Global Robot Machine Tools Market 2016-2020

Overview of the robot machine tools market

Technavio’s market research analyst have predicted that the global robot machine tools market will grow steadily at a moderate CAGR of more than 5% over the forecast period. The growing need to improve operational efficiency and flexibility is one of the key factors driving the growth this market globally. Rapid industrial development in emerging economies and developed nations has led to an augmented demand for skilled labor, increasing the average labor costs. Moreover, by 2050, there is going to be a significant decline in the working-age population, particularly in industrial nations such as China, Germany, Japan, and France, due to an increase in birth rate and a declining mortality rate. Also, the lack of skilled labor across many industries has prompted manufacturers worldwide to adopt robotics in industrial applications, thereby reducing the dependence of manual labor. Furthermore, robots are adept at multitasking and can execute repetitive tasks with absolute precision, tirelessly. Therefore, robot machine tools are mostly deployed in accident-prone areas and in manufacturing plants that require their employees to work round-the-clock to meet the global standards. Robot machine tools can operate tirelessly with the same level of precision leading to enhanced productivity and decrease in overall manufacturing costs, thereby spurring the growth prospects of this market in the coming years.

In this industry research report, the analysts have estimated factors such as the growing demand for multipurpose robotic systems to contribute to the growth of this market until the end of 2020. With end users seeking efficient devices that can execute multiple tasks efficiently. In an industrial setting, a multipurpose robot is capable of handling many tasks like welding, machine tending, assembling, packaging, dispensing, material handling, and material moving, making it indispensable for the company. Moreover, end users are also adopting industrial robots that can perform error proofing and regulate the assembly process. Therefore, the deployment of multipurpose robots in industries improves the production and efficient and reduces overall expenditure, which will aid in the growth of this market during the predicted period.

Segmentation by end user and analysis of the robot machine tools market

• Automotive
• Non-automotive