Research Industrial Robotics Market Growth and Segments | Page 6

Industrial Robotics Market
 The global industrial robotics market is expected to grow at a moderate pace during the forecast
period. Key drivers of the global industrial robotics market include significant growth in non-
automotiveapplications for industrial robots, increase productivity in industries with low
manufacturing cost, reduction of duties and refurbished goods followed by rising demand for
automation with higher labour cost.
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 Key challenges for global industrial robotics market include stagnation of industrial manufacturing
process followed by higher manufacturing cost and uncertainty.Major players in the global industrial
robotics market include FANUC Corporation, Yaskawa Electric Corporation, Kuka AG, Kawasaki Heavy
Industries Ltd, Denso Wave Incorporated, Mitsubishi Electric, ABB Ltd, Toshiba Machine, American
Robot Corporationand Universal Robots.Growth in the global industrial robotics market is estimated to
grow significantly as every industry in trying to be more and more efficient by automating their
processes robotically. The unique ability of robots to perform numerous steps without human
intervention and adapt to different conditions along with up gradation of technology is showcasing a
promising future for industrial robotics market.
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