The Global Top Robotics market is accounted for $76.60 billion in 2020 and is expected to reach $333.78 billion by 2028 growing at a CAGR of 20.2% during the forecast period. Growing demand for collaborative robots across all industry segments, anticipated shortage of skilled labour in manufacturing industries and Initiatives by governments and public–private companies to mitigate COVID-19 impact are the major factors driving the market growth. However, Reduction of jobs due to automation is restraining the market growth. Based on end user, the medical segment accounted for considerable market share during the forecast period due to growing aging population that requires more care. Robots are being developed to support both patients and medical staff. Medical assistive robots are also used to assist surgery and diagnosis by delivering necessary equipment or carrying instruments and other medical products; rehabilitation robotics help in assisting patients. By geography, Asia Pacific held largest market share during forecast period due to increasing labour costs in this region.
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Some of the key players profiled in the Top Robotics Market include FANUC, ABB, Anhui Efort Intelligent Equipment, CMA Robotics S.p.A., F&P Robotics AG, KUKA, Mitsubishi, Northrop Grumman, Precise Automation, Inc., Rethink Robotics, Robert Bosch GmbH and Yaskawa.
The Global Top Robotics Market is majorly driven by growing demand for collaborative robots across all industry segments, anticipated shortage of skilled labor in manufacturing industries and initiatives by governments and public–private companies to mitigate COVID-19 impact. The food & beverages segment is growing at a highest CAGR owing to automation in the food & beverage industry which is comparatively different from other industries. North America dominated with a significant market share due to the factors such as presence of local players and pioneers in terms of adoption of robotics. Asia Pacific market is growing at a highest CAGR owing to increasing labor costsforcing manufacturers to automate to maintain their cost advantage in the region.
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Types Covered:• Industrial• ServiceEnvironments Covered:• Aerial• Ground• MarineApplications Covered:• Handling• Welding & Soldering• Assembling & Disassembling• Dispensing• Processing• Other ApplicationsEnd Users Covered:• Automotive• Construction• Defense, Rescue, and Security• Electrical & Electronics• Entertainment, Education, and Personal• Field• Food & Beverages• Human Exoskeleton• Medical• Metals & Machinery• Pharmaceuticals & Cosmetics• Plastics, Rubber, and Chemicals• Precision Engineering & Optics• Public Relations and Inspection• Warehouses & Logistics• Other End Users
Top Robotics Market report provides an in-depth study and forecast about the industry covering the complete overview of the market that will assist convey clients and business-making strategies. The industry’s supply chain and market size, in terms of value, have been derived by extensive research methods. Our report enables readers to understand details of the market, latest trends, key drivers and constraints, opportunities, threats, volume and value forecasts, and various investment opportunities for manufacturers operating in the global and regional markets. Top Robotics Market report also offers company profiling with detailed strategies, financials, key products, and recent developments along with SWOT analysis of profiled players and Porters five forces for deep insights.
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