According to Sandler Research, the industrial robotics market in China is set to grow at a CAGR of 10.09% over the period 2013-2018. Industrial robotics is the technology used to automate a variety of manufacturing processes across different industries such as automotive, food and beverage, electrical and electronics. Industrial robots are programmed to automate and control the manufacturing processes such as arc welding, spot welding, materials handling, machine tending, picking, packing and palletizing, assembly, mechanical cutting, grinding, deburring and polishing, gluing, adhesive sealing and spraying materials, and other applications including inspection, water jet cutting, and soldering.
The industrial robotics market in China can be divided into five segments: articulated robots, linear robots, SCARA robots, parallel robots, and cylindrical robots. Companies discussed in the report include ABB, Fanuc, Yaskawa Electric, Changzhou Mingseal Robotic Technology, Dalian Zhiyun Automation, Harbin Boshi Automation, Harbin Haier Hagongda Robot Technology, Hyundai Heavy Industries, Mesnac, Miracle Automation Engineering, OTC, Siasun Robot & Automation, Staubli and Suzhou Boshi Automation.
According to another Sandler Research report, the global industrial robotics market is expected to grow at a CAGR of 6.42% between 2013 and 2018. This report covers the present scenario and the growth prospects of the global industrial robotics market for the period between 2014 and 2018. This report considers revenue generated from the installation and maintenance of industrial robot systems. The report discusses the major drivers that influence the growth of the market.
Companies highlighted in the global industrial robotics market report include ABB Ltd., Fanuc Corp., Yaskawa Electric Corp., Adept Technology Inc., Apex Automation and Robotics, Aurotek Corp., Axium Inc., Daihen Corp., Denso wave Inc., Ellison Technologies Inc., Kawasaki Robotics Inc., Kuka AG, Mitsubishi Electric Corp., Nachi Fujikoshi Corp., Pari Robotics, Reis Robotics, Rockwell Automation Inc., Schunk GmbH, Staubli International AG, TM Robotics and Yamaha Robotics.
Commenting on this report, a Sandler Research analyst says: “Vendors are developing next-generation robotics systems that can help manufacturing companies sustain their position in the competitive business environment. Vendors are using artificial intelligence to develop independent robotics systems to individually perform a wide range of tasks separately. Independent robotics systems can help manufacturing companies improve the efficiency of the production process by reducing production errors. Thus, customers also prefer these independent robotics systems that vendors are now developing.”
According to the report, industrial robotics aids companies in reducing the cost due to product failure and product wastage. An increase in the outsourcing of manufacturing activities to low-cost countries, especially in the APAC region, is a major driver.
Further, the report states that a continuous decline in the average selling price of industrial robotics is one of the major challenges. Vendors are being forced to reduce prices to attract cost-driven companies and gain or retain the market share in this highly competitive market.
SandlerResearch.org is an online market research reports library of 100,000+ in-depth studies of over 20+ categories and their micro segments. Not limited to any one industry, we offer research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
Source: PR Newswire; Image via Google Images
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