Global Industrial Robotics Market Is Expected to Grow at A Rate of 12.3% For The Forecast Period from 2020-2027

Global Industrial Robotics Market Is Expected to Grow at A Rate of 12.3% For The Forecast Period from 2020-2027

September 28, 2021, New York, USA - Industrial robotics is a mechanism that is used for the manufacturing process. The system is completely automated, programmable, and is capable of using a movement of 3 to 4 axes. The field of industrial robotics has wide applications such as welding, painting, packaging, and labeling, and product inspection. All the above programs are achievable with extremely high endurance, speed, and a lot of technical precision.

It is essentially an automatically controlled, reprogrammable, and multipurpose program which can be used for a very high level of automation.

The advantages of using industrial robots are-

They are useful for increasing the efficiency of work.  They are used to automate the processes and also for achieving a high level of perfection.

A higher quality of work-

It involves a high quality of work and product high level of products and reduces the time needed for quality control.

Responsible for improving the working environment-

Industrial robots are often used for people who work in the most tedious work environments which adhere to the strictest quality standards and reduce the time needed for quality control.

Increased sales and profitability-

Automated robotics will lead to increased sales and profitability and the efficiency of the production process. It will lead to the higher quality of products and increase the profitability levels of the organizations.

Reduce the longer working hours-

Automation also leads to longer working hours and increases the amount of productivity. Research has also shown that the overall productivity increases by 40% if it is replaced by industrial robotics and will contribute significantly to the company's output.

It also leads to an increase in workplace safety-

Robots are able to work in an environment which can be considered hazardous for humans and associated with dangerous working environments. At such times, robots are one of the perfect ways to be used in place of humans as will lead to less amount of time and reduce several occupational working hazards.

A detailed overview of the Industrial Robotics Market-

We take a look at the detailed over view of the industrial robotics market and the geographical distribution-

The Global Industrial Robotics Market is expected to grow at a rate of `12.3% for the forecast period from 2020-2027. It is estimated to reach 75.3 billion by the year-end of 2026. The top countries in the Asia-Pacific which are at the forefront are India, China, the Philippines, Japan, Indonesia, and Singapore.

It is also to be noted that governments across the Asia Pacific region are expected to increase their adoption of robots for industrial goods and manufacturing. Further, there have been several initiatives which have been undertaken by the governments to implement the industrial robotics domain.

In the domain of Professional robotics, it is to be estimated that around 90% of the sampled logistics are to be industrially automated and they will be created in Europe and America and the remaining the 10% will be in Asia.

Another reason is that as this region faces the problem of an aging population this will further give rise to industrial robotics and pave the way for a booming market.

Industrial Statistics suggest that-

There is going to be a large amount of investment which is going to be recorded due to a large amount of demand in the market. There is going to be an increase in the investment in the car and other production and also for the food and other purchases.

It is also used to reduce the capital spent on labor and the adoption of Industrial Robotics is also being used in the Industrial Warehouses. The operational stock in the industrial warehouses is expected to reach the highest in the forecast year of 2020-2026 and also at the same time create an opportunity for a skilled workforce.

The Competitive Landscape of the Industrial Robotics market-

The Global Robotics market is moderately competitive and the considerable amount of regional players is moderately fragmented at the same time. The market vendors in this domain are focused on managing the customer base across the regions and to the foreign shores.

In July 2021, a new merger took place between ABB and ATSI ROBOTICS arm for developing the next generation of automobile mobile robots. This acquisition has allowed for unique management of the portfolio of the automation robots which will develop new business strategies.

In the year of April 2021, Panasonic Corporation had introduced a new concept called the mass production model of its Walk Training robot. This kind of design is used to create safe and effective walk training for adults and it also offers assistance to care for the hospitals and other organizations.

Some of the recent developments have been that in the year of Jan 2021, it has announced that the i4 series SCARA robot automates very high series robotics and also looks after the transportation of the industrial automation.

The Market Restraints for the Industrial Robotic Automation-

The extremely high costs of deployment for the services especially for the SME’s are one of the largest market restraints for the Industrial Automation sector. This is because SME are normally engaged in low volume production and the overhead costs can sometimes be a reason for the high Return on investments. This can cause the overhead costs to rise and create a roadblock for small-scale companies.

Sometimes it can also give rise to overhead costs and at times companies may not have the necessary space and infrastructure to accommodate the various essentials of the services.

Challenges faced by the Industrial Robotics market-

Integration is an important function in any manufacturing unit and a good modular framework should exist in the market for the proper functioning of both hardware and software. Companies need to reprogram their robots for the use of the right amount of industrial automation and create effective vision systems and end effectors.

Articulated robots are expected to hold the largest share both value and volume-wise in the market and are expected to rise as compared to other segments.

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