TechNavio recognizes the following companies as the key players in the Global Articulated Robots Market: ABB Ltd., Yaskawa Electric Corp., Fanuc Corp., and KUKA AG.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The Global Articulated Robots market vendors are witnessing huge potential for customized robots among manufacturing industries. Many Manufacturing industries prefer application-specific robotic systems, and therefore, the vendors are offering application-specific articulated robots to the manufacturing companies. For instance, automotive companies prefer articulated robots specific to assembling applications, as this is one of the core competencies of automotive companies. Therefore, the vendors need to provide unique articulated robots as per the company’s requirement. Thus, many vendors are developing customized robots, which help vendors to create a competitive edge over the competitors in the market.”
According to the report, one of the major growth drivers in the market is the increasing need for automation processes. Manufacturing companies depend on articulated robots to tackle the challenges of labor shortages and a rise in labor costs.
Further, the report states that one of the major challenges in the market is the continuous decline in vendors’ profit margin. The continuous decline in product prices and the increase in raw material costs affect the profit margins of vendors.
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., Denso Wave Inc., Evolution Robotics Inc., iRobot Corp., Kawasaki Robotics Inc., Nachi-Fujikoshi Corp., RoboGroup TEK Ltd., Rockwell Automation Inc., ST Robotics, and STAUBLI Corp.
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/content/global-articulated-robot-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Articulated Robots Market 2012-2016
