Global Robotic Injection Molding Machines Market 2019-2023
About this market
Increased use of cobots in injection molding devices to gain traction in the market. The use of cobots in different industrial processes is increasing because of advances in robotic technologies. Technavio’s analysts have predicted that the robotic injection molding machines market will register a CAGR of close to 7% by 2023.
Improvement in sensors for robots
Sensor technology is being improved with high accuracy and sensitivity. For instance, cobots use sensors that detect the position of manufactured object as well as the workers.
Lack of technical knowledge coupled with low operating space
Robotic technology is getting advanced. Therefore, vendors are finding it difficult to update their workforce with the required skillsets to fulfill the customer needs.
For the detailed list of factors that will drive and challenge the growth of the robotic injection molding machines market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including ABB and KUKA the competitive environment is quite intense. Factors such as the increased use of cobots in injection molding devices and the improvement in sensors for robots, will provide considerable growth opportunities to robotic injection molding machines manufactures. ABB, KUKA, Sepro Group, WITTMANN Group, and YUSHIN PRECISION EQUIPMENT are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Robotic Injection Molding Machines Market 2019-2023
Technavio recognizes the following companies as the key players in the global robotic injection molding machines market: ABB, KUKA, Sepro Group, WITTMANN Group, and YUSHIN PRECISION EQUIPMENT.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increased use of cobots in injection molding devices.”
According to the report, one of the major drivers for this market is the improvement in sensors for robots.
YUSHIN PRECISION EQUIPMENT
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook