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Industrial Robotics Market Worth $32.8 Billion by 2017

The market of industrial robotics research report aims to capture the market roadmap with market sizes, revenue forecasts, value chain, competitive landscape, leading players and their key developments, strategies, and profiles

 

Dallas, TX -- (ReleaseWire) -- 01/28/2014 -- According to the market research report “Industrial Robotics Market - Global Forecast & Analysis by Applications, Functions, Product & Geography (2012 - 2017)”, the total industrial robotics market is expected to reach $32.8 billion by 2017 at a CAGR of 5.0% from 2012 to 2017.

Browse 115 tables and in-depth TOC on “Industrial Robotics Market - Global Forecast & Analysis by Applications, Functions, Product & Geography (2012 - 2017)”.

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The global market of industrial robotics is estimated to be worth $25.71 billion in 2012 and expected to reach $32.8 billion in 2017 at a CAGR of 5% from 2012 to 2017. In terms of unit shipments, it is estimated to ship 176,586 units in 2012 and 234,122 units in 2017, at a compound grow rate of 5.8% from 2012 to 2017. Growing non-automotive applications of industrial robotics, increasing use of industrial robots in emerging countries, and benefits like increased productivity and reduction in manufacturing costs are certain factors driving the market.

Industrial robotics started its journey with automotive applications; but off late, it has made its way into non-automotive industries’ manufacturing facilities as well. As the employers struggle to find skilled people to fill positions, robots can help to shift the human resources out of jobs that do not use their ability to the fullest. Industrial robots have proven to deliver a host of benefits in a wide variety of applications like welding & soldering, handling of materials and processing, assembling & disassembling, dispensing and painting, cutting, milling and other processing, and the other functions. The most articulated robots perform by storing a series of positions in memory, and moving to them at various times in their programming sequence. Vision guidance (aka machine vision) is bringing a lot of flexibility to robotic cells.

The misconception among employee unions of increasing unemployment with the installation of industrial robotics in manufacturing facility is due to lack of awareness, inaccurate cost justification given by management of companies, and constant additional training costs.

Outside of Japan, Western Europe and North America, the robotics industry is at fruitful ground for growth from 2012 onwards, led by growing economies like South Korea, China, India, and Brazil.

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