Global Robotics Market in the Textile Industry 2017-2021
About Robotics Market in the Textile Industry
The global robotics market has been growing at a steady pace over the years with the automotive sector contributing the majority of the revenue. It is expected that the continued development of the robot technology along with miniaturization of sensors will contribute to the depreciation in prices of robots and trigger a rapid surge in sales of robots during the forecast period. With intense competition among industrial players, there is an increased emphasis on machinery and technologies that increase industrial efficiency and do not compromise on overall accuracy. Thus, industries across the world are deploying robots to meet the need for better precision and efficiency by end-users.
Technavio’s analysts forecast the global robotics market in the textile industry to grow at a CAGR of 21.76% 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 the textile industry for 2017-2021. To calculate the market size, the report considers the revenue generated from new sales and the services associated with them.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Robotics Market in the Textile Industry 2017-2021
Technavio recognizes the following companies as the key players in the global robotics market in the textile industry: ABB, Dematic Egemin, Neuenhauser Maschinenbau, Sewbo, SoftWear Automation, and Universal Robots
Other Prominent Vendors in the market are: Adept MobileRobots, Balyo, BA Systèmes, Bastian Solutions, DF Automation and Robotics, Fanuc, KUKA, Lone Star Automated Systems, 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: “The latest trend gaining momentum in the market is Co-bots in the textile industry. A co-bot works collaboratively with humans, without physical separation. As per the updated robot safety standards, a co-bot robot must possess at least one of the following characteristics:
• Speed and separation monitoring
• Safety-rated monitoring stop
• Power and force limiting
• Cell-hand guiding
These robots use specialized sensors and robot controllers for operation. They are implemented when ease in programming along with a reduction in safety costs are desired. They are built using sensors, such as torque sensors and built-in safety sensors, to assess when a human is near.”
According to the report, one of the major drivers for this market is Rise in adoption of robots in China. The government of China has created a favorable environment for robotics with policies, such as investment credits to endorse the sales of indigenous industrial robots and co-bots, leading to rapid growth of local vendors. As per the Made in China 2025 policy, the Chinese government designated robotics including co-bots and other automated machines as one of the 10 priority sectors for investment and growth, with emphasis on regional manufacturing. Also, the Development Plan for the Robotics Industry (2016-2020) was issued with the intention of increasing the innovative capacity of the robotic industry along with its production. By 2016, the number of companies increased to around 750.
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 appreciate depending on the customization and other operational requirements based on the textile industry. As they are expensive to implement, only companies that can derive significant cost benefits from implementing these systems are investing in them.
ABB, Dematic Egemin, Neuenhauser Maschinenbau, Sewbo, SoftWear Automation, and Universal Robots, Adept MobileRobots, Balyo, BA Systèmes, Bastian Solutions, DF Automation and Robotics, Fanuc, KUKA, Lone Star Automated Systems, READY Robotics, Rethink Robotics, Seegrid, Smart Robotics, Stäubli, Suzhou Industrial Park AGV Technologies, Transbotics, and Yaskawa Motoman.