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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.
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.
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.
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.
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.
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Table of Contents
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 application
PART 07: Market segmentation by end-user
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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