Report ID: SQMIG20I2180
Report ID:
SQMIG20I2180 |
Region:
Global |
Published Date: December, 2024
Pages:
202
|
Tables:
163 |
Figures:
80
Asia Pacific is expected to emerge as the dominant market for industrial robotics companies. The presence of key robot manufacturers in this region and a strong industrial infrastructure are contributing to the high demand for industrial robotics in this region. India, China, and Japan remain at the forefront in terms of industrial robotics adoption in the Asia Pacific region. Rising labor costs and growing acceptance of robotics are also expected to help this region maintain its dominance over the coming years.
Meanwhile, the demand for industrial robotics is estimated to increase at an impressive pace in the North American region owing to the high demand for automation. Growing emphasis on industries in this region to maximize their productivity and efficiency is slated to help promote industrial robotics demand. High investments in the development of smart factories in this region and supportive government initiatives to promote the use of robots are also helping this region contribute to global market growth. The United States is the most important market for industrial robotics companies in this region.
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Report ID: SQMIG20I2180