Industrial Robotics Industry Growth Analysis and Forecasts To 2021 Industrial Robotics Industry: Global Market Trend | Page 2

Industrial Robotics Industry Global Market Analysis, Growth, Share, Industry
Trends and Forecasts to 2021
The global industrial robotics market is expected to reach US$ XX Billion by 2021, growing at a CAGR of
over 8% between 2016 and 2021. The adoption of automation to ensure quality production and meet
market demand, and the growing demand from small- and medium-scale enterprises in developing
countries is fueling the growth of industrial robotics market globally.
On the basis of segment, the automotive industry accounted for highest share of the industrial robotics
market. The electrical and electronics segment is the second largest market for industrial robotics capturing
XX% share in 2015. The market for industrial robotics in the electrical and electronics industry is expected
to grow at double digit CAGR between 2016 and 2021 owing to the introduction of new electronic products
into the market, the miniaturization of electrical and electronics equipment, and complexity in
manufacturing processes.
The metal industry is the third largest market for industrial robotics. Chemical, rubber and plastics industry
is the fourth largest market for industrial robotics market, while food industry accounted for over XX%
share of the global industrial robotics market.
In terms of region, the five major markets including China, South Korea, Japan, United States, and Germany
accounts for around 75% of the total robotics sales volume in 2015. Asia/Australia is the world's largest
market for industrial robots, driven by growing demand for industrial robots from small- and medium-scale
enterprises in China, Japan, South Korea, and India. Europe is the second leading region for industrial
robotics market. Americas is the third largest market for industrial robots.
Complete report available at http://www.marketreportsonline.com/545523.html