Industrial Robotics Market Predicted to Exceed $37 Billion by 2018

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The use of robotics in various fields of the industry is on the rise. In addition, this trend is expected to continue developing on fasted pace over the coming few years. This projection was announced in a report by the research company TechSci Research.

The study called “Global Industrial Robotics Market Forecast & Opportunities, 2018” makes a forecast that the total revenue of the global industrial robotics market will pass $37 billion over the next five years. In addition, the research points that the highest demand for industrial robots for the next half a decade will be registered in China.

The study states that robotics will become one of the most important technology sectors in the near future. That was due to the high demand seen in service and industrial robotics. There, robots can perform various tasks, among which are the machining of plastic parts, metals, handling of different production capabilities, assembling of electronic and automobile sectors and many more.

The report informs that the automotive sector has turned into the largest consumer of industrial robotics. According to TechSci Research, that was because they can save companies a lot of money. On a more general level, the manufacturing sector is the biggest customer of industrial robots. Again the reason for that are cost savings, as well as capital savings, better quality and safety.

In the research are also outlined the main markets for industrial robotics and the key manufacturers in the sector. Currently the biggest markets for industrial robots include countries like Japan, China, United States, Germany and South Korea. In addition, now there is an increasing demand from emerging economies among which are India, Indonesia, Russia and Brazil. The manufacturers with which they mainly work are Kawasaki Robots, Epson Robots, Kuka AG, Staubli robotics and Fanuc.

TechSci Research’s “Global Industrial Robotics Market Forecast & Opportunities, 2018” report was based on primary, as well as secondary sources. The primary ones were interviews with channel partners and manufacturers of industrial robotics. The secondary sources included annual reports of companies, proprietary databases and newspapers.

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