Market outlook for the global industrial robotics market in heavy industries
Technavio’s research analyst predicts the global industrial robotics market in heavy industries to grow at a CAGR of 6% during the forecast period. The need to comply with governmental scrutiny and to reduce operational costs has promoted the use of industrial robots in heavy industries. For instance, the average labor costs in China has been rising by nearly 10% yearly since 2001. The use of robots has helped save 50% of production cost and has reduced workers idle time by 80%, leading to substantial cost savings. The use of industrial robots for tasks such as welding and sheet handling in heavy industries has also proved the efficiency of the robotic systems in terms reduction in cycle time and raw material wastage.
With the growth in the implementation of robotic solutions in the heavy industries sector, end-users can attain the operational flexibility required for addressing different product requirements. Robots are ideal for multitasking and can handle repetitive tasks efficiently. They are swift and can be deployed in accident-prone areas in production lines.
Application segmentation and analysis of the industrial robotics market in heavy industries
- Material handling robots
- Assembly line robots
- Industrial welding robots
During 2015, the material handling robots segment accounted for nearly 47% of the global industrial robotics market in heavy industries owing to high demand for the handling of heavy components under harsh working environment. Material handling robots can handle heavy payloads and are highly useful in certain production lines, which involve huge machine parts that cannot be lifted manually.
End-user segmentation and analysis of the industrial robotics market in heavy industries
- Metalworking machinery
- Construction machinery
- Other heavy machinery
The metalworking machinery segment accounted for 26% of the global industrial robotics market in heavy industries during 2015. The segment involves machine tools, which consist of conventional machine tools and the CNC machine manufacturing. The market is seeing robot-machine tool collaboration for the smooth and efficient functioning of machine tools, which has created huge opportunities for industrial robot vendors.
Geographical segmentation and analysis of the industrial robotics market in heavy industries
APAC led the industrial robotics market in heavy industries with a share close to 45% during 2015. However, the Americas is likely to see the highest growth during the forecast period. This rapid growth can be attributed to the legislations regarding energy efficiency and emissions that are expected to fuel the market growth, especially in the US, as robots are energy efficient and reduce the overall energy costs and energy consumption.
Competitive landscape and key vendors
Competition in the global industrial robots market in heavy industries has intensified following innovations in products and solutions and marketing strategies. Many startups have emerged that offer customized robotic solutions. The key vendors are working to provide complete industrial robot solutions from material handling to welding to assembling. This is also boosting the competition. R&D programs such as the Horizon 2020 of the European Union, a research initiative in the field of robotics, is expected to result in innovations and technologies. M&A transactions should also play an important role in expanding the market during the forecast period. For instance, during 2015, ABB acquired Gomtec, a company that develops mechatronic systems, to increase its product portfolio.
The leading vendors in the market are -
Other prominent vendors in the market include Adept Technology, Apex Automation and Robotics, Denso Robotics, EpsonRobotics, Kawasaki Robotics, Mitsubishi Electric, Nachi Robotic Systems, Rethink Robotics, TM Robotics, and Universal Robots.
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 global industrial robotics market in heavy industries?
- What are the key market trends impacting the growth of the global industrial robotics market in heavy industries?
- 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 global industrial robotics market in heavy industries?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global industrial robotics market in heavy industries?
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Table of Contents
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
- Other prominent vendors
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Global material handling robots market in heavy industry
- Global assembly line robots market in heavy industry
- Global welding robots market in heavy industry
PART 07: Market segmentation by end-user
- Global industrial robotics market in metalworking machinery segment
- Global industrial robotics market in construction machinery segment
- Industrial robotics market in other heavy machinery segment
PART 08: Geographical segmentation
- Industrial robotics market in heavy industry in APAC
- Industrial robotics market in heavy industry in EMEA
- Industrial robotics market in heavy industry in the Americas
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
- Competitive scenario
- Vendor mapping
- Competition business overview
- Competition financials
- Recent developments
- Key takeaways
PART 15: Appendix
PART 16: Explore Technavio