Posted in | News | Industrial Robotics

Global Robot Drives Market Expected to Grow at CAGR of 7.76% by 2021

Robot Drives Market 2017

Industrial robots have emerged as game changers in the industrial automation sector during the recent years. End-users that were reluctant to adopt automation in their facilities have realized the long-term benefits associated with industrial robots; therefore, many end-users are undergoing a transition to implement robots across various applications.

It has been predicted that the revenue of the industrial robotics market will grow at a CAGR of 7.66% during the forecast period. The rising scope of industrial robotic implementation across end-user applications has subsequently generated demand for servo-electric drives for controlling the movement of robots. With industrial robots being increasingly deployed for welding, painting, material handling, and assembling processes, the market for servo drives is expected to exhibit growth during the forecast period.

The analysts forecast the global robot drives market to grow at a CAGR of 7.76% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global robot drives market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of robot drives.

The market is divided into the following segments based on geography:
• Americas

The report, Global Robot Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Bosch Rexroth
• Ingenia Motion Control
• Robotics & Drives
• YASKAWA Electric Corporation

Other prominent vendors
• Bass-Antriebstechnik
• Beijing Leader & Harvest Elecric Technologies
• Danfoss
• DENSO Robotics
• Emerson Electric
• Fanuc
• Harmonic Drive
• Hitachi Industrial Equipment Systems
• Kollmorgen
• Micro-Motor
• ROBOTEC Engineering
• Rockwell Automation
• Schneider Electric
• Seimens

Market driver
• Rise in number of SMEs investing in automation
• For a full, detailed list, view our report

Market challenge
• Emergence of low-cost product manufacturers
• For a full, detailed list, view our report

Market trend
• Adoption of customized robots
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 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?

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.