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(IT-NEWSWIRE.COM, March 20, 2018 ) The Global Industrial Robot market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
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The global industrial production output is expected to witness moderate growth during the forecast period. The demand for industrial robotics is majorly observed in industries such as automobiles and heavy engineering. However, increased need for automation in non-conventional areas, such as microelectronics, has increased the demand of industrial robotics. Hence, an auxiliary channel utilizing industrial robotics has surfaced in the recent years. The heavy engineering sector is also responsible for the increased demand of industrial robotics.
The global industrial robotics market is impacted by several factors such as usage of industrial robotics in the manufacturing industry, increased demand for automation activities in the industry, reduction in custom duties, and evolving robotics & artificial intelligence (AI) industry. Furthermore, the high cost of industrial robotics solutions is a major hindrance for the industrial robotics market growth.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially the United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Industrial Robot.
United States plays an important role in global market, with market size of xx million USD in 2017 and will be xx million USD in 2025, with a CAGR of XX.
This report studies the Industrial Robot market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Industrial Robot market by product type and application/end industries.
The industrial robotics market is segmented based on function into soldering & welding, materials handling, assembling & disassembling, painting & dispensing, milling, cutting, & processing function, and others. In the functions segment, materials handling subsegment contributed the highest revenue in the global industrial robotics market.
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Source: EmailWire.Com 
Source: EmailWire.com
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