Foundry and Forging Robots Market Share, Size, Analysis and Forecast

Market Reports Center One Stop Market Reaserch Shop Foundry and Forging Robots Market Share, Size, Emerging Trends and Growth, Analysis, Overview and Forecasts 2016-2020

Technavio Announces the Publication of its Research Report – Global Foundry and Forging Robots Market 2016-2020 Technavio recognizes the following companies as the key players in the global foundry and forging robots market: ABB, FANUC, KUKA, OMRON Adept Technologies, and Yaskawa Electric.

Other Prominent Vendors in the market are: Alfa Robot, Arburg, Engel, Epson Robotics, Hans Hundegger, Harmo, iRobot, Kawasaki Heavy Industries, Nachi-Fujikoshi, Sepro Robotique, Staubli Robotics, TecnoMatic Robots, Wittman, and Yamaha Robotics.

Commenting on the report, an analyst from Technavio’ s team said: “Demand for multipurpose robotic systems will be a key trend for the growth of global industrial robots market. The requirement and demand of multipurpose robots can improve the future of the global industrial robots market. At present, end-users are seeking efficient devices that can execute numerous variable functions. A multipurpose robot in an industrial setting should be capable of welding, machine tending, assembling, packaging, dispensing, material handling, and material removing, which are essential for the company.

End-users are also widely adopting inspection robots that can perform error-proofing and regulate assembly process. The deployment of multipurpose robots improves production, reduces overall expenditure, and ensures efficiency.”

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Market Reports Center One Stop Market Reaserch Shop According to the report, one of the key drivers for market growth will be launching EU initiatives.

Horizon 2020, launched in December 2013, is the largest EU research and innovation program, which is worth $88.68 billion. The investment is made by European leaders and the members of the European Parliament for seven years (2014-2020). Robotics has been acknowledged as the key resources that can secure an edge over the global market.

Further, the report states that high competition from metal 3D printers has perpetuated its use and hence it will be a challenge for the market. Metal 3D printer is a new technology that is gaining foothold in metal and automotive industries, which is mainly used for prototyping and tooling. The demand for metals has perpetuated growth in the foundry and forging applications. However, manufacturers such as Ricoh are heavily investing in 3D printing technology, which could eventually cause stiff competition to the foundry and forging applications. Technologies used for 3D metal printing include laser and metal powder bed fusion, which are used for metals and alloys such as aluminum, copper, steel, brass, bronze, gold, titanium, gold, and sterling silver to name a few.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/349438 About Foundry Robots Foundry robots are revolutionizing foundry operations due to their ability to enhance productivity with high speed and efficiency with minimal wastage. Metal casting, automobile, and semiconductor foundries are the three main industries in which foundry robots play a major role in operations. The metal cast foundry contributes the largest market share. Metal casts of ferrous and nonferrous metals are an indispensable part of almost all major industries like power, automotive, and construction to name a few.

Technavio’ s analysts forecast the global foundry and forging robots market to grow at a CAGR of 7.01% during the period 2016-2020.

Covered in this report The report covers the present scenario and the growth prospects of the global foundry and forging robots market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

The market is divided into the following segments based on geography: • Americas • APAC • EMEA

Market Reports Center One Stop Market Reaserch Shop Technavio's report, Global Foundry and Forging Robots Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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