LONDON-(BUSINESS WIRE)-The global robotics market in the paper, printing, and publishing industry is expected to grow at a CAGR of around 15% from 2017-2021, according to a new market research report by Technavio.
Global robotics market in the paper, printing, and publishing industry segmentation by application and end-user
Technavio’s report on the global robotics market in the paper, printing, and publishing industry analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including material handling and logistics. As projected in 2016, around 42% of the market share originated from material handling.
Based on end-user, the global robotics market in the paper, printing, and publishing industry has been segmented into paper and paper products manufacturing industry and printing and publishing industry. Paper manufacturing mills produce various products such as tissue paper, newsprints, paper rolls and reams, packaging paper, writing paper, household paper, and various other sanitary products with fibrous pulp.
“In paper manufacturing, the major demand is derived from premium paper and packaging paper. With the growing preference among end-users for premium products, the industry players prefer to offer premium packaging to differentiate their products. Additionally, growth in the e-commerce industry has also fueled the demand for packaging paper. Industry players realize the requirement of robotics solutions to reduce the need for manual handling of materials and increase the productivity of workforce by enhancing employee engagement in areas of application other than manual tasks,” says Raghav Bharadwaj Shivaswamy, a lead analyst at Technavio for robotics research.
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Global robotics market in the paper, printing, and publishing industry: competitive vendor landscape
The global robotics market in the paper, printing, and publishing industry is characterized by the presence of several established international robot manufacturers such as ABB, FANUC, Midea, and Yaskawa Motoman. The competition among vendors is intense in terms of product features, price, and customized solutions. Established vendors focus on geographical expansion, increasing production capacities, and upselling products by upgrading the existing ones.
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Other topics covered in the report:
Market drivers:
- Advantages over traditional methods
- High efficiency of robots to reduce bottlenecks in paper manufacturing
Market challenges:
- Increasing digitization in publishing market
- Limited application of robots
Market trends:
- Emergence of collaborative robots
- Incorporation of vision technology
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