Industrial Robotics Market Estimated to Expand at a Double-Digit CAGR ~17% through 2019 - 2029

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Industrial Robotics Market

• August 2019

Report Id REP-GB-285 Published On
Aug-2019 Category Industrial Automation and
Equipment
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Industrial Robotics Market Analysis

• Industrial Robotics Market is Poised to Exhibit A
  Moderate 17 CAGR through 2019 - 2029
• VALLEY COTTAGE -- A new market research report by
  Future Market Insights on the industrial robotics
  market includes global industry analysis
  20142018 and opportunity assessment 20192029.
  The report investigates the industrial robotics
  market and provides critical insights for the
  forecast period of 2019-2029.
• As per the findings of the report, the global
  industrial robotics market is projected to
  indicate substantial growth over the forecast
  period due to multiple driving factors such as
  adoption of Internet of Things (IoT) in
  industries and growing digitalization of
  manufacturing industry across geographies.
• The global industrial robotics market was valued
  at US 17 Bn in 2018 and is estimated to
  increase at a CAGR of 18 between the forecast
  periods of 2019 and 2029. This growth is driven
  by the increasing applications of industrial
  robotics in the automotive industry,
  electrical/electronics industry, and auxiliary
  industry, among others.

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Industrial Robotics Market Analysis

• East Asia is estimated to hold significant market
  share in terms of value in the global industrial
  robotics market. However, the South Asia market
  is projected to project lucrative growth in the
  global industrial robotics market over the
  forecast period of 2019-2029. This growth is
  propelled by the rapid growth in the factory
  automation rate in countries of South Asia and
  East Asia such as China, India, and Vietnam,
  among others. The economic condition of these
  countries have been evolving positively.
• Furthermore, macroeconomic factors such as
  growing population, rapid industrialization, and
  urbanization, are some of the factors driving the
  growth of the industrial robotics market. The
  automotive industry in East Asia has gained a
  considerably positive momentum over the past
  years, which has increased the adoption SCARA
  robots and articulated robots in the
  manufacturing process and is estimated to
  indicate the rewarding growth of industrial
  robotics market in the East Asia region.
• Automotive Industry to Remain Key End-use
  Industry of Industrial Robotics
• The global market of industrial robotics has been
  segmented on the basis of different types of
  industrial robots, their multiple applications,
  end use industries, and regions such as North
  America, South Asia, Europe, East Asia, and the
  Rest of the World.

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Industrial Robotics Market Analysis

• By product type, the articulated robots segment
  is estimated to hold a significant share of the
  global industrial robotics market in terms of
  value. This has mainly resulted from the rising
  productivity in manufacturing processes and
  improving quality of products. On the basis of
  end use, the automotive industry is estimated to
  hold substantial market share of the industrial
  robotics market in terms of value. This is driven
  by digitalization of manufacturing processes.
  Moreover, it is expected that the application of
  industrial robotics in the electrical/electronics
  industry will be prominent throughout the
  forecast period.
• On the basis of application, the handling
  operations segment is projected to consume
  majority share of the global industrial robotics
  market value. Also, the welding segment is
  estimated to project lucrative growth in the
  industrial robotics market over the forecast
  period
• Industrial Robotics Market Vendor Insights
• The report indicates some of the prominent market
  players, who are recognized as leaders in the
  global industrial robotics market. These key
  market players in the global industrial robotics
  market are Yaskawa Electric Corporation, FANUC
  Corporation, Kawasaki Heavy Industries Ltd, Kuka
  AG, Mitsubishi Electric, Teradyne Inc. (Universal
  Robots), ABB Ltd., Yamaha Motor Co., Ltd.,
  Hirata, Corporation, and Denso Wave Incorporated,
  among others.

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Industrial Robotics Market Analysis

• The global industrial robotics market is
  significantly consolidated with some players
  holding prominent shares of the market.
• Press-release Source -https//www.globenewswire.co
  m/news-release/2019/09/03/1909907/0/en/Industrial-
  Robotics-Market-is-expected-to-grow-at-a-CAGR-of-1
  7-during-the-forecast-period-of-2019-to-2029-Futur
  e-Market-Insights.html
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Industrial Robotics Market Analysis

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  inputs, valuable growth insights and an aerial
  view of the competitive framework and future
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