Industrial Robotics Market Size, Share, Analysis, Growth and Forecasts-2020

Industrial robots as per defined by ISO 8373 are “automatic controlled”, manipulator programmable into three or more axes, that may be either rigid or movable for utilizing in engineering automation applications”. As these industrial robots are flexible and are of multi-use, they have capability to adapt to various applications with a few physical alterations. The reprogrammable nature of industrial robots permits for modification in their functions or motions without any physical changes. At the times of the economic recession several production companies witnessed no growth in the market. Along with this the uncertainty and rising cost or increasing cost had hampered the industrial robotics market. On the other hand, the usage of industrial robots delivers the manufacturing field easiness in doing difficult recurring everyday jobs in large volume manufacture lines. The development of the worldwide industrial robotics market is driven by the increasing demand for automation in industrial applications owing to the increment in cost of labor and requirement for efficient and fast production process. Increased usage of robotics for modernization of automobile sector in developing countries, the decreased manufacturing cost and increment in productivity owing to the utilization of robotics are few of the major factors driving the market’s development over the upcoming six years. However, the misunderstanding amongst unions regarding industrial robots, the inaccurate cost of maintenance and justification are some of few factors that hamper the development of the market. System engineering and high installation cost also hold back organizations from implementing industrial robotics for performing their production processes. Product implementation for improving the productivity of medium and small enterprises could give a important growth opportunity for the market. Improving existing products could stimulate industrial robotics market growth.

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