(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the Articulated Industrial Robots Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Articulated Industrial Robots Market products.
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According to the statistics by the Bureau of Economic Analysis (BEA) of the U.S. Dept. of Commerce, the gross output registered from the data processing, internet publishing and other information services industry grew from USD 162.5 Billions in 2010 to USD 530.4 Billion in 2020.
As major forms of industrial robots, articulated robots take most of the share in global fast-growing industrial robots market. Both the unit shipment and the sales revenue of articulated robots are forecast to grow at two-digit CAGRs throughout 2016-2021. Strongest drivers of the rapid growth will be the automotive industry followed by the electronics industry. Emerging economics are contributing greatly to the growth and gaining an increasing share in global articulated industrial robots market.
Articulated Industrial Robots: Global Market 2016-2021 examines the worldwide market of articulated robotics through a comprehensive review and analysis of reliable information sources. With a review of market environments in the world, this report provides an in-depth and detailed analysis of market structure, the major industrial players/vendors, end-users, geographical landscape, and market forces. In most analysis, historical statistics together with market outlook cover the 2014-2021 period.
Qualitative market analyses include identification and discussion of growth drivers, restraints and challenges, emerging market trends/opportunities, Porter's Fiver Forces as well as M & A landscape and fundraising trend (IPO and VCI).
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Worldwide articulated robot markets by end-users compose of articulated robotic manufacturing solutions in Automotive Industry, Electrical and Electronics Industry, Metal, Machinery, Plastics & Chemicals, Food & Beverage, and other industrial sectors. Automotive and electrical/electronics manufacture have been so far attracting the majority of new installations while applications in other industrial manufactures are speeding up.
Geographic sub-markets include regions such as North America, Europe, Asia Pacific region, Latin America and the rest of world (RoW). Specific analysis and forecast over 2014-2021 have been covered for articulated robots market in important economics such as U.S., China, Japan, Germany, South Korea, and Mexico. Asia-Pacific region remains the largest market in global articulated industrial robots sector in terms of sales volume as well as annual revenue, followed by European market and North America region. APAC also holds the strongest growth potential for the future articulated robots market with China and Southeast Asian countries expected to be the driving engines for the growth.
The market data and forecast trends are highlighted by 5 tables and 52 figures. Current competitive scenario and latest news about major vendors are included. The global leading vendors of articulated robots are studied and profiled.
Key Players:
ABB Ltd.
Fanuc Corp.
Kuka AG
Yaskawa Electric Corp.
Adept Technology Inc.
Mitsubishi Electric Corp.
Nachi Fujikoshi Corp.
Kawasaki Robotics
Denso Wave
ST Robotics
Yamaha Robotics
Epson Robotics
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Eli
Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.
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