United State – Global Robotics Industry Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Robotics Industry market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global robotics industry market was US$ 45.1 billion in 2021. The global robotics industry market is forecast to grow to US$ 122.05 billion by 2030 by growing at a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2022 to 2030.
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COVID-19 Impact Analysis
Due to the COVID-19 outbreak, the demand for robots has upsurged across all industrial verticals. The use of robots ensures public safety to the authorities. Thus, health authorities and businesses started deploying robots in order to maintain the safety of the employees and the patients. Various companies like Yunji Robotics, the manufacturer of delivery robots, and TMIRob, the manufacturer of disinfectant robots, have witnessed a significant surge in the demand for these robots. In addition, advancements also escalated in the industry. For instance, Geek+ unveiled its disinfection robots named Jasmin and Lavender during the COVID-19 pandemic.
Regional Analysis
The Asia-Pacific robotics industry market is forecast to grow at the highest growth rate. It is due to the growing industrialization in China and favorable initiatives like “Made in China 2025.” China is forecast to be one of the largest contributors to the robotics industry market. Furthermore, the country is focusing on upgrading its labor-intensive manufacturing sector by increasing automation. Furthermore, the governments of Guangdong province and Zhejiang province also announced subsidies to local manufacturers. Thus, it will increase the demand for robots. As a result, it will ramp up the growth of the global robotics industry market. Furthermore, industrialization in other countries like India is also growing at a significant pace. As a result, it will upsurge the demand for robotics, thereby propelling the robotics industry market forward.
Factors Influencing the Market
The demand for robotics is expanding exponentially. Be it hospitality, healthcare, automotive, or manufacturing, almost every industry is adopting automated solutions in order to cater to the growing demands of the public. Thus, it will fuel the growth of the global robotics industry market.
The rising trend of digital factory technologies will contribute to the growth of the global robotics industry market. Furthermore, the shortage of an efficient workforce will drive the robotics industry market forward.
Growing automation across all industrial verticals will also benefit the global robotics industry market. Furthermore, favorable policies by government bodies to boost industrialization will escalate the robotics industry market growth.
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On the contrary, privacy concerns associated with the use of robotics may limit the growth of the robotics industry market during the forecast period.
Competitors in the Market
- ABB
- Kawasaki Heavy Industries
- Denso Corporation
- NACHI-FUJIKOSHI
- Seiko Epson
- DUrr
- Universal Robots
- Staubli
- Comau
- B+M SURFACE SYSTEMS
- ICR Services
- IRS Robotics
- Hyundai Robotics
- Siasun Robotics
- RobotWorx
- Techman Robot
- Rethink Robotics
- FrankaEmika
- F&P Robotics
- Bosch Rexroth
- Other Prominent Players
Market Segmentation
The global robotics industry market segmentation focuses on Type, End-User, and Region.
By Type Outlook
- Industrial
- Service
By End User Outlook
- Automotive
- Food and Beverage
- Electronics
- Logistics
- Military and Defense
- Medical and Healthcare
- Others
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By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global Robotics Industry market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Robotics Industry market over the forecast period?
- What are the factors driving and restraining the market for Robotics Industry?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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