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Posted: April 13th, 2023
The report segments the market on the basis of geography into North America, Europe, Asia Pacific (Asia addition, the report segments the market based on types of robots such as articulated robots, cylindrical robots, SACRA robots, Cartesian robots and other types of robots. Furthermore, the report has also been segmented on the basis of industries served which includes automotive industry, electrical & electronics industry, chemical, rubber & plastics industry, machinery industry, metals industry, food & beverages Industry, precision & optics Industry and other types of industries served.
Moreover, the report segments the market based on functions, which includes soldering and welding function, materials handling function, assembling & disassembling function, painting and dispensing function, milling, cutting and recessing function and other types of functions. Get more details at: http:// WV. Treacherousness. Com/industrial-robotics. HTML Based on industries served, the market Is segmented Into automotive Industry, electrical & electronics, chemical, rubber & plastics, machinery, metals industry, food & beverages, precision & optics, etc.
Among these, automotive industry segment dominated the market in 2012 at $737 billion. However, the segment Is expected to witness low growth owing to slow down in the automotive industry. The food and beverages segment is expected to witness highest growth rate of 6. % over the forecast period owing to rising food and beverages industry. Moreover, the rising need and customized solutions to make the process faster especially in unexplored regions such as Brazil, Argentina, and South Africa is expected to drive the growth in food and beverages industry. In 2012. Salsa Pacific was the largest revenue generator that accounted for 49. 5% of the total market share. The dominance of Asia Pacific is attributed to growth in number of countries such as China, India, Japan, Taiwan and Australia among others investing heavily in research and development Infrastructure developments. Rapid growth in automation demands coupled with reduction of duties on refurbished goods has also fueled growth in the industrial robotics market. Similarly, North American Europe collectively accounted for over one-third of the market share. As these regions have been continually focusing on research and development and have been using industrial robotics for the same.
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