Industrial and Construction Robots Market Forecast| Strong Economy to Propel Growth Through 2022| Technavio
LONDON--(BUSINESS WIRE)--Sep 21, 2018--The industrial and construction robotics market is expected to post a CAGR of 9% over the coming years. The boom in the global economy has led to an increase in the demand for consumer goods and infrastructure development in cities, which is propelling growth in the industrial and construction segments.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005301/en/
According to Technavio, the industrial and construction robotics market is expected to post a CAGR of 9% over the coming years (Graphic: Business Wire)
The rapidly growing population and increasing urbanization are propelling the consequent in the growing need for infrastructures such as offices, homes, hospitals, and hotels. The need for efficiency, increasing labor costs, and shortage of available workforce are factors encouraging the demand and adoption of industrial and construction robots.
According to Technavio, some of the biggest names in the industrial and construction robotics market include:Mitsubishi Electric ABB FANUC Construction Robotics Fujita Conjet
Mitsubishi Electric, a Japanese multinational corporation, is revolutionizing the by introducing industrial robots for factory automation equipment, vertical type robots for complex assembling, horizontal type robot for parts handling, and micro working robots for high precision.
Fujita, another Japanese company, is currently working on various projects involving robotics in construction. Lifco, a Swedish construction robotics company develops, manufactures, and sells demolition robots.
With over 200 reports on the robotics industry, Technavio’s specialized team monitors the industry from all aspect, from trending technologies to emerging markets, and provides insight into the present and future market scenario. Each report classifies the key drivers, latest trends, and challenges that the industry is currently experiencing. It also includes market positioning of the key players in the robotics industry.
Technavio’s research library covers different segments of the robotics industries such as , , robots in the healthcare sector, robotics in the automotive industry, robotics in heavy industry, and collaborative robots.
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180921005301/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 09/21/2018 09:40 AM/DISC: 09/21/2018 09:42 AM