Technology research and consulting firm Technavio released the latest market research report: By 2020, the global heavy industry robot market is expected to exceed $2 billion, with a compound annual growth rate of 6% in the forecast phase. The market size of metal processing machinery is expected to exceed US$690 million, with a compound annual growth rate of over 6%.
The metal processing machinery part includes machine tools, and the machine tools have evolved into traditional machine tools and computer numerically controlled machine tools (CNC). The demand for machine tools in China, Germany and Japan continues to increase. Computer numerically controlled machine tools play an important role in the field of automation. All these parts are assembled with industrial robots, especially material handling and assembly robots.
“In order to complete the work smoothly and efficiently, the whole industry is experimenting with the mode of robot cooperation. Compared with the manual feeding of the machine tool, the robot can complete the task with high precision and high quality in a shorter time. With the development of various types of robot manufacturers Robots to meet the needs of different industries, which is likely to promote market growth," said Bharath Kanniappan, principal analyst for the robotics field at Technavio.
Global Industrial Robot Construction Machinery
By 2020, the market size of construction machinery is expected to reach 600 million US dollars, with a compound annual growth rate of more than 7%. Global economic growth, rapid industrial growth, and urbanization have all contributed to the construction of infrastructure projects and global commercial complexes, particularly in the Asia-Pacific Economic Cooperation (APEC) countries and the Middle East. Moreover, the rise of the middle class and the growth of the global population have led to an increase in the demand for residential housing construction, which has increased the demand for construction machinery.
As a result, construction machinery manufacturers increase production capacity, cater to demand, and reduce operating costs caused by rising raw material prices and labor cost increases, which provides opportunities for robot manufacturers to promote the benefits of using robots and improve robot production. The usage rate in the process.
Other heavy machinery parts of industrial robots
By 2020, the market size of other heavy machinery parts is expected to reach 1 billion US dollars, with a compound annual growth rate of more than 5%. Other heavy machinery parts include construction machinery, textile machinery, food and beverage machinery (F&BMachinery), paper machinery and consumer durables production machinery. The lack of skilled workers, the high cost and the need to increase productivity have led companies to choose robots to solve production problems.
“The rapid development of technology has spawned collaborative robots. These advanced robots are safer to operate and can work with humans. It is in the assembly process, and APEC countries are expected to become the largest market for such industrial robots because these industries are in APEC. The organization country is deeply rooted," Bharath said.
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