India Industrial Robotics Market

1. India Industrial Robotics Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of 13 % during the forecast period. Market Definition: Industrial robots are machines used inside industrial units for performing various manufacturing procedures like painting, packaging, welding, palletizing, labeling, product inspection, and testing. Asian Ocean is the largest producer and employer of industrial robots in the world with a major XX% share in 2018, because of the booming automotive industry in developing economies like India, Japan, and China. Indian Industry: Indian industry is rapidly moving towards automation for growing production volume, accuracy, and safety. To build up the industrial automation for increasing the product supply and domestic manufacturing. Market Dynamics: India needs to expand its manufacturing industry to create more job opportunities. Higher wages and the increasing major share of rich citizens in India are the main drivers of a growing and promising market for the consumer. The automotive market remains the largest consumer market by far, with a share of X4% of total installations. But the strongest growth driver in 2019 was the general industry, increasing by X8%, containing the plastics and rubber industry, the metal industry and the electrical or electronics industry. The report contains a detailed list of factors that will drive and restrain the growth of the India Industrial Robotics Market. Lack of Skilled Workforce and High Labor Cost

2. The lack of a skilled workforce and high labor costs drive the adoption of industrial robotics in most of the industries in India. Various organizations have implemented industrial robotics solutions to decrease their labor costs and improve efficiency. However the initial cost of procuring a robot is high, once implemented its proposals efficiency, high productivity, and profits. Indian sales for industrial robotics market in 2018-2019: Sales of Indian industrial robots reached a new record of 4,771 new units installed in 2018. That is an increase of 3X% compared to the previous year. India now ranks 11th worldwide in terms of yearly installations. In 2017, India ranked number 14 in terms of the worldwide annual supply, immediately behind Spain & Thailand. As far as the operational stock is worried, India ranked thirteenth after Sapin, Canada, and Singapore. Market Segmentation: The report covers the segments in the Indian industrial robotics market such as type and industry. Based on type, the articulated robot segment is dominating the industrial robotics market and valued around US$ XX Mn in 2019. Articulated robot types are widely used in India. Articulated robots account for more than 50% of the units being sold yearly. The robots have various from simple toe-joined structure to systems with more than 10 interactive joints. Articulated robots have long reached, high speed and larger working cover. These robots allow a high level of functionality and are the most generally used robots in next-generation robotics. These robots are used in applications such as pick and place tasks, thread fastening, soldering, handling jobs, and other similar tasks requiring fast and exact automation. Indian Government: The Indian government, private and public sector industries are promoting robotics startups. Lately, in 2018, the Kerala government joined hands with Genrobotics (robotics startup) to use a spider-shaped robot named Bandicoot for cleaning sewers and manholes in the city. On-Going Developments: The reports cover key developments in the content India Industrial Robotics Market as organic and inorganic growth strategies. Various Indian companies are focusing on organic growth strategies such as product launches, product approvals and others like patents and events. In July 2019, Lockheed Martin (U.S. based Aerospace and Defense Company) signed Memorandums of Understanding (MoUs) with three startups companies from India -- Terrero Sastra Robotics, Mobility, and NoPo Nanotechnologies. The startups will incorporate with Lockheed Martin’s supply chain, and donate to the evolution of both the Indian and worldwide aerospace and defense industry.

3. The objective of the report is to present comprehensive analysis of India Industrial Robotics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding India Industrial Robotics Market dynamics, structure by analyzing the market segments, and project the India Industrial Robotics Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the India Industrial Robotics Market make the report investor’s guide. For a more information@: https://www.maximizemarketresearch.com/market-report/india- industrial-robotics-market/51662/ Scope of the India Industrial Robotics Market India Industrial Robotics Market, by Type •Traditional Industrial Robots Articulated Robots SCARA Robots Parallel Robots Cartesian Robots Others •Collaborative Industrial Robots India Industrial Robotics Market, by Industry •Automotive •Electrical and Electronics •Plastics, Rubber, and Chemicals •Metals and Machinery •Food and Beverages •Precision Engineering and Optics •Pharmaceuticals and Cosmetics •Others Key players operating India Industrial Robotics Market •Yaskawa •KUKA Robotics •Hyundai •ABB

4. •Kawasaki •Wittmann •Star Automation •GreyOrange •PARI •FANUC INDIA •Systemantics •Hi-Tech Robotic Systemz •Gridbots •Sastra Robotics •DiFACTO Robotics •ASIMOV Robotics For More Information Visit @: https://www.maximizemarketresearch.com/market-report/india- industrial-robotics-market/51662/ This Report Is Submitted By: Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com

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