MarketResearchReports.Biz presents this most up-to-date research on " Industrial Robotics Market in APAC 2016-2020 "
A new research report on the Asia Pacific industrial robotics market has been recently added to the vast repository of MarketResearchReports.biz. The research report, titled “Industrial Robotics Market In APAC 2016-2020,” offers a comprehensive overview of this market considering the existing as well as imminent market trends.
The growing automation in various industries such as automotive, packaging, and electronics is fueling the demand for industrial robots in Asia Pacific. In addition to this, the increasing usage of collaborative robots, also known as cobots, in the manufacturing industry is anticipated to boost the Asia Pacific industrial robotics market significantly in the coming years. Analysts predict this market to register a CAGR of 8.70% during the period from 2016 to 2020.
The report has studied the Asia Pacific industrial robotics market on the basis of the type of product and the end-use industry. Product wise, the market has been categorized into assembly line robots, material handling robots, paint robots, welding robots, machine tending robots, logistics robots, and inspection robots.
In 2015, the material handling robots segment emerged as the market leader, accounting for a share of more than 50% in the overall market. The increased automation in small- and medium-sized enterprises (SMEs) operating in the packaging industry and the augmented number of manufacturers of material handling robots have boosted this segment substantially in the recent times. With the rising investments in the construction of new manufacturing units, the demand for these robots is expected to rise significantly during the forecast period.
Based on end user, the report has classified this market into the automotive industry, the food and beverages industry, the industrial machinery industry, and the electronics and semiconductors industry. The automotive industry is the leading end user of industrial robots and is expected to maintain its dominance throughout the forecast period.
The presence of a huge automotive manufacturing base in this region is the key factor behind the emergence of the automotive industry as the biggest end user of industrial robots. The rapid pace of automation in this industry is projected to fuel the demand for such robots in this market over the forecast period, states the market report.
Japan, China, India, and South Korea have been identified as the key domestic markets for industrial robots in Asia Pacific in this research study.
FANUC, Kawasaki, Yaskawa, SIASUN, KUKA, and ABB are the leading industrial robotics producers in Asia Pacific. Other major companies profiled in this market report are Yamaha Robotics, Epson Robotics, Honda, Staubli Robotics, Adept Technologies, Mitsubishi Electric, and Nachi-Fujikoshi.
The introduction of innovative and technically advanced products is the key trend among companies operating in this market. With the increase in research and development activities, the competition in this market is likely to intensify over the forecast period, reports the research study.