Industrial Robotics Market Share

On the basis of regional analysis, the global industrial robotics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is likely to dominate majority revenue share by 2036, impelled by presence of nations such as China, Japan and India, where the output of automation and manufacturing industries is the highest in the world. Moreover, increasing international investments coupled with low cost of production in the region is also projected to boost market growth in the region. Additionally, with a notable surge in the population as well as disposable income, there is an increase in the consumption of consumer goods, which in turn is evaluated to lead to the increase in the production capacity of industrial robots in the region. According to the World Bank, the total population of South Asia has only increased since 1960. The value was recorded to be 1.836 billion in 2019.