Robotic Injection Molding Machine Market 2019:Global Industry Size & Share -2023

Posted by sarahbennu on August 19th, 2019

Global robotic injection molding machines market size is forecast to grow by USD 662.89 million during 2019-2023 at a CAGR of 7%, with automotive segment having the largest market share. Robotic injection molding machines market analysis indicates growth will be driven by technological innovations in injection molding robots. Robotic injection molding machines industry growth will also be impacted by increased use of cobots in the injection molding process.

A key driver for the global robotic injection molding machines market is the improvement in sensors for robots. The sensor technology is being improved with high accuracy and sensitivity. For instance, cobots use sensors, which detect the position of the manufactured object as well as the workers. The manufacturers of sensors have been offering new sensor lines to cater to the requirements of robot manufacturers. For instance, ATI Industrial Automation introduced Axia80 in 2017, which is a new offering in its Force/Torque Sensor product line.

This global robotic injection molding machines market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

In this report, Technavio highlights the increased use of cobots in the injection molding process as one of the key trends in the global robotic injection molding machines market:

Global robotic injection molding machines market: Increased use of cobots in the injection molding process

Owing to the advances in robotic technologies, the use of cobots in different industrial processes has been increasing. The use of cobots in injection molding processes is growing as they are inexpensive and can perform various tasks. They help in the manufacturing process, complement manual labor in the production process, and work in collaboration with humans and use specialized sensors and robot controllers for operations.

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Global robotic injection molding machines market: Segmentation analysis

This robotic injection molding machines market analysis report segments the market by end-user (automotive, packaging, consumer goods, E&T, medical devices, and others) and geography (the Americas, APAC, and EMEA).

The automotive segment held the largest robotic injection molding machines market share in 2018, accounting for nearly 32% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2018 with approximately 46% of the market share, followed by EMEA and the Americas respectively. EMEA is expected to dominate the market throughout the period 2019-2023.

Some of the key topics covered in the report include:           

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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sarahbennu

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sarahbennu
Joined: July 1st, 2019
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