TechNavio recognizes the following companies as the key players in the Global Industrial Robotics Market in the Heavy Machinery Industry: ABB Ltd., Fanuc Corp., KUKA AG, and Toshiba Machine Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Global Industrial Robotics market is the increasing demand for customized industrial robots in the heavy machinery industry. Currently, companies across industries are becoming aware of different automation solutions that would help them enhance their productivity. Moreover, as the companies are expanding their business, their manufacturing processes are becoming more and more complicated, and hence companies require specific customized robotic solutions that are well-suited to their operations. Some market vendors have started to provide customized robotics to meet specific application requirements to enhance operational productivity. Hence, companies across the Heavy Machinery industry prefer customized robotic systems that have been designed to suit their specific needs.”
According to the report, one of the main factors driving the market is the need to optimize total cost of ownership. Though the deployment of industrial robots in the Heavy Machinery industry requires high initial investment, it provides a high return on investment in a short period of time.
Further, the report states that one of the main challenges is the continuous decline in the profit margins of vendors. Vendors of industrial robots in the Heavy Machinery industry are witnessing a steady decline in their profit margins due to the increase in the prices of raw materials and the constant decline in the average selling price of industrial robots.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Adept Technology Inc., American Robot Corp., Kawasaki Robotics Inc., Omron Corp., RoboGroup TEK Ltd., Rockwell Automation Inc., ST Robotics, STAUBLI Corp., and Yamaha Robotics
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-industrial-robotics-market-heavy-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Global Industrial Robotics Market in the Heavy Machinery Industry 2012-2016
