Global Industrials Robotics Market report published by Accurize Market Research forecast that the global market is expected to reach $77.7 billion by 2024; growing at a CAGR of 9.5% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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An upsurge in demand for automation in numerous industries, growing robotics & artificial intelligence (AI) industry, and reduction in customs duties to drive the growth of the market

An upsurge in demand for automation in numerous industries, growing robotics & artificial intelligence (AI) industry, and reduction in customs duties fuel the demand for the global industrials robotics market. Furthermore, high usage of industrial robotics in the manufacturing industry and growing innovations globally also boosts the growth of the market.

Market Segmentation

The global industrials robotics market has been bifurcated on the basis of type, industry vertical, function, and geography. By type, the segmentations include articulated, Cartesian, SCARA, cylindrical, and other types. By industry vertical, the market is segmented as chemical, rubber & plastics, machinery, metals, food & beverages, automotive, electrical & electronics, precision & optics, and other industry verticals. By function, the market is segmented into assembling & disassembling, painting & dispensing, soldering & welding, materials handling, milling, cutting & processing, and other functions.

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By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under the North America market whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and the Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.

Top players in the market

The key players operational in the market includes Kawasaki Heavy Industrials Ltd., Denso Corporation, Epson America, Inc., KUKA Robotics Corporation Mitsubishi Electric Corporation, Panasonic Corporation, Yaskawa Electric Corporation, Diahen Corporation, Universal Robotics, and Fanuc Ltd.among others.