The global modular robotics market size is accounted to register a significant CAGR of around 10% during the forecast period 2021 to 2027. The rising penetration of IoT (Internet of Things) devices in the manufacturing process is one of the key factor to drive the market growth. Furthermore, the increasing manufacturers focus to enhance productivity and reduce the operational cost is further anticipated to fuel the market growth. Moreover, technological advancement and the increasing adoption of the product in various end-use industries are expected to propel the market over the forecast period. However, the complexity of modular robotics and high initial cost are some major factors to restrain the market growth.
The report titled "Modular Robotics Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Modular Robotics industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Modular Robotics market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Modular Robotics Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Data Modular Robotics Market Segmentation:
By Robot Type:
- Articulated Modular Robots
- Cartesian Modular Robots
- SCARA Modular Robots
- Parallel Modular Robots
- Collaborative Modular Robots
- Food & Beverages
- Electrical & Electronics
- Metals & Machinery
· North America
· Asia Pacific
· Latin America
· Middle East & Africa
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List of Key Companies:
- ABB Ltd.
- Kuka AG
- Fanuc Corporation
- Mitsubishi Electric Corporation
- Yaskawa Electric Corporation
- Comau Group
- OTC Daihen Inc.
- Denso Corporation
- Kawasaki Heavy Industries Ltd.
Key Questions Answered by Modular Robotics Market Report
· Product popularity and adoption based on various country-level dynamics
· Regional presence and product development for leading market participants
· Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
· Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
· number of employees and market concentration, among others
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