World Collaborative Industrial Robots Market to Grow Exponentially, According to New GMD Research Study Available at MarketPublishers.com07 Jun 2016 • by Natalie Aster
LONDON – Technology advances have made the application areas of collaborative robots (otherwise known as cobots) a reality in a host of manufacturing works. This emerging marketplace is projected to grow exponentially, with annual shipment and revenue from sales from software and hardware increasing more than 42% on an annual basis up to 2022. With the benefits such as enhanced flexibility, increasing production efficiency and reduced operational expenses, industrial collaborative robots have been deployed to assist human labour and help manufacturers remain competitive in the worldwide markets.
The key factors challenging the industrial cobots market are safety issues, increasingly stringent regulatory barriers, and decreased rates of penetration and uptake of industrial cobots. Additionally, adding novel functionalities and enhancing load capacity and speed whilst maintaining the price points low and cobot safety are likely to pose a challenge for the manufacturers.
APAC region takes the lead in the overall market in terms of revenue and sales volume, with Europe and North America following after. The APAC market holds high growth potential in the future as China and the countries of Southeast Asia are set to fuel the industry growth in the offing.
New research publication “Global Collaborative Industrial Robots Market 2016-2022 by End-user, Application and Region” created by Grace Market Data (GMD) examines the industrial cobot universe. Considering the global economic environment and trends across different end-use industries, the report provides a deep and detailed analysis of the market structure, market trends, market drivers & restraints and present-day challenges. It also presents detailed market segmentation based on end-user, application, and by geographic region. It offers historical data together with market outlook to 2022 period as regard to unit shipments and sales revenue. The study also canvasses the current competitive scene and includes detailed profiles of the leading vendors and/or players. The report uncovers different emerging market trends and opportunities, includes Porter’s fiver forces analysis, examines the M&A activity landscape and tracks the fundraising trends.
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