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Industrial Robotics Market Trends

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Report ID: 3087
Published Date: Sep 12, 2024
Report Format: PDF, PPT

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Industrial Robotics Market Trends

Growth Drivers

Rapid Growth of Industrialization Around the World
Lack of Skilled Workforce and High Labor Cost

Challenges

High Cost of Deployment of Industrial Robotics Technology

Industrial Robotics Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	14.1%
Base Year Market Size (2023)	USD 17.39 billion
Forecast Year Market Size (2036)	USD 96.61 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Industrial Robotics Market Size & Share, Growth Report 2036

Author Credits: Abhishek Verma

Report ID: 3087
Published Date: Sep 12, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rapid growth of industrialization around the world and lack of skilled workforce are the major market growth drivers.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021 â€“ 2030.

High cost of deployment of industrial robotics technology is estimated to hamper the market growth.

Asia Pacific will provide more business opportunities on the back of high output of automation and manufacturing industries in the region.

The major players in the market are Fanuc Corporation, ABB, Ltd, Switzerland, Yaskawa Electric Corporation, Kuka AG, Trapo AG, Toolmotion GmbH, and others.

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