The report offers a holistic overview of the Industrial Robot Market with the help of application segments and geographical regions that govern the market currently. Further, the report delves deep into the value chain of the Industrial Robot market so as to emerge with information specific areas that hold high revenue-generating potential. With the Industrial Robot market having undergone certain inherent shifts in the past decades, the report discusses how these changes will impact the future.
Robotic process automation has the potential to spark the next industrial revolution. Bots have been designed that can write literature and compose original music. They are so good at these seemingly ‘creative’ endeavours that humans cannot distinguish between music created by a software program and that by a human composer. Extrapolating from this, smart bots have also found application in developing computer programs and writing code.
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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.
A few leading vendors profiled in the report lead the market. ABB provides a comprehensive range of robots to help manufacturers improve productivity, product quality and worker safety. Regardless of application ABB has a robot to meet needs of the customer in any industry. ABB has installed 250,000 robots worldwide.
Robots are made in various shapes and sizes and generally their load carrying capacity depends up on their size and strength. An average human sized robot is capable of carrying a load of more than 100 pounds and can also move it very quickly at the rate of +/-0.006 inches. One of their major advantages is that they can work continuously for days and years at a stretch without developing any fault. Due to this persistent accuracy robots are fast becoming indispensable part of various industrial set-ups. Most often these robots are used for repetitive painting, welding and operations like picking up and placing products into the machines.