LONDON, March 20, 2017 /PRNewswire/ — The demand for robotics is anticipated to grow exponentially during the forecasting period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety.
The global industrial robotics market is expected to reach US$ XX Billion by 2021, growing at a CAGR of over 8% between 2016 and 2021. The adoption of automation to ensure quality production and meet market demand, and the growing demand from small- and medium-scale enterprises in developing countries is fueling the growth of industrial robotics market globally. On the basis of segment, the automotive industry accounted for highest share of the industrial robotics market. The electrical and electronics segment is the second largest market for industrial robotics and is expected to grow at double digit CAGR between 2016 and 2021. The metal industry is the third largest market for industrial robotics. Chemical, rubber and
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