Global Industrial Robotics Market in Rubber and Plastic Industry 2016-2020

Market outlook of the industrial robotics market in rubber and plastic industry

Technavio’s research analyst predicts the global industrial robotics market in the rubber and plastic industry to grow at a CAGR of 18% during the forecast period. The demand for plastic is growing from automotive, electricals and electronics, pharmaceuticals, and household sectors. For instance, China, being one of the major producer and consumer of plastics in the world started adopting industrial robots in their production process to address the increasing demand. During 2014, China contributed to the majority of industrial robot sales of in the rubber and plastic industry.

The expansion in robotics technologies such as 3D vision, software, sensors, and evolution of artificial intelligence has increased the footprints of robotics in the rubber and plastic industry. These technologies have aided in enhancing operations such as material handling, injection molding, blow molding, and machine tending and this extension in the technologies is expected to boost the adoption of industrial robots in the rubber and plastic industry.

Product segmentation and analysis of the industrial robotics in rubber and plastic industry

• Cartesian
• Articulated
• Others (SCARA, cylindrical, and delta)

The cartesian robotic segment dominated the market during 2015, with a market share of more than 50%. The higher degree of freedom, three axis linear movements, and the ability for mounting on wall or ceiling are some of the key factors that are driving the growth of this segment in the rubber and plastic industry for material handling and gluing applications.

Segmentation by application and analysis of the industrial robotics market in rubber and plastic industry

• Material handling
• Assembling and disassembling
• Dispensing and painting
• Cutting and milling
• Others (finishing, palletizing, and over molding)

Material handling application accounted for 43% of the market share during 2015. The globalization of commerce and the associated supply chain fragmentation of rubber and plastic industries are driving the use of advanced technologies - such as robots - in material handling applications.

Geographical segmentation and analysis of the industrial robotics market in rubber and plastic industry

• Americas
• APAC
• EMEA

APAC accounted for 46% of the market share during 2015 and is expected to grow at a CAGR of 19% during the forecast period. The need to modernize and upgrade existing manufacturing facilities (owing to high demand from expanding middle classes and spreading urbanization) is one of the primary growth drivers of the market in this region.

Competitive landscape and key vendors

The industrial robotics market in the rubber and plastic industry consists of large and medium size suppliers, which make the market highly competitive. Industrial robotics in the rubber and plastic industry require large and specialized investments. This deters small vendors from competing with the large vendors of the market. New vendors will still try to enter the market with minimal support from the venture capitalist and focus on a particular application rather than diversifying their product portfolio.

The leading vendors in the market are -

• ABB
• Fanuc
• KUKA
• Kawasaki
• Mitsubishi

Other prominent vendors in the market include Denso Robotics, Epson Robotics, Staubli Robotics, Yamaha Robotics, Adept Technology, Pari Technology, Nachi Fujikoshi, Apex Automation and Robotics, Axium, TM Robotics, and Yaskawa.

Key questions answered in the report include

• What will the industrial robotics market size and growth rate be in 2020?
• What are the key factors driving the global the industrial robotics market in rubber and plastic industry?
• What are the key market trends impacting the growth of the industrial robotics market in rubber and plastic industry?
• 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 rubber and plastic industry?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the industrial robotics market in rubber and plastic industry?