The Global Industrial Robots Market is one of the fastest growing markets which is being pushed by the technological innovations in the field. The Industrial Robots market was introduced to the world when the first ever Industrial Robots were used in a General Motors plant at New Jersey in the year 1962. The market has grown to a huge level since that time covering all the six continents and used in almost every industry. Geographically Asia Pacific is the major market for Industrial Robots having a share of 55% of the global market revenue. The market is dominated by five countries i.e. China, Japan, Republic of South Korea, USA, and Germany covering almost 70% of the market. China is the main growth driver of this market.The major players in the segment are ABB Robotics, KUKA Robotics, Fanuc Corporation, and Yaskawa Motoman Robotics having 70% of the total global revenue. Other than that the major players are Mitsubishi Electric Co., Kawasaki Heavy Industries, Nachi Robotics, etc.
The Industrial Robots market has application in almost all type of industry with automotive, electrical and electronics industry being the major consumers of the market driving its growth. Healthcare is another industry which provides good growth opportunity for the Global Industrial Robots Market.
Ambarish Kumar Verma, Managing Director of NOVONOUS Business Consulting Private Limited said “Articulated robots are the most widely used robots covering almost 50% share of the total market revenue, followed by Cartesian and SCARA robots. Collaborative robots are the newly introduced technology in the market which can work in collaboration with humans in near proximity.”
NOVONOUS estimates that Global Industrial Robots Market will achieve annual CAGR of 15% till 2020. Application Wise Material handling robots are the most dominating robots in the market revenue share having major applications in Automotive, food and beverage industries. This is followed by welding robots which have major applications in automotive industries.
The Global Industrial Robots Market is set for a huge growth with many developing nations moving towards automation for higher productivities, efficiency and higher industrial growth.
Spanning over 142 pages and 126 exhibits, “Global Industrial Robots Market (By Type, Applications and Regions) 2016-2020” report presents an in-depth assessment of the industry from 2016 till 2020.
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