Industrial Robotics Market - Forecast(2020 - 2025)
Industrial Robotics Market size was valued at $28.9 Million in 2019, and it is estimated to grow at a CAGR of 9.5% during 2020-2025. The advent of numerous sorts of techniques committed to production control and introduction of automation solutions are the key components of present production improvement policies. In addition, the increasing awareness of industrial robots has resulted in their deployment ranging from manufacturing to healthcare industry. Industrial Robotics is one of the highly emerging markets with diverse range of applications across all industry verticals. Additionally, the high cost of labour in the Asia Pacific market and increasing demand of automation has led to hike in the industrial robot’s shipments for applications ranging from basic consumer applications to factory applications. Moreover, this market is majorly driven by a surge in labor charges worldwide, which in turn has enforced manufacturers to replace human labor with machines. Asia and Europe are t