Industrial Robotics Market is Driven by the Rising Advances in Cost-Effective Technologies- MRFR Releases Insights for 2016–2022

Market Research Future (MRFR) highlights that the global Industrial Robotics Market valuation is projected to reach USD 81 BN by 2022, growing at approximately 14% CAGR throughout the review period (2016 – 2022). The COVID 19 pandemic has accelerated the digital transformation, promoting social distancing. The epidemic has also fostered automation in distinct technology areas, increasing uses of technologies such as 5G, cloud/edge, and artificial intelligence.

The industrial robotics market is garnering substantial traction, mainly due to the rapid industrialization across the globe. Besides, the market growth mainly attributes to the rising demand for automated, programmable machines to reduce the tiring efforts of producing & manufacturing consumer goods. Moreover, rising uptake of articulated, SCARA, and Cartesian robots across the rapidly growing industries escalate market growth.

Additionally, the high demand for robotics, especially in manufacturing sectors, and growing investments in the automotive industry, boost the growth of the market. Also, growing technological advances and adoption of robotics in small & medium size organizations accelerate market growth. Furthermore, the advantages of articulated robots, such as the reduced overall production cost, substantiate the size of the market.

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Major Players:
Players leading the global industrial robotics market are Denso Corporation (Japan), ABB Ltd. (Switzerland), Kuka AG (Germany), Bosch GmbH (Germany), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Fanuc Corporation (Japan), Toshiba Corporation (Japan), and Rockwell Automation, Inc. (US), among others.

Global Industrial Robotics Market- Segments
By Types: Cartesian, Articulated, SCARA, Delta, Redundant, 6-Axis Robots, Dual-Arm & Parallel Robotics, and others.
By Application: Welding, Material Handling, Assembling, Painting, Palletizing, and others.
By End-Users: Electronics, Automotive, Rubber & Plastic, Food & Beverage, Entertainment, Pharmaceuticals, and others.
By Regions: Asia Pacific, Americas, Europe, and Rest-of-the-World.

Global Industrial Robotics Market- Regional Analysis
The Asia Pacific region dominates the global industrial robotics market. Japan is the leading market of industrial robotics, followed by China and India, respectively. With its vast investments in the development of articulated robotics and the manufacturing processes, India demonstrates the maximum potential to grow during the assessment period.

Europe, with more than 50% of industries, stands second in the global industrial robotics market. Maximum industries in the region have implemented robotics technology to operate their activities. The market growth is driven by the strong presence of auto manufacturers and the need for automated vehicle manufacturing processes.

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Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Industrial Robotics Market Segmentation
8. Industrial Robotics Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
Continued…….

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This release was published on openPR.