, FANUC CORPORATION, Kawasaki Heavy Industries Ltd., YASKAWA ELECTRIC CORPORATION., Seiko Epson Corporation, Stäubli International AG., NACHI-FUJIKOSHI CORP., DENSO CORPORATION., Comau SpA VAT, DAIHEN Corporation, OMRON Corporation, Universal Robots, CMA ROBOTICS SPA ITALY, Artech Automation AS, Panasonic Corporation.
Competitive Analysis
Global industrial robots market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial robots market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Industrial Robots Market By Type (Traditional Industrial Robots, Collaborative Robots), Industry (Automotive, Electrical and Electronics, Plastics, Rubber, and Chemicals, Metals and Machinery, Food and Beverages, Precision Engineering and Optics, Pharmaceuticals and Cosmetics, Others), Technology (Motion Control and Drives Systems, Robotics Systems, Integrated Manufacturing Systems, Machine Vision Systems, Manufacturing Execution Systems, Programmable Logic Control System, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Drivers:
- Growing demand for industrial robotics from SEMs is driving this market
- The increase in investments for innovations and automation in industries is expected to drive the market
- Surging demand for automation activities and reduction in custom duties in the industry is expected to drive the market
- Demand for minimizing defect, waste and downtime are the factors for growth in this market
Market Restraints:
- The high manufacturing cost of industrial robotics solutions is a major hindrance for the industrial robotics market growth
- High investment required for the initial setup is a restraint for this market
Key Developments in the Market
- In November 2017, Kawasaki collaborated with ABB for robot automation cooperation. This can be the world’s 1st collaboration targeted on cobots and creation of trade approaches to safety, communication, and programming. This means more variability and more human intervention. This collaboration will bring advancement in technology and expand their product portfolio
- In April 2017, IBM partners with ABB for industrial artificial intelligence that will merge IBM Watson’s power with ABB Ability, ABB’s extensive digital offering to unlock new value for customers in utilities, industry, transportation and infrastructure. This partnership will unlock new achievement for both the companies and bring new technological advancement
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Segmentation: Global Industrial Robots Market
By Type
- Traditional Industrial Robots
- Articulated Robots
- SCARA Robots
- Parallel Robots
- Cartesian Robots
- Others
- Collaborative Robots
By Industry
- Automotive
- Electrical and Electronics
- Plastics, Rubber, and Chemicals
- Metals and Machinery
- Food and Beverages
- Precision Engineering and Optics
- Pharmaceuticals and Cosmetics
- Others
By Technology
- Motion Control and Drives Systems
- Robotics Systems
- Integrated Manufacturing Systems
- Machine Vision Systems
- Manufacturing Execution Systems
- Programmable Logic Control System
- Others
By Geography
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