Global Industrial Robotics Market
The Global Industrial Robotics Market was valued at USD 38.23 billion in 2016 and is projected to reach USD 88.10 billion by 2025, growing at a CAGR of 9.72% from 2017 to 2025.
Industrial robotics is the branch of robotics that is concerned with industrial and manufacturing applications. Industrial robots are automated, programmable and are capable of movement on two or more axes. Benefits of using industrial robotics include - increased efficiency, improved quality and reliability, improved working environment, increased profitability, longer working hours, reduced waste, increased safety, attract more customers, better floor space utilization, and decreased production costs.
1. Market Drivers
1.1 Increasing demand from small and medium organizations in developing countries
1.2 High investments for automation in industries
1.3 Rising demand for low cost industrial robots capable of working in collaboration with humans
2. Market Restraints
2.1 Need to safely handle industrial-grade operations
2.2 High installation cost
2.3 Manufacturing advanced robotic systems
The Global Industrial Robotics Market is segmented on the By industry, type, and region.
1.1 Precision Engineering and Optics
1.2 Pharmaceuticals and Cosmetics
1.4 Electrical and Electronics
1.5 Metals and Machinery
1.6 Plastics, Rubber, and Chemicals
1.7 Food and Beverages
2. By Type:
2.1 Collaborative Robots
2.2 Traditional Industrial Robots
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Kawasaki Heavy Industries, Ltd.
2. Fanuc Corporation
3. Mitsubishi Electric Corporation
4. Nachi-Fujikoshi Corp.
5. Universal Robots A/S
6. CMA Robotics S.P.A.
7. ABB Ltd.
8. Yaskawa Electric Corporation
9. Kuka AG
10. Denso Corporation
11. Comau S.P.A.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Industrial Robotics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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