Industrial Robotics Market

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Industrial Robotics Market

• Global Opportunity Analysis and Industry
  Forecast, 2017-2023

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The Global Industrial Robotics Market was valued
at 37,875 million in 2016, and is projected to
reach 70,715 billion by 2023, growing at a CAGR
of 9.4 from 2017 to 2023

• Majorly driven by a surge in labor charges
  worldwide, which in turn has enforced
  manufacturers to replace human labor with
  machines
• Asia and Europe are the key growth regions of the
  world, with leading players, namely ABB, Fanuc,
  KUKA, Kawasaki, and the Yaskawa Electric
  Corporation being based out in the region
• The demand for industrial robotics is majorly
  observed in industries such as automobiles and
  heavy engineering

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Segment Overview

• The Articulated robots segment accounted for
  the maximum share in the global industrial
  robotics market in 2016, owing to increased usage
  of these robots in the packaging and healthcare
  sectors of the emerging economies
• The Cylindrical robots and others segment
  comprising customized and refurbished robots, are
  expected to grow at a significant pace in the
  near future, owing to their increasing demand in
  industrial sectors in the Asia-Pacific region
• The Automotive industry, the largest end user of
  industrial robots
• The food and beverages segment is expected to
  witness the highest growth rate in the near
  future, owing to spiraling food and beverages
  industry across the globe

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Segment Overview

• The industrial robotics market is segmented based
  on function into soldering welding, materials
  handling, assembling disassembling, painting
  dispensing, milling, cutting, processing
  function, and others
• In the functions segment, materials handling
  subsegment contributed the highest revenue in the
  global industrial robotics market
• The Asia-Pacific region generated the highest
  revenue in the global industrial robotics market
  in 2016

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TOP IMPACTING FACTORS

• Increase in demand for automation and rapid
  growth in industrialization foster the use of
  industrial robots
• labor wages are on the rise in the American and
  European markets, and Asia-Pacific is also
  expected to witness an upsurge in labor costs
  during the forecast period

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Key players in the Industry

• Daihen Corporation
• Denso Corporation
• Epson America, Inc.
• Fanuc Ltd.
• Kawasaki Heavy Industries Ltd.
• KUKA Robotics Corporation
• Mitsubishi Electric Corporation
• Nachi Robotic Systems, Inc.
• Panasonic Corporation
• Universal Robotics
• Yaskawa Electric Corporation

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