Industry Background:
Assembly robots are used for lean industrial procedures and have prolonged production capabilities in the manufacturing world. An assembly line robot can intensely increase production speed and regularity. Assembly robots also save workers from tedious and dull assembly line jobs. These robots are intended to move materials, tools, parts, or specialized equipment through variable programmed motions for the performance of a range of tasks, which also obtain information from the environment and move intelligently in response.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Mitsubishi Electric Corporation (Japan), DENSO Corporation (Japan), Yaskawa Motoman Robotics (United States), ABB (Switzerland), Universal Robots (Denmark), Omron Adept Technologies, Inc. (United States), KUKA Robotics (Germany), FANUC Corporation (Japan), Seiko Epson Corporation (Japan) and Panasonic Corporation (Japan) |
This growth is primarily driven by High Requirement for Automation in Industries and High Labor Cost and Shortage of Skilled Human Workforce.
Globally, a noticeable market trend is evident Growing Investments in R&D Activities
Major Manufacturers, such as Mitsubishi Electric Corporation (Japan), DENSO Corporation (Japan), Yaskawa Motoman Robotics (United States), ABB (Switzerland), Universal Robots (Denmark), Omron Adept Technologies, Inc. (United States), KUKA Robotics (Germany), FANUC Corporation (Japan), Seiko Epson Corporation (Japan) and Panasonic Corporation (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2019, Mitsubishi Electric Corporation acquired the remaining shares in Iconics, Inc., an American software company focused on SCADA, IoT, mobile, analytics, and cloud software products for the manufacturing, industrial, and building automation markets. The acquisition makes the company a wholly owned subsidiary within the Mitsubishi Electric Group.
April 2019 - Featuring power and force limiting technology, Yaskawa Motoman’s HC10 and HC10DT robots work safely with, or in close proximity to humans by stopping the robot in the event of contact with an operator.
Influencing Trend:
Growing Investments in R&D Activities and Availability of Reasonable and Energy-Efficient Robots
Market Growth Drivers:
High Requirement for Automation in Industries and High Labor Cost and Shortage of Skilled Human Workforce
Challenges:
Concerns Regarding Handling Unexpected Situations
Restraints:
High Initial Investment and Installation Costs of Assembly Robots
Opportunities:
High Potential Growth in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Assembly Robots Market
- Analysis about New Entrants in Assembly Robots Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Assembly Robots Study Sheds Light on
The Assembly Robots Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Assembly Robots industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Assembly Robots industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.