Industrial Robotics Market

Transparency Market

Research

Industrial Robotics Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast, 2014 – 2020

Published Date

2014-09-17

100 Page Report

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Press Release

Industrial Robotics Market to Reach US$44.48 Billion by 2020

Owing to Rising Popularity of Industrial Automation

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Industrial Robotics Market

REPORT DESCRIPTION

Industrial Robotics Market - Global Industry Analysis, Size, Share, Growth,

Trends and Forecast, 2014 – 2020

A recently released report from Transparency Market Research (TMR) forecasts that the global

industrial robotics market will grow at a CAGR of 6.2% between 2014 and 2020. TMR, a market

intelligence firm based in the U.S., states that the global industrial robotics market will reach a

market value of US$44.48 billion by 2020, growing from US$28.93 million in 2013. The report,

titled ‘Industrial Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast, 2014 - 2020 is available for sale on the website. According to this market research

report, factors such as the widespread adoption of robotics in small and medium enterprises and

rising labor costs drive the global industrial robotics market. High investment in research and

development activities and reduction of duties, especially in the regions of Asia Pacific and Rest

of the World, are other main factors that will propel the overall industrial robotics market. Greater

use of robotics in manufacturing and strategic business expansion initiatives will create several

growth opportunities in the global industrial robotics market in the forecast period.

Browse the full Industrial Robotics Market report at

http://www.transparencymarketresearch.com/global-industrial-robotics-market.html

The TMR report segments the global industrial...