Industrial Robotics Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030
Industrial Robotics Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030
Blog Article
The global industrial robotics market is estimated to grow at a CAGR of around 10% during the forecast period. Industrial robots assist in the manufacturing units and perform various industrial procedures such as assembling, processing, welding, labeling, packaging, and many others. There is an increasing demand for industrial robots owing to the increasing adoption of smart factory systems, in which industrial robots play an important role.
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However, lack of skilled labor or workforce for operating as well as the high costs of installation and maintenance are the factors that challenge the market growth during the forecast period. Moreover, the availability of online delivering services with the increasing adoption of internet-based services is positively affecting the market growth. For instance, ABB is shifting from the conventional approach of providing break and fix services to predictive and proactive services through a combination of their remote service platform and IoT.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Industrial Robotics Market – Segmentation
By Type
- Traditional Robots
- Collaborative Robots
By End-User Industry
- Automotive
- Chemical, Rubber, and Plastic
- Electrical &Electronics
- Food &Beverages
- Metal & Heavy Machinery
- Others
Global Industrial Robotics Market – Segment by Region
North America
- United States
- copyright
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial robotics market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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