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Global Industrial Robotics Market Size, Trends and Forecast Report 2014 – 2020

  • Published Date: Apr-18
  • 141 Pages
  • Category: Technology
  • Format: Email PDF + Excel
  • Language: ENG

The global industrial robotics market size is anticipated to reach USD 41.23 billion by 2020, expanding at a CAGR of 7.0% during the forecast period. Rapid expansion of automotive industry worldwide and adoption of robotics in the non-motor vehicle industry, including Food and Beverage, Chemicals, Rubber and Plastics, and Electronics / Electrical, which are blocking the development of the market.

Companies execution the Industrial Robot are increasingly getting financial benefits, which are rising the speed of establishment of robots in contemporary manufacturing plants. Integration of robots with production processes help boost productivity minimizes overheads, offers a high degree of flexibility, increases quality, and Manual reduces waste significantly to the result of manual labor, resulting in market acceleration. Industrial robots have been responsible for the formation of a new ecosystem characterized by lucrative, rewarding, and high-paying jobs. Venture capitalists have opened industrial robot design and manufacturing companies to finance. Advancements in artificial intelligence and development of sophisticated sensors are projected to augment the development of self-programming robots.

Further Key Findings from the Report Suggest: By 2020, the automotive segment is expected to account for the largest revenue share of approximately 40.0%, It can be attributed to the fact that in 2016 robots were played an important role in the assembly of vehicles in the metal / heavy machinery section, which was worth about 3.0 in 2016. Robots are extensively used in the sector on account of high degree of precision demanded coupled with difficult nature of tasks involved with revenue of close to USD 16 million in 2016, the Asia Pacific region dominated the industry. Japan and South Korea are expected to continue being dominant country markets in the region Robot industries in Asian countries such as China, Korea, and Taiwan are supported by their respective governments through programs addressing R&D funding, tax incentives, loans, and investment in skills Some of the key players in the market are

• ABB

• Omron Adept Technologies, Inc.

• Mitsubishi Electric Corporation

• YRG, Inc.

• Toshiba Machine Co., Ltd.

• Panasonic Corporation

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