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Industrial Robotics Market is Expected to Grow at CAGR of 14% during Forecast 2016 and 2022

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Chaitali Mahajan
Industrial Robotics Market is Expected to Grow at CAGR of 14% during Forecast 2016 and 2022

A new market study, titled “Global Industrial Robotics Market Size, Status and Forecast 2020-2022” has been featured on Market Research Future. The statistical report offers an extensive research on the key players and in-depth insights which includes the competitiveness of the trending players. Predictable income growth in terms of volume with respect to the Industrial Robotics market for the upcoming years has been mentioned in depth. The report presents a basic overview of the market size, share and competition segment with an essential introduction to manufacturers, regions, product types and applications.

Global Industrial robotics comprises mechanical systems that are useful for various activities of industrial applications. Market Research Future (MRFR) has published a research report about the global industrial robotics market that observes a huge surge for this market at 14% CAGR (Compound Annual Growth Rate) between 2016 and 2022. 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 by the automotive industry in technological advancement.

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Key Players:

The key players in the global industrial robotics market include ABB Ltd. (Switzerland), Bosch GmbH (Germany), Denso Corporation (Japan), Fanuc Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Kuka AG (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation Inc. (USA), Toshiba Corporation (Japan), and Yaskawa Electric Corporation (Japan). 

By application-based segmentation-

  • Assembling
  • material handling
  • painting
  • palletizing
  • welding

By type-

  • 6-axis robots
  • Articulated
  • Cartesian
  • Delta
  • dual-arm
  • parallel
  • redundant
  • selective compliance assembly robot arm, (SCARA)

By end users-

  • Automotive
  • Electronics
  • Entertainment
  • food & beverage
  • rubber & plastic
  • pharmaceuticals

The regional segmentation of the global industrial robotics market segments the market into North America, Europe, Asia Pacific, and the Middle East & Africa. The Asia Pacific is the biggest regional market. Japan is the leading market in this region due to maximum technological advancement, followed by China and India. Japan alone is responsible for half of the market revenue due to its technological advancement. Another major country-specific market in this region is South Korea, followed by the remaining countries of the Asia Pacific region.

FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/industrial-robotics-market-1933

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]

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