Global Industrial Robotics Market To Reach US$ 79 Billion By 202 - Erie News Now | WICU & WSEE in Erie, PA

Global Industrial Robotics Market To Reach US$ 79 Billion By 2022

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The global industrial robotics market is expected to reach US$ 79 billion by 2022, registering a compound annual growth rate (CAGR) of 11.5% during the forecast period. The adoption of automation to ensure quality production and meet the market demand, along with the rising demand from small- and medium-scale enterprises in developing countries are driving the industrial robotics market. However, the lack of skilled workforce in automated manufacturing units is hampering the growth of the industrial robotics market.

In this report, the global industrial robotics market is segmented by type, industry, component, and region. On the basis of type, the market is segmented into traditional industrial robotics and collaborative industrial robotics. The traditional industrial robotics segment is subdivided into articulated, cylindrical, cartesian, parallel, SCARA, and others. The market on the basis of industry is segmented into automotive, chemical rubber and plastic, electrical and electronics, food and beverages, metal and machinery, and precision and optics. The industrial robotics market is segmented on components into controller, robotic arm, drive, end effector, sensors, and others. The drive segment is further segmented into hydraulic drive, electric drive, and pneumatic drive.

The global industrial robotics market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, and Rest of the World that includes South America and the Middle East and Africa. Furthermore, each region is segmented to provide market revenue for countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Russia, Brazil, and GCC countries. The report includes a detailed study of the global and regional industrial robotics market and analyzes the variations in the growth of the industry in certain regions.

FANUC Corp., Yaskawa Electric Corp., ABB Ltd., KUKA AG, and Kawasaki Heavy Industries Ltd. are the most active players in the industrial robotics market.

A glimpse of the report structure is provided in the report description available on the website.

https://www.marketresearchengine.com/Industrial-Robotics-Market

This report covers the industrial robotics market, in terms of value, and forecasts the market size till 2024. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The report provides global industrial robotics market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022. This deep-dive study on the industrial robotics market will help customers with identifications of new market opportunities and targeted promotional plans.

 

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Source: http://www.financeswire.com/global-industrial-robotics-market-to-reach-us-79-billion-by-2022

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