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Research analysis on the global motors and actuators market in industrial robots identifies that the rising demand for industrial robots in manufacturing industries will be one of the major factors that will have a positive impact on the growth of the market. Industrial robots entered the industries segment with the manufacturing processes in the automotive industry. Owing to their precise movements and accuracy in performing tasks, these robots will soon be established in food and beverages and electronic and electrical industries. The increased awareness about the activities performed by the industrial robots has attracted numerous manufacturers over the years. The added advantages such as improved output and quality and complex tasks performed with ease have led to the increased popularity of industrial robots in the manufacturing industry. The increasing need for industrial robots in the manufacturing industry will directly influence the shipment and sales for motors and actuators in industrial robots. Technavio's market research analysts predict that this market will grow at a CAGR of more than 6% by 2021.
In terms of geographic regions, APAC will be the major revenue contributor to the motors and actuators market in industrial robots throughout the forecast period. Manufacturers are constantly trying to upgrade the industrial automation process by installing industrial robots across the different departments. This will drive the growth of the market in the region. The ease of operation and the need to consolidate their market by providing competitive products that is driving the market for industrial robots in the region, will also fuel market growth.
The motors and actuators market in industrial robots consists of companies offering motors and actuators for the end-users used in different application areas. The competition among the vendors is intense and they are constantly trying to provide innovative motors and actuators for industrial robot manufacturers. The vendors of industrial robots have their motors and actuators built in-house. These motors and actuators used in their robots are helping them develop a competitive edge over their competitors. Additionally, the vendors are also providing full-fledged customer services and support.
The leading vendors in the market are -
The other prominent vendors in the market are AMTEK, Emerson, Mini Motor, Moog, Nidec, Phytron, TECO Electro Devices, and AZBIL.
During 2016, the motors segment accounted for the major shares of the motors and actuators market in industrial robots. Factors such as the increasing adoption of servo and stepper motors in industrial robots, due to their ability to provide precision control over rotary movement and increased efficiency, will contribute to the growth of this industry segment in the coming years.
As per this market research report, the automotive segment will hold the maximum share of the motors and actuators market in industrial robots until 2021. The automotive industry was the first to adopt industrial robots. The rising competition in the automotive industry and the need to provide high-quality products to the customers has resulted in an increased adoption of industrial robots in this industry. The industrial robots are increasingly used in different departments in the production line for applications like metal cutting, welding, painting, and assembling.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
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