Pune, Dec. 12, 2019 (GLOBE NEWSWIRE) -- The global Gantry Industrial Robots Market size is expected to reach USD 4.64 billion by 2026, exhibiting a CAGR of 8.9% during the forecast period. One of the factors encouraging the growth of the market is the ongoing automation in industries and production processes. The rapid improvement in production and delivery with the help of industrial robots will fuel demand among industries. In addition, increasing operational applications of gantry robots due to their advantages in the manufacturing process and material handling for many industries will further create opportunities for the market.
As per the report, published by Fortune Business Insights, titled “Gantry Industrial Robots Market Size, Share & Industry Analysis, By Type (1-Axis, 2-Axis, 3-Axis, 4-Axis, & Others), By Application (Handling, Palletizing, Welding & Others), By Industry (Packaging, Automotive, Pharmaceuticals, Food & Beverage, Semiconductors & Electronics, Heavy Engineering Machinery, Aerospace & Railway, & Others), and Regional Forecast, 2019-2026” the market stood at USD 2.34 billion in 2018. The report focuses on all the parts and structures of the global Gantry Industrial Robots Market. It offers superior insights and provides accurate data about all the prevailing trends of the market. It is contained after insightful analysis and highly indulging research to aid key players, financers, stakeholders, potential investors, and backers. The report provides a brief overview of the competitors and companies operating the market. The study involves market drivers, market restraints, recent trends, new developments, product launches, and acquisitions & mergers.
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Persistent Innovations in Industry Automation to Spur Demand for Gantry Robots
The growing demand for customized products at competitive prices has prompted the production and delivery process. This escalated the adoption of the automated production process. Automation allows manufacturers to retain and relocate production in established economies without sacrificing on the cost. Automation in manufacturing process surges the consistency of production with more precision & accuracy. Furthermore, the combination of intelligent systems in automation has made the production process easy. This has reduced and improved the complexity and control of machines. In addition, localization and regionalization of the manufacturing process has resulted in the demand for gantry robots, which, in turn, will boost the Gantry Industrial Robots Market trends
Robust Expansion of the Automotive Industry to offer Lucrative Business
The Gantry Industrial Robots Market by industry is segmented into packaging, automotive, pharmaceuticals, food & beverage, semiconductors & electronics, heavy engineering machinery, aerospace & railway, and others. The increasing demand for robots in the automotive industry owing to the requirement of automation solutions to manufacture vehicles will bode well for the Gantry Industrial Robots Market growth. The intensifying manufacturing of hybrid and electric cars is predicted to create huge growth opportunities for the market. Furthermore, the semiconductors & electronics segment is expected to witness significant growth in the foreseeable future owing to the rising production & demand of electronic components & integrated chips. In addition, packaging, heavy engineering machinery along with the food & beverage industry is projected to experience substantial growth during the forecast period owing to the enhancement and development of the linear industrial robots.
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Acquisition of Life Robotics by FANUC CORPORATION to Impetus Development
FANUC CORPORATION, a group of companies that provide automation products and services such as robotics and computer numerical control wireless systems announced the acquisition of Life Robotics, a manufacturer of collaborative robots. The companies revealed that the new strategic development was the first acquisition in 15 years. Fanuc objective is to expand its lineup of collaborative robots to meet growing demand. The acquisition will cater to the demand for cartesian industrial robots and subsequently accelerate the growth of the market.
List of the Major Companies Operating in the Gantry Industrial Robots Market are:
- Yamaha Motor Co., Ltd.
- TOSHIBA MACHINE CO., Ltd.
- Liebherr
- ABB Ltd.
- Kuka AG
- FANUC CORPORATION
- PARKER HANNIFIN CORP
- Sage Automation Inc.
- Bosch Rexroth AG
- Gudel Group AG
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Table of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global Gantry Industrial Robots Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By Type (Value)
- 1-Axis
- 2-Axis
- 3-Axis
- 4-Axis
- Others (6 Axis)
- Market Sizing Estimations and Forecasts – By Application (Value)
- Handling
- Palletizing
- Welding
- Others (Dispensing)
- Market Sizing Estimations and Forecasts – By Industry (Value)
- Packaging
- Automotive
- Pharmaceuticals
- Food & Beverage
- Semiconductors & Electronics
- Heavy Engineering Machinery
- Aerospace & Railway
- Others (Plastic Industry, etc.)
- Market Analysis, Insights and Forecast – By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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