Global Industrial Robotics Market Outlook (2017-2026): Expected to Reach $97.41 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 7, 2018--The “Industrial Robotics - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Industrial Robotics market accounted for $35.59 billion in 2017 and is expected to reach $97.41 billion by 2026 growing at a CAGR of 11.8% during the forecast period.
Increase in investments for automation in industries, increase in demand for low-cost industrial robots and growing demand from SMEs in developing countries are the key driving factors for the market growth. However, high overall installation cost for low-volume production applications are some of the factors hindering the market growth.
Based on Category, the Articulated Robots segment accounted for considerable market share during the forecast period. With the ability to perform a multitude of tasks in industrial operations, articulated robots have witnessed extensive acceptance over the years, with the robots dominating the current landscape. Numerous industries are more deploying these robots to automate processes, adding to the demand for these systems.
Geographically, Asia Pacific is likely to hold the largest market share. The low cost of production, enabling a variety of manufacturers to set up their manufacturing units in APAC, particularly in countries such as China, Korea, and India, is the key factor driving the market in APAC.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Industrial Robotics Market, By Configuration
6 Global Industrial Robotics Market, By Payload
7 Global Industrial Robotics Market, By Component
8 Global Industrial Robotics Market, By Category
9 Global Industrial Robotics Market, By Application
10 Global Industrial Robotics Market, By End-User
11 Global Industrial Robotics Market, By Geography
12 Key Developments
13 Company ProfilingABB Ltd. Adept technology Apex automation & robotics CMA Robotics S.P.A Comau S.P.A Daihen Corporation Denso Corporation Ellison Fanuc Corporation Fujikosi Kawasaki Heavy Industries Ltd. Kuka AG Mitsubishi Electric Corporation Nachi-Fujikoshi Corp Omron Adept Technologies Inc. Panasonic Corporation Seiko Epson Corporation Stubli International AG Universal Robots A/S Yaskawa Electric Corporation
For more information about this report visit https://www.researchandmarkets.com/research/q6l7f7/global_industrial?w=4
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Related Topics:Robotics,Industrial Automation
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/07/2018 05:45 AM/DISC: 12/07/2018 05:45 AM