Global Robotics Market in Rubber, Plastics, and Chemicals Industries 2017-2021
About Robotics in Rubber, Plastics, and Chemicals Industries
The global robotics market is growing with the emergence of new players in the robotics ecosystem. Apart from improving hardware, there are also increasing efforts by market players to improve services related to system integration, such as commissioning, installing, repairing, upgrading, and maintenance. As the demand for robots increases, more players will emerge to capitalize on the growth potential.
Technavio’s analysts forecast the global robotics market in rubber, plastics, and chemicals industries to grow at a CAGR of 10.26% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global robotics market in rubber, plastics, and chemicals industries for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Robotics Market in Rubber, Plastics, and Chemicals Industries 2017-2021
Technavio recognizes the following companies as the key players in the global robotics market in rubber, plastics, and chemicals industries: ABB, FANUC, Kawasaki Heavy Industries, and KUKA.
Other Prominent Vendors in the market are: Balyo, BA Systèmes, Bastian Solutions, DF Automation and Robotics, Omron Adept Technologies, READY Robotics, Rethink Robotics, Seegrid, Smart Robotics, Stäubli, Suzhou Industrial Park AGV Technologies, Transbotics, and Yaskawa Motoman.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in adoption of robotics by SMEs. There is a trend of outsourcing most manufacturing operations to emerging economies, such as Mexico and India, with low labor costs. Therefore, SMEs in developed countries are increasingly automating their manufacturing plants and adopting robots to stay competitive. Vendors such as Comau have designed the Racer 3 co-bot, targeted especially at SMEs.”
According to the report, one driver in the market is advantages of robotics over other automation methods. Unlike automated equipment, robots have the ability to maintain a consistent speed for extended periods of time. Also, unlike manual processes that see a lack of standardization and shortfall in productivity, in situations where the staff experiences fatigue, robots have very little downtime. The forecast period will see an increased adoption of applications such as robotic injection molding to ensure consistent and high-quality operations. Other applications such as packing, palletizing, and painting and inspection and quality control will also be made more efficient using robots.
Further, the report states that one challenge in the 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 appreciate depending on the customization and other operational requirements of the end-users in the rubber, plastics, and chemicals industries. Thus, owing to the high implementation cost, only companies that derive significant cost benefits and reduction in changeover times can implement robots in their manufacturing firms.
ABB, FANUC, Kawasaki Heavy Industries, KUKA, Balyo, BA Systèmes, Bastian Solutions, DF Automation and Robotics, Omron Adept Technologies, READY Robotics, Rethink Robotics, Seegrid, Smart Robotics, Stäubli, Suzhou Industrial Park AGV Technologies, Transbotics, and Yaskawa Motoman.