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Industrial Robotics Market worth 79.58 Billion USD by 2022


News provided by

MarketsandMarkets

16 Feb, 2016, 17:49 GMT

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PUNE, India, February 16, 2016 /PRNewswire/ --

According to the new market research report "Industrial Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical, Parallel), Application (Automotive, Electrical and Electronics, and Metal and Machinery), Component (Controller, Sensors, Drive), and Geography - Analysis & Forecast to 2022", published by MarketsandMarkets, the market is expected to grow at CAGR of 11.92% between 2016 and 2022, and reach USD 79.58 Billion by 2022.

Browse 70 market data Tables and 53 Figures spread through 134 Pages and in-depth TOC on "Industrial Robotics Market"

http://www.marketsandmarkets.com/Market-Reports/Industrial-Robotics-Market-643.html
Early buyers will receive 10% customization on this report.

The report includes an in-depth analysis of the market segmented on the basis of type, component, industry, and geography. The growth of the market is majorly attributed to the adoption of automation to ensure quality production while meeting market demand as well as the growing demand from small- and medium-scale enterprises in developing countries.

Articulated robots are expected to lead the global industrial robotics market 

Articulated robots held the major share of the market in 2015, and this market is expected to grow at the highest CAGR between 2016 and 2022. Owing to the structure and operational capabilities of articulated arm robots, they are widely used by various industrial applications in the automotive and electrical and electronics industry among others.

The APAC market is expected to grow at the highest CAGR between 2016 and 2022 

The APAC market is expected to grow at the highest CAGR between 2016 and 2022. The main drivers for this growth are the demand for collaborative industrial robots from small- and medium-scale enterprises in China, Japan, South Korea, and India as well as the growing investments in countries such as India to boost manufacturing under projects such as Make in India.

Electrical and electronics industry is expected to grow at the highest CAGR between 2016 and 2022 

The market for industrial robotics in the electrical and electronics industry is expected to grow at the highest CAGR between 2016 and 2022 owing to the introduction of new electronic products into the market, the miniaturization of electrical and electronics equipment, and complexity in manufacturing processes.

The major players in the Industrial Robotics Market are ABB Ltd. (Switzerland), KUKA AG (Germany),FANUC Corp. (Japan), Yaskawa Electric Corp. (Japan), and Kawasaki Heavy Industries Ltd. (Japan) among others.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=643

In this research report, the global industrial robotics market is segmented on the basis of type, component, industry, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the industrial robotics market. The Porter's five forces analysis has been included in the report, along with a description of each of its forces and its respective impact on the global industrial robotics market. This report gives a detailed view of the market across geographies, namely, the Americas, Europe, Asia-Pacific, and RoW. APAC dominated the market in terms of revenue generation in 2015. Major automotive manufacturing companies are investing immensely in the APAC region, thus attracting new players toward the industrial robotics market.

Browse Related Reports 

Smart Robots Market by Component (Software, Hardware), Application (Collaborative Industrial Robots, Personal Service Robots, Professional Service Robots), by Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/smart-robots-market-48470534.html

Material Handling Systems Market by Product (AGV, AS/RS, Automated Crane, Robotic System), System Type, Operation, Application (Automotive, Chemical, Food & Beverages, Healthcare, Metal Manufacturing), and Region - Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/automated-material-handling-manufacturing-market-92483121.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to 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 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, 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 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 gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

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