Global Robotics Market in the Textile Industry – Demand From APAC to Boost Growth | Technavio

15-Dec-2017 Intellasia | BusinessWire | 4:23 AM Print This Post

LONDON–(BUSINESS WIRE)–#IndustrialAutomation–The latest market research report by Technavio
on the global
robotics market in the textile industry
predicts an
impressive CAGR of around 22% during the period 2017-2021.


The report segments the global robotics market in the textile industry
by application (logistics and transportation, material handling, and
sewing) and by geography (the Americas, EMEA, and APAC). It provides a
detailed illustration of the major factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

Here are some key findings of the global robotics market in the
textile industry, according to Technavio
industrial
automation
researchers:

  • Rise in adoption of robots in China: a major market driver
  • In 2016, the logistics and transportation applications segment
    dominated the market by occupying over 49% share
  • APAC dominated the global robotics market in the textile industry with
    over 64% share in 2016
  • ABB, Dematic Egemin, Neuenhauser Maschinenbau, Sewbo, SoftWear
    Automation, and Universal Robots are the leading players in the market

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Rise in adoption of robots in China: a major market driver

Rise in adoption of robots in China is one of the major factors driving
the global robotics
market in the textile industry
. The government of China has created
a favorable environment for robotics with policies, such as investment
credits to endorse the sales of indigenous industrial robots and
co-bots, leading to rapid growth of local vendors. As per the Made in
China 2025 policy, the Chinese government designated robotics including
co-bots and other automated machines as one of the 10 priority sectors
for investment and growth, with emphasis on regional manufacturing.

According to Raghav Bharadwaj Shivaswamy, a lead analyst at Technavio
for research on robotics,
“China has adopted industrial robots and co-bots for multiple
applications on a large scale to address issues of growing labor costs
and inflation. It is expected that China will have the highest number of
working robots in its manufacturing sector over the forecast period.”

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

APAC: largest robotics market in the textile industry

Technavio researchers anticipate high growth for the global robotics
market in the textile industry
in APAC. Countries such as Japan,
China, and India are predominantly the major markets for the robotics
market in the textile industry in APAC. The region serves as an
important base for operations of leading robot manufacturers including
ABB and KUKA. APAC serves as a base for clusters of system integrators.
The region has been instrumental in providing system solutions using
robots made in Europe and Japan. Favorable government legislations and
investments have boosted the development of infrastructure and related
industries such as robots and sensors. This has propelled the growth of
the manufacturing industry in APAC.

Competitive vendor landscape

The global robotics market in the textile industry is characterized by
the presence of several established international industrial robot and
AGV vendors such as ABB, Dematic Egemin, Neuenhauser Maschinenbau,
Sewbo, SoftWear Automation, and Universal Robots. They generate revenue
through both direct to end-users and indirect sales through value-added
resellers, distributors, system integrators, and developers. The
competition between vendors has been intense in terms of product
features, price, customized solutions, and services offered. The
forecast period will see established vendors focusing on geographical
expansion, increasing production capacities, and launching new products
to cater to industrial robot manufacturers.

Get a sample copy of the global
robotics market in the textile industry
report free of cost

Access Technavio’s continuously growing robotics
research library and find expert analysis on hundreds of markets.

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

 


Category: BusinessWire, PRAsia

Print This Post

Comments are closed.