In a recent report, the technology research and consulting firm Technavio highlighted significant growth in the global heavy industry robot market. By 2020, the market is projected to surpass $2 billion, with a compound annual growth rate (CAGR) of 6% during the forecast period. Within this sector, the metal processing machinery market is expected to exceed $690 million, also growing at a CAGR of over 6%.
The metal processing machinery segment includes traditional machine tools and computer numerical control (CNC) machines. As demand for these tools increases in countries like China, Germany, and Japan, CNC machines are playing a key role in automation. These machines are often integrated with industrial robots, particularly in material handling and assembly tasks, enhancing efficiency and precision.
“Industry players are increasingly exploring collaborative robot models to streamline operations,†said Bharath Kanniappan, principal analyst for robotics at Technavio. “Robots offer higher accuracy and faster performance compared to manual feeding, making them an essential part of modern manufacturing. With more robot manufacturers entering the market, tailored solutions for various industries are becoming available, which is likely to drive further growth.â€
Looking at construction machinery, the global market is expected to reach $600 million by 2020, growing at a CAGR of over 7%. This growth is fueled by global economic expansion, rapid industrialization, and urbanization, especially in APEC nations and the Middle East. The rise of the middle class and population growth have also boosted demand for residential construction, increasing the need for construction equipment.
To meet rising demand, manufacturers are expanding production capacity while managing costs associated with raw material price hikes and labor expenses. This creates opportunities for robot manufacturers to promote the benefits of automation and improve robotic integration in construction processes.
In addition, other heavy machinery segments, such as textile, food and beverage, paper, and consumer durables production equipment, are also seeing strong growth. By 2020, this market is expected to reach $1 billion, with a CAGR above 5%. Companies are turning to robots to address labor shortages, high operational costs, and the need for increased productivity.
“Advancements in technology have led to the development of collaborative robots, which are safer and more efficient when working alongside humans,†Bharath added. “These robots are especially valuable in assembly processes, and APEC countries are expected to be the largest market due to their strong industrial presence.â€
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