ALBANY, New York, July 6, 2015 /PRNewswire/ --
A recently released report from Transparency Market Research
(TMR) forecasts that the global industrial robotics market will
grow at a CAGR of 6.2% between 2014 and 2020. TMR, a market
intelligence firm based in the U.S., states that the global
industrial robotics market will reach a market value of
US$44.48 billion by 2020, growing
from US$28.93 million in 2013. The
report, titled "Industrial Robotics Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast,
2014 - 2020" is
available for sale on the website. According to this market
research report, factors such as the widespread adoption of
robotics in small and medium enterprises and rising labor costs
drive the global industrial robotics market. High investment in
research and development activities and reduction of duties,
especially in the regions of Asia
Pacific and Rest of the World, are other main factors that
will propel the overall industrial robotics market. Greater use of
robotics in manufacturing and strategic business expansion
initiatives will create several growth opportunities in the global
industrial robotics market in the forecast period.
Full Research Report on Industrial Robotics Market
with detailed figures and segmentation at:
http://www.transparencymarketresearch.com/global-industrial-robotics-market.html
The TMR report segments the global industrial robotics market on
the basis of type, industry, function, and geography. According to
type, this market is classified into cylindrical, Selective
Compliant Assembly Robot Arm (SCARA), Cartesian, and articulated
robots. On the basis of industry, the global industrial robotics
market is segmented into precision and optics, food and beverages,
metals, machinery, rubber, chemicals and plastics, electrical and
electronics, and automotive. Precision and optics, metals, and food
and beverages are the three industrial segments that will lead
overall demand for industrial robots in the forthcoming years.
Based on function, the report segments the global industrial
robotics market into milling, cutting and processing, painting and
dispensing, assembling and disassembling, materials handling,
soldering and welding, and others. In 2013, the materials handling
segment held the largest share in the global market.
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From the regional perspective, the report categorizes the global
industrial robotics market into Asia
Pacific, Europe,
North America, and Rest of the
World. In terms of revenue, the global industrial robotics market
was led by Asia Pacific in 2013.
The growth of the Asia Pacific
industrial robotics market can be attributed to intensive research
and development activities in economies such as India, China,
Australia, and Japan. It is anticipated that much of the
demand for industrial robotics in Asia
Pacific will come from small and medium enterprises that
will take to robotic applications on a massive scale in the years
to come. In North America,
Mexico is expected to be a
promising market for industrial robotics.
Browse the Press Release of this report, here:
http://www.transparencymarketresearch.com/pressrelease/global-industrial-robotics-market.htm
Stagnating industrial manufacturing and postponement of
investment owing to high costs of capital will have an adverse
impact on the performance of the global industrial robotics market
in the forthcoming years. The prominent companies in the global
industrial robotics market are Yaskawa Motoman Robotics, Universal
Robots, Panasonic Corporation, Nachi Robotic Systems Inc., KUKA
Robotics Corporation, FANUC Ltd., and Denso Corporation.
Industrial Robotics Market: By geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Industrial Robotics Market: By types
- Cartesian
- Articulated
- Cylindrical
- SCARA
- Othersā
Browse the Article of this report,
here: http://www.transparencymarketresearch.com/article/global-industrial-robotics-industry.htm
Industrial Robotics Market: By industry
- Electrical & Electronics
- Automotive
- Machinery
- Chemical, Rubber & Plastics
- Food & Beverages
- Metals
- Precision & Optics
- Others
Industrial Robotics Market: By function
- Materials Handling
- Milling, Cutting and Processing
- Soldering and Welding
- Painting and Dispensing
- Assembling & Disassembling
- Others
Other Published Reports by Transparency Market
Research:
- Industrial Controls System Market:
http://www.transparencymarketresearch.com/industrial-controls-market.html
- Consumer Electronics Market:
http://www.transparencymarketresearch.com/consumer-electronics-market.html
- Large Power Transformers Market:
http://www.transparencymarketresearch.com/power-transformer-market.html
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Transparency Market Research is a global market intelligence
company, providing global business information reports and
services. Our exclusive blend of quantitative forecasting and
trends analysis provides forward-looking insight for thousands of
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trends and information. With a broad research and analysis
capability, Transparency Market Research employs rigorous primary
and secondary research techniques in developing distinctive data
sets and research material for business reports.
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