[134 Pages 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.
Pune, India -- (SBWIRE) -- 03/07/2016 -- The maximum growth for industrial robotics is expected in the automotive industry, as significant investments are being made by major automotive manufacturing industries in this market. The industrial robotics market in the electrical and electronics industry is expected to grow 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.
Articulated robots held the largest market share of all the types of robots in 2015; this market is expected to grow at the highest CAGR during the forecast period. Owing to their structure and operational capabilities, articulated robots are widely used by various industrial applications in the automotive and electrical and electronics industry among others.
Browse 70 market data Tables and 53 Figures spread through 134 Pages and in-depth TOC on "Industrial Robotics Market - Analysis & Forecast to 2022"
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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.
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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.
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.
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