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Industrial Robotics Market New Launches, Innovations, and Top Winning Strategies 2030 | By Composition, Type, Application, End User
Industrial Robotics Market
The key factor accelerating the market for industrial robotics is a sudden spur in global industrial output. To emerge from a cyclical slump, the industrial robotics business requires some level of innovation, similar to the automobile or heavy engineering markets. . In addition, shift in political scenarios, such as in India, is expected to see an end to policy paralysis and a boost to industrial productivity, leading to a significant turnaround in the automobile industry as rise in automation in automobile industry will led to installation of industrial robots.
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Furthermore, industrial robotics is expected to be used in alternative application areas in growing markets. Electronics is a key area for penetration of industrial robotics and is witnessing significant growth. Another key application of industrial robotics is in the healthcare industry. Nanorobotics, a part of industrial robotics, is gaining momentum in healthcare and other niche markets. Nano robots help in mixing the right compound as per instructions and result in decreasing lead time, which, in turn, helps the company to meet the demand for medicines they are manufacturing from the consumer in the market.
Increase in demand for automation along with reduction of duties on refurbished goods in Asia-Pacific fuels the market growth. In addition, cylindrical robots and other types of robots, such as customized and refurbished robots, are expected to grow at a significant pace in the future, due to the increase in demand in industrial sectors in Asia-Pacific.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering of the industrial robotics market growth. However, this situation is expected to improve as government is relaxing norms across the globe for resuming business activities.
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Regional Analysis:
Region wise, the industrial robotics market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global industrial robotics market share, and LAMEA is anticipated to secure a leading position during the forecast period.
Leading Players:
The major players profiled in the industrial robotics market include ABB, DAIHEN Corporation, Denso Corporation, Epson America, Inc., Fanuc Corporation, Kawasaki Heavy Industries Ltd., Kobe Steel, Ltd., Kuka AG, Mitsubishi Electric Corporation, and Yaskawa Electric Corporation.
Key Findings Of The Study
• The report provides an extensive analysis of the current and emerging global industrial robotics market Analysis and dynamics.
• On the basis of type, the articulated segment was the largest revenue generator in 2020.
• By industry, the electrical & electronics segment generated the highest revenue in 2020.
• On the basis of function, the materials handling segment dominated the market in 2020.
• Region wise, Asia-Pacific is anticipated to dominate the market throughout the forecast period.
• The report provides an extensive analysis of the global industrial robotics market trends and emerging opportunities of the market.
• The global industrial robotics market forecast analysis from 2021 to 2030 is included in the report.
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