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Trends & Opportunities Report on Global Industrial Robot Market

Reviewed

Oct 30 2014

Research and Markets has announced the addition of the "Global Industrial Robot Market: Trends & Opportunities (2014-2019)" report to their offering.

The report titled Global Industrial Robot Market: Trends and Opportunities (2014-2019) provides an in-depth analysis of the global industrial robot market and its end-use in different sectors.

The growth of the global industrial robot market is driven by a number of factors that include growth in automotive sector, electronic sector, rubber and plastic industry. Acknowledging these factors, it could be said that the industrial robot business will certainly gain importance in the years to come. While in some countries (China, Germany, USA and Japan) demand for industrial robot will predominate, the demand for industrial robot in other developed nations will remain constant.

The global industrial robot market is highly competitive with high barriers to entry, chiefly driven by product innovation, different services to different sectors and building and maintaining long-term relationships with customer. The customer base for industrial robots is dominated by the automotive and electronics sectors in which large and established players have a dominant client base. The established and prevailing players like Yaskawa, Fanuc, Kuka and ABB are at an advantage as they already have strong expertise in robot technology. As there is a steep learning curve for the development of exclusive technologies and knowhow in the industrial robots market, barriers to entry is very high in this industry.

Barriers to entry, safety issues, supplant of labor by robots and several other issues pose major challenge to the growth of this business. Major trends prevailing in the industrial robot market are technology advancement, introduction of dual arm robots by the leading players and entry of Hiwin in robotics segment.

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