Technavio Report: Industrial Robotics Market In Asia Pacific To Grow From 2016-2020

  • Wednesday, 25 May 2016 08:18

According to the latest market study released by Technavio, the industrial robotics market in Asia Pacific is expected to grow at a compound annual growth rate (CAGR) of almost nine percent during the period from 2016 to 2020.

The report titled, “Industrial Robotics Market in APAC 2016-2020” highlighted key sectors that are seeing a rise in demand for industrial robotics. These industries include those of the automotive and industrial machinery.

The report pointed out that China has the highest automotive manufacturing base in the region, with almost 20 million cars produced in 2015. The rise in car production has increased the need for the modernisation of factories to increase capacity utilisation, which in turn, will boost robot installations in China.

Technological advances have also generated a positive impact on market growth. For instance, the virtual inspection assembly line robots and modern computers have become an integral part of robotic inspection solutions as they monitor the manufacturing process of passenger cars. Implementing virtual inspection systems reduces the overall expenditure for companies.

The report also noted that the industrial machinery industry, which provides components and metal parts for other manufacturing and service industries, plays a significant role in all sectors in Asia Pacific. Industrial robots in this sector are used to shape individual pieces of equipment with processes such as forging, stamping, bending, stamping, welding, forming, and machining. The equipment includes agricultural and food machinery and equipment, construction machinery and related equipment, industrial process machinery, oil and gas industry equipment and power transmission equipment.

Other industries also highlighted in the report comprise food and beverage, electronics and semiconductors, oil and gas, pharmaceutical, plastic and rubber, and heavy industries.

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  • Last modified on Wednesday, 25 May 2016 08:23
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