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Monday, June 25, 2012

Industrial Robotics Market Forecast 2012-2017

Credit: Marketsandmarekts 
According to the market research report “Industrial Robotics Market - Global Forecast & Analysis by Applications, Functions, Product & Geography (2012 - 2017)” published by MarketsandMarkets, the total industrial robotics market is expected to reach $32.8 billion by 2017 at a CAGR of 5.0% from 2012 to 2017.
In terms of unit shipments, it is estimated to ship 176,586 units in 2012 and 234,122 units in 2017, at a compound grow rate of 5.8% from 2012 to 2017. Growing non-automotive applications of industrial robotics, increasing use of industrial robots in emerging countries, and benefits like increased productivity and reduction in manufacturing costs are certain factors driving the industrial robotics market. 
Some of the major competing players in this market are ABB ltd (Sweden), Kuka AG (Germany), Fanuc (Japan), Yaskawa (Japan), Kawasaki Robotics (Japan), DENSO Robotics (Japan), Adept Technologies (U.S), Yamaha Robotics (Japan), Toshiba Machine (Japan), EPSON Robots (Japan), Panasonic Welding Solutions Ltd (Japan) and Stäubli Robotics (Germany).