About Industrial Robotics
Industrial robots consist of a robotic arm, control cabinet, control panel, and other peripherals. They are used for welding, painting, pick and place, palletizing, cutting, assembly, and product testing, and inspection. These robots are often used to perform tasks that are repetitive, laborious, and dangerous.
Technavio’s analysts forecast the European industrial robotics market to grow at a CAGR of 8.42% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the European Industrial Robotics Market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales and aftermarket services of industrial robots. Technavio's report, European Industrial Robotics Market 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.
Technavio Announces the Publication of its Research Report – European Industrial Robotics Market 2016-2020
Technavio recognizes the following companies as the key players in the European Industrial Robotics Market: ABB, Comau, FANUC, KUKA, and Yaskawa Electric Corporation.
Other Prominent Vendors in the market are: Kawasaki Heavy Industries, Mitsubishi Electric, Nachi Robotics, Staubli Robotics, and Yamaha Robotics.
Commenting on the report, an analyst from Technavio’s team said: “An emerging trend to watch for is the integration of IoT in industrial robotics. At present, the industrial robots used in manufacturing are just advanced control arms with limited sensing capabilities. They are preconfigured to carry out structured and repetitive tasks. However, advances in sensors, hardware, and software have made the robots more intelligent and autonomous in their capabilities. We expect the high penetration rate of smart devices and use of wireless and cloud technology will change the mode of robots' operation in the near future.”
According to the report, a key market driver is the effort by companies to reduce expenditure. Industrial robots are flexible, and can be easily programmed to adapt to new production lines without any training. The margin of error is less, and the functioning of these robots can be extended overnight and during weekends without any supervision. Industrial robots produce defect-free products, and reduce product failure and wastage. They do not require additional expenditures on healthcare, insurance, and income. These robots require minimum heating and lighting, which reduces energy consumption considerably. Therefore, the adoption of these robots enables companies to minimize direct and overhead costs.
Further, the report states that one challenge that hampers market growth is the low adoption rate of robots in the SME sector.
ABB, Comau, FANUC, KUKA, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Mitsubishi Electric, Nachi Robotics, Staubli Robotics, Yamaha Robotics.
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