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Heavy Duty Industrial Robot Global Market Will Grow at a CAGR of 7.71% During the Period 2017-2021 : ABB, FANUC, KUKA, NACHI Robotic Systems

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Albany, NY -- (SBWIRE) -- 02/14/2018 -- Industrial robots are being adopted by end-users, including small and medium enterprises, to reduce the operational cost and improve operational efficiency. Heavy duty industrial robots have a high payload capacity, usually more than 0.5 ton, and multiple arm-joints, which provides them more flexibility. As heavy duty industrial robots are used for exhaustive applications, these robots require preventive maintenance, which keeps them viable and increases their lifespan. The preventive maintenance of heavy duty industrial robots will also allow end-users to prevent sudden breakdowns and reduce the operational barriers. Manufacturers and system integrators are the major stakeholders of the global heavy duty industrial robot market, which are responsible for offering solutions, such as hardware, software, and services, to end-users. Industries are witnessing a higher adoption of heavy duty industrial robots and are refraining from manual operations.

Technavios analysts forecast the global heavy duty industrial robot market to grow at a CAGR of 7.71% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global heavy duty industrial robot market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of heavy duty industrial robot.

The market is divided into the following segments based on geography:

Global Heavy Duty Industrial Robot Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
NACHI Robotic Systems
Yaskawa Electric
Other prominent vendors
Kawasaki Heavy Industries

Market driver
Low price of components
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Market challenge
Installation cost
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Market trend
Adoption of artificial intelligence to attain high precision and just-in-time
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Key questions answered in this report
What will the market size be in 2021 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?

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