Portland, OR -- (ReleaseWire) -- 07/02/2014 -- The report scrutinizes the worldwide industrial robotics market to touch a market figure of $41.17 billion in 2020, enlisting a CAGR of 5.4% from 2013 to 2020. Developing requirement for automation and lessened duties on repaired goods in Asia Pacific has helped the market development tremendously.
Get full details of report at: http://www.reportsandintelligence.com/industrial-robotics-market
The alternative application sector, particularly in the developing market is relied upon to use industrial robotics to a great extent. Further, industrial robotics has been fruitful in entering the electronic markets. Another noteworthy application that would use industrial robotics is healthcare; while Nanorobotics is gathering significance in industrial robotics field.
The principle robot types incorporate articulated robots, cylindrical robots, SCARA robots, and cartesian robots, among which, articulated robots holds the biggest share with an income of $12.97 billion in the year 2012, owing to its expanding application in the rising businesses, for example, healthcare and packaging. Be that as it may, the report expects cylindrical shaped robots and other sort of robots, for instance, customized and refurbished robots to develop at impressive rate in future due to their increasing application in Asia Pacific.
Regarding industrial application, the market is divided into automotive industry, electrical & electronics, chemical, rubber & plastics, machinery, metals industry, food & beverages, precision & optics, and so forth. In the year 2012, the market was overwhelmed via automotive section; be that as it may, in impending years, it is relied upon to witness slower development because of moderate development of automotive industry, across the globe. The report foresees the food and beverages area to have speediest development rate of 6.9% throughout the estimated period.
Get upcoming similar report at Reports and Intelligence –
Global Artificial Lift System Market @ http://www.reportsandintelligence.com/artificial-lift-system-market
As far as function, the report sections the market into soldering and welding, materials assembling & disassembling, handling, painting and dispensing, milling, cutting and processing, and others. With 49.45% share, Asia pacific generated maximum income in the year 2012. The development of Asia Pacific due to increasing improvements in infrastructure and increasing R&D in nations, for example, China, Japan, Taiwan, India, and Australia.
Reports and Intelligence is an online library for research reports in numerous sectors and their verticals. This is the one stop destination for well researched reports with exact market analysis. We have a well known clientele lists who are master in preparing research reports. We make sure that all our clients adopt a rational and scientific approach in order to sell their reports on our webs tie. Thus, every report that we sell are well studied and based on accurate facts and figures.
We act as single point of contact for market, business and investment related inquires and information, help managerial level personnel to make decision based on latest reports and analysis; which will prove to be beneficial for their growth. Hence, all the reports which we sell are competent enough to help your goals reach its destination.
5320 SW Macadam Avenue,
Portland, OR 97239,
Direct: +1 (617) 674-4143
Toll Free: +1 (855) 711-1555
Fax: +1 (855) 550-5975