Industrial Robotics Market to Reach US$44.48 Billion by 2020 Owing to Rising Popularity of Industrial Automation

A recently released report from Transparency Market Research (TMR) forecasts that the global industrial robotics market will grow at a CAGR of 6.2% between 2014 and 2020. TMR, a market intelligence firm based in the U.S., states that the global industrial robotics market will reach a market value of US$44.48 billion by 2020, growing from US$28.93 million in 2013. The report, titled ‘Industrial Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 is available for sale on the website.

According to this market research report, factors such as the widespread adoption of robotics in small and medium enterprises and rising labor costs drive the global industrial robotics market. High investment in research and development activities and reduction of duties, especially in the regions of Asia Pacific and Rest of the World, are other main factors that will propel the overall industrial robotics market. Greater use of robotics in manufacturing and strategic business expansion initiatives will create several growth opportunities in the global industrial robotics market in the forecast period.

The TMR report segments the global industrial robotics market on the basis of type, industry, function, and geography. According to type, this market is classified into cylindrical, Selective Compliant Assembly Robot Arm (SCARA), Cartesian, and articulated robots. On the basis of industry, the global industrial robotics market is segmented into precision and optics, food and beverages, metals, machinery, rubber, chemicals and plastics, electrical and electronics, and automotive. Precision and optics, metals, and food and beverages are the three industrial segments that will lead overall demand for industrial robots in the forthcoming years. Based on function, the report segments the global industrial robotics market into milling, cutting and processing, painting and dispensing, assembling and disassembling, materials handling, soldering and welding, and others. In 2013, the materials handling segment held the largest share in the global market.

From the regional perspective, the report categorizes the global industrial robotics market into Asia Pacific, Europe, North America, and Rest of the World. In terms of revenue, the global industrial robotics market was led by Asia Pacific in 2013. The growth of the Asia Pacific industrial robotics market can be attributed to intensive research and development activities in economies such as India, China, Australia, and Japan. It is anticipated that much of the demand for industrial robotics in Asia Pacific will come from small and medium enterprises that will take to robotic applications on a massive scale in the years to come. In North America, Mexico is expected to be a promising market for industrial robotics.

Browse the full Industrial Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at

Stagnating industrial manufacturing and postponement of investment owing to high costs of capital will have an adverse impact on the performance of the global industrial robotics market in the forthcoming years. The prominent companies in the global industrial robotics market are Yaskawa Motoman Robotics, Universal Robots, Panasonic Corporation, Nachi Robotic Systems Inc., KUKA Robotics Corporation, FANUC Ltd., and Denso Corporation.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Featured Product

Universal Robots - Collaborative Robot Solutions

Universal Robots - Collaborative Robot Solutions

Universal Robots is a result of many years of intensive research in robotics. The product portfolio includes the UR5 and UR10 models that handle payloads of up to 11.3 lbs. and 22.6 lbs. respectively. The six-axis robot arms weigh as little as 40 lbs. with reach capabilities of up to 51 inches. Repeatability of +/- .004" allows quick precision handling of even microscopically small parts. After initial risk assessment, the collaborative Universal Robots can operate alongside human operators without cumbersome and expensive safety guarding. This makes it simple and easy to move the light-weight robot around the production, addressing the needs of agile manufacturing even within small- and medium sized companies regarding automation as costly and complex. If the robots come into contact with an employee, the built-in force control limits the forces at contact, adhering to the current safety requirements on force and torque limitations. Intuitively programmed by non-technical users, the robot arms go from box to operation in less than an hour, and typically pay for themselves within 195 days. Since the first UR robot entered the market in 2009, the company has seen substantial growth with the robotic arms now being sold in more than 50 countries worldwide.