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Forecast and Opportunities Report on Global Industrial Robotics Market

Reviewed

Mar 23 2015

Research and Markets has announced the addition of the "Global Industrial Robotics Market Forecast and Opportunities 2020" report to their offering.

Global market for industrial robotics is forecast to generate revenues of over USD 46 billion by 2020

Asia is the largest market for industrial robotics with a majority market share in both value and volume terms. With the aim of increasing their returns, manufacturers are gradually shifting their production bases to Asian countries. Demand for industrial robots from emerging countries such as India, Thailand and Taiwan has been escalating. Further, on account of booming manufacturing sector, China surpassed Japan in industrial robot shipment in 2013, to emerge as the largest market for industrial robotics across the globe. Asia is expected to maintain its dominance in the market through 2020. Development of collaborative robots, growing penetration in SMEs and launch of application specific robots are the key trends emerging in industrial robotics market, globally.

Industrial robotic systems include re-programmable devices designed to transport parts and specialized manufacturing implements, through pre-programmed motion for particular manufacturing processes. Adoption of industrial robotics allows manufacturers from various industries to increase productivity, improve quality and reduce process errors. Due to increasing labor cost and market competition, coupled with benefits offered by industrial robotics, manufacturers are increasingly moving towards process automation. Launch of cost effective, low cost and energy efficient robots has further stimulated the demand from diverse industries such as food, healthcare, pharmaceutical, metal & machinery, among others.