Industrial Robotics Market is Expected to Grow at the Rate of More than 14% From 2016 to 2022 | Industrial Robotics Market Major Factor that drives the Growth in Manufacturing Sectors
The industrial robotics market 2020 is anticipated to expand substantially. Increasing inclination towards automation is projected to guide the growth trajectory of the market in the foreseeable future. In the observation presented by Market Research Future MRFR, the global industrial robotics market is presumed to strike 14% CAGR across the forecast period 2016 to 2022. The market is assumed to reach a valuation of USD 81 Bn by the close of the evaluation period. Industrial sector is the backbone of an economy, which is why it is likely to attract investments over the next couple of years. This, in turn, is supposed to augment the industrial robotics industry across the assessment period.
The primary factor driving the global industrial robotics market growth is high demand of robotics products in industrial application especially in manufacturing sectors, growing adoption of robotics in small & medium size organizations and growing investment of by the automotive industry in technological advancement.
Competitive Dashboard
ABB Ltd. (Switzerland), Kuka AG (Germany), Denso Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corporation (Japan), Bosch GmbH (Germany), Fanuc Corporation (Japan), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), and Toshiba Corporation (Japan) are few of the key participants of the assessed to play developmental role in the industrial robotics market forecast.
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Market Segmentation
· On the basis of type, the industrial robotics market has been segmented into Cartesian, articulated, delta, SCARA, 6-axis robots, dual-arm, parallel, redundant, and others.
· By application, the segmentation of the industrial robotics market covers material handling, assembling, welding, palletizing, painting, and others.
· On the basis of end-user, the industrial robotics market has been segmented into automotive, Rubber & plastic, entertainment, electronics, food & beverage, pharmaceuticals, and others.
Regional Analysis
The geographical analysis included in the global industrial robotics market reports has been covered for the following regions - North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). These regional segments are further studied on a country-based level. Asia Pacific is the highest share holder of the market. Increasing adoption of automation in the industrial sector of the region can be attributed the growth of the industrial robotics market. In addition, the investments by the governments to boost the industrial sector is also supposed to support the growth of the industrial robotics market in the upcoming years. The availability of cost-effective solutions in nations such as China, South Korea, etc. is presumed to catalyze augmentation of the market in the region. Europe, in the second position, is prognosticated to thrive due to the early adoption of advancing technologies.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Industrial robotics Market Segmentation
8. Industrial robotics Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
14. Strategic Outlook
15. SWOT Analysis
16. Regional Industrial robotics Market Share
17. Country Industrial robotics Market Share
18. Revenue and Sales Forecast
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