Global Industrial Robotics Market in Automotive Industry to Grow at a CAGR of 6.35% During 2016-2020:

MarketResearchReports.Biz announces addition of new report "Global Industrial Robotics Market In Automotive Industry 2016-2020"to its database.


Albany, NY -- (SBWire) -- 02/12/2016 --About Industrial Robotics Market in Automotive Industry

Industrial robots were first adopted in the automotive industry in 1960 by GM and were called Unimate. These robots could weld and handle huge payloads. Wider adoption of robots started in 1980 in response to a need to automate applications such as welding, painting, and assembling in the automotive industry. Although robots were expensive, companies were encouraged to use them more frequently in automation processes because of the faster ROI and cost-effectiveness over the long run.

Technavios analysts forecast the global industrial robotics market in the automotive industry to grow at a CAGR of 6.35% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global industrial robotics market in the automotive industry for 2016-2020. The report consists of the following major segmentation.
The market is divided into the following segments based on application:
Material handling robots
Assembly line robots
Industrial welding robots
Paint robots

Technavio's report, Global Industrial Robotics Market in Automotive Industry 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.

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Key vendors


Other prominent vendors

Adept Technology
Apex Automation and Robotics
Denso Robotics
Epson Robotics
Kawasaki Robotics
Mitsubishi Electric
Nachi Robotic Systems
Rethink Robotics
TM Robotics
Universal Robots

Market driver

Safe and secure work environment
For a full, detailed list, view our report

Market challenge

Misconception about industrial robots
For a full, detailed list, view our report

Market trend

Development of collaborative robots
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?

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