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Top Robotics Market 2018-2023: ABB, KUKA, Mitsubishi, Fanuc, Kawasaki Heavy Industries, Denso, Omron Adept Technologies, Yaskawa and Others.

04-12-2020 07:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Top Robotics Market 2018-2023: ABB, KUKA, Mitsubishi, Fanuc,

According to Market Study Report, Top Robotics Market provides a comprehensive analysis of the Top Robotics Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Top Robotics Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Top Industrial Robotics Market is expected to grow from USD 44.02 Billion in 2018 to USD 69.14 Billion by 2023, at a CAGR of 9.45% during the forecast period; the top service robotics market is expected to grow from USD 11.27 Billion in 2018 to USD 29.76 Billion by 2023, at a CAGR of 21.44% during the forecast period. This report spread across 193 pages, profiling 10 companies and supported with 75 tables and 65 figures are now available in this research.

Top Companies Profiled in the Top Robotics Market:
o ABB (Switzerland)
o KUKA (Germany)
o Mitsubishi (Japan)
o Fanuc (Japan)
o Kawasaki Heavy Industries (Japan)
o Denso (Japan)
o Omron Adept Technologies (US)
o Nachi-Fujikoshi (Japan)
o Yaskawa (Japan)

"Top industrial robotics market for collaborative robots to grow at a high rate between 2018 and 2023"
The top industrial robotics market for collaborative robots is expected to grow at a significant rate between 2018 and 2023. The collaborative robots have a good return on investment (ROI) because they are easy to install and simple to program, and are well accepted by workers. These robots are being adopted at a significant rate owing to their safety features and advantages over industrial robots to perform certain tasks in various industries, and the rate of adoption is expected to grow during the forecast period.

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"Domestic applications to hold the largest share of the top service robotics market in 2018"
Domestic applications are expected to hold the largest share of the top service robotics market in 2018.Growing demand for domestic robots for domestic applications such as vacuum cleaning and lawn mowing is the key factor driving the growth of the market. However, the market for entertainment, education, and personal applications is expected to grow at the highest rate during the forecast period.

"APAC to hold the largest share of the top industrial robotics market in 2018"
APAC is expected to hold the largest share of the top industrial robotics market in 2018. The low cost of production, enabling various manufacturers to set up their manufacturing units in APAC, especially in countries such as China, South Korea, and India. Automating plant capabilities is another key trend adopted by manufacturers, which has boosted the demand for industrial robots in APAC.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%
o By Designation: C-level Executives = 35%, Directors= 25%, and Others = 40%
o By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%

Competitive Landscape of Top Robotics Market:
1 Introduction
2 Top Service Robotics Market Ranking Analysis, 2017
3 Competitive Situations and Trends
3.1 Product Launches
3.2 Partnerships and Collaborations
3.3 Expansions
3.4 Contracts and Agreements
3.5 Acquisitions

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Research Coverage:
Top robotics market refers to industrial and service robots that currently dominate the overall robotics market and hold significant potential for future diffusion and deployment across diversified application verticals. The top industrial robotics market has been segmented on the basis of type, industry, and geography. Depending on the type of robots, the market has been segmented into articulated robots, SCARA robots, Cartesian robots, parallel robots, and collaborative robots (cobots).

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