Robotics Market Exhibited Impressive Growth over 2009-2016, Informs IMARC Group in Its Topical Report Available at MarketPublishers.com14 Jun 2017 • by Natalie Aster
LONDON – Today, due to evident benefits as increased efficiency and productivity, robots play a significant role in various industry verticals; the areas of their usage range from just mowing lawns and cleaning nuclear waste to exploring the outer space and performing surgeries.
In the previous year, the volume of the world’s robotics market crossed 6.5 million units, registering an impressive 25% CAGR over 2009-2016. Swift growth in this market is attributed to the subsequent technological advancements and increasing investments.
At present, service robots capture the biggest share of the global robotics market.
North America ranks the largest regional market for robotics, holding a share of around 50% of the global market.
Some of the prominent players in the robotics arena include Yaskawa Electric Corporation, ABB Group, FANUC Corporation and KUKA AG, amid others.
Topical IMARC Group’s research report “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” offers and in-depth insight into the world’s market scenario as well as explores the actual state of the key geographical markets. This study is a reliable source of updates statistics, important industry performance estimates and also future forecasts through 2022. It covers the market dynamics with detailed info on the key influencing factors, discusses the major challenges and opportunities, touches upon competitive pressures and profiles the leading players. The report provides access to value chain analysis, Porter’s five forces analysis, SWOT analysis of the robotics market. Besides, the study sheds light on the historical market development patterns and canvasses the prevailing market trends, points out future growth prospects and provides valuable recommendations.
Visit the IMARC Group online page at MarketPublishers.com to find a full collection of the publisher’s research reports.