
The global industrial robotics market is expected to grow at a rate of 5.4 per cent over the next three years to reach $41 billion annually, according to Allied Market Research.
AMR valued the market to be at $26.78 billion in 2012. Rapid growth in automation demands, coupled with reduction of duties on refurbished goods in Asia Pacific region has fuelled the growth of this market, the research company says.
Industrial robotics is expected to be used in alternative application areas in growing markets. The key area such as electronics, which is still growing at an increasing rate, has witnessed penetration of industrial robotics in a significant manner. [Read more…] about Industrial robotics market forecast to reach $41 billion globally by 2020











