Global Robotic Injection Molding Machine Market 2017-2021
About Robotic Injection Molding Machine
The past decade has seen a rise in adoption of robotics in the global rubber and plastics industries. The deployment of robots for plastic processing has ushered in various possibilities to improve the performance and productivity of the industries. The current report studies robots that are used in conjunction with injection molding machines for processing plastic, which, in turn, is used as a component of plastic parts by various end-user segments. As per our study, the demand for robotic injection molding has been proliferating for a variety of primary and secondary reasons.
Technavio’s analysts forecast the global robotic injection molding machine market to grow at a CAGR of 4.94% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global robotic injection molding machine market for 2017-2021. To calculate the market size, the report considers the revenue generated from new sales of robots used with injection molding machines. This includes robot system costs, including robot hardware and software revenue from software solutions that are required for programming and system integration.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Robotic Injection Molding Machine Market 2017-2021
Technavio recognizes the following companies as the key players in the global robotic injection molding machine market: ABB, KUKA, Sepro Group, Wittmann Battenfeld Group, and Yushin Precision Equipment.
Other Prominent Vendors in the market are: ARBURG, ENGEL, FANUC, HAHN Automation, KraussMaffei Group, Universal Robots (Teradyne), Stäubli, and YASKAWA.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Co-bots for injection molding applications. Co-bots are being increasingly adopted to work collaboratively with humans. They use specialized sensors and robot controllers for operations and are implemented when ease of programming along with a reduction in safety costs are desired. As safety standards in industries are enhanced, vendors will increase their investment in improving sensing technologies specifically for collaborative robots. Over the years, there has been an increase in the adoption of collaborative robots for injection molding as well. For instance, Tennplasco, a plastic injection molding company that supplies parts to the automotive industry, deployed Sawyer co-bots by Rethink Robotics to address the issue of labor shortage. The company also achieved a return on investment (ROI) in less than four months.”
According to the report, one of the major drivers for this market is Technological innovations in injection molding robots. Injection molding robots provide the end-users with various advantageous features, such as their high reach, both horizontally and vertically, along with their high degree of flexibility, and time-efficiency. Vendors are increasingly working on features that ensure that the robot can be disconnected speedily for fast end-of-arm tooling (EOAT) changeovers. For better control, vendors provide a touch screen that has easy operability due to its icon-driven instructions and on-screen prompts. Yushin, one of the prominent market vendors, has started offering robots with vibration dampening technology, for increased precision and shortening molding time. Yaskawa Motoman offers the IA20 model that features a 7-axis design for freedom of movement, suitable for small workspaces. On the other hand, KUKA offers the KS Series of 6-axis, shelf-mounted robots for top unloading of injection molding machines to ensure space optimization and increased accessibility to other components in the work cell.
Further, the report states that one of the major factors hindering the growth of this market is High cost of implementation. As robotic systems involve the use of sensors, software, and advanced technologies in vision systems and feeding devices, their prices are considerably high and require a large initial one-time payment. The costs depend on the customization and other operational requirements of the rubber, plastics, and chemicals industries. As these systems are expensive to implement, only companies that derive significant cost benefits from implementing solutions that reduce changeover times avail the option.
ABB, KUKA, Sepro Group, Wittmann Battenfeld Group, Yushin Precision Equipment, ARBURG, ENGEL, FANUC, HAHN Automation, KraussMaffei Group, Universal Robots (Teradyne), Stäubli, and YASKAWA.