Global Heavy Duty Industrial Robot Market 2017-2021
About Heavy Duty Industrial Robot
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.
Technavio’s analysts forecast the global heavy duty industrial robot market to grow at a CAGR of 7.71% during the period 2017-2021.
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:
Technavio Announces the Publication of its Research Report – Global Heavy Duty Industrial Robot Market 2017-2021
Technavio recognizes the following companies as the key players in the global heavy duty industrial robot market: ABB, FANUC, KUKA, NACHI Robotic Systems, and Yaskawa Electric
Other Prominent Vendors in the market are: Comau and Kawasaki Heavy Industries.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Adoption of artificial intelligence to attain high precision and just-in-time. Heavy duty industrial robots are installed in industries to facilitate complex and exhaustive industrial applications. The primary factors that help industries in improving productivity are speed and precision maintenance. Artificial intelligence has allowed industries to implement just-in-time, as different machines and robotic systems can be collaborated to ensure real-time operations. Industries such as automotive, aerospace and defense, and foundry are adopting heavy duty industrial robots that are highly efficient and work for hours without getting exhausted.”
According to the report, one of the major drivers for this market is Low price of components. The heavy duty industrial robot market has witnessed growth in the recent years, which includes new developments and installations. There has been a rise in the number of raw material suppliers that offer electronic and mechanical components. There are software developers and providers offering open platforms, allowing the systems to be collaborated and programmed. Raw material suppliers are witnessing competition, due to which the price of components has decreased. This constant decrease in the price of electronic and mechanical components has resulted in the development of new technologies and prototypes of heavy duty industrial robots.
Further, the report states that one of the major factors hindering the growth of this market is Installation cost. To incorporate heavy duty industrial robots, manufacturers have to invest heavily in the installation of automated assembly lines and manufacturing facilities. However, the investment in automation is a one-time cost, through which the industries can incorporate advanced robots and carry out software updates regularly. Small and medium enterprises restrict themselves from investing in automation due to the low awareness regarding the return-on-investment factors. As traditional equipment and methods are known to be low cost and easily available, industries refrain themselves from investing heavily for transforming traditional facilities to modern ones.
ABB, FANUC, KUKA, NACHI Robotic Systems, and Yaskawa Electric, Comau and Kawasaki Heavy Industries
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