Need For Increased Automation will Drive Growth in Market for Industrial Robotics According to Latest ARC Research
Industry: Information Technology
New ARC research on the industrial robotics market reveals that, in addition to the labor-related cost savings (once payback has been achieved), industrial robots can improve cycle times, reduce down time due to shift changes, and reduce the inevitable human errors. Increased use of industrial robots can also help protect human workers from transmitting COVID-19 or other pathogens within the workplace.
Dedham, MA (PRUnderground) May 8th, 2020
New ARC Advisory Group research on the Industrial Robotics market reveals that as wages continue to rise in many previously low-wage manufacturing regions and more users recognize the benefits of automation, countries with a low automation rate will increasingly seek to replace manual labor with industrial robots. This will apply across a wide swath of manufacturing sectors from automotive to electronics to food & beverages. ARC research indicates that, in addition to the labor-related cost savings (once payback has been achieved), industrial robots can improve cycle times, reduce down time due to shift changes, and reduce the inevitable human errors. And, of course, increased use of industrial robots can also help protect human workers from transmitting COVID-19 or other pathogens within the workplace.
“The pressing need to reduce labor and labor-related costs while simultaneously increasing product quality is the main driver for increasing the use of robots and automation in general along the whole value chain of manufacturing industries. Hard lessons learned from the current COVID-19 pandemic further drive home the need for increased use of robotics and other automation in manufacturing,” according to Fabian Wanke, Industry Analyst at ARC Advisory Group and key author of ARC’s Industrial Robotics Global Market Research report.
About the Industrial Robotics Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the industrial robotics market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by robot type, region, industry, application type, and sales channel.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.
About ARC Advisory Group
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure, and cities. ARC stands apart due to our in-depth coverage of both operational technologies (OT) and engineering technologies (ET) and associated business trends. Our analysts and consultants have the industry knowledge and the first-hand experience to help our clients find the best answers to the complex business issues facing organizations today. We provide our technology supplier clients with strategic market research, and help our end user clients develop appropriate adoption strategies and select the best technology solutions for their needs.