Industrial Robots Market Growth, Industry Outlook and Opportunities | DataM Intelligence
The global industrial robotics market is expected to grow at a high CAGR of 13.15% during the forecast period (2021-2028).
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CLEVELAND, OHIO, USA, Feb. 8, 2022 /EINPresswire.com/ —
The number of robotic installations in the electrical and electronics industry has accelerated significantly over the years. Excessive investment in the electronics industry is the main reason for the call for commercial robotics in the industry.
As defined by means of the requirements of the ISO 8373 standard, the industrial robot is “a versatile, reprogrammable, mechanically controlled manipulator, programmable in three or more axes”. Today, industrial robots are increasingly being installed in various industries including food and packaging, vehicles, electronics, and many more. New technological features are making the production industry more performance-smart by minimizing illness, waste and downtime. In order to triumph over the constraints of traditional labor work in industries and beautify the ability of operators, commercial robotics has evolved. The installation of industrial robots also makes it possible to benefit from a competitive advantage with the help of a greater dynamic of the business mode.
The dossier covers all the major traits and drivers playing a significant role in the growth of the industrial robotics market. The global industrial robotics market has been segmented on the basis of geography, type, consumer shutdown industry, and application.
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The growth of the global industrial robotics market is driven by the growing demand for electronics which calls for growth in production capacity alongside excessive product satisfaction. The use of corporate robotics helps manufacturers gain excess capacity with a first-class uniform.
The call for industrial robotics is also accelerating due to the current trend towards automation and increasing technological improvements within the robotics industry. Factors such as scarcity of skilled labor and excessive workloads are putting additional pressure on the adoption of industrial robotics in various industries around the world. Several companies have applied commercial robotic solutions to reduce labor costs and improve performance. Although the initial cost of purchasing a robot is high, as soon as it is implemented, it offers high productivity, efficiency and revenue.
By End User Industry
Chemicals, rubber and plastics
Middle East and Africa
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The global industrial robotics market is fragmented with the presence of global and regional players in the market. Consumer awareness through aggressive marketing strategies and higher product visibility in the retail space are other measures taken by market players to generate demand.
Intense rivalry among the major market players has initiated fierce competition at various levels such as driving aggressive marketing strategies, launching new and innovative products, and competitive pricing.
Some of the major market players are Mitsubishi Electric, ABB Robotics, Omron Adept Technologies, Fanuc Robotics, and Yaskawa Mo-toman. Other prominent players in the market include Epson Robotics, Kawasaki Heavy Industries, Staubli, Nachi-Fujikoshi, and Denso Corporation.
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