Industrial Robotics Market is Hike to reach US$ 48,166.9 Mn by 2025 With CAGR of 14.2% from 2018 to 2025 -Analysis by The Insight Partners

According to the new research report published by The Insight Partners, titled “Industrial Robotics Market– Global Analysis and Forecast to 2025”, the global industrial robotics market is expected to reach US$ 48,166.9 Mn in 2025, registering a CAGR of 14.2% during the forecast period 2018-2025.

The Industrial Robotics market is at its growing phase in certain countries and the infant stage in some developing countries. The industrial robotics market is further expected to flourish with increasing government support for automation in industries including, industrial robotics across the globe. One of the key factors propelling the market growth for industrial robotics is the constantly aging population of several countries worldwide resulting in increasing labor costs. Further, increasing support from governments is also bolstering the growth of the industrial robotics market.

The research report provides deep insights into the global market revenue, parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Industrial Robotics market during the forecast period, i.e., 2021–2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market based on product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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Electrical & Electronics industry gaining the market traction:
The Electrical & Electronics industry is one of the major industries propelling the growth of the industrial robotics market. The majority of electrical & electronics manufacturers are located in countries of the Asia Pacific such as Taiwan, South Korea, and China. According to IFR, the sale of industrial robots to the electrical and electronics industry increased by 41% i.e. 91300 units, which is approximately 31% of the total supply in 2016. The accelerating demand for electrical and electronic products particularly, by the growing population in emerging economies owing to their increased affordability is driving the market growth.

Major key players covered in this report:
ABB Ltd.
Kuka AG
FANUC CORPORATION
Toshiba Machine Co. Ltd.
Mitsubishi Electric Corporation
Comau SpA
GE Inspection Robotics
Yaskawa Electric Corporation
Kawasaki Heavy Industries Ltd.
Universal Robots A/S

Industrial Robotics Market Segmentation - By Type
1. Articulated Robots
2. Cartesian Robots
3. SCARA Robots
4. Collaborative Robots
5. Others

Market Segmentation - By Function
1. Soldering & Welding
2. Material Handling
3. Assembling & Disassembling
4. Painting & Dispensing
5. Milling
6. Cutting & Processing
7. Others

Market Segmentation - By Industry
Automotive
Medical & Pharmaceuticals
Electrical & Electronics
Rubber & Plastics
Metals and Machinery
Foods & Agriculture
Others

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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 guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Industrial Robotics market, thereby allowing players to develop effective long-term strategies to garner their market revenue.
• 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 restraining the growth at a certain extent.

Enhance the decision-making process by understanding the strategies that underpin commercial interest concerning products, segmentation, and industry verticals.

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This release was published on openPR.