Below are some of the key findings from this industrial robots market analysis report
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Overview of the Global Industrial Robots Market in the Home Appliances Industry
The growing demand for home appliances will be one of the major factors driving the market’ growth prospects during the next few years. Developed and developing countries are steadily witnessing growing demand for home appliances, supported by the growing disposable income and rising standard of living in these regions. The limited penetration of such goods in rural areas and Tier-3 cities witnesses steady growth of new installations. This increases the demand for home appliances and acquires investments for setting up new manufacturing plants. Large companies such as Midea Group, Electrolux, and Philips are using industrial robots in various applications, primarily, material handling and assembly line. Also, the emergence of a new generation of robots is encouraging the manufacturers in the market to improve the flexibility in the configuration of the robots that can efficiently handle various designs, significantly driving the market growth.
Companies covered
The industrial robots market in the home appliances industry is majorly concentrated due to the presence of several established players offering advanced products and services. These manufacturers offer hardware, software, and services, directed at applications such as material handling, assembly line, welding and sealing, painting and finishing, machine tending, and stamping and others. This industrial robot market analysis report offers a competitive analysis of the market operations of various industrial automation companies in the market space that will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of a number of companies including:
- ABB
- FANUC
- Kawasaki Heavy Industries
- Midea Group
- Universal Robots
- Yaskawa Electric
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Industrial robots market in the home appliances industry growth based on geographic regions
Through a study of the growth opportunities for the companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in APAC will be the major revenue contributor to the growth of the automation in the manufacturing industry throughout the forecast period. The high demand for products such as refrigerators, heaters, and air conditioners is encouraging the global and regional OEMs to invest and build new home appliances manufacturing plants.
Industrial robots market in the home appliances industry growth based on products
- Material handling
- Assembly line
- Painting and finishing
- Welding and sealing
- Machine tending and stamping
According to our market research experts, industrial robots find their application primarily in the material handling application segment in the automation in the manufacturing industry throughout the forecast period. Due to the difficulty in handling small and delicate parts manually, material handling demand extensively for industrial robots and the highest degree of automation within a home appliance manufacturing set up.
Key highlights of the global industrial robots market in the home appliances industry for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the industrial robots market in the home appliances industry during the next five years
- Precise estimation of the global industrial robots market in the home appliances industry size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial robots market in the home appliances industry across various geographies such as the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of companies in the industrial robots market in the home appliances industry
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