Global Industrial Robotics Market in Heavy Industries 2016-2020
About Industrial Robotics Market in Heavy Industries
Industrial robotics refers to the use of robots in the manufacturing and assembly processes in the automotive, heavy industries, and electronics industries. Industrial robots are programmed to automate and control manufacturing processes such as welding, painting, assembly, product inspection, testing, and packaging.
There are several types of industrial robots, such as articulated robots, Cartesian robots, SCARA robots, and cylindrical robots. These robots are used in the heavy machinery industry for different purposes, including welding and soldering, handling of materials and processing, assembling and disassembling, dispensing and painting, cutting, milling, and other processes.
Technavio’s analysts forecast the global industrial robotics market in the heavy industry to grow at a CAGR of 6.19% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial robotics market in heavy industries for 2016-2020. The global robotics market is classified into industrial robots and service robots. This report considers revenue generated from the heavy industries segment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Robotics Market in Heavy Industries 2016-2020Technavio recognizes the following companies as the key players in the Global Industrial Robotics Market in Heavy Industries: ABB, Fanuc, KUKA and Yaskawa.Other Prominent Vendors in the market are: Adept Technology, Apex Automation and Robotics, Denso Robotics, Epson Robotics, Kawasaki Robotics, Mitsubishi Electric, Nachi Robotic Systems, Rethink Robotics, TM Robotics and Universal Robots.Commenting on the report, an analyst from Technavio’s team said: “Many industries worldwide are embracing automation in pursuit of smart factories and business organization. The use of automation reduces human error, and improves process efficiencies. Automation involves the installation of advanced sensors and technologies, such as wireless and cloud communications, to control and monitor the entire facility 24/7. Automation in production processes, such as procurement, inventory, material processing and machining, and transportation, simplifies business operations.”According to the report, industrial robots help manufacturing companies reduce operational costs. Many manufacturing companies, especially in the US outsourced their production and components to low-cost manufacturing countries (because of low manual labor costs). However, rising labor costs have pushed these companies to change their strategy.Further, the report states that robotics vendors typically take long lead-times to fulfill small-sized orders, and this deters companies from investing in robotics. Small-sized orders arise from customers that have limited cash flows, and this is a challenge for the market.
ABB, Fanuc, KUKA, Yaskawa, Adept Technology, Apex Automation and Robotics, Denso Robotics, Epson Robotics, Kawasaki Robotics, Mitsubishi Electric, Nachi Robotic Systems, Rethink Robotics, TM Robotics, Universal Robots.