Albany, NY (PRWEB) January 08, 2015
The report traces trends and milestones that have played a pivotal role in the growth and development of the global industrial robot market. Much of the industrial robot market is driven by the health of other industries such as automotives, electronics, rubber and plastic and others. Given that the forecast for these industries is largely positive, the report opines that the global industrial robot market will also likely witness encouraging growth. Demand for industrial robots will be especially high in countries such as the United States, Germany, Japan and China. In many other countries that are reaching high industrialization levels, the demand for industrial robots is predicted to remain constant.
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The report states that the global industrial robot market continues to witness intense competition and the barriers to entry in this market are high. The success of market participants rests largely on the level of innovation they are able to exhibit. Moreover, companies need to strive to develop different solutions for different industrial sectors, which call for large investments by means of both skill and capital. Currently, this is the only way in which market participants can ensure that they are able to maintain long-term partnerships with their customers and not lose out to competing companies in the industrial robot market.
In order to offer an even detailed view of the industrial robots market, the report studies the key customer base for companies operating within this realm. According to the findings of the report, the electronics and automotive sectors constitute the largest customer base and provide highest revenues to the industrial robots market.
The learning curve for developing robotic technologies is steep in this market, often, it is this lack of know-how that poses hindrances to new entrants. The report analyzes and discusses these and other barriers to entry in great detail. The growth in this market, according to the findings of the report, will be curtailed to a large extent by safety issues, labor-related issues associated with replacing human workers with robots, and a few other issues that are unique to various geographies. The major trends to watch out for in this market will be advancement of technology and the development and extensive usage of dual arm robots that will improve efficiency and speed.
Global Industrial Robot Market: Trends & Opportunities (2014-2019)
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