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Jul 19, 2021 (Market Insight Reports) — Selbyville, Delaware According to the recent research report titled ‘Global Industrial Robots Market (Value, Volume): Analysis By Product (Articulated, Cylindrical, SCARA, Cartesian, Others), End-Users, Model Type, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report LLC, global industrial robots market was worth USD 17 billion in 2019 and is expected to record an appreciable growth rate over 2020-2025.

Global industrial robots market growth is primarily driven by rapid industrialization, along with on-going trend of automation, and continuous innovative technological improvements in the field.

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Notably, industrial robots are used to weld and paint cars at automotive OEMs, to put stock on shelves, pick items for orders, and transport goods from docks to shipping areas, packaging them for transport.

Rising government support for automation in an array of manufacturing and industry vertical is also enhancing the overall market outlook. Moreover, industrial robots offer benefits such as better manufacturing efficiency and flexibility, enhanced quality, cost reduction, size reduction, and high rate of operation. Growing awareness about these advantages is likely to fuel worldwide industrial robots industry expansion.

The automobile sector, where robots on assembly lines build cars, and the electrical/electronics industry, where robots place chips on circuit boards, are the two prominent end-users in the market sphere. The automotive and electronics verticals are projected to account for the majority of industry-specific demand for end-effectors, as they are likely to remain leaders in automation.

Based on end users scope, worldwide industrial robots marketplace is split into metals & machinery, electrical & electronics, automotive, and others. As per product landscape, the industry segmentation comprises cartesian robots, SCARA robots, cylindrical robots, articulated robots, and others. Considering model type, the industry is classified into collaborative industrial robots and traditional industrial robots.

Speaking of regional terrain, key contributors to the overall market remuneration are Americas (Mexico, Canada, the United States), Europe (Germany, France, Italy), and Asia Pacific (South Korea, India, Japan, China).

Among these, Asia Pacific held about 66.4% of global industrial robots market share in 2019 and is predicted to expand further over the coming years, owing to rapid industrialization in developing countries in the region, which is anticipated to offer revenue generating prospects for the industry.

Major companies profiled in the report are Denso Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., Kawasaki Robotics, Midea Group, iRobot Corporation, Seiko Epson Corporation, Omron Corporation, Mitsubishi Electric Corporation, FANUC Corporation, Yaskawa Electric Corporation, and ABB Group.

Question and Answer: Global Industrial Robots Market

Q1) What are the key drivers of global industrial robots market growth?

Answer: Rapid industrialization, along with on-going trend of automation, and continuous innovative technological improvements in the field are driving global industrial robots market growth.

Q2) Why is global industrial robots industry witnessing constant demand from automotive sector?

Answer: The automobile sector, where robots on assembly lines build cars, is a major revenue contributor for the market with high demand for robot end-effectors.

Q3) Which are the top companies in global industrial robots market sphere?

Answer: Major companies profiled in global industrial robots market report are Denso Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., Kawasaki Robotics, Midea Group, iRobot Corporation, Seiko Epson Corporation, and Omron Corporation among others.

Complete Report At: https://www.marketstudyreport.com/reports/global-industrial-robots-market-value-volume-analysis-by-product-articulated-cylindrical-scara-cartesian-others-end-users-model-type-by-region-by-country-2020-edition-market-insights-and-outlook-post-covid-19-pandemic-2020-2025?utm_source=Marketwatch.com&utm_medium=AN

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