Technology News, IT News, and Press release service Submit Press Release

Information Tech News & Press Release Distribution

Press release distribution service

Home | Search Global IT News:
IT News & Press Release Distribution:

Industrial Robotics Market Size, Share, Trends, and Growth 2019-2026

 



(IT-NEWSWIRE.COM, December 17, 2019 ) Market Overview
The global Industrial Robotics Market expected to grow at a CAGR of over 12% during the forecast period (2019-2026).

The number of robot installations in the Electrical and Electronics industry has increased considerably over the years. The high investments in the Electronics industry are the primary factor driving the demand for industrial robotics in the industry.

As defined by ISO 8373 standards the industrial robot is “an automatically controlled, reprogrammable, multipurpose manipulator programmable in three or more axes”. Today, Industrial robots are increasingly being installed in various industry such as food and packaging, automobile, electronics, etc. The new technological developments are making manufacturing industry smarter in terms of efficiency with minimizing defect, waste, and downtime. In order to overcome the limitations of traditional labor work in industries and enhance the capability of operators, industrial robotics has been evolved. Installation of industrial robots also helps to gain a competitive advantage by making the business process more dynamic.

The report covers all the major trends and drivers playing a vital role in the growth of the Industrial Robotics market. The global Industrial Robotics market has been segmented based on geography, type, end-user industry, and application.

Download free report sample @ https://www.datamintelligence.com/download-sample/industrial-robotics-market

Market Dynamics
The global Industrial Robotics market growth is driven by rising demand for electronics calls for the increase in production capacity along with high product quality. The use of industrial robotics helps the manufacturers to achieve high capacity with uniform quality.

The demand for industrial robotics is also accelerating due to the ongoing trend towards automation and increasing technological advancements in the robot industry. Factors such as shortage of skilled workforce and high labor costs also drive the adoption of industrial robotics across various industries worldwide. Several organizations have implemented industrial robotics solutions to reduce their labor costs and improve efficiency. Although the initial cost of procuring a robot is high, once implemented, it offers high productivity, efficiency, and profits.

Market Segment Analysis
By Type, the global Industrial Robotics Market is segmented into Cartesian, SCARA, Cylindrical, Delta, Polar, and Articulated. In 2018, the articulated robots segment accounted for the maximum share in the global industrial robotics market in 2016, owing to the increased usage of these robots in the packaging and healthcare sectors of the emerging economies. However, the cylindrical robots and others segment comprising customized and refurbished robots, are expected to grow at a significant pace in the near future, owing to their increasing demand in industrial sectors in the Asia-Pacific region.

By End-user industry, the global Industrial Robotics Market is segmented into automotive, electrical/electronic, metal/heavy machinery, chemical, rubber, & plastics, food, and others. In 2018, the automotive segment dominated the global market. The development of automotive robotics in the industry has picked up pace due to the cost-effectiveness, job efficiency, and safety. Also, with the rising demand for vehicles across the globe is expected to drive the automotive industry and therefore, fueling growth in the global industrial robotics market.

Regional Analysis
By geography, the global Industrial Robotics Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

In 2018, Asia-Pacific accounted for the majority share in the global Industrial Robotics market. The broad market share of the Asia-Pacific region can be attributed to the high growth in the electrical/electronics industry in countries like China, Japan, Republic of Korea, and India. China has been the biggest robot market in the world with continued dynamic growth. The industrial robot installations are continuously increasing in China, and it is also the fastest-growing robot market in the world. China’s rising robotics industry attributes to its scale, growth momentum, and capital. Also, the rising initiatives of the Chinese government are contributing to the growth of the market. The Chinese government has recognized the Robotics Industry as a strategically important sector in its Made in China in 2025 (MIC 2025) industrial policy.

Further, in 2016, the government launched the Robotics Industry Development Plan (2016-2020) to promote robot applications to a broader range of fields and to attract foreign investment, aiming to make 100,000 industrial robotics produced by domestic technology annually by 2020.

Also, the growing trend of automation coupled with increasing demand for Industrial Robotics from emerging economies such as Brazil, India, Indonesia, and Vietnam; will further fuel growth in the global Industrial Robotics market.
In North America, growing industrial automation; emerging applications, such as augmented and virtual reality and IoT; and need of new technologies and innovations to produce higher quality products at faster speeds with lower costs will further drive the market during the forecast period.

Competitive Analysis
Global Industrial Robotics Market is fragmented with the presence of global and regional players in the market. Creating consumer awareness by aggressive marketing strategies and greater visibility of products across retail space are other steps taken by market participants to generate demand.

Intense rivalry among top players in the market has started fierce competition at various levels such as driving aggressive marketing strategies, new and innovative product launches, and competitive pricing.

Some major players in the market are Mitsubishi Electric, ABB Robotics, Omron Adept Technologies, Fanuc Robotics, and Yaskawa Mo-toman. Other prominent players in the market include Epson Robotics, Kawasaki Heavy Industries, Staubli, Nachi-Fujikoshi, and Denso Corporation.



Why Purchase the Report?
• Identify new growth opportunities with In-depth insights for strategic business plans and design innovative strategies for sustainable growth.
• Comprehensive details on factors that will drive or challenge the growth of market players.
• Product mapping in excel for the key products of all major market players
• Deep Sector-Specific Intelligence
• Attractiveness and consumer behavior analysis for every region
• Highlights of the competitive landscape

Target Audience:
• Equipment Suppliers/ Buyers
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers

View full report sample @ https://www.datamintelligence.com/research-report/industrial-robotics-market

For any enquiry about the report@ https://www.datamintelligence.com/enquiry/industrial-robotics-market



About Us:
DataM Intelligence was established on an elemental idea of publishing Advanced Market Research Reports with precise data points & utmost accuracy that will accelerate the decision-making in designing disruptive solutions. We monitor and analyze the market by dissecting various parameters such as market influencers, competitive intensity, innovations, trends, and emerging products.

For more information:
Sai Kiran
Sales Manager
Website: www.datamintelligence.com
Email: info@datamintelligence.com




DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

Source: EmailWire.Com

Source: EmailWire.com

Information Technology Resources
  • Application Software
  • Bioinformatics
  • Computers
  • Computer Games
  • Enterprise Software
  • Graphics/Printing/CAD
  • Hardware/Peripheral
  • industrial Computers
  • Information
  • Internet
  • Multimedia
  • Networking
  • Public Sector
  • Robotics
  • Semiconductor
  • Software
  • Telecommunications
  • Webmaster
  • Information Technology (IT) Advertisement
    Information Technology Sponsors



    Information Technology Publications
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    The Integration Journey—a Field Guide to Enterprise Integration for SOA
    Government Technology\'s Public CIO
    Protecting Content During Business Disruption: Are You Covered?

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    ITPresswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    :: Home: :: Submit Press Release :: Subscribe to News :: Shop Online :: Contact Us :: Help

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    ITPresswire.com ™ - Newswire and Press Release service of GroupWeb Media LLC