The study and estimations of an excellent Industrial Robots Market report helps to figure out types of consumers, their views about the product, their buying intentions and their ideas for the step up of a product. With the market data of this report, emerging trends along with major drivers, challenges, and opportunities in the market for this industry can be identified and analysed. For the clear and better understanding of facts and figures, the data is represented in the form of graphs and charts. With the studies, insights, and analysis mentioned in the finest Industrial Robots market report; get comprehensible idea about the marketplace with which business decisions can be taken quickly and easily.

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Industrial robots market will reach at an estimated value of USD 69.01 billion by 2028 and grow at a CAGR of 10.05% in the forecast period of 2021 to 2028. Rise in the demand for industrial robotics from SEMs is an essential factor driving the industrial robots market.

Rise in the investments for innovations and automation in industries is a crucial factor accelerating the market growth, also rise in the demand for automation activities and reduction in custom duties in the industry, increase in the demand for minimizing defect, waste and downtime, high requirement for automation, increase in the labour cost and dearth of skilled human workforce and rise in the investments in R&D activities are the major factors among others boosting the industrial robots market. Moreover, rise in the application areas, rise in the growth in emerging economies and evolving robotics and AI industry will further create new opportunities for industrial robots market in the forecast period mentioned above.

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Leading Key Players Operating in the Industrial Robots Market Includes:

The major players covered in industrial robots market report are ABB, KUKA AG, Mitsubishi Electric Corporation, FANUC CORPORATION, Kawasaki Heavy Industries Ltd., YASKAWA ELECTRIC CORPORATION., Seiko Epson Corporation, Stäubli International AG., NACHI-FUJIKOSHI CORP., DENSO CORPORATION., Comau SpA VAT, DAIHEN Corporation, OMRON Corporation, Universal Robots, CMA ROBOTICS SPA ITALY, Artech Automation AS and Panasonic Corporation among other domestic and global players.

Key Market Segments:

On the basis of type, industrial robots market is segmented into traditional industrial robots and collaborative robots.
Based on industry, the industrial robots market is segmented into automotive, electrical and electronics, plastics, rubber, and chemicals, metals and machinery, food and beverages, precision engineering and optics, pharmaceuticals and cosmetics and others.
The industrial robots market is also segmented on the basis of technology into motion control and drives systems, robotics systems, integrated manufacturing systems, machine vision systems, manufacturing execution systems, programmable logic control system and others.

Industrial Robots Market, By Region:

North America (USA, Canada and Mexico)
Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, rest of countries etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)

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