14.2% CAGR to be Achieved by Industrial Robotics Market to 2025: Top Key Vendors- ABB, Kawasaki Heavy Industries, Yaskawa Electric Corporation, Fanuc Corporation, Kuka AG, Mitsubishi Electric Corporation, Denso Corporation, Comau
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.
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The market for industrial robotics is at its growing phase in certain countries and at infant stage in some developing countries. The market is further expected to flourish with increasing government support for automation in industries including, industrial robotics across the globe. One of the key factor propelling the market growth for industrial robotics is constantly aging population of several countries worldwide resulting in increasing labor costs. As per WHO, approximately 2 Bn people globally are anticipated to be more than 60 years old by 2050, which is over triple of what it was in 2000. Diminishing fertility rates and longer lifespans are the major factors contributing to this growth. Further, increasing support from governments is also bolstering the growth of the market. For instance, Chinese government announced a five-year ‘Robotics Industry Development Plan’ for the expansion of China’s industrial robotics sector. The government is offering considerable subsidies and tax breaks for industrial automation.
Some of the major players operating in the global industrial robotics market includes ABB Ltd., Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, Fanuc Corporation, Kuka AG, Mitsubishi Electric Corporation, Denso Corporation, Comau SpA, Nachi-Fujikoshi Corp. and Universal Robots A/S among others.
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.
The report aims to provide an overview of global industrial robotics market with detailed market segmentation. Also, it analyzes the current industrial robotics market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies and SWOT analysis. The report also provides detailed PEST analysis for the major geographic regions such as North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Reason to Buy:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Industrial Robotics Market
• 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 Industrial Robotics Market, thereby allowing players 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 products, segmentation and industry verticals.
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Contact: Sameer Joshi
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