Global industrial robotics market expected to grow to $40.08B by 2020
Dallas, TX - An industrial robotics market report from RnR Market Research, which analyzes the ecosystem of industrial robots (which includes those used in laser cutting and laser welding), forecasts that the market will grow to $40.08 by 2020. The market is segmented by type, which includes articulated robots, cylindrical robots, Cartesian/gantry robots, SCARA robots, and parallel/delta robots, among others.
Related: 3D laser cutting robot: A view from China
By component, the market is segmented into electrical components, electronics components, and mechanical components. The major robot functions included while segmenting the market by function are: welding robots (arc welding, gas welding, laser welding, and spot welding); material handling robots (machine tools handling, pick-and-place, and warehousing); packaging and palletizing robots; painting robots (coating, dispensing, sealing, spraying, and polishing); assembling and disassembling robots; cutting, grinding, and deburring robots (laser cutting, water jet cutting, and others); and measurement, inspection, and testing robots, among others.
The report also includes the segmentation of the market on the basis of the industries such as the automotive industry; electrical and electronics industry; chemical, rubber, and plastics industry; metal and machinery industry; food and beverages industry; pharmaceutical industry; and construction industry, among others. It also provides the geographic segmentation on the basis of the four major regions, namely the Americas, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).
The report discusses the value chain, supply chain, Porter's analysis, market dynamics, and winning imperatives for the industrial robotics market. The report also covers detailed market segmentation, the estimated overall industrial robotics market size in 2013, and the market forecast from 2014 to 2020.
The industrial robotics market is expected to gain more value as articulated robots are widely being used these days—they have also replaced other types of robots. Currently, the automotive industry accounts for a high market size in the industrial robotics market, whereas the welding robot function is growing at the highest compound annual growth rate (CAGR) compared to other robot functions. Articulated robots account for a higher market share in a developing economy like APAC. However, the Americas is estimated to grow at the second highest CAGR in the projected years.
The report is available for purchase here: http://whate.ch/1z6pb7W.