Kuwait Vehicle Leasing Market Growth will be Led by Growth in End User Industries and Surging Competition Among Players: Ken Research

Rising corporate travel activity, growth in end user industries and increasing importance of workforce mobility will be the major growth drivers of Kuwait vehicle leasing market in the coming years.

Kuwait vehicle leasing industry is relatively concentrated among the top 5 players in the industry during 2018. In terms of revenue, the Kuwait vehicle leasing market grew robustly from the previous year majorly owing to growth in Oil and Gas and logistics & transportation sector. The vehicle leasing market has grown over the years with the growth in the number of players in the industry backed up with increasing preference for leasing a vehicle rather than owing the fleet by companies. The growing number of small and large businesses in the construction and logistics sector in the country has also surged the demand for long term vehicle leasing services in Kuwait.

The report titled “Kuwait Vehicle Leasing Market Outlook to 2023- By Type of Vehicle (SUV/MUV, Sedan, Pickups and Luxury Segment) and By End Users (Oil & Gas, Government, Construction, Logistics and Transportation, Telecom and Electrical and Others)”  by Ken Research suggested that better value added services, shorter delivery period, lower annual payments, wide portfolio of vehicles, lower upfront cash outlay, comprehensive insurance coverage, negligible registration cost and better technology interface for customers will majorly contribute to the overall revenue growth of Kuwait vehicle leasing market in next 5 years till 2023.

Increasing competition in the market has raised the quality of services offered by vehicle leasing companies in the country, which has attracted more number of customers. The long term car rental market/vehicle leasing market has witnessed increasing presence of multinational companies growing their presence in untapped markets/regions and consistently focusing on increasing their fleet size with focus on adding value added service into their service portfolio. Over the years, industry has witnessed cut-thought competition owing to short profit margins which has resulted in the companies to improve their service portfolios. Car dealers which operate into long term leasing, manage to provide lease contracts at a relatively lower price compared to car rental companies. Major target end users for car dealers are government sector which are highly price conscious. Car rental companies, on the other hand charges a higher price but offer specialized services to their customers such as On-road assistance, Insurance coverage and other services which car dealers fails to offer. Growth in IT, Telecom, Travel, FMCG industries has also led to greater demand for number of vehicle leased and as well to extend their existing vehicle leasing agreements with increase in number and type of fleet.

Key Segments Covered:-

By Type of Fleet:

SUV/MUV

Sedan

Luxury Segment

Pickups

By End User Sectors:-

Oil and Gas

Government

Construction

Logistics and Transportation

Others (FMCG, ITES, Telecom, Financial Institutions, Healthcare, Individuals and related industries)

By Type of Vendors:-

Vehicle Dealer

Vehicle Leaser

By Type of Regions:-

Southern Region

Northern Region

Central Region

Key Target Audience:-

Vehicle Leasing Companies

Vehicle Dealers

Car Rental Companies

Government Bodies

Industry Associations

Venture Capitalist/Investors

Time Period Captured in the Report:-

2013-2018 – Historical Period

2018-2023 – Future Forecast

Companies Covered:-

Automak, Aayan Auto, Al Sayer, Al Mulla, Sefeena, KGL, Autolease, Rasameel Autolease, Hertz, Apatchi Osoulhouse, Apatchi, Autolease, Mutawa Alkazi Company, Automall Vehicle Rental, Value Plus, Mustafa Karam Co and Others.

Keywords:-

Car Leasing Market In Kuwait

Kuwait Car Leasing Market Research Report

Market Research Report For Kuwait Car Leasing Market

Vehicle Leasing Market In Kuwait

Kuwait Vehicle Leasing Companies

Car Rental Industry Kuwait

Pricing Vehicle Leasing In Kuwait

Kuwait Vehicle Leasing Market Size

Kuwait Car Rental Leasing Future Growth

Future Kuwait Car Rental/Leasing

Major Companies In Car Leasing Market In Kuwait

Automak Car Rental Leasing Market Share In Kuwait

Industry Research Report For Kuwait Vehicle Leasing Market

Industry Research Report For Kuwait Car Leasing Market

For more information on the research report, refer to below link:-

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/kuwait-vehicle-leasing-market/175021-100.html

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https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-car-rental-market/136319-100.html

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Use of Internet Increasing Mobile Financial Services: Ken Research

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A mobile financial service is an approach to offering financial services that combines banking with mobile wireless networks which enable users to execute banking transactions. Financial services encompass a broad range of businesses that manage money, including credit unions, banks, credit card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.

Mobile financial services can be broadly categorized into three areas: mobile payments, mobile banking, and microfinance. Mobile payments are online international payments for virtual goods: it is used to money paid for a product or service through a portable electronic device such as a tablet or cell phone, also known as m-commerce. Mobile banking includes financial transactions on a mobile device: it includes account information, transaction, investments and content services etc. Microfinance is a type of banking service that is provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services (loan & EMI payments).

According to study, “Mobile Financial Services in Asia-Pacific: Telco Service Portfolios and Positioning Strategies” some of the major companies that are currently working in the mobile financial services in Asia-Pacific are NTT Docomo, Telkmosel, Globe, Singtel, Google, Alipay, ANZ, Shinhan Bank, Samsung, Apple, Fuse, Axiata, Smart, Robi, BIMA ,Telenor, Ooredoo, Digicel, AIS, True, XL, Grameenphone, Rabbit Line Pay, Tameer Bank, Mynt, Ant Financial, Ayala Corp., MasterCard, PayPal, Alibaba, Bank of Philippines Islands, BancNet, CIMB.

Some mobile financial services technologies are short message service (SMS), mobile-enabled websites & browsers, mobile applications, and wireless payment technologies. SMS is a text messaging service component of phone, Web, or mobile communication systems: it uses standardized communications protocols to allow devices to exchange short text messages. The mobile-enabled Web site is designed to detect the type of device the customer is using (e.g., mobile device or desktop computer) and displays web pages in the best format for that device. Mobile financial applications are developed by or for financial institutions to allow customers to perform account inquiries, retrieve information, or initiate financial transactions. Wireless payment technology includes near field communication, image-based, carrier-based and mobile person to person.

Some applications of mobile financial service are SMS payments, chip payments, WAP banking, browser banking, remittances, person to person payments, merchant payments, account balances and alerts etc.

Bangladesh has a rapidly growing mobile financial services industry, with at least 17 providers already offering services on the market. By the end of 2016, the number of total agents was 7,10,026, the number of registered customers was almost 41.1 million, a number of total transactions were 1,473.2million and the number of total transactions was BDT 2346.9 billion. In the country, some guidelines services for mobile financial services are cash in/out using the mobile account, business to person payments, government to person payments, person to person payments, disbursement of inward foreign remittances etc.

In 2017, some trends are shaped into the mobile financial sector in India. These trends are Paytm thrives on demonetization, artificial intelligence powered chatbots, Unified payments interface growth, biometric authentication, and ATMs shut down. Additionally, regulators approved a new type of bank, known as payments banks, which can operate savings accounts accepting deposits of up to INR100,000 (roughly $1,500) and let customers make digital payments with their accounts.

In Asia-Pacific, mobile digital wallets are the most popular type of mobile financial service solution, enabling transactions from connected devices and a variety of providers to offer branded m-wallet services. There are some payment services are included such as Alipay, Tenpay, Payease, Asiapay, NTT Com Asia, PaySec, Red dot payment, Molpay, 2C2P, and context Asia etc.

In 2018, the central bank of Bangladesh allowed mobile operators to hold a maximum of 49 percent shares in MFS providers. Smartphone penetration of population is expected to reach 64% in Asia-Pacific, proving that more people have access to a mobile device than to banking services in the region. It is expected that mobile financial service market will reach US$72 billion by 2020.

To know more, click on the link below:-

https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/mobile-financial-services-asia/156787-105.html

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Increasing Demand for Wound Care Products in Brazil Market Outlook: Ken Research

The history of wound care products was not so developed and innovative but in the recent trend the wound care products are utilized in advanced wound treatments promote moist wound healing. The market of wound care products in Brazil is anticipated to cater to the requirement and serve the quality healthcare facilities needed by and beyond 2020. The requirement for speedily wound-healing has grown more significantly in the recent era because of the growing prevalence of the chronic and acute diseases. The key players of this industry in Brazil is playing an important role by doing effective developments in the technology of making wound care products which proved to be an effective for acquiring the handsome amount of share by leading the fastest market growth in the forecasted period. Not only has this, with the effective classification and application based on the type, market will increase positively in the reviewed period.

On the basis of type, the market of wound care products is segmented into advanced wound care, surgical wound care and traditional wound care. The growing incidence of the chronic diseases like ulcers, trauma, diabetes and several others, is generating the wide opportunities for the developed wound care products. According to the report analysis, ‘Brazil Wound Care Product Market (2018-2023)’ it is stated that some of the major key player are recently functioning in this market more actively for leading the highest market growth and acquiring the huge market share by adopting effective market strategies and policies includes Smith & Nephew, Acelity L.P. Inc., ConvaTec Plc., Johnson & Johnson Pvt. Ltd., and several others. Moreover, the Brazil wound care product market is predicted to show a single-digit growth rate throughout the forecasted period. Whereas, numerous wound care manufacturers in Brazil are scheduling to introduce new advanced wound care products across the country by the end of 2018.

The growth of revenue in Brazil for the wound care product market is increasing comparatively less in the evaluation to many of the other regions. This trend is because traditional wound care products are mostly utilized in this region. Meanwhile, the hospitals and specialty care clinics have the principal market share by the end user sector in Brazil, whereas the home healthcare sector is rising more positively due to the intensifying applications of self-treatment at home. Furthermore, Brazil is anticipated to hold a momentous market share in Latin America. The beginning of advanced wound care products is predictable to renovate the healthcare facilities of this region. The growing awareness about the advantages of advanced wound care products will operate the market in this region. For instance, a main challenge that the Brazil wound care product market will face technical support obligatory for the usage of advanced wound care devices. Additionally, the difficulties accompanying with unproductive traditional wound therapeutic processes will also operate the market growth. Furthermore, in the coming years it is expected that the market of wound care products in Brazil will grow over the decades more positively.

For more information, click on the link below:

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Kuwait Vehicle Leasing Market Outlook to 2023- Ken Research

The report titled “Kuwait Vehicle Leasing Market Outlook to 2023 - By Vehicle Type (SUV/MUV, Sedan, Pickups and Luxury Segment) and By End Users (Oil & Gas, Government, Construction, Logistics and Transportation, Telecom and Electrical and Others)” provides a comprehensive analysis of the long term vehicle leasing market in Kuwait. The report covers market size of Kuwait long term vehicle leasing market in terms of revenue and fleet size, segmentation on the basis of end users (Oil & Gas sector, Government sector, Construction, Logistics and Transportation and others), by regions (Southern, Central, Northern region), by type of vendor (Vehicle dealer and Vehicle leaser), by Duration of lease (One year, two years, three years and four year and above) on the basis of fleet size. The report also covers car leasing eco-system from demand side and supply side, trends and developments, regulatory scenario and a case study on ‘Automak’ company and its success factors and key operation metrics. Competitive landscape of the industry and comprehensive profile of leading players (Automak, Aayan Auto, Al Sayer, Al Mulla, Sefeena, KGL, Autolease and others), Market share of major players in the market, competition success factor have been covered in the report. The report also cover future outlook by revenue, fleet size and weighted average pricing of  vehicle leasing services annually, future segmentation by regions and by end user along with vendor type and analyst recommendations.

Kuwait Long Term Vehicle Leasing Market

During the period 2013-2018, Kuwait vehicle leasing market grew at a positive growth rate. There were several factors that influenced the growth such as growth of end user industries, increase in number of new establishments, focus on non-oil sector end users and other factors. The growth in non-oil sector/industries and stable construction projects in the country positively influenced the vehicle leasing market to a large extent. The industry witnessed overall increase in fleet size owing to growing competition, increasing demand and increasing market penetration across various regions in the country. Increasing competition in the market has raised the quality of services offered by vehicle leasing companies in the country, which has attracted more number of customers to gradually avail the services for their mobility needs. The reviving oil prices will act as a stimulant to the growth of vehicle leasing, as the revival in oil prices would reverse the cost cutting measures taken by the oil and gas companies in the years 2014-2016.

Kuwait Long Term Vehicle Leasing Market Segmentation

By Type of Vehicle: As of 2018, the luxury vehicle segment accounted for the least share in terms of fleet size. These vehicles are expensive and have a niche market. The SUV/MUV segment contributed about the highest in terms of revenue, owing to the Kuwait government’s preference for an SUV in their fleet due to ease in travel while in off roads locations and availability of different variants such as 4 cylinder, 6 cylinder, 8 cylinder. The Sedan segment contributed highest share in terms of fleet size and second highest in terms of the market revenue as of 2018. These vehicles were majorly used for employee mobility, the sedan is an evergreen segment used by corporate and individuals, and lastly, the Pickup segment also showed significant growth in the market. The demand for this segment has been on the rise and these types of vehicles are designed for cargo transportation which is being used by the logistics and construction sector in Kuwait.

By Regions: Kuwait is divided into 3 regions namely Northern, Central, and Southern. In 2018, Southern region accounted for highest share in terms of fleet size due to presence of oil and construction industries. Central region also accounted for a significant share in the total fleet size, owing to presence of various branches, headquarters of companies in the region and as well as presence of residential areas in the region.

By End Users: Oil and Gas have accounted for highest share in the total fleet demand mainly because the country’s economy depends on oil, and it is the largest spending sector on vehicle leasing for the purpose of employee mobility. The government and military sector that includes the ministries of Kuwait such as ministry of public works, ministry of education have also increased the demand for vehicle leasing. The construction sector also constituted a significant share and use vehicles meant for transportation of employees and cargo. Others include individuals and other industries which accounted for a small share in the market in terms of fleet in the Kuwait vehicle leasing market.

By Type of Vendor: In 2018, the vehicle leasing companies had captured the majority of the market share due to their willingness and ability to lease, service, maintain, and repair the vehicles from various brands. The automotive dealers lag behind the core vehicle leasing companies in terms of fleet size as of 2018.

By Duration: Three year lease duration has been the most popular as the lease prices are low and the vehicle leasing companies also prefers to lease vehicles for this duration, as it is difficult to sell the vehicle after it has been in use for 4 years or longer.

Competition in Kuwait Vehicle Leasing Market

The competition in Kuwait has intensified over the years, with new vehicle leasing companies entering the market and with the increase in price transparency in the industry, the lease/contract prices of companies have decreased causing the profit margins to decrease as well. Furthermore, the competition landscape has changed from the time when two companies namely Al-Sayer, (an exclusive dealer of Toyota) and Al Mulla had the majority of the market share. Additionally, with the emergence of companies such as Automak, Autolease (KAICO), and Aayan Auto, the competition evolved to being competitive pricing strategy with core focus on consumer satisfaction by providing value added services. Besides the price factor, consumers are giving utmost importance to services such as vehicle portfolio/variants, routine service and maintenance facility of the vehicle, road side assistance, comprehensive insurance, and replacement vehicle, if necessary.

Future Outlook of Kuwait Vehicle Leasing Market

Kuwait vehicle leasing market is projected to increase significantly in the forecasted period, 2018-2023. The average lease price is expected to decrease in the country with rising competitive rivalry. The profit margins of the vehicle leasing companies are expected to decrease over the next 5 years due to companies further engaging in price war strategy. The SUV/MUV segment will see an increase in their share of fleet over the forecasted period, 2018-2023 due to the increase in customer preference owing to benefits such as vehicles functionality for off road driving, strong built and room for more passengers or cargo. Northern region will witness high growth rate as the government of Kuwait plans to develop the region further in terms of infrastructure and economic activities and also encourage establishment of new businesses and attracting foreign investments in the region.

Key Segments Covered

By Type of Fleet:

SUV/MUV

Sedan

Luxury Segment

Pickups

By End User Sectors:

Oil and Gas

Government

Construction

Logistics and Transportation

Others (FMCG, ITES, Telecom, Financial Institutions, Healthcare, Individuals and related industries)

By Type of Vendors:

Vehicle Dealer

Vehicle Leaser

By Type of Regions

Southern Region

Northern Region

Central Region

Key Target Audience

Vehicle Leasing Companies

Vehicle Dealers

Car Rental Companies

Government Bodies

Industry Associations

Venture Capitalist/Investors

Time Period Captured in the Report:

2013-2018 – Historical Period

2018-2023 – Future Forecast

Companies Covered:

Automak, Aayan Auto, Al Sayer, Al Mulla, Sefeena, KGL, Autolease, Rasameel Autolease, Hertz, Apatchi Osoulhouse, Apatchi, Autolease, Mutawa Alkazi Company, Automall Vehicle Rental, Value Plus, Mustafa Karam Co and Others

Keywords:-

Car Leasing Market In Kuwait

Car Leasing Industry In Kuwait

Kuwait Car Leasing Business

Kuwait Car Leasing Market Analysis

Kuwait Car Leasing Market Growth

Kuwait Car Leasing Companies

Vehicle Leasing Market In Kuwait

Vehicle Leasing Industry In Kuwait

Kuwait Vehicle Leasing Business

Kuwait Vehicle Leasing Companies

Kuwait Vehicle Leasing Market Analysis

Kuwait Vehicle Leasing Market Growth

Car Rental Industry Kuwait

Pricing Vehicle Leasing In Kuwait

Vehicle Leasing Industry Revenue Kuwait

Long Term Car Leasing Market In Kuwait

Long Term Car Leasing Fleet Size In Kuwait

Kuwait Vehicle Leasing Market Size

Major Players In Kuwait Car Leasing Market

Car Rental/Leasing Companies In Kuwait

Kuwait Car Rental Leasing Future Growth

Sefeena Revenue Car Leasing In Kuwait

Future Kuwait Car Rental/Leasing

Trends In Car Rental/Leasing Market In Kuwait

For more information on the research report, refer to below link:-

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/kuwait-vehicle-leasing-market/175021-100.html

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Ankur Gupta, Head Marketing & Communications
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Technically Programmed Compact Robots to Propel Metal Industrial Robots : Ken Research

According to the study “Industrial Robots for Metal Industry: Global Market 2016-2022”, robots are embedded with technological knowledge to upshot precision, intelligence and endless energy levels. These key factors make the robots perfect employees for a wide range of jobs around the globe that humans cannot afford to perform. All the industrial robots deployed within the global metal industry are technically programmed, embedded with safe working conditions, and compact in size. The combination of manual programming and subprograms within the industrial robots helps in delivering more sophisticated services. Grippers are often embedded in industrial robots deployed within the metal industry to avoid industrial accidents. All the industrial robots used in the mining industry are either fixed at a place for specific operations or move on the industry floor as programmed.

The need for refurbishment within the global metal industries has led to deployment of well programmed industrial robots. They are perfect for improving the working environment inside the metal industries and handle heavy assignments. Industrial robots optimise the production with their speed, continuous operating systems and operate multiple machineries with high precision for uniform results. Metal manufacturers are constantly upgrading the industrial automation processes by installing industrial robots across all jobs due to ease of operations. This trend has led to increasing deployment of advanced technological robots and tremendous revenue.

Industrial robots in a metal industry are used for material handling, welding, soldering, assembling, disassembling, cutting, milling, dispensing, painting, and other operations. Material handling, welding, cutting and assembling operations extensively use industrial robots. Robots are the key to Industry 4.0 evolution within countries such as U.S., China, Japan, Germany, South Korea, and Mexico. Articulated robots, Cartesian robots, SCARA robots, and other robots (cylindrical robots, delta robots, polar robots, parallel robots, etc.) are the various types of industrial robots deployed by metal industries. Articulated robots are extensively used within the metal industry, thereby, accounting for more share among other industrial robotics deployed in metal industry. Geographically, global industrial robotics market is spread across the Americas, Asia-Pacific, EMEA and rest of the world. Asia-Pacific region is the largest contributor within the global industrial robotics market, followed by Europe and North America.

All the leading players within the industrial robots market compete intensively based on quality, durability, reliability, and technological innovations. Huge investments are made in R&D sector to improve robots with new technologies, superior quality of robot construction, and more operational skills. The leading players within the global industrial robotics market are ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Kawasaki Robotics, Epson Robotics, Rockwell Automation, Comau, Staubli International AG, Omron, RoboGroup T.E.K. Ltd., Yamaha Robotics, Reis Robotics and ST Robotics. Evolution of fourth industrial revolution is coupled with Internet of Things (IoT) and Artificial Intelligence (AI). Therefore, majority of the global industrial robotics manufacturers are incorporating advanced technologies such as asset management, equipment, process efficiency optimization, and cost reduction. Cloud computing is used to record data flow from industrial robots and external devices for more efficient productivity and storage.

Almost all the metal industries in the world have replaced human workforce with industrial robots to survive the ever growing global competitive environment. It was observed that there is a continuing deployment of advanced industrial robots in the metal industry due to larger production scale and increasing demand. Major drawback within the industrial robots market is that huge investments are required for the adoption and transformation of old systems and cyber risks due to integration of technology which drives the market vulnerable over a period of time. Considering multiple factors, global market for industrial robots for metal industry will witness a drastic growth over the next few years.

To know more, click on the link below:

https://www.kenresearch.com/technology-and-telecom/it-and-ites/industrial-robots-metal/171721-105.html

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Landscape Of The China Conjugate Vaccine Market Outlook: Ken Research

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The conjugate vaccine is a type of vaccine that comprises a bacterial capsular polysaccharide, committed to a protein to improve immunogenicity and safeguard against invasive diseases. Moreover, conjugate vaccines association a weak antigen with a strong antigen so that the immune system has a stronger response to the weak antigen. Vaccines are used to avert diseases by appealing an immune response to an antigen, the foreign part of a bacteria or virus that the immune system distinguishes. The conjugate vaccine is frequently proficient with a diminished or dead version of a pathogenic bacterium or virus in the vaccine so that the immune system can distinguish the antigen later in life. Whereas, as many of the vaccines encompass a single antigen that the body will identify. In addition, the key players of this region are playing an effective role by doing significant developments in the technology and acquiring the huge market share which further becomes profitable for leading the fastest growth in the forecasted period.

According to the report analysis, ‘China Conjugate Vaccine Market (2018-2023)’ states that some of the major companies which are recently functioning in this market more actively for leading the handsome amount of share by doing significant development in the treatment of doing vaccines with the effective technologies includes GlaxoSmithKline, Pfizer Inc., Merck & Co., Novartis, Sanofi Pasteur, CSL Limited, Bharat Biotech, Biological E. Limited, Serum Institute of China and several others. Moreover, all Expanded Program on Immunization (EPI) vaccines (includes polio, tuberculosis and diphtheria-tetanus-pertussis (DTP), meningococcal, rubella, mumps, Japanese encephalitis, and hepatitis A and B) in China are free and mandatory for school admissions. In China, the immunization clinic also offers non-EPI vaccines to children but for a fee (and are not covered by insurance programs), concerning influenza, Haemophilus influenza type B (Hib), varicella, pneumococcal vaccines, varicella and rotavirus, and several others.

On the basis of disease indication, the market is split into Meningococcal, Diphtheria-tetanus-pertussis, Pneumococcal, Haemophilus influenza type B and several others. Not only has this, with the end user phase the market is segmented into Adult and Paediatric. Whereas, China is predicted to be an effective market for conjugate vaccines during the near future. Extensively increasing geriatric population, growth in consumer awareness, rising disposable income and healthcare expenditure, modernization of healthcare infrastructure and a rising medical tourism industry will operate the growth of the conjugated vaccines market in China.  According to the United Nations, China is aging more speedily than almost any country in the present history. For adult vaccines, this acts as a key driver, due to more requirements by the geriatric populace. Since the toll of pneumococcal disease in China in massive, pneumococcal vaccination could develop children’s health and protect lives and is, therefore, a prime selection for attachment in the EPI schedule. The conjugate vaccine market in China is predicted to have significantly high growth. Moreover, this region spent marvelous resources on the eradication of measles, but such eradication efforts should be collected with other immunization initiatives, such as educating caregivers about the benefits of other vaccines. In addition, it is expected that the market of conjugate vaccine in China will increase more actively in the near future.

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https://www.kenresearch.com/healthcare/pharmaceuticals/china-conjugate-vaccine/172470-91.html

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Advanced Technology to Propel Industrial Robots for Global Machinery Industries : Ken Research

According to the study “Industrial Robots for Machinery Industry: Global Market 2016-2022”, industrial robots are deployed from the fabrication and pressing of parts to the painting of body components, assembling, and inspection of finished machinery. Multiple industrial robots are used to streamline every step of the machinery production process. With manoeuvrable options, long reach arms, flexible automated industrial robots perform a vast variety of functions in all industries. Manufactures of industrial robots are developing manipulation software to enhance the capacity of the robots, system integrators and OS platform developers. Articulated robots, cartesian robots, SCARA robots, cylindrical robots, delta robots, polar robots and parallel robots are the different types of robots that are deployed across various industries around the world. Industrial robots are deployed for material handling, welding, soldering, assembling, disassembling, cutting, milling, dispensing and painting.

Machinery industry is a part of heavy industry that produces a range of products from power tools, various types of machines and other equipments required for industries. The various other machine equipment Majority of the manufacturers within the machinery industry are known as machine factories. Machines are manufactured for multiple businesses such as mining, construction, agriculture, electricity, public utility machines, a wide range of supporting equipment, kitchen appliances, refrigerators, washers, dryers, steel equipment, logistics equipment, health equipment, weapons, heavy or light automotives and many more.

All the industrial robots deployed within the machinery industry are designed and programmed to perform dangerous, dirty and/or repetitive tasks with consistent precision and accuracy. Multiple models of robots are designed which can handle huge payloads, process manipulations, reach distances and number of axes of travel (up to six) of their jointed arm are the common distinguishing characteristics. All the functions of industrial robots are a combination of programming software, automation and controls. Therefore, industrial robots can operate around the clock throughout the year, with hazardous materials and challenging environment. Deployment of industrial robots increases productivity and profitability with the advanced robotic technology.

Geographically, the global market for industrial robots is spread across the Americas, Europe, Asia-Pacific, and the rest of world (RoW). North America, China, Japan, Germany, South Korea, and Mexico countries are deploying more number of robots due to industrialization and demand for more machinery in multiple sectors. However, Asia-Pacific accounts for a major share in industrial robots category due to increasing sales of machinery and tremendous revenue. Within Asia-Pacific market, China and Southeast Asian countries are bolstering the growth in industrial robots market and this trend will continue over the next few years. Global leading manufacturers of industrial robots are ABB, KUKA, Fanuc, Yaskawa Electric Corp., Toshiba Machine, Comau, Kawasaki Robotics, Epson Robotics Staubli International AG, Omron, RoboGroup T.E.K. Ltd., and Yamaha Robotics.

Almost all the manufacturing facilities around the globe have replaced human workforce with industrial robots to survive the ever growing global competitive environment within machinery industries. Evolution in technology coupled with the need to refurbish the existing global manufacturing facilities is expected to drive the market for industrial robots. Major drawbacks within industrial robots market are huge investments required for the adoption and transformation of old systems and cyber risks due to integration of technology which drives the market vulnerable over a period of time.

To know more, click on the link below:

https://www.kenresearch.com/technology-and-telecom/it-and-ites/industrial-robots-machinery/171720-105.html

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