Industrial Robotics Market in the US to grow at a CAGR of 12.25% during the period 2016 - 2020; Finds New Report

Report forecast the industrial robotics market in the US to grow at a CAGR of 12.25% during the period 2016-2020.

Industrial robots consist of a robotic arm, control cabinet, control panel, and other peripherals. They are used for various manufacturing applications, including welding, painting, pick and place, palletizing, cutting, assembly, and product testing, and inspection. They are often used to perform tasks that are repetitive, laborious, and dangerous.

The industrial robotics market in the US is growing significantly due to increasing automation in the manufacturing sector and advances in the robotic technology. The US market is primarily driven by the motor vehicle industry followed by the industrial machinery industry. Industries such as food and beverage, rubber and plastic, and pharmaceutical use industrial robots in their manufacturing operations to reduce labor cost and increase competitiveness.

The report covers the present scenario and the growth prospects of the industrial robotics market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of industrial robots.

According to the report, industrial robots are flexible, and can be easily programmed to adapt to new production lines without any training. The margin of error is less, and the functioning of these robots can be extended for a longer duration with minimal supervision. The robots produce defect-free products, and reduce product failure and wastage. They do not require additional expenditures on healthcare, insurance, and income. These robots require minimum heating and lighting, which reduces energy consumption considerably. The adoption of these robots allows companies to minimize direct and overhead costs.

Further, the report states that the deployment of robots requires high initial investment. Hence, restricts the market growth.

The market is divided into the following segments based on robot types

• Articulated
• Cartesian
• SCARA
• others

key players in the Industrial Robotics Market in the US: ABB, Adept Technology, FANUC, KUKA, Yaskawa, and Competition Financials.

Other Prominent Vendors in the market are: Epson Robotics, Kawasaki Heavy Industries, Mitsubishi Electric, Staubli Robotics, and Yamaha Robotics.

Industrial Robotics Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Market driver

• Reduction in company expenditure
• For a full, detailed list, view our report

Market challenge

• High initial investment
• For a full, detailed list, view our report

Market trend

• Growing demand for cobots
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 54 pages and 29 Exhibit “Industrial Robotics Market in the US 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Landscape, Market segmentation by application, Market segmentation by product, Market segmentation by end-user, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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