Global Robotics Market 2015-2019
Market outlook of global robotics market
Technavio’s market research analysts estimate the global robotics market to witness a steady growth at a rate of around 26% during the forecast period. The growing adoption of industrial robots in developing countries is expected to drive this market during the forecast period. The market is seeing huge demands from the automotive, electrical and electronic and food and beverages industry in the developing countries. The US, Germany, and Japan are the major revenue contributors to the robotics market.
The economic boom in APAC has paved the way for industrialization and manufacturing. The increase in purchasing capacity has also led to a demand for high-quality consumer goods. Industrial robots are also replacing skilled laborers for various precision based roles such as welding and packaging.
Segmentation of the global robotics market by application type
The industrial segment is further classified into articulated, Cartesian, SCARA, and cylindrical while the service segment is subdivided into personal/domestic and professional.
Segmentation of the global robotics market by geography
APAC is the fastest growing region globally, with countries like South Korea, China, Taiwan, and India emerging as the leaders in this region. Leading vendors such as ABB and Kuka are establishing the region as their base of operations. Moreover, governments’ legislations and investments have enabled projects to enhance the infrastructure. These factors have made APAC the preferred manufacturing hub.
Key trends of the robotics market
In the recent years, there has been a significant increase in the number of robotic units sold in China. Government policies such as investment credits promoted the sales of local robots and led to an exponential growth of the local vendors. The country has also incorporated a large number of industrial robots into the industries due to growing labor cost and inflation. By the end of 2017, China is predicted to have the highest number of working robots in its manufacturing sector due to the steady adoption of automation into automotive and electronics industries.
This report provides some of the trends of the robotics market. It also offers an analysis of each trend and an estimation of the extent to which these trends are likely to impact the overall market growth.
Competitive landscape and key vendors
The robotics market is highly competitive with a large number of automation and robotics vendors. Some of these vendors specialize in providing industry-specific articulated robots to their end-users; creating a competitive edge over competitors. Most of the leading vendors in the robotics market are based out of the APAC region.
The top four vendors in the market are –
- Yaskawa Electric
Other vendors in the market include Adept, Honda, Intuitive Surgical, iRobot, Kawasaki, and Epson Robotics.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global robotics market?
- What are the key market trends impacting the growth of the robotics market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the robotics market?
- Trending factors influencing the market shares of APAC, EMEA, and the Americas?
- What are the key outcomes of the five forces analysis of the global robotics market?