Global Industrial Robotics Services Market 2018-2022| 10% CAGR Projection Over the Next Four Years - Technavio
LONDON--(BUSINESS WIRE)--Jan 4, 2019-- analysts forecast the global industrial robotics services market to grow at a CAGR of nearly 10% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global industrial robotics services from 2018-2022. (Photo: Business Wire)
The collaboration between system integrators and manufacturers is one of the major trends being witnessed in the . To attain a competitive advantage over other players in the market, industrial robot manufacturers are constantly making efforts to improve their relationships with robot system integrators and distributors. Thus, it is important to provide integrators with tools such as certain software, along with information and support to help them serve customers in a better manner.
According to Technavio analysts, one of the key factors contributing to the growth of the global industrial robotics services market is the surge in demand for industrial robots:
Global industrial robotics services market: Surge in demand for industrial robots
The global industrial robotics market has been seeing strong demand for various industrial applications owing to the technological advancements and investments in R&D in robotics. Manufacturers are gradually automating their day-to-day manual processes by adopting industrial robots for attaining production and operational efficiency. Industrial robots helps in minimizing the margin of error and ensure greater employee safety.
According to a senior analyst at Technavio for research on robotics, “Securing sufficient production line capacity is becoming more difficult year by year, especially for small and medium-sized companies. In countries such as Japan, labor shortages will aggravate the issue. Thus, industrial players are expected to increase their investment in robots and automation to meet the growing demand.”
Global industrial robotics services market: Segmentation analysis
The global industrial robotics services market research report provides market segmentation by application (material handling, welding and soldering, and assembly lines), by service type (engineering and consulting, installation and commissioning, robot programming, maintenance and repair, and training), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The material handling segment held the largest market share in 2017, accounting for over 43% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 and this region is expected to dominate the market through 2022, with over 1% increase in its market share.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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