In terms of volume, the global industrial robots market will register a CAGR of over 15% throughout the forecast period (2017-2026)
Albany, NY -- (SBWIRE) -- 05/01/2018 -- In the present day scenario, robots have become progressively efficient in terms of offering workforce. The tasks at hand are majorly repetitive and dangerous, such as de-burring and grinding. Further, in a way to reduce operational costs and abide government scrutiny, the adoption of robots has indeed witnessed a major rise across heavy industries. Hence, for studying the overall market for industrial robots, a new research analysis has been included to the wide database of Market Research Reports Search Engine (MRRSE). This report is titled "Industrial Robots Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2026)", which talks about the global sales as well as expected trends planned to impact the concerned market in the coming years.
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This research report focuses on the technological developments as well as innovations which are going to hit the global market for industrial robots. As per key research findings, the industrial robots market is expected to register a significant CAGR of over 15% during the forecast period (2017-2026). This research analysis starts with the market overview that comprises of market size, Y-o-Y growth and market dynamics. Each of these factors are essential is decoding the market nature as a result of influential aspects such as drivers and restraints. Furthermore, readers can access knowledge about the supply chain, PLC analysis, pricing analysis and cost structure.
Considering the regional analysis, growing popularity of smart factories across Asia-Pacific excluding Japan has involved the execution of high standards for precision and quality of products. This in turn is propelling the implementation of industrial robots in the particular region. It has been noted that, APEJ would continue to grow as the largest market for industrial robots based on volume. The other regions studied in the report are Europe, North America, Middle East & Africa, Japan and Latin America.
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According to research insights, increased demand associated to passenger cars, with ensuing requirement for their inspection has caused a major boom in the automotive sector. This in turn has motivated the adoption of industrial robots across this sector. Presently the automotive industry is primarily field where industrial robots find their prominent end use, in terms of volume. Moreover, this trend is anticipated to continue during the forecast period. The concluding part of the report discourses the key players operating in the global industrial robots market. Some of these players are Denso Corporation, Brenton, LLC, Kawasaki Heavy Industries, Krones AG, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, KUKA AG, ABB Limited and Fanuc Corporation.
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