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Automotive Industry Significantly Driving Growth in the Industrial Robotics Market
January 20, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Industrial Robotics Market Analysis: By Type; By Industry (Food and Beverages,Automotive,Electronics,Others) - Forecast (2015 - 2020)"report to their offering.
Increasing investments in the automotive industry is significantly driving growth in the industrial robotics market, with the investments growing 22% on average per year. Apart from that, the metal and machinery industry is also contributing to the industrial robotics consumption.
The global industrial automation market is a key end user of the industrial robotics. Industrial and specifically factory automation is the use of different control systems, software and other technologies for automation of the factory.
The day to day technological advancements are helping the manufacturing process and other such tasks perform a lot faster and cost effective. The use of these technologies increases productivity, quality, almost negates wastage, faster interaction with different departments within the company and other such perks.
The challenges for industrial automation are reduced security and high installation and maintenance costs. The biggest market for this industry exists in china which is the primary hub of global manufacturing industry.
The Japanese and Chinese markets are the major countries in terms of sales, owing to the increasing robot installations and have the highest number of robots in operation. Besides these, Germany, South Korea, Unites States also showcased good demand in 2014. Increasing robot manufacturing in China is estimated to boost the market value in the overall APAC market till 2021.
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