Industrial Robotics Market Growth and Segments,2014-2020 FMI | Page 5

Report
Description
Report Description
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The global industrial robotics market is expected to grow at a moderate pace during the
forecast period. Key drivers of the global industrial robotics market include significant
growth in non-automotiveapplications for industrial robots, increase productivity in
industries with low manufacturing cost, reduction of duties and refurbished goods
followed by rising demand for automation with higher labour cost.
Key challenges for global industrial robotics market include stagnation of industrial
manufacturing process followed by higher manufacturing cost and uncertainty.Major
players in the global industrial robotics market include FANUC Corporation, Yaskawa
Electric Corporation, Kuka AG, Kawasaki Heavy Industries Ltd, Denso Wave Incorporated,
Mitsubishi Electric, ABB Ltd, Toshiba Machine, American Robot Corporationand Universal
Robots.Growth in the global industrial robotics market is estimated to grow significantly
as every industry in trying to be more and more efficient by automating their processes
robotically. The unique ability of robots to perform numerous steps without human
intervention and adapt to different conditions along with up gradation of technology is
showcasing a promising future for industrial robotics market.