Industrial
Robotics Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 - 2020," the global industrial
robotics market was valued at USD 28.93 billion in 2013, growing at a
CAGR of 6.2% from 2014 to 2020 and is estimated to reach USD 44.48
billion in 2020.
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the full Report Global Industrial Robotics Market:
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The
rising demand for industrial robots across different industry
verticals, regions and applications is propelling the industrial
robotics market during the forecast period 2014 to 2020. In addition,
reduction of duties and increased investments on research and
development infrastructure specifically across the APAC and RoW
regions is expected to bolster the industrial robotics market over
the forecast period 2014 to 2020. Access to new industry verticals
such as instrumentation, healthcare, and electronics coupled with
penetration of robotics within labor intensive economies is further
analyzed to drive the industrial robotics market. Moreover, adoption
of robotics in small and medium enterprises (SME's) ensures growth of
the market and thus the market is analyzed to grow at a CAGR of 6.2%
over the forecast period 2014 to 2020.
Articulated
robots led the global market revenue share by accounting for 48.35%
in the year 2013, followed by Cartesian robots which accounted for
20.31% in the same year. The other types of robots which include
SCARA robots and cylindrical robots are also expected to witness
significant growth owing to the increasing usage of industrial
robotics across varied industry verticals, over the forecast period
2014 to 2020.
The
global industrial robotics market was dominated by the automotive
industry segment which accounted for 27.39% of the market revenue
share in the year 2013. Metals, foods & beverages, and precision
& optics were the most attractive segments in the year 2013 and
are analyzed to grow at the fastest pace compared to other industry
verticals on account of massive growth in these industries across the
globe.
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The
global industrial robotics market revenue share by functions was
dominated by the materials handling segment which accounted for
33.28% of the global share in the year 2013. This segment is slated
to continue its dominance over the forecast period 2014 to 2020. In
2013, soldering and welding was another major segment which accounted
for 26.35% of the global industrial robotics market revenue share
owing to high end usage in machinery industry, where precision and
accuracy are key factors.
Globally,
Asia Pacific is analyzed to be fastest growing market, growing at a
CAGR of 7.6% over the forecast period, due to the research and
development infrastructure growth in countries such as Japan,
Australia, China and India. Countries such as Italy, Germany, France,
and the U.K in Europe, and Mexico in North America are expected to
offer high potential across varied application sectors wherein
industrial robots would be used primarily in the coming years. Thus,
the market for industrial robotics is expected to witness healthy
growth across varied industry verticals and regions.
Browse
the full Press Release of Global Industrial Robotics Market:
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The
market report provides company market share analysis of key players
operating in the industrial robotics market. These key players have
been profiled on factors such as company overview, financial
overview, business strategy, SWOT analysis, and recent developments
in the market. Some of the players profiled in the report are Denso
Corporation, KUKA Robotics Corporation, FANUC Ltd., and Yaskawa
Motoman Robotics among others.
Industrial
Robotics Market: By geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Industrial
Robotics Market: By types
- Cartesian
- Articulated
- Cylindrical
- SCARA
- Others
Industrial
Robotics Market: By industry
- Electrical & Electronics
- Automotive
- Machinery
- Chemical, Rubber & Plastics
- Food & Beverages
- Metals
- Precision & Optics
- Others
Industrial
Robotics Market: By function
- Materials Handling
- Milling, Cutting and Processing
- Soldering and Welding
- Painting and Dispensing
- Assembling & Disassembling
- Others
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