Global Robotic Injection Molding Machines Market 2019-2023

Global Robotic Injection Molding Machines Market 2019-2023

  • December 2018 •
  • 116 pages •
  • Report ID: 5678755 •
  • Format: PDF
About this market
Increased use of cobots in injection molding devices to gain traction in the market. The use of cobots in different industrial processes is increasing because of advances in robotic technologies. Technavio’s analysts have predicted that the robotic injection molding machines market will register a CAGR of close to 7% by 2023.

Market Overview
Improvement in sensors for robots
Sensor technology is being improved with high accuracy and sensitivity. For instance, cobots use sensors that detect the position of manufactured object as well as the workers.
Lack of technical knowledge coupled with low operating space
Robotic technology is getting advanced. Therefore, vendors are finding it difficult to update their workforce with the required skillsets to fulfill the customer needs.
For the detailed list of factors that will drive and challenge the growth of the robotic injection molding machines market during the 2019-2023, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including ABB and KUKA the competitive environment is quite intense. Factors such as the increased use of cobots in injection molding devices and the improvement in sensors for robots, will provide considerable growth opportunities to robotic injection molding machines manufactures. ABB, KUKA, Sepro Group, WITTMANN Group, and YUSHIN PRECISION EQUIPMENT are some of the major companies covered in this report.