February 19, 2021
According to the research report titled ‘Global Industrial Robotics Market (By Industry, Application, Region, and Company) and Forecast to 2026’ available with Market Study Report LLC, global industrial robotics market is anticipated to exceed a valuation of USD 25 billion by 2026.
The rapid expansion of global industrial robotics market can be largely attributed to ongoing technological advancements in the business sphere along with rising disposable incomes across the globe. Moreover, strong presence of prominent companies such as Kawasaki Heavy Industries Ltd., ABB Limited, and Mitsubishi Electric Corporation is also contributing to the industry expansion.
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Furthermore, innovative product launches, growing efforts of industry moguls to gain a competitive advantage in the vertical, and acquisitions, partnerships, mergers, and other strategic collaborations among market majors are positively swaying the overall market dynamics.
Global industrial robotics market analysis aims to deliver substantial information regarding the numerous growth stimulants, profitable prospects, restraints, challenges & limitations, and additional expansion trends influencing the growth matrix of this market space over the timeframe of 2020-2026. It also provides crucial comparative data regarding the current market trends as well as past records in order to reveal effective investment strategies in the ensuing years.
With that being said, the business intelligence report also illuminates the various market segmentations such as end-user terrain, application spectrum, and geographical reach. The report also talks about the numerous industry partakers, their relevant market share and growth strategies implemented to achieve a competitive advantage in this business spectrum.
Based on end-user terrain, global industrial robotics market is bifurcated into food & beverages, chemical, rubber & plastics, metal, electrical & electronics, and automotive among others.
The application spectrum of this business space is categorized into cutting & milling, dispensing & painting, assembling & disassembling, welding & soldering, material handling, and others.
Speaking of the geographical analysis conducted by the report, the industry is fragmented into Africa, Europe, Asia-Pacific, and North America.
Top contenders influencing the global industrial robotics industry trends are Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, ABB Limited, KUKA AG, Omron Corporation, Nachi-Fujikoshi Corp., Intuitive Surgical, Inc., and Yaskawa Electric Corporation among others.