The metal and machinery industry is an important sector of industrial robotics, accounting for 11 percent of the global industrial robotics market. China and Japan are major players in this industry, with more than half of the top 20 metal-producing companies located in these two countries. In addition, they also accounted for 54 percent of the worldwide metal and machinery robotics market in 2018, indicating a strong demand for industrial robotics in this sector.
One of the main reasons for the increase in new robot installations in the metal and machinery industry is the demand for cost efficiency and higher flexibility. By using industrial robotics, companies can reduce labor costs and improve production efficiency, which ultimately leads to cost savings. In addition, industrial robotics can provide greater flexibility and enable companies to quickly adapt to changes in demand, production processes, and product design.
South Korea is another country that has a significant presence in the industrial robotics market. However, due to its already high robot density, the market is estimated to stagnate over the forecast period. This suggests that South Korea has already reached a saturation point in terms of its adoption of industrial robotics, and further growth may be limited in the near future.
In summary, the metal and machinery industry is a significant sector for industrial robotics, with strong demand for cost efficiency and higher flexibility driving the increase in new robot installations. China and Japan are major players in this industry, accounting for more than half of the top 20 metal-producing companies and the worldwide metal and machinery robotics market. However, some countries, such as Korea, may already have reached a saturation point in terms of their adoption of industrial robotics.