Industrial Robotics Market to 2020 – Market Estimate, Competitive Landdscape, Industry Size: Grand View Research, Inc

According to Grand View Research, Inc world industrial robotics market is expected to exceed USD 40 Billion, 2020. Increased growth from the industry, coupled with growing labor costs has consequently encouraged industrial robots’ deployment in manufacturing. Increased emphasis on production quality in order to ensure survival in the competitive manufacturing sector is expected to drive the industrial robotics market. Growing measures pertaining to laborers’ safety have resulted in substitution of manual labor in industries by robots, thereby augmenting industrial robotics demand.

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Further key findings from the Research Study :

Automotive robots accounted for the highest market volume share in 2013 and are expected to dominate the market over the forecast period owing to the opening up of avenues through new markets and technologies on the basis of type, component, function, industry, and by the region. Adoption of robots in food processing and heavy machinery industries is expected to grow at a high rate throughout the forecast period.

Asia Pacific constituted a key regional market in 2013, which can be primarily attributed to significant investments by automotive manufacturing companies in their pursuit of extending global influence. Korea, Japan, and China dominated Global industrial robotics installation in 2013, whereas Taiwan, India, and Singapore are expected to show high market growth potential.

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For the purpose of this study, Grand View Research has segmented the world industrial robotics market on the basis of application...