Sarasota, FL -- (SBWIRE) -- 10/17/2016 -- The report covers forecast and analysis for the industrial robotics market on a global and regional level. According to the report, global demand for industrial robotics was valued at USD 30.0 billion in 2014, and is expected to reach USD 42.0 billion in 2020, growing at a CAGR of 6.0% between 2015 and 2020.The study includes drivers and restraints for the industrial robotics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of the opportunities available in the industrial robotics market on a global level.
Material handling was dominating segments and accounted for over 35% share of total market in 2014. Rapid growth in industrialization contributes to continue dominance of material handling segment within the forecast period. Soldering & welding was the second largest function segment contributing to the global industrial robotics market in the same year. Packaging, consumer electronics and electrical industry are expected to witness strong demand owing to increasing demand in Asia- Pacific and Asia Central region.
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In order to give the users of this report a comprehensive view on the industrial robotics market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the industrial robotics market has also been included. The study encompasses a market attractiveness analysis, wherein function, type, and application segments are benchmarked based on their market size, growth rate and general attractiveness.
Articulated robots were the leading segment and accounted for a notable share in the industrial robotics market in 2014 o 2014. Articulated robots are followed by Cartesian robots. The robots like SCARA robots and cylindrical robots are also anticipated to witness significant growth due to the rising demand for industrial robotics involved in various sectors during the years to come.
Automotive was the largest application market for industrial robotics in 2014. Automotive accounted for over 40% share of the total market revenue generated in 2014. Cost-effectiveness, job-efficiency, and safety are key factors for increasing the use of industrial robotics in this segment. Electrical & electronics manufacturing, food industry, chemical & plastics industry and rubber industry are also some of the important application segments of the global industrial robotics market that are expected to grow during the years to come.
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The study provides a decisive view on the industrial robotics market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key function segmented market covered under this study includes crop materials handling, milling, cutting and processing, soldering and welding, painting and dispensing, assembling & disassembling and others. Key type segment that market covered under this study includes Cartesian, articulated, cylindrical, SCARA and others. Key application segment that market covered under this study includes electrical & electronics, automotive, machinery, chemical, rubber & plastics, food & beverages, metals, precision & optics and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for industrial robotics based on individual applications in all the regions and countries.
The report also includes detailed profiles of end players such as Daihen Corporation, Denso Corporation, Epson America, Inc., FANUC Ltd., Kawasaki Heavy Industries Ltd., KUKA Robotics Corporation, Mitsubishi Electric Corporation, Nachi Robotic Systems, Inc., Panasonic Corporation, Universal Robots and Yaskawa Motoman Robotics. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.
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The report segments the global industrial robotics market as:
Industrial Robotics Market: Function Segment Analysis
Milling, cutting & processing
Soldering & welding
Painting & dispensing
Assembling & disassembling
Industrial Robotics Market: Type Segment Analysis
Industrial Robotics Market: Application Segment Analysis
Electrical & electronics
Chemical, rubber & plastics
Food & beverages
Precision & optics
Industrial Robotics Market: Regional Segment Analysis
Middle East and Africa
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