Business Robot Market – Forecasts from 2017 to 2022
DESCRIPTION Business robot market is projected to witness the growth at a CAGR of XX.XX% during the forecast period to reach a total market size of US$XX.XX billion by 2022, increasing from US$XX.XX billion in 2017. Growing focus toward industry automation as well as high speed innovation drives the market growth. The diversity in labour market owing to changing demographics further contributes to the adoption of robots in businesses. For instance, the rapidly aging population in China is cumulating country’s labour cost. Other drivers include rapid industrialization, growing investment and continuous R&D. Favourable government initiates, especially in developing countries, and surge in demand from SMEs is expected to augment the market growth in years ahead. However, high implementation cost restraints players with limited capital to adopt this technology. Moreover, the lack of skilled labour further hampers the business robot market growth. By End-User By End-User, Industrial segment accounted for high market share in 2016 and is also expected to hold a notable position by the end of projected period. This growth is largely driven by high share of automotive sector. The increase in investments for product modernization by major car producing countries contributes to the growth of automotive segment for business robot market. Moreover, high competition in major car market further pushed for investments. The metal industry is expecting a high growth over the projected period owing to the growing adoption of robotics for applications like welding, painting, casting, cutting and others. Likewise, commercial segment is also expecting a high growth in years ahead owing to availability of untapped opportunities. By Geography Geographically, APAC dominates the market share in 2016 and is also expected to hold a notable position by the end of forecasted period. This growth is largely driving by large scale adoption of factory automation in China and Japan. The rising labour cost owing to aging population, especially in China, japan and South Korea, further drive the market growth. Other drivers include growing adoption of new technology, Business Robot Market – Forecasts from 2017 to 2022
rapid industrialization and high speed innovations. The government initiatives and supports also contribute to the regional market growth. For instance, in the last quarter of 2016, South Korea’s Ministry of Trade, Industry, and Energy promises to provide support to local robotics firms through several different ways. The strategies adopted by the Ministry are the development of smart factories and the use of more service robots in the public sectors in order to increase the South Korea robot demand Competitive Insight The impulsive marketing strategies and innovations owing to continuous R&D intensify the competition in the business robot market. However, the existing big players dominates the market share owing to the high initial investment and lack of skilled labour which restraints new players to enter in the market. The major players discussed in the report include ABB, Nachi Robotic Systems, Inc., Yaskawa America, Inc., Kawasaki Heavy Industries, Ltd., DENSO Robotics, Mitsubishi Electric Corporation, FANUC America Corporation, and KUKA. Industry integration is expected to increase in years ahead which will further enhance the dominance of existing players in the market. Segmentation Thirdly, Business robot market has been segmented by component, type, industry vehicles and geography. By Component o Software o Hardware Sensor Control System Actuator Others By Type o Articulated Business Robot Market – Forecasts from 2017 to 2022
o SCARA o Cartesian o Delta o Cylindrical o Others By End-User o Industrial Automotive Food and Beverage Electrical and Electronics Metal Chemicals Manufacturing Others o Commercial By Geography o North America United States Canada Mexico Others o South America Brazil Argentina Others o Europe United Kingdom Business Robot Market – Forecasts from 2017 to 2022
Germany France Italy Spain Others o MEA UAE Saudi Arabia South Africa Others o Asia Pacific Japan China India South Korea Taiwan Australia Others Key questions answered by the report What will be the Business robot market size from 2017 to 2022? How are the major drivers and restraints affecting the global Business robot market growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why? A comprehensive analysis of competitive landscape and key market participants’ behaviour Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth Business Robot Market – Forecasts from 2017 to 2022
TABLE OF CONTENTS 1. Introduction 1.1. Market Definition 1.2. Scope of the Study 1.3. Currency 1.4. Assumptions 1.5. Base, and Forecast Years Timeline 2. Research Methodology 2.1. Research Design 2.2. Secondary Sources 2.3. Validation 3. Key Findings Of The Study 4. Market Dynamics 4.1. Drivers 4.2. Restraints 4.3. Opportunities and Market Trends 4.4. Market Segmentation 4.5. Porter’s Five Forces Analysis 4.5.1. Bargaining Power of Suppliers 4.5.2. Bargaining Power of Buyers 4.5.3. Threat of New Entrants 4.5.4. Threat of Substitutes 4.5.5. Competitive Rivalry in the Industry 4.6. Technology 4.7. Industry Regulations 4.8. Industry Value Chain Analysis 5. Global Business robot Market Forecast By Components (US$ billion) 5.1. Introduction 5.2. Software 5.3. Hardware 5.3.1. Sensor 5.3.2. Control System Business Robot Market – Forecasts from 2017 to 2022
5.3.3. Actuator 5.3.4. Others 6. Global Business robot Market Forecast By Type (US$ billion) 6.1. Introduction 6.2. Articulated 6.3. SCARA 6.4. Cartesian 6.5. Delta 6.6. Cylindrical 6.7. Others 7. Global Business robot Market Forecast By End-User (US$ billion) 7.1. Introduction 7.2. Industrial 7.2.1. Automotive 7.2.2. Food and Beverage 7.2.3. Electrical and Electronics 7.2.4. Metal 7.2.5. Chemicals 7.2.6. Manufacturing 7.2.7. Others 7.3. commercial 8. Global Business robot Market Forecast By Geography (US$ billion) 8.1. North America 8.1.1. United States 8.1.2. Canada 8.1.3. Mexico 8.1.4. Others 8.2. South America 8.2.1. Brazil 8.2.2. Argentina 8.2.3. Others 8.3. Europe 8.3.1. United Kingdom Business Robot Market – Forecasts from 2017 to 2022
8.3.2. Germany 8.3.3. France 8.3.4. Italy 8.3.5. Spain 8.3.6. Others 8.4. MEA 8.4.1. UAE 8.4.2. Saudi Arabia 8.4.3. South Africa 8.4.4. Others 8.5. Asia Pacific 8.5.1. Japan 8.5.2. China 8.5.3. India 8.5.4. South Korea 8.5.5. Taiwan 8.5.6. Australia 8.5.7. Others 9. Competitive intelligence 9.1. Market Share Analysis 9.2. Strategies of Key Players 9.3. Recent Investments And Deals 10. Company profiles 10.1. ABB 10.1.1. Overview 10.1.2. Financials 10.1.3. Products and Services 10.1.4. Key Developments 10.2. Nachi Robotic Systems, Inc. 10.2.1. Overview 10.2.2. Financials 10.2.3. Products and Services 10.2.4. Key Developments Business Robot Market – Forecasts from 2017 to 2022
10.3. Yaskawa America, Inc. 10.3.1. Overview 10.3.2. Financials 10.3.3. Products and Services 10.3.4. Key Developments 10.4. Kawasaki Heavy Industries, Ltd 10.4.1. Overview 10.4.2. Financials 10.4.3. Products and Services 10.4.4. Key Developments 10.5. DENSO Robotics 10.5.1. Overview 10.5.2. Financials 10.5.3. Products and Services 10.5.4. Key Developments 10.6. Mitsubishi Electric Corporation 10.6.1. Overview 10.6.2. Financials 10.6.3. Products and Services 10.6.4. Key Developments 10.7. FANUC America Corporation 10.7.1. Overview 10.7.2. Financials 10.7.3. Products and Services 10.7.4. Key Developments 10.8. KUKA 10.8.1. Overview 10.8.2. Financials 10.8.3. Products and Services 10.8.4. Key Developments 10.9. List is not exhaustive*
Business Robot Market – Forecasts from 2017 to 2022
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Business Robot Market – Forecasts from 2017 to 2022