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Industrial Robotics Market Poised for Steady Growth in the Future

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Future Market Insights has announced the addition of the “Industrial Robotics Market: Global Industry Analysis and Opportunity Assessment 2014-2020\" report to their offering.

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Global Industrial

Robotics Market

Share, Global Trends,

Analysis, Research, Report,


Segmentation and Forecast,


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Report Description

Report Description

The new technological developments are making manufacturingindustry smarter in terms

of efficiency with minimizing defect, waste and downtime. In order to overcome the

limitations of traditional labour work in industries and enhance the capability of

operators, industrial robotics has been evolved. Installation of industrial robots also helps

to gain competitive advantage by making business process more dynamic. As defined by

ISO 8373 standards the industrial robot is “an automatically controlled, reprogrammable,

multipurpose manipulator programmable in three or more axes”. Today, the Industrial

robots are increasingly being installed in various industry such as food and packaging,

automobile, electronics etc.

The global industrial robotics market is experiencing the robust growth with numerous

untapped opportunity. In 2013, the global industrial robotics market registered around

12% to 15% year on year growth which is expected to grow at same pace for the forecast

period. The factors driving the growth of global industrial robotics market are growing

automation to meet production demand, need for meeting the technology standard set

by government and industry associations and, increasing production capacity to

anticipate the future demand. The use of industrial robotics helps to achieve automation

in manufacturing process which is the major trend in global industrial robotics market.

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Report Description

Report Description

The industrial robotics market is segmented on the basis industry which are automotive

industry, chemical, rubber and plastics industry, electrical & electronics industry metal

and machinery industry, pharmaceutical industry,food and beverages industry, and

construction industry, among others. The global industrial robotics market dominates in

automotive industry followed by electrical and electronics industry, food and beverages

industry, pharmaceutical industry respectively. Growing demand for vehicles across the

globe is the major factor to drive demand in automotive industry segment of the global

industrial robotics market. The growth in demand of industrial robotics in the electrical

and electronics industry segment of the global industrial robotics market is likely to spur

by various factors such as growing demand for consumer electronics products, increasing

number of mobile shipments, etc.

On the basis of geographical regions the global industrial robotics market is segmented

into seven key regions which are North America, South America, Eastern Europe, Western

Europe, Asia Pacific, Japan and Middle East & Africa. As of 2013, Asia pacific region

dominated the global industrial robotics market in terms of revenue followed by America

and Europe. The Asia pacific segment of industrial robotics segmented is expected to

maintain its dominance due to developing countries like China and India where

automation in manufacturing is pacing up, additionally the penetration of installation of

industrial robots has increased in small scale industries.

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Report Description

Report Description

Global industrial robotic market is segmented on the basis of applications which are

welding robots, material handling robots, assembling and disassembling robots,

packaging and palletizing robots, measurement, inspection and testing robots, painting

robots, cutting, grinding and deburring robots among others.The global industrial

robotics market is expected to grow two fold with a CAGR about of 5% to 8 % for the

forecast period.

The global industrial robotics market is expected to grow at a moderate pace during the

forecast period. Key drivers of the global industrial robotics market include significant

growth in non-automotiveapplications for industrial robots, increase productivity in

industries with low manufacturing cost, reduction of duties and refurbished goods

followed by rising demand for automation with higher labour cost.

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Key challenges for global industrial robotics market include stagnation of industrial

manufacturing process followed by higher manufacturing cost and uncertainty.Major

players in the global industrial robotics market include FANUC Corporation, Yaskawa

Electric Corporation, Kuka AG, Kawasaki Heavy Industries Ltd, Denso Wave Incorporated,

Mitsubishi Electric, ABB Ltd, Toshiba Machine, American Robot Corporationand Universal

Robots.Growth in the global industrial robotics market is estimated to grow significantly

as every industry in trying to be more and more efficient by automating their processes



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