Top Companies – Fanuc Corporation, ABB Ltd., Yaskawa Electric Corporation, KUKA AG, Kawasaki Heavy Industries, Ltd., Universal Robots, Denso Corporation, Mitsubishi Electric Corporation, Epson Robots, Nachi-Fujikoshi Corp., Fisnar Inc., Stäubli International AG
Luton, Bedfordshire, United Kingdom, June 27, 2024 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Industrial and Service Robot Market
The global Industrial and Service Robot market is anticipated to grow from USD 56.57 Billion in 2023 to USD 110.24 Billion by 2030, at a CAGR of 10% during the forecast period
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The market for industrial and service robots encompasses a diverse array of technologies and applications, serving industries ranging from manufacturing and logistics to healthcare and hospitality. Industrial robots are designed for tasks such as assembly, welding, painting, and material handling in factory settings, aimed at enhancing productivity and precision. On the other hand, service robots are utilized in non-manufacturing environments to perform tasks like customer service, healthcare assistance, and cleaning, emphasizing convenience and efficiency in service industries.
Key players in the industrial and service robot market include established manufacturers like Fanuc Corporation, ABB Ltd., Yaskawa Electric Corporation, KUKA AG, Kawasaki Heavy Industries, Ltd., Universal Robots, Denso Corporation, Mitsubishi Electric Corporation, Epson Robots, Nachi-Fujikoshi Corp., Fisnar Inc., Stäubli International AG, Omron Corporation, Rethink Robotics (Acquired by HAHN Group), Hanwha Corporation, Adept Technology, Inc. (Acquired by OMRON Corporation), Comau S.p.A. (Subsidiary of Stellantis), Blue Ocean Robotics, Techman Robot Inc., Balyo SA, known for their robust industrial robot solutions. In the service robot segment, companies such as SoftBank Robotics, and Intuitive Surgical are leading the way with innovative robots designed for specific applications in healthcare, retail, and beyond.
The report also highlights the key driving factors and restraints that are impacting the growth. For a comprehensive understanding, the professionals have reviewed the regulatory scenario, market entry strategies, best industry practices, pricing strategy, technology landscape, and consumption, sales, and demand outlook. Y-o-Y growth estimates have also been included to provide the users with accurate statistics and facts. This report will give the readers a bigger and see-through picture of the overall scenario
