2014-03-05 09:38:03 - Global Automotive Industrial Robotics Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Automotive Industrial Robotics market is to grow at a CAGR of 4.81 percent over the period 2012-2016. One of the key factors contributing to this market growth is increasing factory automation across the globe. The Global Automotive Industrial Robotics market has also been witnessing the increasing adoption of industrial flexible manufacturing systems. However, the high initial investment required for the installation of industrial robots could pose a challenge to the growth of this market.
The increasing adoption of industrial flexible manufacturing systems is one of the emerging trends in the Global Automotive Industrial Robotics market. The increasing adoption of industrial flexible manufacturing systems is expected to propel the growth of the Global Industrial Automotive Robotic market during the forecast
period. A flexible manufacturing system is a method for manufacturing products and components that is capable of handling the product specifications of the various products that are being manufactured. It also helps labor and robots handle varied levels of production. An industrial flexible manufacturing system combines the benefits of an industrial robot with those of a flexible manufacturing system, allowing vendors to manufacture a variety of products, resulting in reduced inventories and manufacturing time.
The increasing factory automation is one of the major drivers in the Global Automotive Industrial Robotics market. Factory automation provides several benefits such as reduced production time, which helps in reducing lead time and results in cost benefits. Hence, companies can deliver products to market at a much faster pace than was possible earlier. Industrial automation also gives a competitive edge to companies by reducing the production cycle time. These advantages encourage the adoption of industrial robotics, thus leading to the growth of the market.
The key vendors dominating this space are Fanuc Corp., ABB Ltd., KUKA AG, and Yaskawa Electric Corp. The other vendors mentioned in the report are Kawasaki Robotics Inc., Panasonic Welding Systems Co. Ltd., Rockwell Automation Inc., Adept Technology Inc., American Robot Corp., Denso Wave Inc., Evolution Robotics Inc., iRobot Corp., Nachi-Fujikoshi Corp., RoboGroup TEK Ltd., ST Robotics, and STAUBLI Corp.
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