HOME Research Insight FANUC Corporation (Japan) and ABB Ltd. (Switzerland) are the Top 2 Players in the Industrial Robotics Market

FANUC Corporation (Japan) and ABB Ltd. (Switzerland) are the Top 2 Players in the Industrial Robotics Market

The industrial robotics market has witnessed enormous developments in the past few years. APAC is expected to capture the largest market share in 2017, followed by Europe. Also, the market in APAC is expected to grow at a significant rate between 2017 and 2023. Hence, these are the major regions wherein industrial robotic systems are expected to witness maximum growth. This is because of the low cost of production, enabling various manufacturers to set up their manufacturing units in APAC, especially in countries such as China, Korea, and India. The industrial robotics market is highly competitive with a number of big and small players.

As of 2016, the industrial robotics market was dominated by FANUC Corporation (Japan), ABB Ltd. (Switzerland), Yaskawa Electric Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), KUKA AG (Germany), and DENSO CORPORATION (Japan). Product launches and expansions were the prominent strategies adopted by top players to capture a larger share of the industrial robotics market.

Top 2 players in the industrial robotics market:

FANUC Corporation has strengthened its united efforts to attain stability and prosperity in its business as well as deepen the trust of customers in its products and services. It implements its slogan of “Reliable/Predictable/Easy to Repair” in product development to reduce the downtime of its customers and improve operability. In the face of the slow recovery of the Chinese, Japanese, and European markets, FANUC has come up with the strategy of establishing business divisions for each product line consisting of factory automation (FA), robots, and RoboMachines. FANUC has been consistently focusing on R&D to maintain its competitive edge. In 2015, it introduced new products such as CR-35Ia, M 710iC/12L, and M-710iC/45M. FANUC continues to enhance its productivity in manufacturing through robotization-i.e., it manufactures all of its products in highly automated factories. The company focuses on collaborations as the main business strategy. For instance, in October 2016, FANUC Corporation collaborated with NVIDIA Corporation (US) to implement artificial intelligence (AI) on the FIELD system to increase robotics productivity and bring new capabilities to automated factories worldwide.

ABB’s business prospects are promising owing to the major shifts taking place in industrial automation. Owing to the development in communications technology, processing power, and new sensors, ABB is capable of remotely controlling offshore oil and gas platforms, that is, directing service operations for thousands of robots around the globe from a single location. ABB is focusing on a new era of industrial automation and looking forward to holistic growth. Globally increasing awareness toward quality and safety of the manufacturing units in the industries and the growing demand for industrial automation solutions to improve efficiency and productivity are the key factors expected to propel the growth of the company in the industrial robotics market. The company focuses on strategic acquisitions as the main business strategy. For instance, in April 2017, ABB announced that it will acquire Bernecker + Rainer Industrie-Elektronik GmbH (Austria) to strengthen ABB’s offerings for machine and factory automation applications.

Related Reports:

Industrial Robotics Market by Type (Articulated, Cartesian, SCARA, Parallel, Collaborative Robots), Industry (Automotive, Electrical & Electronics, Metals & Machinery, Pharmaceuticals & Cosmetics), and Geography - Global Forecast to 2023

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