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Use of 3D Vision and Artificial Intelligence Predicted to Drive the Global Industrial Robotics Market in the Rubber and Plastic Industries Until 2020, Says Technavio


May 12, 2016
By Business Wire News

LONDON

According to the latest research study released by Technavio, the global industrial robotics market in the rubber and plastic industry is expected to record a CAGR of over 18% until 2020.

This research report titled ‘Global Industrial Robotics Market in the Rubber and Plastic Industry 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. 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.

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“China accounted for about 25% of the overall production of plastics, followed by European countries that accounted for 20%. Key findings of this report show that the demand for plastics is anticipated to grow during the forecast period, and positively impact the market. Significant improvements in gripper technology, such as the development of Versaball by Empire Robotics for handling materials of any shape and size, is also slated to play a critical role in the expansion of robots in the rubber and plastic industry,” said Bharath Kanniappan, one of Technavio’s lead analysts for robotics research.

“The production of plastic involves complex processes such as injection molding, blow molding, and extrusion. Additionally, these processes need precise controlling and monitoring to deliver a high quality finished product. Thus, many enterprises are implementing industrial robotics in their manufacturing plants for material handling, assembling, and disassembling applications,” added Bharath.

Technavio researchers anticipate a rising demand for plastics across the world to act as a growth catalyst for the industrial robotics market in the rubber and plastics industry, and encourage fresh investments until 2020.

Global industrial robotics market in rubber and plastic industry by application 2015

• Material handling

  43.25%

• Assembling and disassembling

19.67%

• Dispensing and painting

16.87%

• Others

11.94%

• Cutting and milling

8.27%
 

Source: Technavio research

 

Material handling: largest market of the industrial robotics market in rubber and plastic industry

The industrial robotics market in the rubber and plastic industry for material handling application was valued USD 1.06 billion in 2015. Material handling is one of the primary applications in the rubber and plastic industry; this application requires high payload-capable machines engineered with speed and accuracy features.

Moreover, the globalization of commerce and the associated supply chain fragmentation of rubber and plastic industries are driving the use of advanced technologies such as robots in material handling applications. These applications range from pick and place of small products (from conveyors to cartons) and handling raw or finished materials in the production processes such as injection molding, molding labelling and packaging, and blow molding.

Assembling and disassembling: second largest market of the industrial robotics market in rubber and plastic industry

The industrial robotics market in the rubber and plastic industry for assembling and the disassembling application was valued USD 480.9 million in 2015. Manufacturing industries, such as automotive, F&B, rubber, and plastic industries, are experiencing rapid customization in response to the market demand for high-quality products. Automation and industrial robotics can help achieve consistent production quality in these industries.

Industrial robots have been used in the rubber and plastics industry for assembling and disassembling operations over the last decade. But, its use has gained significant momentum in the last 2-3 years. This growth is consequent to the consistent ability of robotics to operate complex assembly processes and to enable the faster delivery of products. Technavio researchers estimate the growth rate to be around 18%-20% following the introduction of industrial robotics in both discrete and process industries.

Dispensing and painting: third largest market of the industrial robotics market in rubber and plastic industry

The industrial robotics market in the rubber and plastic industry for dispensing and painting application was valued at USD 412.4 million in 2015. Manual gluing, painting, and adhesive-dispensing operations demand high precision and consistent quality. Gluing or dispensing and painting operations can significantly benefit from the use of robotics as these enhance the quality of parts produced and reduce production cycle times. Industrial robots are widely used to dispense hot-melt adhesives in the automotive industry in APAC, the Americas, and European countries. This trend will likely continue over the forecast period and will buoy market growth.

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About Technavio

Technaviois a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Technavio Research
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