Industrial Robotics Market in Asia Pacific 2016-2020
- Published: May 2016
- Pages: 70
- SKU: IRTNTR9428
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This market research report presents a detailed segmentation of the industrial robotics market in APAC by applications (material handling, assembly line, welding, paint robots, logistics, machine tending, and inspection) and by end users (automotive, food and beverage, industrial machinery, electronics and semiconductor, and others). The leading vendors in the market include ABB, FANUC, Kawasaki, KUKA, Yaskawa, and SIASUN.
Overview of the industrial robotics market in APAC
Technavio’s market research analyst predicts the industrial robotics market in APAC to grow at a CAGR of more than 8% by 2020. The growing popularity of smart and robotic factories among various manufacturing companies in APAC has necessitated the implementation of maximum standards for precision and quality. This focus on precision and quality will increase the application of robots in the industrial sector. These robots are finding usage across several verticals primarily for mass production and their ability to increase efficiency, produce better quality products, standardize products, and reduce wastage will ensure that they are extensively adopted during the predicted period. Moreover, with the growing demand for automation in several manufacturing facilities, the need for industrial robots has increased substantially.
As per this market research analysis, an interesting trend gaining momentum is the increased use of collaborative robots or cobots in the manufacturing sector. Cobots have become very popular among small and medium businesses owing to their affordability, high adaptability, and pre-enabled plug and play features. Several companies are opting for cobots as these robots take less space, are easy to train and flexible to handle short-run and repetitive tasks. With industrial cobots being the fastest growing category in the industrial robotics sector, the market will witness considerable rise in revenues during the forecast period.
Segmentation by application and analysis of the industrial robotics market in APAC
- Material handling
- Assembly line
- Paint robots
- Machine tending
During 2015, the material handling segment dominated the market and occupied more than 50% of the overall market share. The presence of a large number of already existing manufacturing facilities, increasing adoption of robots among small sized business for packaging, and decreasing ergonomic hazards for workers will fuel the need for material handling robots in factories and workshops. With rising investments in setting up new manufacturing facilities, the demand for material handling robots will rise rapidly during the forecast period.
Segmentation by end user and analysis of the industrial robotics market in APAC
- Food and beverage
- Industrial machinery
- Electronics and semiconductor
The automotive sector is the largest end user of industrial robots and will continue its dominance in the market until 2020. Much of this segment’s growth can be attributed to the presence of an established automotive industry in Japan and China, which have the largest automotive manufacturing base in APAC. The growing demand for passenger cars and the subsequent need for their virtual inspection will result in the positive growth of this segment over the next four years.
Competitive landscape and key vendors
This market is dominated by large domestic and Japanese vendors who compete in terms of quality, durability, reliability, and technological innovations to gain substantial market shares. Domestic players are expected to gain a better market share in the coming years because of their high price-performance services and flexible sales method, besides offering customized solutions for various manufacturing industries. Competition in this market is expected to intensify with increased R&D innovations and M&A activities in the near future.
The leading vendors in the market include -
Other prominent vendors in the industrial robotics market in APAC are Adept Technologies, Epson Robotics, Honda, Mitsubishi Electric, Nachi-Fujikoshi, Staubli Robotics, and Yamaha Robotics.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the industrial robotics market in APAC?
- What are the key market trends impacting the growth of the industrial robotics market in APAC?
- What are the challenges to market growth?
- Who are the key vendors in the industrial robotics market in APAC?
- What are the market opportunities and threats faced by the vendors in the industrial robotics market in APAC?
- Trending factors influencing the market shares of the APAC region.
- What are the key outcomes of the five forces analysis of the industrial robotics market in APAC?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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