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Industrial Robotics Market is Growing at a CAGR of 14.2% between 2018 and 2025 by Leading Players ABB Ltd., Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, Fanuc Corporation, Kuka AG, Mitsubishi Electric Corporation, Denso Corporation

11-06-2018 04:28 AM CET | IT, New Media & Software

Press release from: The Insight Partners

Industrial Robotics Market Outlook to 2025

Industrial Robotics Market Outlook to 2025

Continuous technological advancements is expected to fuel the demand of industrial robotics market in near future.

Global industrial robotics market is expected to grow from US$ 16,847.6 million in 2017 to US$ 48,166.9 million by 2025 at a CAGR of 14.2% between 2018 and 2025.

The report focuses on an in-depth segmentation of this market based by types, function and industry. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By industry segment, automotive sector accounted for the largest share of the industrial robotics market in 2017; whereas APAC region is expected to grow at the highest CAGR during the forecast period.

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Only a handful of players dominate the global industrial robotics market owing to high investments, enhanced R&D capabilities, and strong supplier relationships among others. Few of the players that are operating successfully in global industrial robotics market space are Kawasaki Heavy Industries Ltd., Fanuc Corporation, Mitsubishi Electric Corporation, and Yaskawa Electric Corporation.

According to Robotic Industries Association (RIA), the robot sales increased in the first quarter of 2017 as compared to the first quarter of 2016 by 32%, and is expected to experience continuous growth in the coming years. Also, the robotic technology is advancing with a large number of innovations in the field. For instance, Spider-like Delta robots coming with 2-D and 3-D vision guidance and force sensing that increases the speed and reduces the need for expensive part fixturing. Furthermore, compliant grippers that can grasp irregular and unpredictable shapes such as mixed parts, are enabling the automation of tasks, which were earlier only suitable for human hands.

Major market initiatives were observed in the APAC region particularly, China, South Korea and Taiwan. APAC is leading the global industrial robotics market, followed by Europe. Europe is another region where industrial robotics has flourished to a very high extent. The primary reasons for the development of industrial robotics in APAC and Europe is attributed to the major investments taken in the regions by the government as well as high adoption of automation by several industries in the regions for the increasing their endurance, speed, precision, and compete effectively in the global industrial robotics market.

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Reasons to buy this report:

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the automatic tire inflation system market, thereby allowing players across the value chain to develop effective long term strategies

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

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