About Industrial Robotics Market in the US
Industrial robots consist of a robotic arm, control cabinet, control panel, and other peripherals. They are used for various manufacturing applications, including welding, painting, pick and place, palletizing, cutting, assembly, and product testing, and inspection. They are often used to perform tasks that are repetitive, laborious, and dangerous.
The industrial robotics market in the US is growing significantly due to increasing automation in the manufacturing sector and advances in the robotic technology. The US market is primarily driven by the motor vehicle industry followed by the industrial machinery industry. Industries such as food and beverage, rubber and plastic, and pharmaceutical use industrial robots in their manufacturing operations to reduce labor cost and increase competitiveness.
Technavio’s analysts forecast the industrial robotics market in the US to grow at a CAGR of 12.25% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the industrial robotics market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of industrial robots.
The market is divided into the following segments based on robot types
Technavio Announces the Publication of its Research Report – Industrial Robotics Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the Industrial Robotics Market in the US: ABB, Adept Technology, FANUC, KUKA, Yaskawa, and Competition Financials.
Other Prominent Vendors in the market are: Epson Robotics, Kawasaki Heavy Industries, Mitsubishi Electric, Staubli Robotics, and Yamaha Robotics.
Commenting on the report, an analyst from Technavio’s team said: “Collaborative robots are the new industrial robots designed to operate collaboratively with humans. They are used for lightweight operations, such as placing products in trays or cases, to heavy-duty applications that include depalletizing and palletizing. Advanced sensors equipped with these robots sense the presence of a person and his location, which allows the robots to slow down or stop for security. When a person moves away, the robot automatically resumes normal operation.”
According to the report, industrial robots are flexible, and can be easily programmed to adapt to new production lines without any training. The margin of error is less, and the functioning of these robots can be extended for a longer duration with minimal supervision. The robots produce defect-free products, and reduce product failure and wastage. They do not require additional expenditures on healthcare, insurance, and income. These robots require minimum heating and lighting, which reduces energy consumption considerably. The adoption of these robots allows companies to minimize direct and overhead costs.
Further, the report states that the deployment of robots requires high initial investment. Hence, restricts the market growth.
ABB, Adept Technology, FANUC, KUKA, Yaskawa, Competition Financials, Epson Robotics, Kawasaki Heavy Industries, Mitsubishi Electric, Staubli Robotics, Yamaha Robotics.