TechNavio recognizes the following companies as the key players in the Global Industrial Robotics Market in Food and Beverage Industry: ABB Ltd., Yaskawa Electric Corp., Fanuc Corp., KUKA AG, Denso Corp., Toshiba Machine Co. Ltd., and Yamaha Robotics.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Several market vendors are in the process of developing advanced robotic systems with more features and functionalities, such as artificial intelligence, to maintain their position in the competitive business environment. The inclusion of artificial intelligence in independent robotic systems improves their efficiency and reduces production errors, thereby increasing their performance capabilities. Therefore, the emergence of next-generation industrial robots is expected to drive the growth of the market during the forecast period.”
According to the report, one of the main drivers in this market is the need for increased productivity in the manufacturing process. Industrial robots can aid in this requirement as they can perform tasks consistently and with high precision throughout the production process.
Further, the report states that one of the major challenges faced is the decline in vendors’ profit margins caused by the continuous decline of product prices and the rise in the cost of raw materials.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Adept Technology Inc., Omron Corp. and Mitsubishi Electric Automation Inc.
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-industrial-robotics-market-food-…
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 Industrial Robotics Market in Food and Beverage Industry 2012-2016
