Market outlook for the global assembly line robots market
Technavio research analyst predicts the global assembly line robots market to grow steadily at a CAGR of 7% during the forecast period. The need for flexibility in plant operations is one of the primary drivers of the market. As most industries now serve their customers 24/7, employees are required to work round the clock. The adoption of robots has reduced the employee workload drastically. Monotonous jobs such as assembling are now carried out by robots in the production line with high productivity and consistent quality. With the use of robots, employees can focus more on supervising and decision-making roles. The use of collaborative robots has helped the automotive industry to a great extent. For example, BMW introduced collaborative robots in its human production lines in September 2013.
The small and medium enterprises (SMEs) that include contract manufacturers of auto components and machine tools are reluctant in making heavy investments on robots, but this trend is witnessing a change owing to the challenges they face in handling manual labor. This has led them to increasingly adopt collaborative robots that are easy and safe to operate on the assembly lines. For instance, Rethink robots offer robotics solutions for small industries starting at $25,000.
End-user segmentation and analysis of the global assembly line robots market
The automotive segment accounted for nearly half of the assembly line robots market demand owing to their increased application in assembling heavy components like chassis, powertrain, and so on. All major companies such as BMW, Ford, and GM have adopted assembly line robots in their production lines to enhance and improve their production efficiency and to maintain consistent quality of their finished products.
Geographical segmentation and analysis of the global assembly line robots market
APAC accounted for nearly 62% of the overall assembly line robots market in 2015 but the fastest growth is expected to be seen from EMEA during the forecast period. This rapid growth in EMEA can be attributed to the monetary stimulus package announced by the European Central Bank and investments that are planned by the automotive majors in the region.
Competitive landscape and key vendors
The assembly line robots market is facing stiff competition due to innovations in products and marketing strategies. Also, all major vendors are focusing on providing complete industrial robotic solutions. They are developing innovative technologies to provide better support services and superior quality robots enabled with IoT services. Technavio analysts expect the competitive environment in this market to intensify further with an increase in R&D investments and M&A during the forecast period.
The leading vendors in the market are -
Other prominent vendors in the market include Apex Automation and Robotics, Denso Robotics, Epson Robotics, Kawasaki Robotics, Mitsubishi Electric, Nachi Robotic Systems, Rethink Robotics, TM Robotics, and Universal Robots.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global assembly line robots market?
What are the key market trends impacting the growth of the global assembly line robots market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global assembly line robots market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global assembly line robots market?
Technavio also offers customization on reports based on specific client requirement.