Industrial Robotics Market Overview
The Global Industrial Robotics Market is projected to grow at a CAGR of 13.5% during the forecast period.
Competitive Analysis
In this study, MRFR has analyzed major players such as ABB, Mitsubishi Electric Corporation, Seiko Epson, DENSO CORPORATION, FANUC CORPORATION, OMRON CORPORATION, Kawasaki Heavy Industries, Ltd, Nachi-Fujikoshi Corp KUKA AG, Yaskawa Electric Corporation, Universal Robots A/S, COMAU, CMA ROBOTICS, ST ROBOTICS, and Yamaha Motor Co., Ltd that have contributed a significant share to the growth of the global industrial robotics market.
Regional Analysis
The geographic analysis of the industrial robotics industry has been conducted for the North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Get a Free Sample Copy@ https://www.marketresearchfuture.com/sample_request/1933
North America is one of the earliest adopters of industrial robotics owing to the rapid adoption of smart factories and industrial automation. The region is also one of the leading automotive manufacturing markets after Europe and Asia. One of the prime factors for the growth of the industrial robotics market in North America can also be attributed to the developments in the medical and healthcare industries. The US is the leading country in terms of the adoption rate of robots, followed by Canada and Mexico. On the other hand, Mexico is expected to show a significant growth rate owing to the deployment of smart factories and the rapidly developing automotive sector.
The European robotics market is growing due to its increasing adoption in industrial and domestic space and extensive adoption of cutting-edge robotics technology. The top European countries with the highest number of industrial robots include Germany, Sweden, Denmark, and Italy. The market is expected to drive autonomous devices and machine learning capabilities. Moreover, the shift in energy efficiency-driven technology is driving the industrial robotics market. Further, the presence of key players such as Kuka AG, Bosch GmBH, and others are forming opportunities for the growth of the industrial robot market.
Asia-Pacific is an emerging and leading market for robotics technology. The major countries with the highest number of industrial robots include South Korea, Singapore, Japan, China, Thailand, Malaysia, and India. Moreover, advancements in camera and sensor technologies are propelling the demand for robots in Asia-Pacific. There is a high demand for industrial robots among multiple industries such as automotive, metals & mining, food & beverage, and healthcare. The major factors contributing to the regional market’s growth include increased government support in China, Japan, South Korea, and India.
Get Complete Report Details@ https://www.marketresearchfuture.com/reports/industrial-robotics-market-1933
The Middle East & Africa comprises Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, Egypt, South Africa, and the Rest of Middle East & Africa. The Middle East & Africa is an emerging market for industrial robotics. The region has registered high growth in the chemical, healthcare, and food & beverage industries with augmented reality implications. Moreover, the increasing adoption of advanced technology and solutions has encouraged the manufacturers to efficiently manufacture the devices, thereby boosting the growth of the industrial robotics industry.
South America has the slowest robot adoption rate as compared to other regions. However, the increased use of industrial robots as part of industrial automation has become mandatory by governments in several South American countries, which boosts the growth of the industrial robotics market. Phoenix Control Systems Ltd has been actively planning to introduce small robotic production cells in the South American market.
Check Discount@ https://www.marketresearchfuture.com/check-discount/1933
Industrial Robotics Market Segmental Analysis
The global market has been segmented on the basis of type, application, and end user.
Based on type, global industrial robotics market is bifurcated into articulated, cartesian, parallel, SCARA, collaborative, cylindrical, others.
Based on application, the global industrial robotics market has been segmented into material handling, welding, assembling, palletizing, packaging, painting, others.
Based on end user, the global industrial robotics market has been segmented automotive, consumer electronics, aerospace & defense, plastics, rubber, and chemicals, food & beverages, healthcare & pharmaceuticals, metals and mining, others.
Related Reports:
Earphone and Headphone Market Research Report: by Type by Application and by Region – Forecast till 2030
Hard Disk Market Research Report: Information by Type, Application, and Region —Forecast till 2030
Soft Robotics Market Research Report: By Typ, by Application, by Region – Forecast till 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.