Foundry and Forging Robots Market Share, Size, Analysis and Forecast

Technavio Announces the Publication of its Research Report Global Foundry and Forging Robots Market 2016-2020

Technavio recognizes the following companies as the key players in the global foundry and forging robots market: ABB, FANUC, KUKA, OMRON Adept Technologies, and Yaskawa Electric.
Other Prominent Vendors in the market are: Alfa Robot, Arburg, Engel, Epson Robotics, Hans Hundegger, Harmo, iRobot, Kawasaki Heavy Industries, Nachi-Fujikoshi, Sepro Robotique, Staubli Robotics, TecnoMatic Robots, Wittman, and Yamaha Robotics.
Commenting on the report, an analyst from Technavio’s team said: “Demand for multipurpose robotic systems will be a key trend for the growth of global industrial robots market. The requirement and demand of multipurpose robots can improve the future of the global industrial robots market. At present, end-users are seeking efficient devices that can execute numerous variable functions. A multipurpose robot in an industrial setting should be capable of welding, machine tending, assembling, packaging, dispensing, material handling, and material removing, which are essential for the company. End-users are also widely adopting inspection robots that can perform error-proofing and regulate assembly process. The deployment of multipurpose robots improves production, reduces overall expenditure, and ensures efficiency.”

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According to the report, one of the key drivers for market growth will be launching EU initiatives. Horizon 2020, launched in December 2013, is the largest EU research and innovation program, which is worth $88.68 billion. The investment is made by European leaders and the members of the European Parliament for seven years (2014-2020). Robotics has been acknowledged as the key resources that can secure an edge over the global market.
Further, the report states that high competition from metal...