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Global Industrial Robotics Market to Reach 143 Thousand Units by 2015, According to New Report by Global Industry Analysts, Inc.Jan 10, 2011 (PRWeb.com via COMTEX) -- Global industrial robotics market hit a speed breaker during the period 2008 and 2009, as reduced manufacturing activities and declines in industrial production temporarily derailed the immediate need and requirement for new industrial robotic products and equipment. Low levels of economic activity has exerted a disproportionate impact on industrial production as a result of reduced manufacturing/engineering activities, which resulted in softening demand for industrial robots One of the causalities of the recession has been the capital goods sector, which received the hardest blow from the financial hardships inflicted by the downturn. And given the widespread diffusion of industrial robots, especially assembly line robots, robot investments in large companies are already a part of the capital structure thus bringing industrial robots directly under the yoke of recession induced capital rationalization process. Given the high-strung sensitivity of robotics industry to the health of automotive, consumer goods, semi-conductor & electronics and rubber & plastic industries, the recent decline in new purchase orders for robot installations comes as no surprise. With most key end-use sectors collapsing like a pack of cards, the industrial robotics market witnessed broad based declines in sales, over the last two years. The beleaguered automotive industry, one of the largest end-user sectors, especially played an instrumental role in dragging down growth of industrial robotics. Massive declines in new vehicle sales, continuous trimming of auto plant production capacities, plant closures, capacity idling, and reduction in automobile output, resulted in reducing the number of robotic machinery orders from the automotive industry. However, this deterioration in growth has been largely temporary and the recession has not endangered the economic fundamentals of industrial robotics, which continues to remain firmly rooted in advantages of manufacturing, production and labor cost efficiency. The fact is mirrored by the market's sharp recovery staged in the year 2010. Key reasons fingered for the quick resurgence in spending on robotic automation is the accumulation of postponed and deferred orders, and re-investment of manufacturers in plant renovation, and modernization, and capacity expansions. Additionally, also emerging clear over the post recession horizon is the new age of thrift, wherein the prolonged financial hardships continue to chisel the emergence of post recession cost wary end-users keen on exercising renewed focus on long-term cost savings, and benefits. This trend therefore has and will continue to witness manufacturers reevaluate investment priorities on technologies/products that help improve efficiency and reduce costs, thus benefiting the market for industrial robotics. Revival in automotive sector, which is a major end-use market for industrial robotics, bodes well for the future of the market, as a resurgence in consumer demand for new cars, will surely encourage automotive manufacturers to adopt robots for helping them bring out more number of new car models in less time, and also be competitive in the market by ensuring sustainable production processes and sustainable products. Advantages of automation, which hitherto was focused on and reaped by the automobile industry, will now witness other industrial sectors, such as, plastics & rubber and food and beverage handling and processing, wax in popularity as lucrative end-users of robotics on par with the automotive industry. Emerging areas such as high-volume toy manufacturing, medical and healthcare industries will create substantial demand for industrial robots over the next few years. Additionally, new product developments, for instance the new-age industrial robots, which act as independent systems, capable of utilizing their artificial reasoning skills in performing a range of tasks independently, will drive increased adoption of industrial robots in the post recession era. Technological advancements in the field of machine vision, and distribution motion control also augur well for the future of this market. Demographic trends, such as aging population and declining birth rates in several western countries and Japan, which point towards a situation, where less number of people will enter the workforce as more number of people retire with time, also project extensive use of industrial robots in these nations in order to meet the demand-supply gap. As stated by the new market research report on industrial robotics, Europe continues to remain the largest regional market worldwide. Asia-Pacific is the fastest growing regional market, with volume sales of industrial robots in the region waxing at a CAGR of about 9.6% over the analysis period. Growth in this market will be essentially driven by countries such as South Korea, and China, which host some of the leading electronics manufacturers in the world, thus generating substantial demand for robots capable of handling production of a range of electronic products. Increase in outsourced manufacturing activity in low-cost destinations such as China and India, is also creating the demand for industrial robotics in the region. By End-Use, Assembly Line represents the largest application market for industrial robotics worldwide. Welding, however remains a key contributor towards volume sales for industrial robots in North America and Europe. Major players in the marketplace include ABB Limited, Adept Technology, Inc., American Robot Corporation, Denso Wave Incorporated, Evolution Robotics, Inc., FANUC Corporation, iRobot Corporation, Kawasaki Robotics (USA) Inc, KUKA Roboter GmbH, Panasonic Welding Systems Co., Ltd., Nachi-Fujikoshi Corporation, RoboGroup TEK Ltd., Rockwell Automation Inc, ST Robotics, STAUBLI Corporation, YASKAWA Electric Corporation, among others. The research report titled "Industrial Robotics: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in volume sales for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, & Rest of Europe), Asia-Pacific, and Rest of World. End-Use segments analyzed include Assembly Line, Material Application, Material Handling (Palletizing/Packaging & Parts Transfer), Measuring/Inspecting/Testing and Welding. For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Industrial_Robotics_Market_Report.asp About Global Industry Analysts, Inc. Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide. Global Industry Analysts, Inc. Telephone: 408-528-9966 Fax: 408-528-9977 Email: press(at)StrategyR(dot)com Web Site: http://www.StrategyR.com/ # # # Read the full story at http://www.prweb.com/releases/2011/1/prweb8049542.htm PRWeb.com |