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Industrial Robots Market Projected to Significant Growth During the Forecast Period of 2020-2027

The research and analysis conducted in Industrial Robots Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Industrial Robots industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Industrial Robots Market report is provided that covers many work areas.

Market expectations for likely development openings have been mentioned clearly in this world class Industrial Robots Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Industrial Robots Market report.

Global industrial robots market is expected to register a healthy CAGR of 10.10% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to increase in investments for automation in industries and surge in labor charges worldwide.

Market Definition: Global Industrial Robots Market

An industrial robot is a robot system used in assembly line and for manufacturing. Industrial robots play a crucial role in industry automation. Industrial robots are programmable and automated. Robots are employed because of their ability to perform repetitive tasks with accuracy. They help in enhancing productivity and decrease operational costs for manufacturers.

Market Drivers:

Growing demand for industrial robotics from SEMs is driving this market
The increase in investments for innovations and automation in industries is expected to drive the market
Surging demand for automation activities and reduction in custom duties in the industry is expected to drive the market
Demand for minimizing defect, waste and downtime are the factors for growth in this market

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Market Restraints:

The high manufacturing cost of industrial robotics solutions is a major hindrance for the industrial robotics market growth
High investment required for the initial setup is a restraint for this market

Segmentation: Global Industrial Robots Market

By Type

Traditional Industrial Robots
Articulated Robots
SCARA Robots
Parallel Robots
Cartesian Robots
Others
Collaborative Robots

By Industry

Automotive
Electrical and Electronics
Plastics, Rubber, and Chemicals
Metals and Machinery
Food and Beverages
Precision Engineering and Optics
Pharmaceuticals and Cosmetics
Others

By Technology

Motion Control and Drives Systems
Robotics Systems
Integrated Manufacturing Systems
Machine Vision Systems
Manufacturing Execution Systems
Programmable Logic Control System
Others

By Geography

North America
S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa

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Key Developments in the Market

In November 2017, Kawasaki collaborated with ABB for robot automation cooperation. This can be the world’s 1st collaboration targeted on cobots and creation of trade approaches to safety, communication, and programming. This means more variability and more human intervention. This collaboration will bring advancement in technology and expand their product portfolio
In April 2017, IBM partners with ABB for industrial artificial intelligence that will merge IBM Watson's power with ABB Ability, ABB's extensive digital offering to unlock new value for customers in utilities, industry, transportation and infrastructure. This partnership will unlock new achievement for both the companies and bring new technological advancement

Competitive Analysis

Global industrial robots market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial robots market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global industrial robots market are ABB, KUKA AG, Mitsubishi Electric Corporation, FANUC CORPORATION, Kawasaki Heavy Industries Ltd., YASKAWA ELECTRIC CORPORATION., Seiko Epson Corporation, Stäubli International AG., NACHI-FUJIKOSHI CORP., DENSO CORPORATION., Comau SpA VAT, DAIHEN Corporation, OMRON Corporation, Universal Robots, CMA ROBOTICS SPA ITALY, Artech Automation AS, Panasonic Corporation.

The Industrial Robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Industrial Robots market.

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Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Industrial Robots market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Industrial Robots market. These factors have benefited the growth of the global market for Industrial Robots. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

Reasons to Purchase this Report:

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value USD Million and volume Units Million data for each segment and sub-segment
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)

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Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

Market outline

PART 05: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 06: MARKET SIZING

Market definition
Market sizing 2021
Market size and forecast

PART 07: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 08: MARKET SEGMENTATION BY PRODUCT

Global Industrial Robots market by product
Comparison by product
Market opportunity by product

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

Global Industrial Robots market by distribution channel
Comparison by distribution channel
Global Industrial Robots market by offline distribution channel
Global Industrial Robots market by online distribution channel
Market opportunity by distribution channel

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

Global Industrial Robots market by end-user
Comparison by end-user

PART 12: REGIONAL LANDSCAPE

Global licensed Industrial Robots market by geography
Regional comparison
Licensed Industrial Robots market in Americas
Licensed Industrial Robots market in EMEA
Licensed Industrial Robots market in APAC
Market opportunity

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 15: MARKET TRENDS

PART 16: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 17: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors

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