This market research report includes a detailed segmentation of the global industrial robotics market in the rubber and plastic industry by product (cartesian, articulated, SCARA, cylindrical, and delta) and by application (material handling, assembling and disassembling, dispensing and painting, cutting and milling, and others). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are ABB, Fanuc, KUKA, Mitsubishi, and Kawasaki.
Technavio’s market research analysts estimate the global industrial robotics market in the rubber and plastic industry to grow at a CAGR of over 18% between 2016 and 2020. The increasing demand for rubber and plastic has triggered a need for automation in the processes for improved efficiency and cost effectiveness. The expansion in robotics technologies such as 3D vision, software, sensors, and evolution of artificial intelligence has also contributed to the implementation of industrial robotics in the rubber and plastic industry. APAC dominated the global industrial and robotics market in the rubber and plastic industry in 2015, accounting for almost 46% of the overall market share. The need for modernizing and upgrading the existing manufacturing facilities due to the increasing demand from the expanding middle classes and spreading urbanization is the primary driver for the market in this region.
The new market research report from Technavio presents a detailed breakdown and analysis of the industrial robotics segment based on application.
“The advancements in technology such as 3D vision and evolution of artificial intelligence has immensely influenced the introduction of industrial robots in the rubber and plastic industry. We are witnessing an expansion of robots in this industry due to improvements in gripper technology, such as the development of Versaball by Empire Robotics for handling materials of any shape and size. Better sensors in industrial robots have also enabled the use of robots in upstream activities in the food and beverages industry,” Amit Sharma, Lead Analyst, ICT, Technavio Research.
The material handling application accounts for over 43% of the overall market share of the industrial robotics market in the rubber and plastic industry and is expected to grow further during the forecast period. The requirement for high payload-capable machines engineered with speed and accuracy features is the primary driver for the implementation of industrial robotics in the material handling application. Furthermore, the globalization of commerce and the associated supply chain fragmentation of rubber and plastic industries are encouraging the use of industrial robots in material handling applications.
The key vendors in the global industrial robotics market in the rubber and plastic industry are ABB, Fanuc, KUKA, Mitsubishi, and Kawasaki. The industrial robotics market in the rubber and plastic industry consists of large and medium size suppliers, which make the market highly competitive. Industrial robotics in the rubber and plastic industry require large and specialized investments. This deters small vendors from competing with the large vendors of the market. New vendors will still try to enter the market with minimal support from the venture capitalist and focus on a particular application rather than diversify their product portfolio.
A more detailed analysis is available on the Technavio report, Global Industrial Robotics Market in the Rubber and Plastic Industry 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global SCARA Robots Market in the Food & Beverage Industry 2016-2020
- Global Industrial Robotics Market in the Automotive Industry 2016-2020
- Global Industrial Robotics Market in Heavy Industries 2016-2020
- Global SCARA Robots Market – Market Research 2015-2019
- Industrial Robotics Market in North America 2015-2019
- Global Cartesian Robots Market 2015-2019
- Global Articulated Robots Market 2015-2019
