Tuesday 7 June 2016

Industrial Robotics Market in APAC to grow at a CAGR of 8.7% during the period 2016 - 2020; Finds New Report

Industrial Robotics Market in APAC 2016 - 2020

Report forecast the Industrial Robotics Market in APAC to grow at a CAGR of 8.7% during the period 2016-2020.

Industrial robots have become an alternative application to replace human workforce. Various counties in APAC have witnessed increased demand for industrial robots for mass production, efficiency, better quality, product standardization, and reduce wastage. These robots comprise 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 report covers the present scenario and the growth prospects of the Industrial Robotics Market in APAC for 2016-2020. To calculate the market size, we consider revenue generated from the sales and aftermarket services of industrial robots.

The market is divided into the following segments based on region:
  • China
  • Japan
  • South Korea
  • India

According to the report, key growth driver is the rise in factory automation. A large number of companies are investing in factory automation, which includes implementation of robotics technology. Japan and China have invested heavily to automate most of their factories with high-end industrial robots. Ageing population, shrinking workforce, and immigration control are some of the major factors driving factories to automate their production process. A large number of Chinese companies are looking for substitute for laborers; hence industrial robotics have become an area of opportunity for the vendors.

Further, the report states that one challenge that could hamper market growth is the high switching cost of using industrial robots.

Industrial Robotics Market in APAC 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.

key players in the Industrial Robotics Market in APAC: ABB, FANUC, Kawasaki Heavy Industries, KUKA, Yaskawa Electric, and SIASUN Robot & Automation.

Other Prominent Vendors in the market are: Adept Technologies, Epson Robotics, Honda, Mitsubishi Electric, Nachi-Fujikoshi, Staubli Robotics, and Yamaha Robotics.

Market driver
  • Rise in factory automation
  • For a full, detailed list, view our report

Market challenge
  • High switching cost
  • For a full, detailed list, view our report

Market trend
  • Growing IoT in robotics
  • 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 70 pages and 27 Exhibit Industrial Robotics Market in APAC 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Market segmentation by end-user, Regional segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://mrr.cm/JWE

Find all Robotics Reports at: http://www.marketresearchreports.com/robotics

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