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

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

The Global   Industrial   Robotics Market was valued at USD 41.86 billion in 2017, and is expected to reach USD 73.51 billion by 2023, registering a CAGR of 9.84%, over the forecast period 2018 to 2023.Rapid expansion of the automotive industry and growing adoption of robotics in non automotive industry including chemicals, food and beverages ,rubber and plastics, electronics and electrical are stoking the growth of market.

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Advancement in artificial intelligence and development in sophisticated sensors projected to augment the development of self programming robots.By 2020, the automotive segment is expected to account for the largest revenue share of approximately 40.0%, which can be attributed to fact that robotics play vital role in the assembly of vehicles.

Top  impact  factors  on the industrial robotics market growth are as follows:

  • Rapid Industrialization and Automation
  • High Initial Investment
  • High Labor Cost and Lack of Skilled Workforce

The Global Industrial Robotics Market key segment by its  Type,  Region,  Market Players, Function are:

By Type:

  • Articulated
  • SCARA
  • Cylindrical
  • Cartesian

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

By Function:

  • Soldering and Welding
  • Assembling and Disassembling
  • Materials Handling
  • Painting and Dispensing
  • Miling, cutting and Processing
  • Others

 

Market Key Players:

  • ABB Ltd
  • Omron Adept Technologies
  • Mitsubishi Electric Corporation
  • YRG
  • Toshiba Machine co.Ltd
  • Panasonic Corporation

If you have any special requirement, please let us know we will offer you report as you want. Get more details of report at,

https://franknraf.com/reports/global-industrial-robotics-market-size-trends-and-forecast-report-2014-2020/

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Contact Details:

 

Mr. Zahid  Kazi

 

Website:  https://franknraf.com

Email id: [email protected]

US: +1 347-321-6773

India:  +91 9511966766

 

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