In a recently published report, Industrial Robotics Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Industrial Robotics Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Industrial Robotics Market is valued approximately USD 44.6 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.2 % over the forecast period 2019-2026. Industrial robots exhibit the caliber to operate within strong manufacturing arrangements and operators, releasing the need for further structural or infrastructural expenditures. Industrial runners are incorporating industrial robots amongst the technicians and facilities owing to their small manufacturing footprint, eradicating the need for a separate chamber. Automakers are implementing laser cutting operation and laser welding application at the plants with the aid of industrial robots, on grounds of better positioning accuracy and higher speed.
Robotic lasers adjust the beam focal length and working angle, resulting in faster welding at two laser stitches per second. Further, Technological advancements and decreasing costs are making industrial robots more affordable to SMEs and are enabling seamless incorporation and programming. Shortage of labor and increasing manufacturing requirements is driving the need and acceptance for automation. Rising penetration of collaborative robots in various industries is another factor driving the market.
The regional analysis of global Industrial Robotics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the Rapid Industrialization and Automation and High Labor Cost and Lack of Skilled Workforce. A total of about 261,800 units were sold in 2017, a rise of 37% more than the global sales volume of 2015 (253,300) was reached in this region. This was the highest sales level ever recorded for the fifth year in a row.
Major market player included in this report are:
ABB (Switzerland)
YASKAWA (Japan)
FANUC (Japan)
KUKA (Germany)
Mitsubishi Electric (Japan)
Kawasaki Heavy Industries (Japan)
DENSO (Japan)
NACHI-FUJIKOSHI (Japan)
EPSON (Japan)
Dürr (Germany)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Articulated Robots
Collaborative Robots
By Application:
Handling
Assembling
Welding
Processing
Dispensing
Others
By Industry:
Automotive
Electrical & Electronics
Metals & Machinery
Food & Beverages
Precision Engineering
Pharmaceuticals & Cosmetics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Industrial Robotics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor
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