The Global Industrial Robotics Market in the Food and Beverage Industry to Grow At A CAGR Of 5.5 Percent over the Period 2012-2016
Dublin, Oct. 17, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/l486r3/global_industrial) has announced the addition of the "Global Industrial Robotics Market in Food and Beverage Industry 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the need to increase productivity. The market has also been witnessing the emergence of next-generation industrial robots. However, a continuous decline in the vendors' profit margin could pose a challenge to the growth of the market.
The key vendors dominating this market space include ABB Ltd., Denso Wave Inc., Fanuc Corp., KUKA AG, Seiko Epson Corp., Toshiba Machine Co. Ltd. and Yaskawa Electric Corp.
The other vendors mentioned in this report are Adept Technology Inc., iRobot Corp., Kawasaki Robotics Inc., Omron Corp., Rockwell Automation Inc., STAUBLI Corp., ST Robotics, and Yamaha Robotics.
Commenting on the report, an analyst from Engineering team said: Several market vendors are in the process of developing advanced robotic systems with more features and functionalities, such as artificial intelligence, to maintain their position in the competitive business environment. The inclusion of artificial intelligence in independent robotic systems improves their efficiency and reduces production errors, thereby increasing their performance capabilities. Therefore, the emergence of next-generation industrial robots is expected to drive the growth of the market during the forecast period.
According to the report, one of the main drivers in this market is the need for increased productivity in the manufacturing process. Industrial robots can aid in this requirement as they can perform tasks consistently and with high precision throughout the production process.
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