Market Overview

Global Business Robots Market Forecasts 2018-2023: Major Players Profiled are FANUC, ABB, Nachi Robotic Systems, Yaskawa America and DENSO Robotics - ResearchAndMarkets.com

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The "Business
Robots Market - Forecasts from 2018 to 2023"
report has been
added to ResearchAndMarkets.com's offering.

This research study examines the current market trends related to the
demand, supply, and sales, in addition to the recent developments. Major
drivers, restraints, and opportunities have been covered to provide an
exhaustive picture of the market. The analysis presents in-depth
information regarding the development, trends, and industry policies and
regulations implemented in each of the geographical regions. Further,
the overall regulatory framework of the market has been exhaustively
covered to offer stakeholders a better understanding of the key factors
affecting the overall market environment.

Business robots market is expected to witness robust growth over the
forecast period on account of growing focus toward industry automation
as well as high speed innovation. The diversity in labour market owing
to changing demographics further contributes to the adoption of robots
in businesses. For instance, the rapidly aging population in China is
cumulating country's labour cost. Other drivers include rapid
industrialization, growing investment and continuous R&D. Favourable
government initiatives, especially in developing countries, and surge in
demand from SMEs is expected to augment the market growth in years
ahead. However, high implementation cost restrains end users with
limited capital to adopt this technology.

By End-User

By End-User, manufacturing segment accounted for high market share in
2017 and is also expected to hold a notable position by the end of
projected period. This growth is largely driven by high share of
automotive sector. The increase in investments for product modernization
by major car producing countries contributes to the growth of automotive
segment for business robots market. Moreover, high competition in major
car market further pushed for investments. The metal industry is
expecting a high growth over the projected period owing to the growing
adoption of robotics for applications like welding, painting, casting,
cutting and others.

Major industry players profiled as part of the report are FANUC
Corporation, ABB, Nachi Robotic Systems Inc., Yaskawa America, Inc., and
DENSO Robotics.

Segmentation:

By Component

  • Software
  • Hardware
  • Sensor
  • Control System
  • Actuator
  • Others

By Type

  • Articulated
  • Polar
  • Cartesian
  • Cylindrical
  • Others

By End User

  • Industrial
  • Automotive
  • Food and Beverage
  • Electrical and Electronics
  • Chemical
  • Manufacturing
  • Others
  • Commercial

Companies Mentioned

  • FANUC Corporation
  • ABB
  • Nachi Robotic Systems Inc.
  • Yaskawa America, Inc.
  • DENSO Robotics
  • KUKA
  • Kawasaki Heavy Industries, Ltd
  • Epson America, Inc.
  • Omron Corporation

For more information about this report visit https://www.researchandmarkets.com/research/52k4jn/global_business?w=4

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