Market Research Future (MRFR) highlights that the global
Industrial Robotics Market valuation is projected to reach USD 81 BN by 2022, growing at approximately 14% CAGR throughout the review period (2016 – 2022). The COVID 19
pandemic has accelerated the digital transformation, promoting social
distancing. The epidemic has also fostered automation in distinct technology
areas, increasing uses of technologies such as 5G, cloud/edge, and artificial
intelligence.
The industrial robotics market is
garnering substantial traction, mainly due to the rapid industrialization
across the globe. Besides, the market growth mainly attributes to the rising
demand for automated, programmable machines to reduce the tiring efforts of
producing & manufacturing consumer goods. Moreover, rising uptake of
articulated, SCARA, and Cartesian robots across the rapidly growing industries
escalate market growth.
Furthermore, the high demand for robotics, especially in
manufacturing sectors, and growing investments in the automotive industry,
boost the growth of the market. Also, growing technological advances and
adoption of robotics in small & medium size organizations accelerate market
growth. Furthermore, the advantages of articulated robots, such as the reduced
overall production cost, substantiate the size of the market.
Industrial Robotics Market- Competitive Landscape
Highly competitive, the industrial robotics market appears
fragmented due to the presence of several well-established players. To gain a
larger competitive share, players incorporate strategic initiatives such as
collaborations, mergers & acquisitions, expansion, and product/ technology
launch. They make substantial investments in new product developments and
geographical expansion. Industrial robotics market trends include relentless
innovations and new products, resulting in intense competition among manufacturers.
Major Players:
Players leading the global industrial robotics market are
Denso Corporation (Japan), ABB Ltd. (Switzerland), Kuka AG (Germany), Bosch
GmbH (Germany), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric
Corporation (Japan), Mitsubishi Electric Corporation (Japan), Fanuc Corporation
(Japan), Toshiba Corporation (Japan), and Rockwell Automation, Inc. (US), among
others.
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Global Industrial Robotics Market- Segments
By Types: Cartesian,
Articulated, SCARA, Delta, Redundant, 6-Axis Robots, Dual-Arm & Parallel
Robotics, and others.
By Application: Welding, Material Handling,
Assembling, Painting, Palletizing, and others.
By End-Users:
Electronics, Automotive, Rubber & Plastic, Food & Beverage,
Entertainment, Pharmaceuticals, and others.
By Regions: Asia
Pacific, Americas, Europe, and Rest-of-the-World.
Global Industrial Robotics Market- Regional Analysis
The Asia Pacific region dominates the global industrial
robotics market. The market growth attributes to the strong presence of
several notable players and well-established development centers, allowing
advances in robotics and the early uptake.
Japan is the leading market of industrial robotics, followed
by China and India, respectively. With its vast investments in the development
of articulated robotics and the manufacturing processes, India demonstrates the
maximum potential to grow during the assessment period.
Europe, with more than 50% of industries, stands second in
the global industrial robotics market. Maximum industries in the region have
implemented robotics technology to operate their activities. The market growth
is driven by the strong presence of auto manufacturers and the need for
automated vehicle manufacturing processes.
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Information: https://www.marketresearchfuture.com/reports/industrial-robotics-market-1933
TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Industrial Robotics Market, By Segments
7.
Competitive Analysis
Continued…
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