Global Industrial Robotics Services Market 2017-2021
About Industrial Robotics Services
Industrial robots can be classified into many types such as material handling, welding, assembling, painting, and for other purposes based on their area of application. Major demand will increase from companies in sectors such as automotive, electrical and electronics, chemicals, food and beverages (F&B), and industrial machinery.
Technavio’s analysts forecast the global industrial robotics services market to grow at a CAGR of 10.16% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global industrial robotics services market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial robotics services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Robotics Services Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial robotics services market: ABB, FANUC, KUKA, Omron Adept Technologies, Remtec Automation, and Yaskawa Motoman
Other Prominent Vendors in the market are: Applied Manufacturing Technologies, EIS, Essert, Geku Automation, ICS Robotics, InMotion Robotics, Phoenix Control Systems, RobotWorx, and Scott Automation & Robotics
Commenting on the report, an analyst from Technavio’s team said: “Virtual commissioning is gaining interest in on-site commissioning, as it helps in the reduction of time and costs by 50%-60%. While traditional commissioning only supports the design and decision-making process, virtual commissioning supports the entire lifecycle of industrial robots.”
According to the report, following the global economic recession of 2008-2009, the industrial robotics market has staged a recovery of sorts and achieved steady growth since 2011. The automotive sector held the largest market share in 2016. However, slowing growth of the overall automotive industry remains a concern. The global industrial robotics market is expected to see a deceleration during the forecast period, as the market is fast approaching maturity, especially in the automotive sector.
Further, the report states that vendors in the market need to work on ways to reduce the time and cost incurred by end-users in availing the services offered by them for the deployment of industrial robots in companies. Robotic automation involves various formalities such as contracts and legalities to be signed as well as competitive bidding and evaluations before the robots can be implemented and used. It is essential that vendors in the market come with innovations in the process that ensures the pre-purchase processes to remain cost-effective and take lesser time for end-users.
ABB, FANUC, KUKA, Omron Adept Technologies, Remtec Automation, Yaskawa Motoman, Applied Manufacturing Technologies, EIS, Essert, Geku Automation, ICS Robotics, InMotion Robotics, Phoenix Control Systems, RobotWorx, Scott Automation & Robotics.
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