-- The Industrial robotics market proceeds, which has indeed been appreciable in recent years a potential for cyber-physical system to improve operational efficiency in manufacturing processes is humongous. It is further imperative to mention that as automation technologies such as robotics, machine learning occupy an increasingly demanding role in industries, their impact on the workplace in terms of safety security, asset tracking, and supply chain has become a point of focus for the research fraternity. In this regard, with the concept of Industry 4.0 (fourth Industrial Revolution) being already set in motion and the influx of technological advancements focusing on maximizing the operational throughput, industrial robotics market size is bound to witness a marked rise over the ensuing years.
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Amidst the dynamically charged intense share battle, Europe currently witnesses a percentage of authority over the regional landscape. Statistics claim 65% of total number of countries deploying more than average number of industrial robots per 10,000 employees belongs to the European Union. The major factor that has augmented Europe industrial robotics market size is the region’s persistent investment in robotics projects over the past few years.
Another belt that is emerging to be the next investment hotbed for industrial robotics market is Asia Pacific. The rapid pace of advancements in the regional market can be majorly attributed to governments’ encouraging initiatives toward promoting the adoption of industrial robots. The Government of Japan has also funded and strategized several plans that prompts Japan based SMEs to incorporate advance manufacturing capabilities in their business model. Citing an example demonstrating the positive influence of these initiatives is Fanuc plant in Japan, which employs only four manual workers per shift to supervise the industrial robots for the entire operation of the plant. For the records, China and India, are also claimed to contribute significantly toward APAC industrial robotics market size.
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Industrial robotics market is indeed on its way to way to witness remarkable escalation over the coming years, given the ongoing efforts by the market giants as well as regulatory bodies to unlock the maximum potentialities of automation across manufacturing domain. Yet another factor that has played its cards in proliferating the business outlook is the increasing capital investment in employing manual labors and the related inconvenience associated with it. Average industrial robot price cost, on the other hand, has witnessed a downturn, with increasing production.
In this regard, one of the trends that remains to be seen in market is the demand-price relationship for these robots, particularly in the emerging economies. All in all, the profitability scope seems humongous for the industrial robotics market size in the coming years, with a target global share of USD 80 billion by 2024.
Browse key industry insights spread across 262 pages with 337 market data tables & 38 figures & charts from the report, “Industrial Robotics Market By Product (Articulated, SCARA, Gantry, Cartesian, Parallel, Cylindrical, Collaborative), By End-Use (Automotive, Metals & Machinery, Rubber & Plastics, Food & Beverage, Electrical & Electronics) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, South Korea, India, Taiwan, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-robotics-market
Table of Contents (ToC) of the report:
Chapter 5 Industrial Robotics Market, By End-use
5.1 Global market share by end-use, 2016 & 2024
5.2 Automotive
5.2.1 Market estimates and forecasts, by region,2013 – 2024
5.3 Metals & machinery
5.3.1 Market estimates and forecasts, by region,2013 – 2024
5.4 Rubber & Plastics
5.4.1 Market estimates and forecasts, by region,2013 – 2024
5.5 Food & beverage
5.5.1 Market estimates and forecasts, by region, 2013 – 2024
5.6 Electrical & electronics
5.6.1 Market estimates and forecasts, by region,2013 – 2024
5.7 Others
5.7.1 Market estimates and forecasts, by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/industrial-robotics-market
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