The reprogrammable nature of industrial robots permits for modification in their functions or motions without any physical changes. At the times of the economic recession several production companies witnessed no growth in the market. Along with this the uncertainty and rising cost or increasing cost had hampered the industrial robotics market. On the other hand, the usage of industrial robots delivers the manufacturing field easiness in doing difficult recurring everyday jobs in large volume manufacture lines.
The development of the worldwide industrial robotics market is driven by the increasing demand for automation in industrial applications owing to the increment in cost of labor and requirement for efficient and fast production process. Increased usage of robotics for modernization of automobile sector in developing countries, the decreased manufacturing cost and increment in productivity owing to the utilization of robotics are few of the major factors driving the market’s development over the upcoming six years. However, the misunderstanding amongst unions regarding industrial robots, the inaccurate cost of maintenance and justification are some of few factors that hamper the development of the market.
System engineering and high installation cost also hold back organizations from implementing industrial robotics for performing their production processes. Product implementation for improving the productivity of medium and small enterprises could give a important growth opportunity for the market. Improving existing products could stimulate industrial robotics market growth.
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The automobile sector dominates the robotics market. Job efficiency, cost effectiveness and safety, are the well-known reasons for the usage of industrial robots in the automotive sector. The rubber, chemical, food and plastic industry, also increased quantity of their requirement for industrial robots. However, electronics/electrical industry and heavy machinery has shown minor decrease in their need for industrial robots. However, electronic industries have great potential for employment of industrial robots to retool their manufacturing processes to provide to the increasing demand of the people.
The Japan, Korea, U.S, China, Germany are dominating market according to regions on the basis of sales. Japan is the biggest robot market in world followed by China as per information of International Federation of Robotics. Korea and Japan have higher robot density rates than any other country in world owing to robot installations in the electronics sector. Investments in automotive sector have been increasing in Australia. Asia Pacific is anticipated to account for the major market share on a international level.
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In the Americas, transformation of industries and increasing in manufacturing capabilities particularly of the automotive industry in Brazil and North America has lead to a considerable speeding up of robot installations. Within the Europe, Germany is the biggest industrial robotics market. This may be attributed to the growing automation of the automotive industries in Germany.
Major players in the worldwide industrial robotics market are Adept Technology Inc, ABB Ltd, EPSON Electronics Company, DENSO Corporation, Güdel AG, Fanuc Robotics Company, Kawasaki Robotics, Stäubli International AG, Mitsubishi Electric Corporation, Kuka AG, Panasonic Welding Solutions Ltd., Toshiba Machine Co, Yaskawa Electric Corporation and Yamaha Motor Company. Huge investments requirement to enter in market holds back new players. However, recognized organizations are increasing their products range to comprise the production of robotic systems. product differentiation, new product development and customization, are few main key initiatives taken up by the major players of the market. Companies offer variety of robots such as cylindrical, cartesian, (SCARA) selectively complaint arm for robotic assembly, as per the requirement of applications.
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