Industrial Robotics Market Forecast 2014 - 2020

Transparency Market Research

Industrial Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Published Date 17-Sep-2014

100 Page Report

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Global Industrial Robotics Market is Expected to Reach USD 44.48 billion in 2020: Transparency Market Research

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Industrial Robotics Market

REPORT DESCRIPTION

Industrial Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 According to a new market report published by Transparency Market Research "Industrial Robotics Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," the global industrial robotics market was valued at USD 28.93 billion in 2013, growing at a CAGR of 6.2% from 2014 to 2020 and is estimated to reach USD 44.48 billion in 2020. The rising demand for industrial robots across different industry verticals, regions and applications is propelling the industrial robotics market during the forecast period 2014 to 2020. In addition, reduction of duties and increased investments on research and development infrastructure specifically across the APAC and RoW regions is expected to bolster the industrial robotics market over the forecast period 2014 to 2020. Access to new industry verticals such as instrumentation, healthcare, and electronics coupled with penetration of robotics within labor intensive economies is further analyzed to drive the industrial robotics market. Moreover, adoption of robotics in small and medium enterprises (SME's) ensures growth of the market and thus the market is analyzed to grow at a CAGR of 6.2% over the forecast period 2014 to 2020. Browse the full Global Industrial Robotics Market:...