Published By : 28 Jan 2016 | Published By : QYRESEARCH
The demand for industrial robots has seen a tremendous rise in the past few years, thanks to the increasing automation in various industries across the world. The speedy increase in the labor cost has fueled the demand for automation in the automotive and construction industries, boosting the global industrial robotics market to a great extent.
The increasing uptake of industrial robots in medium- and small-scale businesses is presenting lucrative opportunities for market players. In addition to this, the strategic expansion of this market across various regions is likely to strengthen its position, globally, in the forthcoming years.
Asia Pacific to Maintain Dominance in Global Industrial Robotics Market
Asia Pacific dominates the global industrial robotics market at present. Analysts project it to continue to lead the global market in the coming years due to rapid infrastructural development in emerging nations in this region such as Japan, Australia, China, and India.
In 2013, Europe and North America jointly contributed a share of more than 20% in the total revenue generated in the worldwide industrial robotics market. Experts anticipate both the regional markets to experience a moderate rise in their shares in the near future. Here is a snapshot of the recent market trends and their impact on the worldwide industrial robotics market.
On a whole, the worldwide market for industrial robotics looks flourishing. However, the decline in industrial production activities is projected to hamper this market in future.