Global Industrial Robots market cagr 13.6%

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Industrial Robots

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Industrial Robots Market Size and Growth

The Industrial Robots market is experiencing significant growth, projected to reach USD 42.8 billion by 2027, driven by increased automation and technological advancements. Key market conditions include rising labor costs, demand for precision manufacturing, and Industry 4.0 initiatives, fostering innovations in robotics across various sectors such as automotive and electronics.

Companies Covered (Covid 19 Impact Covered)

◍ FANUC(Japan)

◍ KUKA(Germany)

◍ ABB(Switzerland)

◍ Yaskawa (Motoman)(Japan)

◍ Nachi(Japan)

◍ Kawasaki Robotics(Japan)

◍ Comau(Italy)

◍ EPSON Robots(Japan)

◍ Staubli(Switzerland)

◍ Omron Adept Technologies(US)

◍ DENSO Robotics(Japan)

◍ OTC Daihen(Japan)

◍ Panasonic(Japan)

◍ Toshiba(Japan)

◍ Mitsubishi Electric(Japan)

◍ Yamaha(Japan)

◍ Universal Robots(Denmark)

The industrial robots market is competitive and dominated by major players like FANUC, KUKA, and ABB, focusing on automation and efficiency. These companies drive market growth through technological advancements, diverse applications, and global reach.

Selected sales revenue figures include:

- FANUC: ~$5.5 billion

- ABB: ~$3.8 billion

- Yaskawa: ~$3.1 billion

◍ Hyundai Robotics(Korea)

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Market Segmentation

By Application

◍ Automotive

◍ Electrical and Electronics

◍ Chemical, Rubber and Plastic

◍ Metal and Machinery

◍ Food, Beverages and Pharmaceuticals

By Product

◍ Articulated Robots

◍ Parallel Robots

◍ SCARA Robots

◍ Cylindrical Robots

◍ Cartesian Robots

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Market Growth

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$ X Billion USD

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