Global Robotics Market, Volume & Size by Type Industrial Forecast to 2026

The use of robotics in manufacturing and industry continues to advance, expand, and evolve at a rapid pace. While the early adaptation of Industry 4.0 has seen significant increases in productivity combined with as much decrease in maintenance costs, not everyone is yet on board with Industry 4.0 adoption. Small and mid-size manufacturers discover multiple advantages of investment, including improving the safety of their increased quality, facility, control, and higher customer satisfaction due to faster and more efficient production. Global Robotics Market will reach to US$ 161.34 Billion by 2026.

Global Robotics Market, Volume & Forecast by Type Industrial & Service

Renub Research report titled “Global Robotics Market, Volume & Forecast by Type Industrial (Automotive, Electrical & Electronics, Metal, Chemical, Rubber and Plastics, Food), Service (Defense, Agriculture, Logistics, Medical, Construction, Mobile Platform, Inspection)” provides a comprehensive assessment of the fast-evolving, Global Robotics Industry.

Global Robotics market segmented in two categories.

1) Industrial Robotics Market
2) Service Robotics Market

Renub Research studies the comprehensive insight of Global industrial robotics market and volume by Type (Electrical & Electronics, Automotive, Metal, Chemical Rubber and Plastics, Food, Others and Unspecified). “Robots” designed for safe physical interaction with humans in a shared workspace is finding their place in a wide range of industries. Human-machine collaboration is a major industrial robotics trend and a driver behind global robotics market growth.

The market share of service robotics will multiply by 2026. Top categories in the service robotics sector are Medical, Inspection and Logistic. Global service robotics volumes will proliferate propelled by exceptional demand of logistic robots and mobile platform robots. Machine learning and artificial intelligence are also set to have a significant impact on the next generation of service robotics.

Instinctive Surgical is the leading player in the global robotics market, and its image “da Vinci” is a famous comprehensively. A portion of the other conspicuous players was iRobot, Yaskawa Electric Corporation, ABB Limited, Fanuc Corporation, Rockwell Automation and Medtronic. Growth drivers of these companies include a desire to develop quality and enhance productivity while decreasing working costs, as well as to increase safety for employees while responding to a lack of available skilled workers. Investment is also motivated by the need for increased flexibility in production and improved capabilities of robots.

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A shortage of skilled labour is driving further use of automation in the global robotics market. Manufacturers are turning to decrease manufacturing costs and to keep their cost advantage in the market. COVID-19, companies are expecting increased use of automated systems can ensure continued manufacturing and supply, given the restrictions on the movement for individuals.

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Global Industrial Robotics Market, Volume, Size & Forecast to 2026

Five largest markets represent more than 70% of the total global sales volume: the United States, Germany, China, Japan and South Korea. China has the biggest robot market globally, with continued dynamic growth. Mitsubishi Electric Corporation, founded in Japan one of the world’s leading automation company has developed a series of industrial robots titled MELFA FR Series. These robots are designed to perform multiple tasks simultaneously as compared to standalone functions that the previous generation robots perform.

Globally Industrial robotics means a wide range of robotic systems that helps improve the productivity in high-speed and precision performance in manufacturing. The industrial robotics companies are likely to dominate the global robotics industry in the coming years. The industrial robotics market is dominated by the automotive and electrical & electronics sector. There are many big manufacturing giants of automotive and electronic devices who are successfully using robotics in their assembly line effectively & efficiently and achieve a high-cost reduction in long-term. Therefore automotive & electrical industries are a crucial factor in pushing the global industrial robotics market to the exceptional high in the coming future. According to Renub Research, Industrial Robotics Market is expected to reach US$ 54.47 Billion by 2026.

Industrial Robotics Market & Volume Global Forecast by Types

Pandemic COVID-19 drives the Industrial Robotics Market

COVID-19 pandemic accelerates the introduction of robots, leading to a renaissance of industrial production in some regions. After the crisis, a considerable boost for robotics and automation, even if the industry cannot currently decouple itself from the economic downturn. Automatism in the electronics industry presents an excellent growth opportunity for traditional industrial robots in the coming years, especially in the Asia-Pacific region where manufacturers are looking to automate their production processes further. Once the crisis is over, manufacturers are planning to increase in-house manufacturing through automation compared to outsourced manufacturing model to mitigate global supply chain risks in the future.

Renub Research report titled “Industrial Robotics Market, Volume Global Forecast by Types (Automotive, Electrical & Electronics, Metal, Chemical, Rubber and Plastics, Food, Others, Unspecified), Regions (America, Asia, Australia, Europe & Africa), Companies (Yaskawa Electric Corporation, ABB Limited, Fanuc Corporation, Rockwell Automation, iRobot)” provides a comprehensive assessment of the fast-evolving, high–growth of Industrial Robotic Market. In this report, we have studied the industrial robotics market and volume by industry segment, growth factors and challenges for Industrial Robotics market globally.

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Also Read:

Indutrial Robotics Market: https://www.prlog.org/12824664-industrial-robotics-market-volume-global-forecast-by-types.html

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
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