Press release
Industrial Robotics Market Estimated to Flourish by 2025 - ABB Ltd., Kawasaki Heavy Industries, Yaskawa Electric, Fanuc Corporation, Kuka AG, Mitsubishi Electric, Denso Corporation, Comau SpA and Nachi-Fujikoshi
Industrial Robotics Market to Worth USD 48,166.9 Million by 2025
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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The List of Companies
1. ABB Ltd.
2. Kuka AG
3. FANUC CORPORATION
4. Toshiba Machine Co. Ltd.
5. Mitsubishi Electric Corporation
6. Comau SpA
7. GE Inspection Robotics
8. Yaskawa Electric Corporation
9. Kawasaki Heavy Industries Ltd.
10. Universal Robots A/S
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.
APAC is one of the prominent regions in industrial robotics market which is contributing highest revenue globally due to rapidly growing manufacturing sector of the region and increasing competition demanding for better productivity and efficiency. Rapidly growing economies in Asia-Pacific (APAC) with significant growth manufacturing will pave the path for increasing adoption and propel the market for industrial robotics.
The report segments the global Industrial Robotics market as follows:
Global Industrial Robotics Market- By Types
• Articulated Robots
• Cartesian Robots
• SCARA Robots
• Collaborative Robots
• Others
Global Industrial Robotics Market- By Function
• Soldering & Welding
• Material Handling
• Assembling & Disassembling
• Painting & Dispensing
• Milling
• Cutting & Processing
• Others
Global Industrial Robotics Market- By Industry
• Automotive
• Medical & Pharmaceuticals
• Electrical & Electronics
• Rubber & Plastics
• Metal & Machinery
• Food & Agriculture
• Others
Browse market data tables and in-depth TOC of the Global INDUSTRIAL ROBOTICS Market (2016-2025)
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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, 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.
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.
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