(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the Industrial Robots for Electrical & Electronics 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 Industrial Robots for Electrical & Electronics Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017
Robotics is expected to become one of the key technologies to drive the global economic growth in next years. As the second largest consumer of industrial robots, electrical and electronics industry has been ordering an increasing number of industrial robots and this trend is likely to continue with a two-digit CAGR throughout 2016-2022.
Industrial Robots for Electrical & Electronics Industry: Global Market 2016-2022 examines the worldwide market of industrial robotics in electrical and electronics industry through a comprehensive summary and analysis of premium information sources. With a review of global market environments and electrical & electronics industry trend, this report provides an in-depth and detailed analysis of market structure, market trends, market forces, end-users, product types, geographical landscape, and the major industrial players/vendors. In most analysis, historical statistics together with market outlook cover the 2014-2022 period in terms of unit shipment as well as sales revenue.
Qualitative market analyses include identification and discussion of market structure, market overview, 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).
Worldwide end-users of industrial robots for electrical & electronics industry compose of Electronic Components, Telecommunication Devices, Electrical & Electronics Equipment, and other products such as computers and office instrument. Production of Electronic Components is identified as the largest consumer and has been so far attracting the majority of new installations.
By product type, the market is segmented into articulated robots, Cartesian robots, SCARA robots, and other robots (cylindrical robots, polar robots, delta robots, parallel robots, etc.). Articulated robotics segment gains nearly half of the total shipments in electrical & electronics manufacturing and are replacing other types of industrial robots.
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Geographically, the global market is divided into North America, Europe, Asia-Pacific region, Latin America and the rest of world (RoW). Specific analysis and forecast over 2014-2022 have been covered for important national markets such as U.S., China, Japan, Germany, South Korea, and Mexico. Asia-Pacific region dominates the global industrial robots market for electrical & electronics manufacture 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 market with China and Southeast Asian countries expected to be the driving engines for the growth.
Current competitive scenario and profiles of major vendors are also included. The market data and forecast trends are highlighted by 4 tables and 62 figures in this 134-page report.
This comprehensive report from GMD provides valuable information and the tools needed to successfully derive critical business decisions with a thorough understanding of the market's emerging trends. This guide also saves clients a lot of research time on a global market and offers significant assistances in identifying and expanding business opportunities in the global industry.
Key Players:
ABB Ltd.
Fanuc Corp.
Kuka AG
Yaskawa Electric Corp.
Adept Technology Inc.
Apex Automation and Robotics
Aurotek
Axium
Kawasaki Robotics
Toshiba Machine
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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