Industrial Robots Market Growth and Segments,2015-2025 FMI | Page 4

Report Description

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Global Industrial Robots Market : Drivers

The increase in demand for automation in industries is a key driver to the global industrial robots market . Moreover , increase in labor costs and need for efficient manufacturing process is driving the global industrial robots market . Rapid adoption of industrial robots for non-automotive applications , increase in productivity , reduction in manufacturing costs and modernization of automotive industry due to the use of industrial robots are some of the key drivers fuelling the growth of the global industrial robots market . Any kind of dull , dangerous or dirty task can be accomplished using industrial robots . These are some additional factors driving the global industrial robots market .

Global Industrial Robots Market : Restraints

While the overall global industrial robots market is growing , some safety concerns including inaccuracies in the operation of industrial robots by humans is a major challenge to the market . With the economic recession , many companies experienced stagnation in growth which is another factor affecting the global industrial robots market to fall . High installation and maintenance cost has led to the slowdown of global industrial robots market . High installation and system engineering expenses also restrict companies for adopting industrial robots for carrying out their manufacturing processes .