The segmentation of the industrial robotics market by product indicates that collaborative robots are expected to have the highest growth rate over the forecast timeframe. These have a large work envelope and high usage as they allow employees to work alongside and are priced significantly lower as compared to its counterparts. Additionally, the adoption of the collaborative industrial robotics market decreases human idle time by 85% and substantially boosts the efficiency of the overall manufacturing process.
The high adoption of automation technology is projected to aid in the growth of the industrial robotics market. The usage of these technologies can aid in the reduction of the development time and the exorbitant variable costs such as labor and electricity prices. In regions including Western Europe and North America, the labor costs are very high, over USD 38 hourly wage in Germany.
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Amidst the dynamically charged intense share battle, Europe currently witnesses a percentage of authority over the regional landscape. Statistics claim 65% of total number of countries deploying more than average number of industrial robots per 10,000 employees belongs to the European Union. The major factor that has augmented Europe industrial robotics market is the region’s persistent investment in robotics projects over the past few years. In the year 2016, the European Union made it to the front page with its co-funding on 17 new robotics projects under Horizon 2020 Framework in a bid to proliferate research and innovation.
The potential for cyber-physical system to improve operational efficiency in manufacturing processes is humongous. Industrial robotics market proceeds, which has indeed been appreciable in recent years can be majorly credited to this fundamental aspect. It is further imperative to mention that as automation technologies such as robotics, machine learning occupy an increasingly demanding role in industries, their impact on the workplace in terms of safety security, asset tracking, and supply chain has become a point of focus for the research fraternity.
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Competitive advantage and reduced per-hour cost as compared to human results will augment the North America industrial robotics market growth. Major players are developing affordable, and compact energy-efficient solutions to access a wider customer base. The rise of outsourced manufacturing activities and the increase in SMEs in the Asia Pacific region are contributing to the high industry demand of the in the region.
Some Point from Table of Contents:
Chapter 5 Industrial Robotics Market, By End-use
5.1 Industrial robotics market share by end-use, 2016 & 2024
5.2.1 Market estimates and forecasts, by region,2013 – 2024
5.3 Metals & machinery
5.3.1 Market estimates and forecasts, by region,2013 – 2024
5.4 Rubber & Plastics
5.4.1 Market estimates and forecasts, by region,2013 – 2024
5.5 Food & beverage
5.5.1 Market estimates and forecasts, by region, 2013 – 2024
5.6 Electrical & electronics
5.6.1 Market estimates and forecasts, by region,2013 – 2024
5.7.1 Market estimates and forecasts, by region, 2013 – 2024
Chapter 6 Industrial Robotics Market, By Region
6.1 Industrial robotics market share by region, 2016 & 2024
6.2 North America
6.2.1 Market estimates and forecasts, 2013 – 2024
6.2.2 Market estimates and forecasts, by product, 2013 – 2024
6.2.3 Market estimates and forecasts, by end-use, 2013 – 2024
188.8.131.52 Market estimates and forecasts, 2013 – 2024
184.108.40.206 Market estimates and forecasts, by product, 2013 – 2024
220.127.116.11 Market estimates and forecasts, by end-use, 2013 – 2024
18.104.22.168 Market estimates and forecasts, 2013 – 2024
22.214.171.124 Market estimates and forecasts, by product, 2013 – 2024
126.96.36.199 Market estimates and forecasts, by end-use, 2013 – 2024
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