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Industrial Robotics Market

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Global Industrial Robotics Market is majorly driven by a surge in labor charges worldwide, which in turn has enforced manufacturers to replace human labor with machines. Asia and Europe are the key growth regions of the world, with leading players, namely ABB, Fanuc, KUKA, Kawasaki, and the Yaskawa Electric Corporation being based out in the region. The global industrial production output is expected to witness moderate growth during the forecast period. The demand for industrial robotics is majorly observed in industries such as automobiles and heavy engineering. However, increased need for automation in non-conventional areas, such as microelectronics, has increased the demand of industrial robotics. Hence, an auxiliary channel utilizing industrial robotics has surfaced in the recent years. The heavy engineering sector is also responsible for the increased demand of industrial robotics. – PowerPoint PPT presentation

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Title: Industrial Robotics Market


1
Industrial Robotics Market
  • Global Opportunity Analysis and Industry
    Forecast, 2017-2023

2
The Global Industrial Robotics Market was valued
at 37,875 million in 2016, and is projected to
reach 70,715 billion by 2023, growing at a CAGR
of 9.4 from 2017 to 2023
  • Majorly driven by a surge in labor charges
    worldwide, which in turn has enforced
    manufacturers to replace human labor with
    machines
  • Asia and Europe are the key growth regions of the
    world, with leading players, namely ABB, Fanuc,
    KUKA, Kawasaki, and the Yaskawa Electric
    Corporation being based out in the region
  • The demand for industrial robotics is majorly
    observed in industries such as automobiles and
    heavy engineering

3
Segment Overview
  • The Articulated robots segment accounted for
    the maximum share in the global industrial
    robotics market in 2016, owing to increased usage
    of these robots in the packaging and healthcare
    sectors of the emerging economies
  • The Cylindrical robots and others segment
    comprising customized and refurbished robots, are
    expected to grow at a significant pace in the
    near future, owing to their increasing demand in
    industrial sectors in the Asia-Pacific region
  • The Automotive industry, the largest end user of
    industrial robots
  • The food and beverages segment is expected to
    witness the highest growth rate in the near
    future, owing to spiraling food and beverages
    industry across the globe

4
Segment Overview
  • The industrial robotics market is segmented based
    on function into soldering welding, materials
    handling, assembling disassembling, painting
    dispensing, milling, cutting, processing
    function, and others
  • In the functions segment, materials handling
    subsegment contributed the highest revenue in the
    global industrial robotics market
  • The Asia-Pacific region generated the highest
    revenue in the global industrial robotics market
    in 2016

5
TOP IMPACTING FACTORS
  • Increase in demand for automation and rapid
    growth in industrialization foster the use of
    industrial robots
  • labor wages are on the rise in the American and
    European markets, and Asia-Pacific is also
    expected to witness an upsurge in labor costs
    during the forecast period

6
Key players in the Industry
  • Daihen Corporation
  • Denso Corporation
  • Epson America, Inc.
  • Fanuc Ltd.
  • Kawasaki Heavy Industries Ltd.
  • KUKA Robotics Corporation
  • Mitsubishi Electric Corporation
  • Nachi Robotic Systems, Inc.
  • Panasonic Corporation
  • Universal Robotics
  • Yaskawa Electric Corporation

7
For More Details.. https//www.alliedmarketresear
ch.com/india-energy-management-systems-market
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