Lewes, DE -- (SBWire) -- 05/26/2015 --Report forecast the industrial robotics market in North America to grow at a CAGR of 12.26% over the period 2015-2019.
Industrial robotics is the technology used to automate a variety of manufacturing processes across different industries such as automotive, food and beverage, and electrical and electronics. Industrial robots are programmed to automate and control manufacturing processes such as arc welding, spot welding, materials handling, machine tending, picking, packing and palletizing, assembly, mechanical cutting, grinding, deburring and polishing, gluing, adhesive sealing and spraying materials, and other applications including inspection, water jet cutting, and soldering.
This report covers the present scenario and the growth prospects of the industrial robotics market in North America during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of industrial robots.
According to the report, the lack of skilled labor is a key concern for manufacturing companies in North America. Therefore, these companies are increasingly deploying machines and robots to automate various manufacturing processes. Also, labor costs have increased in the US and Canada in the past few years, affecting the overall manufacturing costs. Industrial robots help in mitigating the effects of the rising costs by reducing human intervention in various industrial processes. Thus, the shortage of labor has increased the usage of industrial robotics in manufacturing companies, fueling market growth in the region.
Further, the report states that the high initial investment for setting up industrial robots in plants is a key concern for the vendors in the market.
The Industrial Robotics Market in North America 2015-2019, 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 in the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the industrial robotics market in North America: ABB, Fanuc and Yaskawa Electric
Other Prominent Vendors in the market are: Adept Technology, Apex Automation and Robotics, Aurotek, Daihen, Denso Wave, Ellison Technologies, Mitsubishi Electric, Pari Robotics, Reis Robotics, Rockwell Automation, Schunk, Staubli International, TM Robotics and Yamaha Robotics
Market Driver
- Increase in Shortage of Labor
- For a full, detailed list, view our report
Market Challenge
- High Initial Investment
- For a full, detailed list, view our report
Market Trend
- Development of Next-generation Industrial Robotic Systems
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 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?
Spanning over 73 pages and 33 Exhibits "Industrial Robotics Market in North America 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Application, Market Segmentation by End-user, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/industrial-robotics-market-north-america-2015-2019
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