Industrial Robotics Market - Advance Technology, New Development, Growing Demand, Emerging Trends and Future Opportunities

[Albert Morris]

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An industrial robot is designed in such a way that it helps to move materials, parts, tools, and perform other tasks related to production and manufacturing. Industrial robots help in transforming the manufacturing industry. They help in performing certain tasks that are dangerous or not suitable for humans. Industrial robots are a savior in situations that require high quality production with consistent precision. Rapid rise in automation in various industries to increase the productivity and throughput and reducing labor cost is one of the major driver for the growth of industrial robotics market. Manufacturing of robots requires high investment in hardware and software and they also introduce other ongoing expenses such as its maintenance, troubleshooting etc. which can hinder the market growth. Development of collaborative robots along with launch of application specific robots are the trends emerging in the global industrial robots market.

Major Market Players: ABB Ltd., Kawasaki Heavy Industries, Ltd, Yaskawa Electric Corporation, Fanuc Corporation, Kuka AG, Mitsubishi Electric Corporation, Denso Corporation, Nachi-Fujikoshi Corp., Comau S.P.A. and Universal Robots A/S.