Pune, India -- (SBWIRE) -- 05/14/2018 -- Data Bridge Market Research brings to you this report on the Global Industrial Robots Market Report An industrial robot is the robot system that is designed with the intention of moving materials, parts, and devices, and also to perform a variety of programmed tasks in the manufacturing and production lines. Industrial robots are used in many fields such as painting, assembly, welding, packaging and labeling, palletizing, product inspection and testing. SCARA robots, articulated robots and delta robots are majorly used robots worldwide.
The Global Industrial Robots Market accounted to USD 38.20 billion in 2016 growing at a CAGR of 9.54% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Industrial Robots Market By Type (Articulated Robots, Cylindrical Robots, Cartesian Robots, Polar Robots, SCARA Robots, Delta Robots, Parallel Robots, Gantry Robots, Collaborative Industry Robots), By component (Controller, Industrial Robot Arms (Manipulator) End-Effector, Drive, Sensors, Others), By Industry (Automotive, Chemical and Manufacturing, Construction, Electrical and Electronics, Food and Beverages, Machinery and Metals, Pharmaceuticals, Plastics, Others (Rubber, Optics)), By Function(Assembling and Disassembling, Cutting and Processing, Material Handling, Painting and Dispensing, Soldering and Welding) (By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024.
Major Market Competitors:
Some of the major players operating in Industrial Robots Market are:-
- ABB Ltd,
- Fanuc,
- Denso,
- Kuka AG,
- Yaskawa Electric Corporation,
- Kawasaki Heavy Industries LTd,
- Toshiba,
- Panasonic,
- Nachi,
- Yamaha,
- Epson,
- Staubli,
- Adept Technologies,
- Comau SPA,
- Fanuc Coporation,
- Mitsubishi Electric Corporation,
- Denso Corporation,
- Universal Robots A/S,
- CMA Robotics S.P.A.,
- Omron Adept Technologies, Inc.,
- Stäubli International AG,
- Daihen Corporation,
- Seiko Epson Corporation.
Company Competitive Analysis:
Industrial Robots Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
- Growing demand of robots in various sectors such as packaging, material handling, agriculture
- Increasing Automation in Commercial, Industrial, and Residential Sector
- Technological advancements in the field of robots
- Surge in demand from SMEs in developing countries
- Surge in productivity
- Effective waste reduction
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