Industrial Robotics Market to Increase from Top End-use Industries During the Forecast Period (2020-2025)

"Latest market study on ""Industrial Robotics Market to 2025 by Component by Types (Articulated, Cartesian, SCARA, and Collaborative); by Function (Soldering & Welding, Material Handling, Assembling & Disassembling, Painting & Dispensing, Milling, and Cutting & Processing) and Industry (Automotive, Medical & Pharmaceuticals, Electrical & Electronics, Rubber & Plastics, Metal & Machinery, and Food & Agriculture) - Global Analysis and Forecast", the Industrial Robotics Market is estimated to reach US$ 48166.9 million by 2025 from US$ 16847.6 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Asia Pacific holds the largest market for industrial robots. The manufacturing industry in the developing countries of Asia Pacific have experienced a seismic shift over the years, as they have established themselves as serious players, which has subsequently create a threat for the established manufacturers with their firm foothold in the developed nations.

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments.

The overall effect of the pandemic is impacting the production process of several industries including Technology, Media and Telecommunications, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Industrial Robotics Market globally. This report on 'Industrial Robotics Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

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Company Profiles:

o ABB Ltd.
o Kuka AG
o FANUC CORPORATION
o Toshiba Machine Co. Ltd.
o Mitsubishi Electric Corporation
o Comau SpA
o GE Inspection Robotics
o Yaskawa Electric Corporation
o Kawasaki Heavy Industries Ltd.
o Universal Robots A/S
o NACHI-FUJIKOSHI CORP.
o Fuji Robotics

The Asian manufacturing sector is known to rapidly adopt the innovation accelerators that includes robotics along with the emerging cloud and mobility technologies. Over the years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at a highest estimated growth rate. This dramatic growth in the manufacturing spends and adoption of novel technologies are the key factors fueling the demand for industrial robots.

The use of industrial robots by the electrical & electronics industry is experiencing a very high adoption. Majority of the manufactures in the electrical & electronics industry are located in APAC regions particularly, in countries such as Japan, Taiwan, South Korea, and China. All of the mentioned companies are noticing a significant adoption of industrial robots in the electrical & electronics industry. The growing demand for consumer electronics such as smartphones, tablets, and desktops owing to increasing affordability and decreasing prices of these products, is influencing the market growth.

The labor costs of the countries where these companies are located is constantly rising. For achieve better productivity and sustain in the competitive market, the electrical & electronics manufacturers are deploying industrial robots in their manufacturing facilities. For instance, in 2016, Foxconn Electronics, a Taiwanese manufacturing company of electronic brands such as Apple's iPhone, installed replaced 60,000 workers with industrial robots. China and South Korea comprises of the largest market share of industrial robots in the electrical & electronics industry.

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Reasons To Buy:

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global industrial robotics market
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the global industrial robotics market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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