Industrial Robotics Market

Industrial Robotics Emerging Market in Bric Countries

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Industrial Robotics.jpgAllied Market Research adds “Industrial Robotics Market” new report to its research database. The report provides a comprehensive analysis of current & future trends and emerging avenues for the growth of this market globally.

The articulated robots segment accounted for $13 billion in 2012 in the industrial robotics market, owing to increased usage of these robots in the emerging industries such as packaging and healthcare sectors. However, cylindrical robots and other types of robots, such as customized and refurbished robots, are expected to grow at a significant pace in the coming years, owing to their increased demand in the industrial sectors of the Asia-Pacific region. The cylindrical and others segments are estimated to grow at CAGRs of 6.5% and 7.5%, respectively, during the forecast period.

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The automotive industry segment dominated the global industrial robotics market in 2012, with a revenue contribution of $7 billion. However, this segment is expected to witness sluggish growth in the near future, owing to slowdown in the automotive industry in the past years and grow at a CAGR of 4.9% during the forecast period. The food & beverages segment is expected to grow at a significant CAGR of 6.9% during the forecast period, owing to spiraling growth of the food & beverages industry. Moreover, increase in need for customized solutions to make the process faster especially in the untapped regions, such as Brazil, Argentina, and South Africa, is expected to drive the food & beverages industry.

Browse full report: https://www.alliedmarketresearch.com/industrial-robotics-market

Materials handling is the largest segment by function in the global market. In 2012, this segment accounted for over one-third share of the global market, owing to its increased demand over diversified industries such as packaging and electronics, where the market for robots is in its nascent stage especially in the Asia-Pacific and Latin American regions. This segment is expected to continue this trend during the forecast period. Presently, the soldering & welding segment accounted for over one-fourth share of the global industrial robotics market, owing to their aggrandized usage in applications requiring high precision in the machinery industry. The segment accounts for significant share of the market, owing to its price per unit factor rather than volume.

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Industrial Robotics Market is Expected to Reach $41.17 Billion, Globally, by 2020 – Allied Market Research

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According to a new report by Allied Market Research, titled “Industrial Robotics Market (Products, Functions, Applications and Geography) – Global Analysis, Industry Growth, Trends, Size, Share, Opportunities and Forecast – 2013 – 2020“, the global industrial robotics market is expected to grow at a CAGR of 5.4% during the forecast period from 2013 to 2020, reaching a market size of $41.17 billion in 2020. The market was valued at $26.78 billion in 2012. Rapid growth in automation demands, coupled with reduction of duties on refurbished goods in Asia Pacific region has fueled the growth of this market.

Browse the full report at http://www.alliedmarketresearch.com/industrial-robotics-market

Industrial robotics is expected to be used in alternative application areas in growing markets. The key area such as electronics, which is still growing at an increasing rate, has witnessed penetration of industrial robotics in a significant manner. Another key application that industrial robotics might find penetration is healthcare. Nanorobotics is gaining importance in the field of industrial robotics. It is gaining momentum in health care and other niche markets. Nanorobots help in mixing the right compound as per instructions and result in decreasing lead time, which in turn helps the company to meet the demand of these medicines from the consumer.

Among major robot types i.e. articulated robots, cylindrical robots, SCARA robots, and cartesian robots; articulated robots is the largest segment, accounting for $12.97 billion in 2012, owing to increasing usage of these robots currently in emerging industries such as packaging and healthcare sectors. However, cylindrical robots and other types of robots such as customized and refurbished robots are expected to grow at significant pace in the coming years due to their increasing demand in industrial sectors in Asia Pacific region. Cylindrical and other types of robots are estimated to grow at a CAGR of 6.5% and 7.5%, respectively, over the forecasted period.

Based on industries served, the market is segmented into automotive industry, electrical & electronics, chemical, rubber & plastics, machinery, metals industry, food & beverages, precision & optics, etc. Among these, automotive industry segment dominated the market in 2012 at $7.37 billion. However, the segment is expected to witness low growth owing to slow down in the automotive industry. The food and beverages segment is expected to witness highest growth rate of 6.9% over the forecast period owing to rising food and beverages industry. Moreover, the rising need and customized solutions to make the process faster especially in unexplored regions such as Brazil, Argentina, and South Africa is expected to drive the growth in food and beverages industry.

On the basis of functions performed by such robots, the market is segmented into soldering and welding, materials handling, assembling & disassembling, painting and dispensing, cutting and processing, milling, and others,. Materials handling is the largest segment by function in the industrial robotics market.

In 2012, Asia Pacific was the largest revenue generator that accounted for 49.45% of the total market share. The dominance ofAsia Pacific is attributed to growth in number of countries such as China, India, Japan, Taiwan and Australia among others investing heavily in research and development infrastructure developments. Rapid growth in automation demands coupled with reduction of duties on refurbished goods has also fueled growth in the industrial robotics market. Similarly, North Americaand Europe collectively accounted for over one-third of the market share, as these regions have been continually focusing on research and development and have been using industrial robotics for the same.