MarketsandMarkets
Key players - FANUC Corp. (Japan), YASKAWA Electric Corp. (Japan), ABB Ltd. (Switzerland), KUKA AG (Germany), and Kawasaki Heavy Industries, Ltd. (Japan), among others.
(PRWEB) October 11, 2014
The report "Industrial Robotics Market by Type, Component, Function, Industry (Automotive, Electrical & Electronic, Chemical, Rubber, & Plastic, Metal & Machinery, Food & Beverages, Pharmaceutical, & Construction), & Geography - Analysis & Forecast to 2014 - 2020", defines and segments magnetic field sensor market into various sub-segments with an in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with the insights on trends, opportunities, and challenges.
The market for industrial robotics is estimated to reach $40.08 billion by 2020, at a CAGR of 5.2% from 2014 to 2020. This report includes an in-depth analysis of the market by type, component, function, industry, and geography.
Browse 101 market data tables and 122 figures spread through 220 pages and in-depth TOC on “Industrial Robotics Market - Analysis & Forecast to 2014 - 2020”
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The industrial robotics market is expected to grow at a relatively slow pace; it is driven by factors such as: the growing non-automotive applications of industrial robotics, increase in the use of industrial robots in emerging countries, increased productivity; and reduction in the manufacturing costs, achieved with the use of industrial robots.
Industrial robots are basically used in manufacturing industries to speed up the production process, increase the productivity and efficiency, and to minimize the cost involved in production in the long term. These robots are being widely used in the automotive sector, which in turn, has improved the entire production chain, right from operation in press shops to paint shops and final assembly. Thus, they have yielded quick return on investments and have made dramatic improvements in terms of quality. The two major players on the basis of research in the industrial robotics market are: FANUC Corp. (Japan) and YASKAWA Electric Corp. (Japan).
This report presents the market trends, drivers, and challenges with respect to the the industrial robotics market, and forecasts the market from 2014 to 2020, on the basis of type, component, function, industry, and geography. This global report gives a detailed view of the market across the four major geographies, namely the Americas, Europe, Asia-Pacific, and the RoW. The APAC dominates the market in terms of the market size, currently. All the major automotive manufacturing companies are investing immensely in the APAC region, thus attracting new players toward the market.
On the other hand, YASKAWA Electric Corp. is engaged in the manufacturing, sale, installation, maintenance, and engineering of mechatronics products. The company has been undertaking many actions to expand its business operations in the growing markets, chiefly in Asia. YASKAWA Electric Corporation was founded in 1915 and is headquartered at Kitakyushu, Japan. The company has a vision to increase its current market share while making more gains in terms of customer satisfaction. Thus, in July 2013, Yaskawa Electric Corporation expanded its operations in China, by setting up its site and initiating the manufacturing of industrial robots and controllers in the country. The company, recently, also started producing a wide range of industrial robots for heavy transportation and similar operations; off late, it also announced the supply of industrial robots to the rest of Asia as well.
The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, and agreements and partnerships across itsvalue chain, with a number of tier-one players around the globe.
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