Heavy Duty Industrial Robot Market Growth Boosted by Low Component Price | Technavio

The global heavy duty industrial robot market is expected to grow at a CAGR of close to 8% from 2017-2021, according to a new market research report by Technavio.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171215005459/en/

Technavio has published a new market research report on the global heavy duty industrial robot market 2017-2021 under their industrial automation library. (Graphic: Business Wire)

Global heavy duty industrial robot market segmentation by application and product feature

Technavio’s report on the global heavy duty industrial robot market analyzes the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including material handling, assembly line, and logistics. As projected in 2016, more than 48% of the market share originated from material handling.

Based on product feature, the global heavy duty industrial robot market has been segmented into payload capacity 0.50 to 1 ton, payload capacity 1 to 2 ton, and payload capacity of more than 2 ton. As of 2016, more than 40% of the market share came from payload capacity 0.50 to 1 ton.

“Heavy duty industrial robots come with different payload capacities, among which the most adopted robot category is that of the ones with payload capacity 0.50 to 1 ton. These heavy duty industrial robots are utilized for applications such as material handling in discrete industries where automotive and auto component manufacturers contribute substantially. Apart from this, heavy duty industrial robots with payload capacity 0.50 to 1 ton are installed for logistics applications in industries to lift heavy loads,” says Sushmit Chakraborty, a lead analyst at Technavio for robotics research.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Global heavy duty industrial robot market: competitive vendor landscape

The global heavy duty industrial robot market is concentrated because of the presence of a few established vendors. The vendor landscape comprises various global and regional manufacturers along with the system integrators. The global heavy duty industrial robot market has witnessed several developments in the recent years, with the integration of advanced technologies and features such as self-learning, compact, mounting, high speed, and collaborative robots. As the industries are revolutionizing their manufacturing and supply chain capabilities, the implementation of industrial robots has been increased.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Other topics covered in the report:

Market drivers:

• Low price of components
• Adoption of heavy duty industrial robots to develop smart assembly lines

Market challenges:

• Installation cost
• Downtime in transforming manufacturing facilities

Market trends:

• Adoption of artificial intelligence to attain high precision and just-in-time
• Adoption of heavy duty collaborative robots

Get a sample copy of the global heavy duty industrial robot market report free of cost

Access Technavio’s continuously growing robotics research library and find expert analysis on hundreds of markets.

About Technavio

Technaviois 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 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.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171215005459/en/