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.
Browse the full Industrial Robotics Market Report at http://www.transparencymarketresearch.com/global-industrial-robotics-market.html
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 Press Release : http://www.transparencymarketresearch.com/pressrelease/global-industrial-robotics-market.htm
The TMR report segments the global industrial robotics market on the basis of type, industry, function, and geography. According to type, this market is classified into cylindrical, Selective Compliant Assembly Robot Arm (SCARA), Cartesian, and articulated robots. On the basis of industry, the global industrial robotics market is segmented into precision and optics, food and beverages, metals, machinery, rubber, chemicals and plastics, electrical and electronics, and automotive. Precision and optics, metals, and food and beverages are the three industrial segments...