Nearly every day a news story is published that proclaims the U.S. manufacturing industry is dead and little if any manufacturing hiring is occurring. Take these claims with a grain of salt. U.S. manufacturers are thriving. But they are not the low tech, unskilled-labor businesses of twenty or thirty years ago. They have integrated so much technology into the manufacturing process that they require highly trained employees.
According to Research Analyst, principal author of the market research study, “Industrial robot vendors have discovered that with intelligent use of new technology, they can dominate an aspect of some manufacturing automated process for a particular sector. As the early adopters in the auto industry have proven, robots do the work cheaper and better than humans once a repetitive process has been evolved. Industrial robots make the difference between winning competitive advantage or losing it. Solutions offered by vendors are creating market growth opportunities .”
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Market numbers have been estimated based on the average usage of packaging robots for different kinds of applications such as picking, placing, palletizing, de-palletizing, tray packing, case packing and filling among others. Market size and forecast for each segment have been provided in the context of global and regional markets. Market dynamics prevalent in China, Japan, South Korea, North America, and Europe have been taken into account for estimating the growth of the global market. Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends.
The prominent companies operating in the market are Dyson Ltd., Ecovacs Robotics Inc., Infinuvo, iRobot Corporation, Koninklijke Philips N.V., LG Electronics Inc., and Neato Robotics Inc., Intellibot Robotics LLC, Yujin Robot Co. Ltd., and Samsung Electronics Co. Ltd. They have adopted strategies, such as expansions, partnerships, collaborations, mergers & acquisitions, joint ventures, new product launches, and others to strengthen their position in the market.