Aug 30 2014
Research and Markets has announced the addition of the "Global Articulated Robot Market 2014-2018" report to their offering.
The Global Articulated Robot market to grow at a CAGR of 5.48% over the period 2013-2018.
An articulated robot is a robotic arm, which includes at least three rotary joints to perform precise movements in multiple planes. Articulated robots are widely used in the Manufacturing industry for various applications such as welding, sealing, assembling, material handling, picking, cutting, painting and spraying, and machine tending. These robots are also used in the Automotive industry to perform various functions as per the industry requirements. Articulated robots constitute the largest part of the Global Industrial Robotics market.
One of the major trends emerging in the market is the development of next-generation articulated robots as well as application-specific robots.
According to the report, one of the factors that drive the market's growth is the increasing trend towards automation. End-user industries are rapidly adopting robots for industrial purposes to improve the quality of products and reduce the cost of manufacturing.
Further, the report states that one such challenge is the high initial cost of articulated robots. The high cost of robots makes it difficult for small and medium enterprises and companies present in developing economies to adopt the technology.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the Key Market Trends?
- What is driving this 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 key vendors?
- What are the strengths and weaknesses of the key vendors?
The Global Articulated Robots market can be segmented into the following divisions based on end-users:
- Electrical and Electronics
- Heavy Machinery
- Food and Beverages
- Yaskawa Electric
For more information visit http://www.researchandmarkets.com/research/mkh78b/global