Industrial Robotics Market is Penetrating at a High Growth Rate across the World; with Americas Region Holding the Largest Market Share!
Industrial Robotics Market Analysis: By Type (Cartesian, 6-axis, Scara, Others); By Application (Welding, Palletizing, Packaging, Material Handling, Others); By Industry (Food and Beverages, Automotive, Electronics, Others) - Forecast 2020 .
Industrial robots are automated machines that are designed to perform industrial tasks by the robotics companies. The significant advantages of using robots include production of finished quality products, reduction in waste quantity and total manufacturing cost and many others which boosts the demand of Industrial Robots Market across the globe.
Industrial robotics market is expected to grow at a CAGR of 4.4% with total revenue of $12.74 billion by 2020. Industrial Robots are a remarkable invention in the industrial sector that has changed the industrial automation processes. They are mainly used for material handling, welding, dispensing, processing, and assembly purposes.
APAC is the dominant region for the Industrial Robots Market. The rapid development of this market in this region is due to increasing investments by various industries in automation. China followed by Japan is the biggest market for industrial robots. In 2014, China held the leading position with a share of 25% of the total supply.
Europe is the second leading region in the Industrial Robots Market. Countries like Switzerland, Germany, UK, France and others influence the growth of this market with high implementation of automation in many of its industries. America is closely following Europe as third leading region in the market.
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The automotive industry and electrical & electronics industry are the major industries forming a significant aspect of the industrial robots demand across the globe boosting the global Industrial Robots Market in upcoming years.
The Industrial Robots Market is categorized into various segments by type, by application, by industry and by geography in the market research report by IndustryARC.
By type: articulated robot, cylindrical robot, linear robot, parallel robot, scara robot and others
By application: welding (laser welding, arc welding, gas welding), packaging and palletizing, material handling, assembling, industrial (measurement, inspection, testing, cutting, grinding), painting and others
By industry: automotive, electrical and electronics, food and beverages, metal fabrication, packaging and palletization, medical, chemical, construction and others
By geography: North America, South America, Europe, Asia Pacific and ROW
Some of the prominent robotics companies in the Industrial Robots Market research report by IndustryARC include:
- ABB Ltd. (Switzerland)
- KUKA AG (Germany)
- Kawasaki Robotics Inc. (U.S.)
- FANUC Corporation (Japan)
- Stäubli International AG (Switzerland)
The Industrial Robots Market is a boosting market with many huge corporations implementing robotic assistance in their industries for better precision and to increase the efficiency of the systems. This market is a profitable investment as it can be implemented in any industry domain for increasing effective performance of the system for production and services.
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