Industrial Robotics Market is Estimated to Reach $40.08 Billion by 2020 - New Report by MarketsandMarkets

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The report also provides the competitive landscape of the key players, which indicates the growth strategy of the industrial robotics market. (



The major players in industrial robotics market are FANUC Corp. (Japan), YASKAWA Electric Corp. (Japan), ABB Ltd. (Switzerland), KUKA AG (Germany), and Kawasaki Heavy Industries Ltd. (Japan), among others.

According to a new market research report "Industrial Robotics Market by Type, Component, Function, Industry (Automotive, Electrical & Electronic, Chemical, Rubber, & Plastic, Metal & Machinery, Food & Beverages, Pharmaceutical, & Construction), & Geography - Analysis & Forecast to 2014 - 2020", the market for industrial robotics is estimated to reach $40.08 Billion by 2020, at a CAGR of 5.2% from 2014 to 2020. This report includes an in-depth analysis of the market by type, component, function, industry, and geography.

Browse 101 market data tables and 121 figures spread through 215 pages and in-depth TOC on "Industrial Robotics Market"

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The industrial robotics market is expected to grow at a relatively slow pace in the coming years. This market has been majorly driven by factors such as the growth of the non-automotive applications of industrial robots, increased use in emerging countries, increased productivity, and reduction in the manufacturing costs. APAC is the major market for industrial robotics due to the developments made in the region and the huge amount of investments made by the automotive manufacturing companies in the region in order to go global.

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Japan currently accounts for the largest robot market in the world. FANUC Corp. (Japan) recently launched an energy efficient universal palletizing robot, which delivers better wrist load and greater throughput. The automotive industry, in terms of industrial robotics, is expected to be the largest contributor in terms of the market size among all the industries, as immense investments have been made by the major automotive manufacturing industries in the industrial robotics market. The welding robot market is expected to grow at a higher CAGR then the other function robots in the near future, due to its increasing demand.

In the industrial robotics market report, the articulated robots account for the largest percentage share, followed by the Cartesian/gantry robots; whereas, in the function market, the material handling robot is the highest contributor. The automotive industry holds the major market share in the industry market; and in case of the geography wise market analysis, the APAC leads the industrial robotics market currently.

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MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1,700 global fortune enterprises with more than 1,200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 full-time analysts and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, and identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT," connects over 200,000 markets and entire value chains for a deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports give complete visibility of how the numbers have been arrived at and defend the accuracy of the numbers.

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Mr. Rohan
since: 04/2009
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