In a recent published report, Kenneth Research has updated the Cylindrical Industrial Robots Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cylindrical Industrial Robots Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017
As a rare type of industrial robots, Cylindrical robots are facing increasing competition and substitution thread from other types of industrial robots such as articulated robots, Cartesian robots, and SCARA robots which are much more prevalent in the industrial applications. The global Cylindrical robots market is expected to see a very mild growth over the forecasting 2016-2021 period. Unless the technological advancements creates new applications or more efficient cylindrical robots, the share of cylindrical robots in overall industrial robots market will likely be declining continuously.
Cylindrical Industrial Robots: Global Market 2016-2021 examines the worldwide market of Cylindrical robots through a comprehensive review and analysis of reliable information sources. This report provides an in-depth and detailed analysis of market structure, the major industrial players/vendors, end-users, geographical landscape, and market forces. In most cases, historical statistics together with market outlook cover the 2014-2021 period.
Qualitative market analyses include identification and discussion of market structure, growth drivers, restraints and challenges, emerging market trends/opportunities, Porter’s Fiver Forces as well as M&A landscape and fundraising trend (IPO and VCI).
Worldwide Cylindrical robot markets by end-user include applications of Cylindrical robots in Automotive Industry, Electrical and Electronics Industry, Metal, Machinery, Plastics & Chemicals, Food & Beverage, and other industrial sectors (Pharmaceutical, Cosmetics, Precision, Optics, etc.). Each end-user market is analyzed and forecast in terms of unit shipment and annual revenue for 2014-2021 duration. Automotive and electrical/electronics manufacture have obtained the majority of new Cylindrical robots installations, while applications in food & beverage and other non-specified industries will see the fastest growth during the forecasting period.
By region, the global Cylindrical robots markets are segmented into North America, Europe, Asia Pacific region, Latin America and the rest of world (RoW). Market size and forecast in terms of unit shipment and annual revenue are included for each regional market for 2014-2021 period. This report also provides detailed analysis and forecast for Cylindrical robots market in important countries such as U.S., China, Japan, Germany, South Korea, and Mexico over the 2014-2021 duration. Asia-Pacific region remains the largest Cylindrical robots market, and holds the strongest growth potential for the future Cylindrical robots market driven by the fast-growing markets in China and Southeast Asian countries. Europe and North America are also important regions in global Cylindrical robots market driven by the industrial automation as well as technological innovations. Latin America and RoW only account for a small fraction of the whole pie.
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Additionally, current competitive scenario among major Cylindrical robots vendors are included. The global leading providers of Cylindrical robots are studied and profiled. The market data and forecast trends in the report are highlighted by 2 tables and 51 figures.
Yaskawa Electric Corp.
Adept Technology Inc.
Mitsubishi Electric Corp.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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