Industrial Robotics Market in the US 2016-2020

This market research study presents a detailed segmentation of the industrial robotics market in the US by application (material handling, welding, assembly, and painting), by product (articulated, cartesian, and SCARA), and by end-user (automotive, industrial machinery, food and beverage, electronics and semiconductor, pharmaceuticals, and plastic and rubber). The key vendors identified in this market are ABB, Adept Technology, FANUC, KUKA, Yaskawa Electric, and Competition Financials. 

Outlook of the industrial robotics market in the US

Technavio’s market research analysts have predicted the industrial robotics market in the US to grow stupendously at an impressive CAGR of more than 12% over the forecast period. Factors such as the reduction in time-to-market of industrial products will propel the growth prospects of this market in coming years. End-users in the US expect short delivery windows for their products. Industrial robots reduce the time-to-market of a product by significantly decreasing the manufacturing and assembling time. Moreover, these robots ensure that the products are of superior quality by eliminating the errors in the manufacturing process. They also improve the speed of the manufacturing process by integrating the various steps involved in the process.

In this industry report, analysts have estimated eminent factors like the rising trend of bot-sourcing to impel the growth prospects of this market until the end of 2020. With the rise in off-shore manufacturing costs, the companies in the US are increasingly shifting their operations to their home country by incorporating robotics and artificial intelligence. Therefore, these companies are looking at automating the process instead of outsourcing to countries where labor is less expensive. While a full-time offshore employee costs 65% less than an on-shore worker, deploying a robot can be up to 90% cheaper. Therefore, a significant chunk of easy-to-automate work in manufacturing companies in the US will be reshored and taken over by industrial robots, thereby propelling the growth of this market until the end of 2020. 

Segmentation by application and analysis of the industrial robotics market

• Material handling
• Welding
• Painting
• Assembly/disassembly