Press release
Industrial Robotics Market Report Growth Analysis 2023 to 2032: Market Players Mitsubishi, Denso, Universal Robot
Industrial Robotics Market
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Prime Determinants of Growth:
The global industrial robotics market is experiencing growth due to several factors, such as high requirements for automation, high labor costs and a dearth of skilled human workforce, an increase in investments in R&D activities, and the availability of affordable and energy-efficient robots.
Industrial robots are advanced machines built to work in manufacturing and commercial environments, carrying out tasks that might be basic or complicated. These robots can independently carry out tasks such as welding, assembling, packaging, and material handling, owing to the combination of mechanical parts, electronic controls, and software programming used in their construction.
Report Coverage & Details:
Forecast Period: 2023-2032
Market Size in 2020: $38.0 Billion
Market Size in 2032: $163.0 Billion
CAGR: 12.6 %
No. of Pages in Report: 298
Segments Covered: Type, End user Industry, Function, and Region
Drivers :High requirement for automation
High labor costs and a dearth of skilled human workforce
Increase in investments in R&D activities
Availability of affordable and energy-efficient robots
Opportunities: Increase in application areas
Evolving robotics and AI industry
Restraints: High initial investment and installation costs
The threat of job displacement
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Segments Covered:
Based On Type:
The articulated segment to maintain its leadership status throughout the forecast period-
Based on end user industry:
The electrical and electronics segment to maintain its lead position during the forecast period-
Based on function:
The materials handling segment to rule the roost by 2032-
By Region:
North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Top Players:
Mitsubishi Electric Corporation, Denso Corporation, Universal Robots A/S, FANUC Corporation, ABB, KUKA AG, NACHI-FUJIKOSHI CORPORATION (NACHI ROBOTIC SYSTEMS, INC.), Seiko Epson Corporation., Panasonic Corporation, Kawasaki Heavy Industries, Ltd., Daihen Corporation Co., Ltd., Yaskawa Electric Corporation
Read More Reports:
Service Robotics Market - https://www.alliedmarketresearch.com/service-robotics-market
Construction Robotics Market - https://www.alliedmarketresearch.com/construction-robotics-market-A09408
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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