LAMEA Industrial Robotics Market to Cross USD 2.69 Bn by 2022, Expects KBV Research in Its Cutting-Edge Report Available at MarketPublishers.com25 May 2017 • by Natalie Aster
LONDON – The industrial robotics market in Latin America, Middle East & Africa (LAMEA) is set to exceed USD 2.69 billion by 2022, showing growth at a 9.3% CAGR till 2022.
As of 2015, the LAMEA industrial robotics market was dominated by Brazil. The Brazilian industrial robotics market is expected to keep on growing further, exhibiting a significant CAGR of 9.4%, and is likely to amount to USD 432 million by 2022. Meanwhile, the UAE market is anticipated to reach the value of USD 479.5 million by 2022; and the Argentinian market for industrial robotics is forecast to increase at a CAGR of almost 11% through 2022.
Nowadays, the adoption of industrial robotics is gaining traction at a swift pace in the developing countries, as they are viewed as promising expansion areas for the companies engaged in the robotics industry. Enhancing usage of industrial robotics in industries like healthcare, agriculture and food & beverage is amid the key factors driving the LAMEA industrial robotics market growth.
ABB Group, Yaskawa Electric Corp., Kuka AG., iRobot Corp., Intuitive Surgical, Yamaha Corporation are some of the top companies active in the LAMEA industrial robotics market.
Topical KBV Research publication “Latin America, Middle East & Africa (LAMEA) Industrial Robotics Market (2016-2022)” is a great source of trustworthy information on the LAMEA market for industrial robotics. The publication covers robotics adoption trends and patterns in the LAMEA region in detail. The research report provides a detailed market segmentation analysis based on types, countries, applications, and functions.
This in-demand research publication offers an insightful overview of the market dynamics, highlighting the major market growth drivers and restraints, as well as points out the emerging trends, challenges and opportunities.
The competitive landscape is thoroughly analysed here, and profiles of 10 leading market participants are available. Moreover, a reader can find an all-round future outlook for the marketplace up till 2022 in this unrivalled research publication.
Many other research reports made up by KBV Research are available at its page at MarketPublishers.com.