This market research report presents a detailed segmentation of the industrial robotics market in APAC by applications (material handling, assembly line, welding, paint robots, logistics, machine tending, and inspection) and by end users (automotive, food and beverage, industrial machinery, electronics and semiconductor, and others). The leading vendors in the market include ABB, FANUC, Kawasaki, KUKA, Yaskawa, and SIASUN.
Technavio’s market research analysts estimate the industrial robotics market in APAC to grow at a CAGR of almost 9% between 2016 and 2020. The increasing popularity of smart and robotics factories in APAC due to the highest standards of precision and quality that they enable and the decreased dependence on human workforce is the primary driver for the market. An aging population, shrinking workforce, and immigration control are some of the major factors driving factories to automate their production process. Factors such as increase in the number of small and medium-sized enterprises (SMEs) investing in automation and the need for virtual inspection in harsh climatic conditions are some of the factors that are expected to contribute to the growth of the industrial robotics market in this region during the forecast period. Currently, China tops the industrial robotics market in the APAC by accounting for over 35% of the overall market share. Positive robotic policies, a high attrition rate of workforce in heavy industries, and increasing industrial transformation and downstream demand for manufactured products are some the factors that are likely to have a positive influence of the growth of the market in China by 2020.
The new market research report from Technavio presents a breakdown and analysis of the industrial robotics segments by application.
“The increasing use of cobots in the manufacturing sector in the latest trend being witnessed in the market. Cobots are collaborative robots that are designed to work with human workers and assist them in a variety of tasks. Features such as affordability, high adaptability, and pre-enabled plug and play feature are some of the factors that are stimulating the increasing adoption of cobots in the manufacturing industries. Industrial cobots are the fastest-growing category in the industrial robotics sector and is expected to generate over $1 billion in revenue globally during the forecast period,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
In 2015, the material handling segment held the largest share in the industrial robotics market in APAC with over 50% of theoverall market share. The presence of a large number of already existing manufacturing facilities that require modernization, increasing adoption of robots among small-sized business for packaging, and decreasing ergonomic hazards for workers are some of the factors that are driving this segment. The increase in investments by automotive companies in countries such as Japan and India are expected to trigger an upsurge in the demand for material handling robots during the forecast period.
The key vendors in the industrial robotics market in the APAC are ABB, FANUC, Kawasaki, KUKA, Yaskawa, and SIASUN. This market is dominated by large domestic and Japanese vendors who compete in terms of quality, durability, reliability, and technological innovations to gain substantial market shares. Domestic players are expected to gain a better market share in the coming years because of their high price-performance services and flexible sales method, besides offering customized solutions for various manufacturing industries. Competition in this market is expected to intensify with increased R&D innovations and M&A activities in the near future.
A more detailed analysis is available on the Technavio report, Industrial Robotics Market in APAC 206-2020.
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