In the last couple of decades, industrial automation has gained significant traction. In addition, as more and more industries continue to lean towards improving efficiency and reducing costs, the adoption of industrial robots has witnessed a considerable growth. In addition, with the advent of Industry 4.0, industrial robots are finding applications in a myriad of industrial domains including, healthcare, automotive, construction, and electronics among others. Moreover, as industrial players gradually come to terms with the capabilities and functionalities of industrial robots, an impressive demand for next-generation of industrial robots equipped with cutting-edge technologies including artificial intelligence (AI) is expected.

The growth of the industrial robot market hinges on its high-degree of efficiency – a critical factor to boost the overall efficiency of industries. In addition, from the financial point of view, industrial robots are likely to play an imperative role in reducing overheads, streamline operations, improve waste reduction scenario, and significantly boost productivity.

Industrial Robots Market Overview

Future Market Insights recently published a market research report that highlights the global scenario of the industrial robots market and tracks the growth of the market. According to the report, the global industrial robots market is forecasted to grow at a blazing pace with a compounded annual growth rate (CAGR) of ~17.2% during the forecast period, 2017-2026. The report inspects the various factors that are expected to shape the growth of the industrial robots market including the current and projected trends, drivers, opportunities, and restraints.

An in-depth analysis of each of the aforementioned factors is included in the report to provide readers a fair assessment of the overall dynamics of the market. The findings of the report will significantly benefits stakeholders, established market players, new market entrants, and upcoming market players to take well informed business decisions and develop impactful strategies to strengthen their foothold within the market.

Bifurcation of the Industrial Robots Market

The unbiased market study presents valuable insights pertaining to the global industrial robot market with high accuracy and precision. The presented study segments the global market on the basis of various parameters to provide a better understanding of the overall market scenario. The various segments covered in the report include, region, end use, product type, applications, and technology. A thorough quantitative and qualitative analysis of each of the aforementioned segments is provided in the report along with relevant tables and figures.

The data is accurately represented in the form of pie charts, graphs, and other forms of statistical illustrations. The report throws light on the market scenario in the major geographical regions including, North America, South America, Europe, Asia-Pacific excluding Japan, Middle East & Africa, and Japan. The current trends, opportunities, challenges, and recent developments in each of the aforementioned regions is included in the report to provide regional as well as global market players a fair understanding of the market landscape on the basis of which they can formulate their growth strategies.

Competitive Outlook The competitive outlook section within the report includes the company profiles of the major market players along with a detailed analysis of their winning strategies, product offerings, pricing strategies and more. Further, the report includes the Porter’s Five Force analysis which provides a better understanding of the overall competitive landscape of the market. This section of the report introspects the recent collaboration, mergers, acquisitions, product launches, and more

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