The TMR report segments the global industrial robotics market on the basis of type, industry, function, and geography. According to type, this market is classified into cylindrical, Selective Compliant Assembly Robot Arm (SCARA), Cartesian, and articulated robots. On the basis of industry, the global industrial robotics market is segmented into precision and optics, food and beverages, metals, machinery, rubber, chemicals and plastics, electrical and electronics, and automotive. Precision and optics, metals, and food and beverages are the three industrial segments that will lead overall demand for industrial robots in the forthcoming years.
Based on function, the report segments the global industrial robotics market into milling, cutting and processing, painting and dispensing, assembling and disassembling, materials handling, soldering and welding, and others. In 2013, the materials handling segment held the largest share in the global market.
From the regional perspective, the report categorizes the global industrial robotics market into Asia Pacific, Europe, North America, and Rest of the World. In terms of revenue, the global industrial robotics market was led by Asia Pacific in 2013. The growth of the Asia Pacific industrial robotics market can be attributed to intensive research and development activities in economies such as India, China, Australia, and Japan. It is anticipated that much of the demand for industrial robotics in Asia Pacific will come from small and medium enterprises that will take to robotic applications on a massive scale in the years to come. In North America, Mexico is expected to be a promising market for industrial robotics.
Stagnating industrial manufacturing and postponement of investment owing to high costs of capital will have an adverse impact on the performance of the global industrial robotics market in the forthcoming years. The prominent companies in the global industrial robotics market are Yaskawa Motoman Robotics, Universal Robots, Panasonic Corporation, Nachi Robotic Systems Inc., KUKA Robotics Corporation, FANUC Ltd., and Denso Corporation.
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