Press release
Industrial Robots Market to Exhibit a Remarkable CAGR of 11.4% by 2029 | Top Key Players: ABB Ltd, YASKAWAELECTRIC CORPORATION, NACHI-FUJIKOSHI CORP, Comau SpA, KUKA AG
The research provides an idea about various market inhibitors as well as market motivators in both a quantitative and qualitative approach with the purpose of providing users with accurate information. Using SWOT analysis, an appropriate explanation has been given for the market drivers as well as the market restraints. As a result, the Industrial Robots report functions as an important instrument for having risen in commercial operations, increases in the quality of work done, and increases in earnings.
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The Global Industrial Robots Market is anticipated to rise at a considerable rate during the forecast period, In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
The Global Industrial Robots Market Size accounted for USD 15.6 Billion in 2021 and is estimated to achieve a market size of USD 35.68 Billion by 2029 growing at a CAGR of 11.4% from 2022-2029
Who are the prominent players operating in the Industrial Robots Market?
ABB (Switzerland)
YASKAWA ELECTRIC CORPORATION (Japan)
Mitsubishi Electric Corporation (Japan)
NACHI-FUJIKOSHI CORP.(Japan)
ComauSpA (Italy)
KUKA AG(Germany)
FANUC CORPORATION(Japan)
DENSO CORPORATION. (Japan)
Kawasaki Heavy Industries, Ltd.(Japan)
Omron Corporation(Japan)
Industrial Robots Market Regional Growth
Rising Demand for Consumer Goods to Intensify Market Asia Pacific
The market in the Asia Pacific stood at USD 7.24 billion in 2020. The region's growth is attributed to growing automation in developing nations such as Japan, China, and India. The growing disposable income of people coupled with the surging population will contribute positively to the region's market growth. Moreover, the high production and consumption of consumer goods will spur demand for industrial robots. The surging demand for customized machinery in the automotive industry can further uplift the industrial robots market share in the Asia Pacific. Europe is expected to hold a considerable share in the market. The need for innovative robots in the automotive industry will boost the growth in the region.
Market Segmentation Overview
By Robot Type
Articulated
SCARA
Cylindrical
Cartesian/Linear
Parallel
Others (Delta, etc.)
By Application
Pick & Place
Welding & Soldering
Material Handling
Assembling
Cutting & Processing
Others (Painting, etc.)
By Industry
Automotive
Electrical & Electronics
Healthcare & Pharmaceutical
Food & Beverages
Rubber & Plastic
Metals & Machinery
Others (Construction, Defense, etc.)
By Region
North America
Europe
Asia Pacific
The Middle East & Africa
Latin America
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Reason to purchase this Industrial Robots Market Report:
Based on a thorough research of the worldwide Industrial Robots Markets projected trend for the upcoming years, choose potential investment opportunities.
Discover the opportunity each of these aspects presents by developing a thorough understanding of the underlying causes driving demand for various Industrial Robots Market categories in the world's top spending nations.
Improve your knowledge of the market's demand drivers, industry trends, and most recent technology advancements, among other things.
Determine the key channels driving the worldwide Industrial Robots Industry and then draw a clear picture of potential future opportunities that might be used to increase revenue.
Channel resources by concentrating on the ongoing projects being carried out by the various nations within the worldwide Industrial Robots Market.
Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Industrial Robots Industry providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
What are the market factors explained in the report?
Key Strategic Developments: The study includes key strategic developments of the Industrial Robots Market, comprising R&D, new product launches, mergers and acquisitions, agreements, partnerships, collaborations, joint ventures, and regional growth of key competitors operating in the market globally and regionally.
Key Market Features: The report analyzed key market features including price, revenue, capacity, supply/demand, capacity utilization rate, gross production, production rate, market share, consumption, import/export, cost, CAGR, and gross margin. Furthermore, the report also offers a comprehensive study of the key Industrial Robots Market dynamics and its latest trends, along with relevant market segments and sub-segments.
Analytical Tools: The Global Outsourced Industrial Robots Market report includes accurately researched and analyzed data on the key industry players and their scope in the market through various analytical tools. Analytical tools such as Porter's five forces analysis, feasibility study, and ROI analysis have been used to analyze the growth of the key players operating in the market.
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Frequently Asked Questions (FAQs):
What is the total CAGR expected to be recorded for the Industrial Robots Market during 2022-2029?
What are the driving factors for the Industrial Robots ?
Which are the significant players operating in the Industrial Robots Industry?
Which region will lead the Industrial Robots Market in the future?
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