Industrial Robotics Market in North America 2015-2019
About Industrial Robots
Industrial robotics is the technology used to automate a variety of manufacturing processes across different industries such as automotive, food and beverage, and electrical and electronics. Industrial robots are programmed to automate and control manufacturing processes such as arc welding, spot welding, materials handling, machine tending, picking, packing and palletizing, assembly, mechanical cutting, grinding, deburring and polishing, gluing, adhesive sealing and spraying materials, and other applications including inspection, water jet cutting, and soldering.
Technavio's analysts forecast the industrial robotics market in North America to grow at a CAGR of 12.26% over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the industrial robotics market in North America during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of industrial robots.Technavio's report, the Industrial Robotics Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Industrial Robotics Market in North America 2015-2019
Technavio recognizes the following companies as the key players in the industrial robotics market in North America: ABB, Fanuc and Yaskawa Electric
Other Prominent Vendors in the market are: Adept Technology, Apex Automation and Robotics, Aurotek, Daihen, Denso Wave, Ellison Technologies, Mitsubishi Electric, Pari Robotics, Reis Robotics, Rockwell Automation, Schunk, Staubli International, TM Robotics and Yamaha Robotics
Commenting on the report, an analyst from Technavio’s team said: “Vendors are developing next-generation industrial robotics to remain competitive in the market. They are using advanced technologies to develop independent robotics systems employing artificial intelligence. These systems would enhance the production process and decreasing errors in manufacturing. Their adoption in the automotive and automobile component industries is expected to see a marked increase during the forecast period.”
According to the report, the lack of skilled labor is a key concern for manufacturing companies in North America. Therefore, these companies are increasingly deploying machines and robots to automate various manufacturing processes. Also, labor costs have increased in the US and Canada in the past few years, affecting the overall manufacturing costs. Industrial robots help in mitigating the effects of the rising costs by reducing human intervention in various industrial processes. Thus, the shortage of labor has increased the usage of industrial robotics in manufacturing companies, fueling market growth in the region.
Further, the report states that the high initial investment for setting up industrial robots in plants is a key concern for the vendors in the market.
ABB, Fanuc, Yaskawa Electric, Adept Technology, Apex Automation and Robotics, Aurotek, Daihen, Denso Wave, Ellison Technologies, Mitsubishi Electric, Pari Robotics, Reis Robotics, Rockwell Automation, Schunk, Staubli International, TM Robotics, Yamaha Robotics
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