Albany, NY -- (SBWIRE) -- 10/12/2018 -- Need for seamless operational management encompassing perilous as well as repetitive tasks across industries has necessitated adoption of industrial robots. Additionally, rapid advancement in AI is further expected to pave new growth avenues in industrial robotics market. Market Research Hub (MRH) in its recent research report titled, 'Industrial Robotics: Global Markets to 2023' evaluates ongoing market developments and their corresponding implications on the growth of industrial robotics market.
Manufacturers in Industrial Robotics Market Bank upon Facility Modernization to Harbor Lead
Complying with escalating end-user demands, leading players in industrial robotics market are integrating resources for ample modernization initiatives to upgrade their production facility for enhanced operational efficiency. Further, leading players to sustain market dominance are also inclined towards cost reduction to ensure greater adoption.
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Kawasaki Heavy and ABB Unleash Next Gen Collaborative Robot (Cobot) for SMBs
As part of their mutual agreement to spearhead new developments in industrial robots, industry veterans Kawasaki Heavy and ABB had last year signed a collaborative venture to transform robotic functions in industrial scope. According to a recent report, the duo has affirmed their launch of common interface for collaborative robots aimed to address labor shortage across industries, without replacing human labor. The duo has introduced their new line of collaborative robot (cobot) at the renowned trade fair for smart automation and robotics in Germany. With this new venture the companies rae aimed to transform industrial robotics by replacing tedious operational training associated with traditional industrial robots.
Electrical and Electronics Manufacturing Segment Expected to Usher Maximum Revenue
The report bifurcates industrial robotics market based on end-use applications. In terms of applications, industrial robotics market is classified as motor vehicles, electrical and electronics manufacturing, F&B, plastics and rubber products amongst others. The report allows readers to attain pivotal business insights on the implications of market segments in harnessing growth besides allowing readers to identify the segment associated with surged revenue generation.
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Asia-Pacific Emerges as the Largest Regional Market for Industrial Robotics
In addition, the report also offers a comprehensive outlook of geographical scope of industrial robotics market based on which the market is segregated as Eastern and Western Europe, North and South America, Asia-Pacific, and Middle East and Africa. This section of the report etches core deductions on marketing strategies applied by leading market players and their impact on consumer response.
Competition Dashboard: Industrial Robotics Market
In-depth research elements housed in the report allows readers to evaluate the efficacy of marketing strategies in fostering growth besides attaining favorable end-user response such as their buying behavior. Noted players identified in industrial robotics market include, FANUC Corp., Yaskawa Electric Corp., ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd. amongst others.
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