Industrial Robotics Market Size And Forecast
Industrial Robotics Market Size And Forecast
According to Verified Market Research, The Global Industrial Robotics Market was valued at USD 46.03 Billion in 2018 and is projected to reach USD 99.04 Billion by 2026, growing at a CAGR of 10.01% from 2019 to 2026.
The latest survey on Global Industrial Robotics Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in Industrial Robotics Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Industrial Robotics Market By Configuration, By Node Size, By Technology, By Vertical, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities
What is Industrial Robotics?
An industrial robot is a robot system used in manufacturing industries. These are automated, programmable and capable of movement on three or more axis. In simple terms, it is described as a programmable, mechanical device used in place of a person to perform dangerous or repetitive tasks with a high degree of accuracy. They are designed specifically for different applications such as welding, painting, assembly, pick and place for printed circuit boards, packaging and labelling, palletizing, product inspection, and testing in manufacturing industries.
Global Industrial Robotics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
All applications of industrial robots are accomplished with high degree of efficiency, high endurance, speed, and precision. They also help in assisting material handling. Owing to these features, there is emerging demand for this market. Furthermore, technological advancements, the growing demand for innovations, and increasing investments for innovations and automation in industries are driving the growth of this market. However, high cost of installation for the low-volume production applications and the growing need to safely handle the industrial robots are some challenging factors which may limit the growth of this market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Industrial Robotics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Industrial Robotics Market Competitive Landscape
The “Global Industrial Robotics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ABB Ltd., DENSO CORPORATION, FANUC Corporation, Kawasaki Heavy Industries Ltd, KUKA AG, Mitsubishi Electric Corp., NACHI-FUJIKOSHI CORP., Seiko Epson Corporation, Stäubli International AG and Yaskawa Electric Corporation. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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