Industrial Robotics Market to Grow at a CAGR of 6.35% From 2016 to 2020: Hexa Reports

The report covers the present scenario and the growth prospects of the global industrial robotics market in the automotive industry for 2016-2020. The report consists of the following major segmentation

Industrial robots were first adopted in the automotive industry in 1960 by GM and were called Unimate. These robots could weld and handle huge payloads. Wider adoption of robots started in 1980 in response to a need to automate applications such as welding, painting, and assembling in the automotive industry. Although robots were expensive, companies were encouraged to use them more frequently in automation processes because of the faster ROI and cost-effectiveness over the long run.

Technavio’s analysts forecast the global industrial robotics market in the automotive industry to grow at a CAGR of 6.35% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global industrial robotics market in the automotive industry for 2016-2020. The report consists of the following major segmentation.

The market is divided into the following segments based on application:
Material handling robots
Assembly line robots
Industrial welding robots
Paint robots

Technavio’s report, Global Industrial Robotics Market in Automotive Industry 2016-2020, 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
ABB
Fanuc
KUKA
Yaskawa

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Market driver
Safe and secure work environment
For a full, detailed list, view our report

Market challenge
Misconception about industrial robots
For a full, detailed list, view our report

Market trend
Development of collaborative robots
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 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?

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About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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