MRO Magazine

Global Industrial Robotics Market in Rubber and Plastic Industry 2016-2020 with ABB, FANUC, Kawasaki, KUKA & Mitsubishi Electric Dominating – Research and Markets


May 23, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global Industrial Robotics Market in Rubber and Plastic Industry 2016-2020” report to their offering.

The global industrial robotics market in rubber and plastic industry to grow at a CAGR of 18.1% by revenue during the period 2016-2020.

Global Industrial Robotics Market in Rubber and Plastic Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts.

The report covers the present scenario and the growth prospects of the global industrial robotics market in rubber and plastic industry for 2016-2020. To calculate the market size, the report considers the revenue generated primarily through the sales and services of various industrial robotics such as Cartesian, articulated, and others for different applications in the rubber and plastic industry. The report also includes a discussion of the key vendors operating in this market.

Robots execute multiple complex tasks with high speed, precision, and accuracy. The rubber and plastic industry has many complex processes, such as molding, stamping, pressing, cutting, dispensing, and painting, which can be done with the help of industrial robotic solutions. The robots have application in handling finished products in injection molding, wherein the environment is hostile for human labor. They also help in assembling and disassembling products in the rubber and plastic industry. The concept of industrial robotics in the rubber and plastic industry has been in existence for a decade.

An emerging trend in this market is the increased investment and focus on robotics. Vendors are investigating opportunities to boost their market presence by differentiating their products from their competitors. This forces vendors to create and sustain a sharper focus on R&D efforts, which helps in providing highly customized products. Wider and deeper R&D programs also create opportunities to develop cost-effective products that could increase their competitiveness in the market.

According to the report, a key driver of growth in this market is the growing demand for plastic. The plastics industry facilitated innovation of many products and technologies in other industrial sectors such as construction, electronics, healthcare, energy generation, aerospace, automotive, maritime, packaging, and textiles. This has triggered higher production of plastics during the past decade. The production stood at about 300 million metric tons in 2013, at a CAGR of 4.58% over 2009-2013.

Further, the report states that one challenge that could impact market growth is the need for high initial investment in industrial robotics.

Key vendors

– ABB

– FANUC

– Kawasaki

– KUKA

– Mitsubishi Electric

Other prominent vendors

– Adept Technology

– Apex Automation and Robotics

– Axium

– Denso Robotics

– Epson Robotics

– Nachi Fujikoshi

– Pari Technology

– Staubli Robotics

– TM Robotics

– Yamaha Robotics

Market drivers

– Growing demand for plastic

– For a full, detailed list, view the full report

Market challenges

– High investment requirements

– For a full, detailed list, view the full report

Market trends

– Increased investment and focus on robotics

– For a full, detailed list, view the full report

Key questions answered in this report

– What will the market size be in 2020 and what will the growth rate be?

– What are the key market trends?

– What is driving this market?

– What are the challenges to market growth?

– Who are the key vendors in this market space?

– What are the market opportunities and threats faced by the key vendors?

– What are the strengths and weaknesses of the key vendors?

For more information visit http://www.researchandmarkets.com/research/slmktd/global_industrial

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Plastics, Rubber, Robotics, Industrial Automation