ReportsWeb Research's latest report, “Global Industrial Robotics Market Insights Forecast to 2025”, provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Industrial Robotics market is expected to grow US$ 48,166.9 million by 2025 from US$ 16,847.6 million in 2017. The sales of industrial robotics is largely influenced by numerous factors.
On the basis of types, articulated robots are dominating the global industrial robotics market owing to their varied applications in different industries including automotive. Further, collaborative robots are experiencing the highest CAGR attributed to their high adaptability and low-cost as well as plug and play system type, resulting in high adoption of these robots by SMEs.
Rise in the aging population worldwide which is leading to labor shortage is one of the major factors driving the growth of industrial robotics market. Certain countries such as Japan & Italy are in the list of top two countries of aging population proportion as a huge proportion of their population is above 65 years.
Further, increasing demand for accuracy and fast production is influencing the growth trends of the market.
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The "Global Industrial Robotics Market Analysis to 2025" is a specialized and in-depth study of the Industrial Robotics industry with a focus on the global market trend. The report aims to provide an overview of global Industrial Robotics market with detailed market segmentation by type, component, end users and geography.
The global Industrial Robotics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
Japan’s population comprises of the largest number old citizens worldwide, in 2014, around 25.8% of the country’s population was aged 65 years or older, which increased to 26.3% in 2015, and is anticipated to nearly increase to one-third of Japan’s population by 2030. The rise in aging population has created a labor shortage problem globally thus, demanding a rise in penetration of industrial automation and robotics
High capital investment required for initial deployment of industrial robots may arise as a restraining factor in the market, which is limiting the adoption of industrial robots, particularly by SMEs. SMEs find the labor inexpensive than the deployment of industrial robots, especially in the developing countries.
Therefore, this factor is one of the major factor that would restrict the market growth.
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The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market.
It also provides the overview and forecast for the global industrial robotics market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis.
The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the industrial robotics industry.
Also, key Industrial Robotics market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Some of the key players influencing the market are ABB, Kuka AG, FANUC CORPORATION, Toshiba Machine, Mitsubishi Electric Corporation, Comau SpA, GE Inspection Robotics, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Universal Robots A/S, NACHI-FUJIKOSHI CORP, Fuji Robotics, Clearpath Robotics Inc, AgEagle Aerial Systems, AIRBORNE ROBOTICS GMBH, Aquabotix Technology Corporation, Bastian Solutions, DEEP TREKKER INC, DENSO WAVE INCORPORATED, Fetch Robotics, General Dynamics Mission Systems, Honeybee Robotics, Locus Robotics, Inuktun Services Ltd, Kongsberg Maritime, OPENROV CA, Precise Automation, iFuture Robotics, inVia Robotics, GEEK+ INC.
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