Madrona Venture Group made a speculation of US$ 6.1 Mn for testing, procuring, and item improvement of Industrial Robots in May 2019. Organizations are embracing a few business techniques to take into account showcase capitalization. This will fuel interest for modern robots, which will in this way support the worldwide Industrial Robots showcase. Fortune Business Insights in another report, titled ” Industrial Robots Market Size, Share and Global Trend By Robot Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel, Others), By Application (Pick and Place, Welding and Soldering, Material Handling, Assembling, Cutting and Processing, Others), By End-Use Application (Automotive, Electrical and Electronics, Healthcare and Pharmaceutical, Food and Beverages, Rubber and Plastic, Metals and Machinery, Others) and Geography Forecast till 2026″ features a portion of the Industrial Robots advertise pattern winning somewhere in the range of 2018 and 2026. According to the report, the worldwide market for Industrial Robots was worth US$ 18.78 Bn in 2018 and is foreseen to reach US$ 59.99 Bn by 2026. Besides, the market is relied upon to ascend at an exponential CAGR of 15.7% during the gauge years.
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Top Players Overview:
- Yaskawa Electric Corporation
- Denso Ten Solutions Philippines Corporation
- FANUC America Corporation
- KUKA Robots
- Kawasaki Robots
- Panasonic Avionics Corporation
- Nachi Robotic Systems, Inc.
- Industrial Robots
- Adept Technologies LLC
The flood in human work has constrained makers to supplant people with robots. The rise of industry 4.0 has reformed advancements and presented robots. A few ventures are embracing robots to streamline their assembling forms and decrease blunders. Industrial Robots assume a pivotal job in assembling enterprises as most of the tasks are overseen by these robots. Prior, organizations were exceptionally reliant on manual working. With the development of robotization, the interest for Industrial Robots is probably going to increment, increasing the modern robots’ market development. These robots guarantee the smooth working of the work process crosswise over businesses. Developing interests in robotization and the foundation of little and medium-scale undertakings are favoring the modern robots’ market potential.
Companies such as ABB, Yaskawa Electric Corporation, and Mitsubishi Electric Corporation are dominating the global industrial robot market.
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Articulated Robots to Witness High Demand from Automotive, F&B, and Pharmaceutical
According to industry prerequisites, enterprises receive various sorts of robots to keep up operational productivity. The report observers interest for Selective Compliance Articulated Robot Arm or SCARA, verbalized, tube shaped, parallel, cartesian/direct, and different sorts of robots. Of these, verbalized robots were driving in the Industrial Robots showcase in 2018. The robot has capacity to perform exact capacities, for example, collecting and material taking care of. Its selection is expanding in businesses, for example, pharmaceuticals, nourishment and refreshments, and car. This, subsequently, is enlarging the Industrial Robots advertise scope. Moreover, the market reposts an expansion in the reception of SCARA robots, as they are intended to work in unforgiving condition. Besides, these robots upgrade the dependability and speed on undertakings, for example, pick and spot or arranging. These are lightweight robots which makes them perfect for swarmed places. For example, Douglas Machine as of late reported the presentation of a solitary SCARA mechanical arm in its psychologist wrap multipack. Businesses, for example, fabricating, car, and nourishment and drinks are progressively receiving such robots.
Rising Automation in Japan and China to Accelerate Growth in Asia Pacific
Among regions, Asia Pacific is expected to maintain its dominance in the global industrial robots market between 2018 and 2026, by covering US$ 6.52 Bn in 2018. The growth is primarily driven by rising automation and manufacturing industry in countries such as China, India, and Japan. The growing consumption of consumer goods and rising per capita income among consumers are further supplementing the industrial robots market share. The demand for specialized machinery is increasing, spurring the industrial robots market revenue. This emerges the need for fast production capacity and high precision. Hence, the adoption of industrial robots is surging to map with the demand. Industrial robotics is likely to soar in India as it is the most appropriate tool for time and money. Invento Robotics designed a humanoid called Mitra with an aim to transform the Indian education system.
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North America is projected to drive the global industrial robots market by 2026 as the market was worth US$ 5.01 Bn in 2018. The growth is attributable to the emergence of industrial revolution 4.0 and the introduction of smart factories. In addition to this, the rising demand for customized robotic systems is fueling demand for such robots across different industries. Following North America, the market is expected to grow in Europe too.
1. By Robot Type
- Others (Collaborative, etc.)
2. By Application
- Pick & Place
- Welding & Soldering
- Material Handling
- Cutting & Processing
- Others (Painting, etc.)
3. By End-Use Industry
- Electrical & Electronics
- Healthcare & Pharmaceutical
- Food & Beverages
- Rubber & Plastic
- Metals & Machinery
- Others ( Construction, Defense, Logistics)
4. By Region
- North America (The U.S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
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