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Industrial Robots Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2026)NEW YORK, Feb. 14, 2018 /PRNewswire/ -- An industrial robot is referred to multipurpose, programmable & reprogrammable, manipulative, and automatically controlled machine employed in various industrial processes such as product inspection, assembly, and packaging. Several types of industrial robots including articulated, SCARA, parallel, Cartesian, and cylindrical robots, have been deployed across manufacturing facilities globally. APEJ to Remain Largest Market for Industrial Robots Growing popularity of smart factories in Asia-Pacific excluding Japan has entailed implementation of high standards for quality and precision of products, which in turn is propelling the adoption of industrial robots in the region. APEJ will continue to be the largest market for industrial robots, in terms of volume. However, Japan is anticipated to be the fastest expanding market for industrial robots, followed by Middle East & Africa (MEA) and Europe. Parallel robots and Cartesian robots will continue to be sought-after among products, in terms of volume. However, sales of Cartesian robots will reflect a slightly higher CAGR than that of parallel robots through 2026. Adoption of articulated robots has surged across various industrial applications including welding, painting, machine tending, grinding, and polishing, owing to their characteristics such as increased speed, reliability, payload capacity, and larger work envelope. Sales of these robots will also witness an impressive expansion through 2026. Industrial Robots to Find Largest End Use in Automotive Sector Increased demand for passenger cars, with subsequent requirement for their inspection has resulted into a boom in the automotive sector, which in turn has boosted adoption of industrial robots in this sector. Currently, the automotive industry is where industrial robots find the largest end use in terms of volume, and the trend is projected to continue throughout the forecast period. In contrast, demand for industrial robots for end use in the food & beverages sector will remain sluggish in the global market. Painting & dispensing will continue to be the fastest expanding application of industrial robots, followed by material handling. However, number of robots sold for application in material handling and welding & soldering applications will remain relatively higher in the market. On the basis of technology, although semi-automatic industrial robots will remain dominant in the market in terms of volume, sales of automatic industrial robots will exhibit a relatively higher CAGR through 2026. Competition Tracking Key market players identified by the report include Denso Corporation, Kawasaki Heavy Industries, Brenton, LLC, Krones AG, Mitsubishi Electric Corporation, YASKAWA Electric Corporation, KUKA AG, Fanuc Corporation, and ABB Limited. Read the full report: https://www.reportlinker.com/p05328053 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/industrial-robots-market-global-industry-analysis-2012---2016-and-opportunity-assessment-2017---2026-300598950.html SOURCE Reportlinker |