Industrial Robotics market Is Witnessing Significant Growth Due To Increasing Use For Non-Automotive Applications Till 2025
The global industrial robotics Industry was estimated at USD 25.68 billion in 2013 and is expected to reach USD 40.00 billion by 2020 owing to increased number of deployments in the manufacturing sector to simplify complexities and enhance productivity. Industrial robots are being increasingly used to simplify business activities including marketing, designing, selling, building, installing, maintaining and operating. An increased emphasis has been laid on productivity index to sustain in the competitive environment of the manufacturing sector and achieve quality results is expected to drive the industrial robotics market. Increasing labor costs coupled with growing demand from automotive industry is anticipated to be a key driving factor in the industry. Italy industrial robotics market, by application (USD Million) Manual labor has eventually replaced with self-programming robots owing to the job efficiency and cost-effectiveness on account of their abil...