All these types of robots offer unique features and advantages, and
are hence used majorly in a number of industry verticals namely,
electrical & electronics industry, automotive industry, machinery
industry, chemical, rubber & plastics industry, metals industry,
precision & optics industry and food & beverages industry
among other types of industries. These robots carry out a number of
functions namely, materials handling, soldering and welding,
assembling & disassembling, milling, cutting and processing, and
painting and dispensing among other types of functions, in all the
above mentioned industry verticals globally.
Industrial Robotics Market Description -
Articulated robots led the global market revenue share by types in
2013, followed by Cartesian robots. The other types of robots which
include SCARA robots and cylindrical robots among others are also
expected to witness significant growth owing to the increasing usage
of industrial robotics across varied industry verticals, over the
forecast period 2014 to 2020. The global industrial robotics market
was dominated by the automotive industry segment which accounted for
over one-fourth of the market revenue share in the year 2013.
However, this sector is experiencing reduced growth compared to
previous years due to slowdown in industrial production. Metals,
foods & beverages, and precision & optics were the most
attractive segments in the year 2013 and are analyzed to grow at the
fastest pace compared to other industry verticals.
The global industrial robotics market revenue share by functions was
dominated by the materials handling segment which accounted for over
one-third of the global share in the year 2013 and is also analyzed
to continue its dominance over the forecast period 2014 to 2020.
Rising demand among varied industry verticals such as packaging,
consumer electronics and electrical in the APAC and RoW regions are
expected to further propel the industrial robotics market in this
segment. In 2013, soldering and welding function was another major
segment which accounted for over one-fourth of the global industrial
robotics market owing to high end usage in machinery industry, where
precision and accuracy are key factors.
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Asia Pacific led the global industrial robotics market revenue share
in the year 2013, accounting for over half of the global market
revenue share. The region is analyzed to dominate the market over the
forecast period 2014 to 2020 owing to the immense research and
development infrastructure growth in countries such as Japan,
Australia, China and India. Moreover, the adoption of robotics in
small and medium enterprises (SME’s) is further expected to bolster
the industrial robotics market in the Asia Pacific region. North
America and Europe trailed Asia Pacific by accounting for over 20% of
the global market revenue share in the year 2013. In North America,
Mexico is expected to offer tremendous potential across varied
application sectors in the coming years.
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