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Technavio’s research analyst predicts the global industrial robotics market in the rubber and plastic industry to grow at a CAGR of 18% during the forecast period. The demand for plastic is growing from automotive, electricals and electronics, pharmaceuticals, and household sectors. For instance, China, being one of the major producer and consumer of plastics in the world started adopting industrial robots in their production process to address the increasing demand. During 2014, China contributed to the majority of industrial robot sales of in the rubber and plastic industry.
The expansion in robotics technologies such as 3D vision, software, sensors, and evolution of artificial intelligence has increased the footprints of robotics in the rubber and plastic industry. These technologies have aided in enhancing operations such as material handling, injection molding, blow molding, and machine tending and this extension in the technologies is expected to boost the adoption of industrial robots in the rubber and plastic industry.
The cartesian robotic segment dominated the market during 2015, with a market share of more than 50%. The higher degree of freedom, three axis linear movements, and the ability for mounting on wall or ceiling are some of the key factors that are driving the growth of this segment in the rubber and plastic industry for material handling and gluing applications.
Material handling application accounted for 43% of the market share during 2015. The globalization of commerce and the associated supply chain fragmentation of rubber and plastic industries are driving the use of advanced technologies - such as robots - in material handling applications.
APAC accounted for 46% of the market share during 2015 and is expected to grow at a CAGR of 19% during the forecast period. The need to modernize and upgrade existing manufacturing facilities (owing to high demand from expanding middle classes and spreading urbanization) is one of the primary growth drivers of the market in this region.
The industrial robotics market in the rubber and plastic industry consists of large and medium size suppliers, which make the market highly competitive. Industrial robotics in the rubber and plastic industry require large and specialized investments. This deters small vendors from competing with the large vendors of the market. New vendors will still try to enter the market with minimal support from the venture capitalist and focus on a particular application rather than diversifying their product portfolio.
The leading vendors in the market are -
Other prominent vendors in the market include Denso Robotics, Epson Robotics, Staubli Robotics, Yamaha Robotics, Adept Technology, Pari Technology, Nachi Fujikoshi, Apex Automation and Robotics, Axium, TM Robotics, and Yaskawa.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: Explore Technavio
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