Boston, MA -- (SBWIRE) -- 04/07/2016 -- Industrial robots consist of a robotic arm, control cabinet, control panel, and other peripherals. They are used for various manufacturing applications, including welding, painting, pick and place, palletizing, cutting, assembly, and product testing, and inspection. They are often used to perform tasks that are repetitive, laborious, and dangerous.
The industrial robotics market in the US is growing significantly due to increasing automation in the manufacturing sector and advances in the robotic technology. The US market is primarily driven by the motor vehicle industry followed by the industrial machinery industry. Industries such as food and beverage, rubber and plastic, and pharmaceutical use industrial robots in their manufacturing operations to reduce labor cost and increase competitiveness.

Technavio's analysts forecast the industrial robotics market in the US to grow at a CAGR of 12.25% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Industrial Robotics Market in the US 2016-2020

Covered in this report
The report covers the present scenario and the growth prospects of the industrial robotics market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of industrial robots.

The market is divided into the following segments based on robot types

-Articulated
-Cartesian
-SCARA
-others

Technavio's report, Industrial Robotics Market in the US 2016-2020, 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

-ABB
-Adept Technology
-FANUC
-KUKA
-Yaskawa Electric
-Competition Financials

Other prominent vendors

-Epson Robotics
-Kawasaki Heavy Industries
-Mitsubishi Electric
-Staubli Robotics
-Yamaha Robotics

Market driver

-Reduction in company expenditure
-For a full, detailed list, view our report

Market challenge

-High initial investment
-For a full, detailed list, view our report

Market trend

-Growing demand for cobots
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ABB, Adept Technology, FANUC, KUKA, Yaskawa, Competition Financials, Epson Robotics, Kawasaki Heavy Industries, Mitsubishi Electric, Staubli Robotics, Yamaha Robotics

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