The main reason for offshore manufacturing is to reduce production costs for a manufacturer who is trying to make more profits by exploiting the comparative advantages that exist in other countries and which are not in his/her country.
Nevertheless, the global industrial logistics robotics market is getting increasingly diversified and is poised to grow significantly in every vertical. This can be attributed to the fact that production of goods and services need automated processes. Hence, industrial logistics robots are being increasingly deployed to adapt conveyor belts and end of line tasks along with the loading of a flexible systems approach. At present, automated processes rely on the introduction of advanced logistics capability, and with robots taking over the operation, they allow remote control over a device, and by consequence a process. This aids in directing machines the way the user wants.
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In Trump’s first 100 days in the oval office, he hasn’t done so much for what he had promised during his 2016 Campaign. In recent statements about what he plans to do about recreating American manufacturing jobs, he has changed his position on this issue off bringing back all offshore accounts to the states, to only having some reside in the states and others remain in their producing countries. Only time will tell how this promise of bringing back all manufacturing jobs to the United States will affect the nation and the world economy.
Segmentation comprises demand for individual robot and end-users in all the regions and important countries in the region. Application segment includes current and estimated demand of industrial robots for applications such as picking, packing and palletizing. While gripper segment includes present and forecast demand for packaging robot with grippers such as claw, clamp, vacuum and others (Pneumatic and Hydraulic). End-use industry segment includes demand for packaging robots in industries such as food & beverages, pharmaceuticals, consumer products, tracking and logistics and industrial packaging.
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