Dallas, TX -- (SBWIRE) -- 08/27/2014 -- Global Articulated Robot Market 2014-2018 research report says one of the major trends emerging in the market is the development of next-generation articulated robots as well as application-specific robots.
Analysts forecast the Global Articulated Robot market to grow at a CAGR of 5.48 percent over the period 2013-2018. According to the report, one of the factors that drive the market's growth is the increasing trend towards automation. End-user industries are rapidly adopting robots for industrial purposes to improve the quality of products and reduce the cost of manufacturing.
Covered in this Report
The Global Articulated Robots market can be segmented into the following divisions based on end-users: Automotive, Electrical and Electronics, Heavy Machinery, Metals, and Food and Beverages. This report covers the present scenario and the growth prospects of the Global Articulated Robots market during the period 2014-2018.
The Global Articulated Robot Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Articulated Robot market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The report recognizes the following companies as the key players in the Global Articulated Robots Market: ABB Ltd., Fanuc Corp., KUKA AG and Yaskawa Electric Corp.
Other Prominent Vendors in the market are: Aurotek, ABB, Apex Automation, Bauman Automation, Adept Technology, Axium Automation, Daihen, Denso Wave, Pari Robotics, Kawasaki Industries, Epson Robotics, Peak Robotics, Mitsubishi Electric, Fanuc, Reis Robotics, Nachi, Kawasaki Heavy Industries, Toshiba Robotics, Schunk Group, KUKA, Wolf Robotics and Staubli Yaskawa.
Market Driver
- Increased Automation Driving Demand for Industrial Robots
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Market Trend
- Increased Demand for Application-specific Robots
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Further, the report states that one such challenge is the high initial cost of articulated robots. The high cost of robots makes it difficult for small and medium enterprises and companies present in developing economies to adopt the technology.
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Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?