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Global Industrial Robotic Motors Market: Overview

The global industrial robotic motors market is likely to experience considerable expansion during the period of assessment, from 2019 to 2027. In the automobile industry, industrial robots are able to lift high payload with ease and more efficiently than human beings. Industrial robots find extensive use in automotive industry and the same is likely to expand over the years to come.

In addition to that, the need for diminished accidents at work, better work environment, safety of employees, and augmented output are across industries are likely to drive the demand for industrial robots in forthcoming years.

In a bid to offer a detailed view on the global industrial robotic motors market, the market has used the parameters of robot type, motor type, fit type, and region for segmentations.

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Global Industrial Robotic Motors Market: Notable Developments

The following developments reveal some of the changing dynamics of the global industrial robotic motors market over the last few years:

  • In May 2018, South Korea based Hyundai Heavy Industries entered into a partnership for strategic sales agreement with KUKA, Germany based makers of industrial robots. It is anticipated that the partnership that this partnership with widen the existing product portfolio of Hyundai Robotics and open up new growth prospects for its industrial robots manufacturing business.
  • In April 2018, Fanuc Corporation came up with a novel artificial intelligence (AI) feed forward function, which integrates deep learning into its products like ROBOMACHINE, ROBOT, and FA. In collaboration with Tokyo-based Preferred Networks, Inc., Fanuc Corporation achieved this feat.
  • In March 2018, Yaskawa Electric Corporation entered into an association with Tokyo-based XCompass Ltd.  for formation of new subsidiary that would mainly work for the research and development of artificial intelligence (AI) solutions. This alliance is likely to offer new vistas for the development of AI-empowered industrial robotic motors

Some of the leading market vendors of the global industrial robotic motors market are as mentioned below:

  • Mitsubishi Electric Corporation
  • Panasonic Corporation
  • Yaskawa Electric Corporation
  • Fanuc Corporation
  • Omron Adept Technologies, Inc.
  • Toshiba Machine Co., Ltd

Global Industrial Robotic Motors Market: Key Trends

The following drivers and trends are expected to define the global industrial robotic motors market during the assessment timeframe.

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Increased Cost of Manual Labor to Augment to Bolster Demand in the Market

Employment of manual labor leads to incurring of high cost, which adds to the increased cost of production. Additionally, offering of benefits to employees like paid leaves, promotions, yearly pay hikes, and health insurance are often a matter of inconvenience for many of the companies. Deployment of industrial robots eliminates all of these inconveniences, thereby are likely to offer copious growth opportunities to the global industrial robotic motors market.

Besides, companies also incur considerable cost imparting regular training to employees. Workers also cannot accomplish tasks when adverse work conditions prevail. Repetitive tasks lead to lower level of satisfaction occurs among the workers. Industrial robotic motors do not suffer from any of these, which is likely to encourage growth of the global industrial robotic motors market during the assessment timeframe.

Injury at workplace is a common issue that affects numerous workers across the globe every year. In addition to being a health burden, it also costs in billions to businesses worldwide. Automation of installation of industrial robotic motors can help in reducing the number of accidents and saves businesses from the high cost that is associated with such accidents.

Industrial robotic motors give high return on investment (ROI) to the market players and it is spread over a longer time period, thereby encouraging growth of market. The initial investment in industrial robotic motors is high, however the high ROI over the years compensates for the high cost that is incurred in the beginning.

Installation cost and initial training follow initial high cost, which adds to the cost. Besides, add-on peripherals like teach pendants, controllers, end-of-arm tooling (EOAT), and various recurring costs increases the cost of deployment of these robotic motors considerably. Adoption of such high-end devices becomes unfeasible for the companies with limited resources.

Global Industrial Robotic Motors Market: Geographical Analysis

Latin America, Asia-Pacific, Middle East and Africa, Europe, and North America comprise the major regions of the global industrial robotic motors market.

A gradual rise in the wages of laborers in countries like Germany, the U.S, and the U.K. has escalated the demand for industrial robotic motors in North America and Europe. Additionally, increased utilization of cloud-base robots, AI-powered robotic motors, and collaborative robots at industrial levels are likely to boost the global industrial robotic motors market in forthcoming years. In the U.S. deployment of industrial robotic motors for hazardous tasks like welding manifests the growing emphasis on workers’ safety.

Deployment of industrial robotic motors is gaining momentum in Asia Pacific with countries like India, China, Japan, and Malaysia driving the automation revolution in the region. Governments of these countries are supporting the initiatives that boost uptake of these robotic motors. A case in point is the government of Japan who has been developing and funding new robotic strategies. These strategies are encouraging small and medium enterprises (SMEs) to adopt new technologies of manufacturing.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Industrial Robotic Motors Market

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