Industrial Robotics Market in the US 2016-2020
- Published: Mar 2016
- Pages: 54
- SKU: IRTNTR9016
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This market research study presents a detailed segmentation of the industrial robotics market in the US by application (material handling, welding, assembly, and painting), by product (articulated, cartesian, and SCARA), and by end-user (automotive, industrial machinery, food and beverage, electronics and semiconductor, pharmaceuticals, and plastic and rubber). The key vendors identified in this market are ABB, Adept Technology, FANUC, KUKA, Yaskawa Electric, and Competition Financials.
Outlook of the industrial robotics market in the US
Technavio’s market research analysts have predicted the industrial robotics market in the US to grow stupendously at an impressive CAGR of more than 12% over the forecast period. Factors such as the reduction in time-to-market of industrial products will propel the growth prospects of this market in coming years. End-users in the US expect short delivery windows for their products. Industrial robots reduce the time-to-market of a product by significantly decreasing the manufacturing and assembling time. Moreover, these robots ensure that the products are of superior quality by eliminating the errors in the manufacturing process. They also improve the speed of the manufacturing process by integrating the various steps involved in the process.
In this industry report, analysts have estimated eminent factors like the rising trend of bot-sourcing to impel the growth prospects of this market until the end of 2020. With the rise in off-shore manufacturing costs, the companies in the US are increasingly shifting their operations to their home country by incorporating robotics and artificial intelligence. Therefore, these companies are looking at automating the process instead of outsourcing to countries where labor is less expensive. While a full-time offshore employee costs 65% less than an on-shore worker, deploying a robot can be up to 90% cheaper. Therefore, a significant chunk of easy-to-automate work in manufacturing companies in the US will be reshored and taken over by industrial robots, thereby propelling the growth of this market until the end of 2020.
Segmentation by application and analysis of the industrial robotics market
- Material handling
During 2015, the material handling segment dominated the industrial robotics market in the US and accounted for close to 37% of the market share. Material handling robots are used in applications like pick and place, packaging, palletizing and depalletizing, and handling in clean room environments. The automotive industry in the US accounts for the largest share of the global material handling robotics market. Since the handling process in the automotive industry involve high payload and cannot be performed by manual labor, industrial robots are well-suited for this industry. Large chassis of buses and trucks cannot be moved manually, and require robots to do these jobs. The increasing requirement of industrial robots in automotive and food and beverage industry will spur this market segment’s growth in the coming years.
Product segmentation and analysis of the industrial robotics market
- Articulated robots
- Cartesian robots
- SCARA robots
During 2015, the articulated robots segment dominated the market and accounted for more than 50% of the market share. Articulated robots are widely used in the US in the manufacturing industries for various applications such as welding, assembling, sealing, picking, cutting, and spraying. Rising complexities in the manufacturing process and miniaturization of electrical and electronic equipment will propel the demand for articulated robots in the forecast period.
Competitive landscape and key vendors
Japanese and English vendors own most of the US facilities producing industrial robots. These companies have invested in the US to obtain a manufacturing presence close to their customer base. The industrial robotics market has the presence of both international and local vendors, but the local vendors find it difficult to compete in terms of quality, features, and capability of the international vendors.
Key vendors in the market are -
- Adept Technology
- Yaskawa Electric
- Competition Financials
Other prominent vendors analyzed in this market analysis are Epson Robotics, Kawasaki Heavy Industries, Mitsubishi Electric, Staubli Robotics, and Yamaha Robotics.
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 industrial robotics market in the US?
- What are the key market trends impacting the growth of the industrial robotics market in the US?
- What are the challenges to market growth?
- Who are the key vendors in the industrial robotics market in the US?
- What are the market opportunities and threats faced by the vendors in the industrial robotics market in the US?
- Trending factors influencing the market shares in the US.
- What are the key outcomes of the five forces analysis of the industrial robotics market in the US?
Technavio also offers customization on reports based on specific client requirement.
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
- Key market highlights
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Industrial robotics market in the US by material handling
- Industrial robotics market in the US by welding
- Industrial robotics market in the US by painting
- Industrial robotics market in the US by assembly/disassembly
PART 07: Market segmentation by product
- Industrial robotics market in the US by articulated robots
- Industrial robotics market in the US by cartesian robots
- Industrial robotics market in the US by SCARA robots
PART 08: Market segmentation by end-user
- Industrial robotics market in the US by automotive industry
- Industrial robotics market in the US by industrial machinery industry
- Industrial robotics market in the US by food and beverage industry
- Industrial robotics market in the US by electronics and semiconductor industry
- Industrial robotics market in the US by pharmaceutical industry
- Industrial robotics market in the US by rubber and plastic industry
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 overview
- Competitive business overview
PART 15: Appendix
- List of abbreviations
PART 16: Explore Technavio
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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