Sat. Sep 23rd, 2023
    Industrial Robotics Market Expected to Reach $78.23 Billion by 2028

    The global Industrial Robotics Market is projected to reach USD 78.23 Billion by 2028, growing at a CAGR of 12.78% from 2021 to 2028, according to a new report by IMIR Market Research. The market size was valued at USD 42.32 Billion in 2021.

    The outbreak of the Russia-Ukraine War and the COVID-19 pandemic has had a positive impact on the market growth. Lockdowns led to an increase in app downloads in industries such as education, e-commerce, and remote work. This rise in app downloads is expected to drive market growth. Furthermore, in-app advertising has become more affordable, allowing for a broader reach across different audiences during lockdowns.

    The Industrial Robotics Market report provides a comprehensive overview of the market and analyzes the key factors driving its growth. It includes an in-depth analysis of market dynamics, market segments, and key players in the industry. The report also provides historic and forecast revenue data from 2016 to 2027.

    The key application segments in the Industrial Robotics Market include automotive, electrical/electronics, metal/heavy machinery, chemical, rubber, and plastics, food, and others. The report also highlights the top companies in the market, such as EPSON Electronics, Panasonic Corporation, Omron Adept Technologies, Inc., Fanuc Robotics, DENSO Corporation, YRG, Inc., ABB, Toshiba Machine Co., Ltd., and Mitsubishi Electric Corporation.

    The report covers regional analysis, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. It provides insights into potential growth opportunities in these regions and the strategies adopted by key players.

    In conclusion, the Industrial Robotics Market is expected to witness significant growth in the coming years. The market is driven by factors such as the rise in app downloads, in-app advertising, and the increasing demand for industrial robots in various sectors. With the comprehensive information provided in the report, businesses can make informed decisions to drive their future growth strategies.

    – IMIR Market Research