NEW YORK, April 25, 2016 /PRNewswire/ -- Industrial Robots are a remarkable invention in the industrial sector that has changed the industrial automation processes. They are mainly used for material handling, welding, dispensing, processing, and assembly purposes. The key industrial robot which are applied across several industries are Cartesian, Scara, Articulated, Cylindrical, 6-axis and Linear. Production and processing are the major applications of the industrial robotics. Moreover, the increasing investments in the automotive industry are a significant growth factor. During 2010-2013, the investments in the automotive industry grew 22% on an average per year. Apart from that the metal and machinery industry is also contributing to the industrial robotics consumption. Industrial robotics market is expected to grow at a CAGR of 4.4% with total revenue of $12.74 billion by 2020.
Industrial Robotics Market Report is a comprehensive study of the demand and supply trends of Industrial Robotics across four geographies: Americas, Europe, Asia-Pacific, and RoW (Rest of the world). The market study is also presented by segmenting based on type, application, and end use industry.
APAC is the prominent market for industrial robotics and has recorded ~40% robotics sales in 2013. End use industries in APAC region are significantly investing in robotics to speed-up the production process and enhance productivity. The Japanese and Chinese markets are the major countries in terms of sales, owing to the increasing robot installations and have the highest number of robots in operation. Besides these, Germany, South Korea, Unites States also showcased good demand in 2014. Increasing robot manufacturing in China is estimated to boost the market value in the overall APAC market till 2020.
Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments.
SRIs market is dominated by major companies, namely are :
KUKA AG, and many more.
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