The report forecasts the global foundry and forging robots market to grow at a CAGR of 7.01% during the period 2016-2020.
The report 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.
Demand for multipurpose robotic systems will be a key trend for the growth of global industrial robots market. The requirement and demand of multipurpose robots can improve the future of the global industrial robots market. At present, end-users are seeking efficient devices that can execute numerous variable functions. A multipurpose robot in an industrial setting should be capable of welding, machine tending, assembling, packaging, dispensing, material handling, and material removing, which are essential for the company. End-users are also widely adopting inspection robots that can perform error-proofing and regulate assembly process. The deployment of multipurpose robots improves production, reduces overall expenditure, and ensures efficiency.
According to the report, one of the key drivers for market growth will be launching EU initiatives. Horizon 2020, launched in December 2013, is the largest EU research and innovation program, which is worth $88.68 billion. The investment is made by European leaders and the members of the European Parliament for seven years (2014-2020). Robotics has been acknowledged as the key resources that can secure an edge over the global market.
Further, the report states that high competition from metal 3D printers has perpetuated its use and hence it will be a challenge for the market.
- OMRON Adept Technologies
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key takeaways
For more information about this report visit http://www.researchandmarkets.com/research/5w4bxh/global_foundry
Related Topics: Robotics
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SOURCE Research and Markets