Industrial Robotics Market Size Share Outlook Analysis 2022-2029

The Industrial Robotics Market is expected to grow at a CAGR of 11.6% during the forecast period 2022-2029. North America region has the highest market share in the Industrial Robotics Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

The rising demand for electronics necessitates an increase in production capacity and superior product quality, which is driving the expansion of the global Industrial Robotics market. Manufacturers are able to achieve uniform quality at a high capacity with the assistance of industrial robotics. The on-going trend toward automation and expanding technological advancements in the robot industry are also accelerating the demand for industrial robotics.

Industrial robotics adoption is also driven by factors like a lack of skilled workers and high labour costs worldwide. Industrial robotics solutions have been implemented by a number of businesses to cut labour costs and increase productivity. Even though purchasing a robot is expensive at first, once it is implemented, it increases profits, productivity, and efficiency. Cartesian, SCARA, Cylindrical, Delta, Polar, and Articulated are the types that make up the global Industrial Robotics Market. Due to the increased use of articulated robots in emerging economies' packaging and healthcare sectors, the segment of articulated robots held the largest share of the global industrial robotics market in 2016.However, because of the growing demand for cylinder robots in the industrial sectors of the Asia-Pacific region, the segment of customized and refurbished robots is expected to expand significantly in the near future.

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Market Segmentation:

By Type:
• Cartesian
• SCARA
• Cylindrical
• Delta
• Polar
• Articulated

By End-User Industry:
• Automotive
• Electricals/Electronics
• Metal/Heavy Machinery
• Chemical
• Rubber & Plastics
• Food
• Others

By Application:
• Arc Welding
• Spot Welding
• Material Handling
• Machine Tending
• Others

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Covered:

Mitsubishi Electric, ABB Robotics, Omron Adept Technologies, Fanuc Robotics, and Yaskawa Mo-toman, Epson Robotics, Kawasaki Heavy Industries, Staubli, Nachi-Fujikoshi, and Denso Corporation.

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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
We monitor and analyse the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.

This release was published on openPR.