Robotics Market Intelligence

Robotics Market Description

The global market for industrial robotics is expected to grow at a CAGR of 14 percent, to reach approximately $68 billion by 2020. There is an increase in demand for industrial robots in recent years due to companies striving to improve their manufacturing productivity with quality, cost savings, and by increasing manufacturing using automation. Recent trends in robotics have led to the introduction of innovative technical improvements with robots such as possessing human traits like intelligence, object recognition, flexibility and learning ability which are fast, are being adopted by the manufacturing companies.

The report covers the regional market overview of the robotics market in the regions of North America, LATAM, Europe, APAC and Africa. It also provides a list of major industrial robots, their adoption rates across various industries and major technological breakthroughs in the robotics industry. The report also includes a detailed suppliers analysis, providing the supplier profile of some of the key global robotics suppliers such as Fanuc, Yasakawa Motoman, Nachi Robotics, Kawasaki and ABB. It also identifies the procurement best practices and cost & pricing analysis of the global robotics market.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Regional Market Outlook-Latin America, Europe, APAC, Africa
Major Technical Breakthroughs in the Robotics Industry
Key Global Supplier Profiles
Cash Flow Analysis

Robotics Market Trend, Analysis & Forecast

Category Intelligence on Robotics covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Robotics Executive Summary

1.1 Glossary
1.2 Research Methodology
1.3 Executive Summary

2. Robotics Market Analysis

2.1 Global Market Overview
2.2 Regional Market Outlook
2.3 Global Drivers and Constraints
2.4 Major Types of Industrial Robots
2.5 Adoption Rates Across Various Industries
2.6 Major Technical Breakthroughs in The Robotics Industry
2.7 Industrial Robotics in Automotive Industry

3. Robotics Supply Analysis

3.1 Key Global Supplier Profile

4. Robotics Procurement Best Practices

4.1 Robotization across Various Sectors
4.2 Internet of Robotic Things (IoRT)
4.3 Collaborative Robots (COBOTS)
4.4 Case Studies

5. Robotics Cost and Pricing Analysis

5.1 Cost Break-up
5.2 Operating Costs: Human Labor versus Robotic System
5.3 Cash Flow Analysis

Global Market Outlook on Robotics

The global market for industrial robotics was valued at $35 billion in 2015 and is expected to grow at a CAGR of 14 percent, to reach about $68 billion by 2020
Increased momentum in the global industrial robotics market has been visible since 2015, with major markets characterized by high level of automation
In 2015, around 254,000 units of industrial robots were sold, which is the largest number ever recorded per year
China, South Korea, Japan, US and Germany are the five major markets and they contribute to about 75 percent of the global sales volume

robotics-market-size

Industrial Robotics-Market Overview

There is an increase in demand for industrial robots in the recent years as companies are striving to improve the productivity of their complex production lines along with cost savings, improving quality and increasing manufacturing flexibility by means of automation
Recent trends in robotics has led to introduction of innovative technical improvements with robots possessing human traits such as intelligence, object recognition, flexibility and learning ability which are fast adopted by manufacturing companies
In 2015, 2.50 Lakh units of industrial robots were sold and the market is set to grow at a CAGR of 14 percent to reach 4.30 Lakh units by 2019
China leads the position as the biggest market with a share of 27 percent followed by markets of Korea and Japan

Industrial Robotics End-user Market(2015)

Automotive industry has witnessed increased investments in automation and continues to be a major end user of industrial robots industry. In 2015, about 97500 units of robots were sold with an increased sales of 4 percent from 2014.
Due to modernization and recent investments in new production lines by major automotive markets, there has been a rise in robot installations and robot sales in automotive industry increased at CAGR of 20 percent between 2010 to 2015.
As manufacturers are trying to use new materials and develop energy efficient drive systems combined with high competition across major car markets, the automotive industry is poised for investments and is set to drive the growth of robotics in the near future
In 2015, Robot sales to the electronics industry rose by about 41 percent from 2014 to gain a market share of about 25 percent.
Increasing demand for electronic products and increasing automation of production lines contributed to the sale of about 64600 robot units in electronics industry

Global Drivers and Constraints

Drivers

Demand from the Manufacturing Sector:

The perpetual need to modernize manufacturing facilities to tackle the increasing labor costs, an aging workforce and increasing focus on productivity and quality will drive the demand for robots in the manufacturing sector
Further, the industry’s shift toward automation, to aid in mass customization and shorter product life cycles, is set to drive the growth for the robotics market globally

Internet of Robotic Things (IoRT):

Recent technological advancements in robotics and AI have led to the introduction of IoRT, which makes use of devices to fuse sensor data from multiple sources and use intelligence to determine the course of action. As Industry 4.0 is expected to play a pivotal role in global manufacturing, IoRT will help in more efficient and easier methods for robotic manipulation and grasping in manufacturing functionalities leading to increased use of robotics

Collaborative Robots:

Collaborative robots are light, cost effective and adaptive, work along with human workers and assisting them with a variety of tasks without the need for safety barriers; this is set to drive the robotic market in the coming years as most manufacturers are eager to adopt this technology as it is projected to have a quick return on investment of over five month

Constraints

Stagnation of Industrial Manufacturing:

The global slowdown in investments and stagnating manufacturing activity has led to stagnation of industrial production which will lead to lesser investments in automation and hamper the growth of robotics

High Cost of Robotics:

High initial costs involved in the set up of robots’ hampers the growth of the market as it takes a longer period to recover the ROI

Availability of Low Cost Labor across Developing Economies:

The availability of low cost labor across developing countries has hindered the growth of the robotics market

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