Global Industrial Robotics Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
May. 17, 2018
DUBLIN--(BUSINESS WIRE)--May 17, 2018--The "Global Industrial Robotics Market - Segmented by Type, End-User, and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global industrial robots market was valued at USD 41.86 billion in 2017, and is expected to reach USD 73.51 billion by 2023, registering a CAGR of 9.84%, over the forecast period 2018-2023.
The Occupational Safety and Health Act of 1970 (OSHA) of the United States government has been promoting the use of automation and robotics in the factory to make work safer, thus protecting the physical well-being of the employee. Moreover, several regulatory standards have been prescribing threshold conditions in terms of temperature and environmental conditions, under which workers are supposed to perform their duties.
An articulated robot is a robotic arm that uses rotary joints to execute accurate movements constantly and steadily. Articulated robots are being used in the manufacturing sector for different applications, such as assembling, spraying, cutting, welding, dispensing, painting, material handling, and sealing. Articulated robots give more freedom than other robots. They give the manufacturer additional versatility, thereby making them more attractive.
North America is the largest market for smart solutions', with a major share held by the United States. The industrial sector in this region has recovered considerably after the recent recession, to regain its earlier growth levels. Moreover, increased focus on workplace safety has also been a major factor driving adoption of industrial robots.
Companies MentionedABB Ltd Yaskawa Electric Corporation Denso Corporation Fanuc Corporation Kuka Robotics Kawasaki Robotics Toshiba Corporation Panasonic Corporation Staubli Mechatronics Company Nachi Robotic Systems Inc. Yamaha Robotics
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Industrial Robots Market Segmentation
6. Analysis of Competitive Positioning of Key Vendors
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/9brzvx/global_industrial?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005737/en/
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Related Topics:Robotics,Industrial Automation
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 05/17/2018 08:53 AM/DISC: 05/17/2018 08:53 AM