About Industrial Robotics
Robots execute multiple complex tasks with high speed, precision, and accuracy. The rubber and plastic industry has many complex processes, such as molding, stamping, pressing, cutting, dispensing, and painting, which can be done with the help of industrial robotic solutions. The robots have application in handling finished products in injection molding, wherein the environment is hostile for human labor. They also help in assembling and disassembling products in the rubber and plastic industry. The concept of industrial robotics in the rubber and plastic industry has been in existence for a decade.
Technavio’s analysts forecast the global industrial robotics market in rubber and plastic industry to grow at a CAGR of 18.1% by revenue 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 rubber and plastic industry for 2016-2020. To calculate the market size, the report considers the revenue generated primarily through the sales and services of various industrial robotics such as Cartesian, articulated, and others for different applications in the rubber and plastic industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Robotics Market in Rubber and Plastic Industry 2016-2020
Technavio recognizes the following companies as the key players in the Global Industrial Robotics Market in Rubber and Plastic Industry: ABB, FANUC, Kawasaki, KUKA, and Mitsubishi Electric.
Other Prominent Vendors in the market are: Adept Technology, Apex Automation and Robotics, Axium, Denso Robotics, Epson Robotics, Nachi Fujikoshi, Pari Technology, Staubli Robotics, TM Robotics, and Yamaha Robotics.
Commenting on the report, an analyst from Technavio’s team said: “An emerging trend in this market is the increased investment and focus on robotics. Vendors are investigating opportunities to boost their market presence by differentiating their products from their competitors. This forces vendors to create and sustain a sharper focus on R&D efforts, which helps in providing highly customized products. Wider and deeper R&D programs also create opportunities to develop cost-effective products that could increase their competitiveness in the market.”
According to the report, a key driver of growth in this market is the growing demand for plastic. The plastics industry facilitated innovation of many products and technologies in other industrial sectors such as construction, electronics, healthcare, energy generation, aerospace, automotive, maritime, packaging, and textiles. This has triggered higher production of plastics during the past decade. The production stood at about 300 million metric tons in 2013, at a CAGR of 4.58% over 2009-2013.
Further, the report states that one challenge that could impact market growth is the need for high initial investment in industrial robotics.
ABB, FANUC, Kawasaki, KUKA, Mitsubishi Electric, Adept Technology, Apex Automation and Robotics, Axium, Denso Robotics, Epson Robotics, Nachi Fujikoshi, Pari Technology, Staubli Robotics, TM Robotics, Yamaha Robotics.