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Global industrial robotics market: 5.6% CAGR growth expected between 2012-16

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Global Industrial Robotics Market in the Heavy Machinery Industry 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-18 14:17:02
The Global Industrial Robotics market in the Heavy Machinery industry to grow at a CAGR of 5.67 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to optimize total cost of ownership. The Global Industrial Robotics market in the Heavy Machinery industry has also been witnessing the increasing demand for customized industrial robots. However, the continuous decline in vendor profit margin could pose a challenge to the growth of this market.

One of the main trends witnessed in the Global Industrial Robotics market is the increasing demand for customized industrial robots in the heavy machinery industry. Currently, companies across industries are becoming aware of different automation solutions that would help them enhance their productivity. Moreover, as the companies are expanding their business, their manufacturing processes are becoming more and more complicated, and hence companies require specific customized robotic solutions that are well-suited to their operations. Some market vendors have started to provide customized robotics to meet specific application requirements to enhance operational productivity. Hence, companies across the Heavy Machinery industry prefer customized robotic systems that have been designed to suit their specific needs.

One of the main factors driving the market is the need to optimize total cost of ownership. Though the deployment of industrial robots in the Heavy Machinery industry requires high initial investment, it provides a high return on investment in a short period of time.

One of the main challenges is the continuous decline in the profit margins of vendors. Vendors of industrial robots in the Heavy Machinery industry are witnessing a steady decline in their profit margins due to the increase in the prices of raw materials and the constant decline in the average selling price of industrial robots.

The key vendors dominating this space include ABB Ltd., Fanuc Corp., KUKA AG, and Toshiba Machine Co. Ltd.

The other vendors mentioned are Adept Technology Inc., American Robot Corp., iRobot Corp., Kawasaki Robotics Inc., Omron Corp., RoboGroup T.E.K. Ltd., Rockwell Automation Inc., ST Robotics, STAUBLI Corp., and Yamaha Robotics.

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