This market research study presents a detailed segmentation of the global robot machine tools market by end users (automotive and non-automotive) and by geography (Americas, APAC, and EMEA). The key leading vendors identified in the market are ABB, Adept Technology, FANUC, KUKA, and Yaskawa Electric.
Technavio’s market research analysts estimate the global robot machine tools market to grow at a CAGR of 5% between 2016 and 2020. The growing need to improve operational efficiency and flexibility is one of the key factors driving the growth this market globally. The lack of skilled labor across many industries has prompted manufacturers worldwide to adopt robotics in industrial applications, thereby reducing the dependence of manual labor. Furthermore, robots are adept at multitasking and can execute repetitive tasks with absolute precision, tirelessly. Therefore, robot machine tools are mostly deployed in accident-prone areas and in manufacturing plants that require their employees to work round-the-clock to meet the global standards. APAC dominates the global robot machine tools market, accounting for 65% of the total market share. Much of this region’s growth is expected to come from high demand for automotive production in the region.
The new market research report from Technavio provides a breakdown and analysis of the machine tools segments by technology.
“Of late, the market is witnessing the surge in the demand for multipurpose robotic systems In an industrial setting, a multipurpose robot is capable of handling many tasks like welding, machine tending, assembling, packaging, dispensing, material handling, and material moving, making it indispensable for the company. Moreover, end users are also adopting industrial robots that can perform error proofing and regulate the assembly process. Therefore, the deployment of multipurpose robots in industries improves the production and efficient and reduces overall expenditure, in the coming years,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
The automotive industry segment is the largest end-user of robot machine tools, occupying around 58% of the overall market share. Industrial robots are adopted to execute a plethora of tasks and complex operations in the automotive sector, such as machine tending, welding, painting, engine assembling, driving screws in inaccessible areas in engine manufacturing, and inspection to ensure the parts are properly assembled. The automotive industry undergoes constant innovation and development to improve the quality of their products and services. Therefore, to meet global standards, the automotive industry uses robotic solutions, especially in countries like Germany, Japan, the US, and China. This is expected to transform the modern automotive industry by enhancing overall production efficiency with smooth functioning, resulting in reduced time-to-market.
The leading vendors in the global robot machine tools market include ABB, Adept Technology, FANUC, KUKA, and Yaskawa Electric. The market is highly competitive owing to the presence of several of several well-established vendors. The market is expected to experience a positive outlook from the automotive industry due to an augmented demand for robots and significant investments. The vendors compete in terms of product features, price, customized solutions, and services offered. The competition is expected to intensify with the introduction of products, technological innovations, R&D, and M&A.
A more detailed analysis is available in the Technavio report Global Robot Machine Tools Market 2016-2020.
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