Global Robotics Market, By Type (Industrial, Service), By End-User (Automotive, Food, And Beverage, Electronics, Logistics, Military And Defense, Medical And Healthcare, Others), By Region (North America, Europe, Asia-Pacific (Apac), Latin America (Latam), Middle-East & Africa (Mea)Trend Analysis, Competitive Market Share & Forecast, 2018-2028 , 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 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, Robotics 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
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Robotics Market Exhibiting a Magnificent Growth Trend: Forecast to Grow at over 20% CAGR until 2028
The global robotics market is growing at a staggering CAGR due to increasing investments by industries into automation of operations and adoption of advanced technologies. Additionally, the rising adoption of robotics in various sectors, such as agriculture, medical and healthcare, logistics, etc., is also driving the market
A recent study conducted by the strategic consulting and market research firmReport Ocean revealed that the global robotics market was worth USD 31.2 billion in the year 2021. The market is forecast to grow at a CAGR of 23.40%, with revenues projected to reach USD 135.8 billion by the end of 2028. The strong growth of the robotics market can be attributed to the increasing investments by industries into automation of operations and the adoption of advanced technologies, including artificial intelligence (AI), and IoT, along with robots. Robotics is also gaining significant traction in other unexplored territories such as agriculture, medical and healthcare, logistics, etc., which is significantly driving the growth of the market. However, the high initial investment involved in robotics setup may act as a huge restraining factor for the global robotics market.
Increasing Safety Regulations the Global Robotics Market Forward
The stringent government regulations regarding the safety of workers are prompting businesses to invest and shift towards robots and automation. These regulations from different countries are laid down to ensure a hazard-free workplace for the workers and prevent them from injury and occupational disease. Many robotics applications involve actions that are deemed dangerous to humans, such as detecting and defusing bombs, exploring mines and shipwrecks, and inspecting radioactive materials. As a result, the robotics market as a whole is growing rapidly.
Rising Adoption of Advanced Technologies is Driving the Global Robotics Market Growth
The industrial and service sectors are heavily investing in the adoption of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), machine learning, etc. This significantly boosts the growth of the robotics market. Machine learning and Artificial Intelligence assist robots to examine and inspect their surroundings and conduct their movements based on the requirements, which boosts operations and helps the industries to automate their entire workflow.
Robotics Market – By End-User
Based on end-users, the global robotics market is segmented into automotive, food and beverage, electronics, logistics, military & defense, medical & healthcare, and others. The automotive industry dominates the robotics market as they have been in use in this sector since the 1960s. The use of robots in the automotive industry helps manufacturers control the high cost of manual labor in operations. Additionally, it boosts overall productivity while also maintaining consistency in speed and quality.
Robotics Market – Regional Insights
Geographically, the robotics market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region is projected to witness the highest growth rate during the forecast period. However, Europe is also growing at a substantial rate, followed by North America. The increasing investment in the adoption of automation and smart technologies in the industrial sector in developed nations is acting as a major factor driving the growth of the robotics market. Furthermore, the presence of leading automobile manufacturers in these regions is also propelling the demand for robotics, further proliferating the overall market growth.
Impact of COVID-19 on the Global Robotics Market
The robotics market was initially negatively impacted by the unprecedented COVID-19 pandemic outbreak. The restrictions on the production and distribution of robots, along with hindrance in the operations in the industrial sector directly affected the demand for robotics. However, the market is projected to receive lucrative growth opportunities during the forecast period. The adoption of robots in manufacturing and other operations will prevent the human transmission of viruses, further preventing the chances of operation restrictions in such situations.
Global Robotics Market – Competitive Landscape
The leading market players in the global robotics market are KUKA, ABB Ltd., Boston Dynamics, iRobot Corporation, Universal Robots, Yaskawa Electric Corporation, FANUC, Omron Adept Technology, Inc., Stubli, EPSON Robots, Intuitive Surgical, Inc., Comau, Rethink Robotics, Rockwell Automation, Inc., Stryker Corporation, Nachi Robotic Systems Inc., Staubli International AG, Panasonic Corporation, Kawasaki Heavy Industries Ltd, and other prominent players.
The robotics market is extremely competitive due to the presence of several regional and multinational industry participants. The companies significantly invest in R&D activities to develop and innovate their offerings to suit the requirements of various industry verticals. They also constantly focus on expanding their product portfolio to boost their market revenue. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include: Market Sizing and Structuring, Micro and macro analysis, Regional dynamics and Operational landscape, Demographic profiling and Addressable market, Legal Set-up and Regulatory frameworks, Profitability and Cost analysis, Segmentation analysis of Market, Existing marketing strategies in the market, Best practice, GAP analysis, Competitive landscape, Leading market players, Benchmarking, Future market trends and opportunities – Scenario modeling
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the: Existing market infrastructures, Market challenges and opportunities, Potential for growth in certain industries in the coming years, End-consumer target groups and their potential volumes of operation, Best regions and segments to target , Pros and cons of various promotion models, Touch points and an opportunity breakdown within the value chain, Market size and growth rate during forecast period., Key factors driving the Market., Key market trends cracking up the growth of the Market., Challenges to market growth., Key vendors of Market., Detailed SWOT analysis., Opportunities and threats faces by the existing vendors in Global Market., Trending factors influencing the market in the geographical regions., Strategic initiatives focusing the leading vendors., PEST analysis of the market in the five major regions.
The market factors described in this report are:
Key Strategic Developments in the Market:
The research includes the key strategic developments of the market, comprising R&D, M&A, agreements, new product launch, collaborations, partnerships, joint ventures, and regional growth of the key competitors functioning in the market on a global and regional scale.
Key Market Features in Global Market:
The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition to that, the study provides a comprehensive analysis of the key market factors and their latest trends, along with relevant market segments and sub-segments.
Analytical Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key Points Covered in Robotics Market Report:
| Global Robotics Market Research Report |
| Section 1: Global Robotics Industry Overview |
| Section 2: Global Economic Impact on Robotics Industry |
| Section 3: Global Market Competition by Industry Producers |
| Section 4: Global Productions, Revenue (Value), according to Regions |
| Section 5: Global Supplies (Production), Consumption, Export, Import, geographically |
| Section 6: Global Productions, Revenue (Value), Price Trend, Product Type |
| Section 7: Global Market Analysis, on the basis of Application |
| Section 8: Robotics Market Pricing Analysis |
| Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers |
| Section 10: Strategies and key policies by Distributors/Suppliers/Traders |
| Section 11: Key Marketing Strategy Analysis, by Market Vendors |
| Section 12: Market Effect Factors Analysis |
| Section 13: Global Robotics Market Forecast |
……..and view more in complete table of Contents
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