The Business Research Company’s latest report Industrial Robots Global Market Report 2020 covers Industrial Robots market drivers, Industrial Robots market trends, Industrial Robots market segments, Industrial Robots market growth rate, Industrial Robots market major players, and Industrial Robots market size. The report provides in-depth analysis of the impact of COVID-19 on the Industrial Robots industry, along with revised market numbers due to the effects of the coronavirus.
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Industrial Robots Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global industrial robots market is expected decline from $49.3 billion in 2019 and to $48.6 billion in 2020 at a compound annual growth rate (CAGR) of -1.39%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $63.9 billion in 2023 at CAGR of 9.5%.
The report covers the Industrial Robots market’s segments-
1) By Product Type: Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, SCARA Robots, Others.
2) By End-User Industry: Automotive, Electrical And Electronics, Healthcare & Pharmaceuticals, Food & Beverages, Rubber & Plastics, Metals & Machinery, Others.
3) By Application: Pick And Plane, Wielding And Soldering, Material Handling, Assembling, Cutting And Processing, Others.
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