Analysis on New Product Launches in Covid-19 Related Markets-Industrial Robotics Services Market 2020-2024 | Surge in Demand for Industrial Robots to Boost Growth | Technavio

Technavio has been monitoring the industrial robotics services market and it is poised to grow by USD 10.94 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced the latest market research report titled Global Industrial Robotics Services Market 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., Lincoln Electric Holdings Inc., Midea Group Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Panasonic Corp., and Yaskawa Electric Corp. are some of the major market participants. The surge in demand for industrial robots will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Surge in demand for industrial robots has been instrumental in driving the growth of the market.

Industrial Robotics Services Market 2020-2024: Segmentation

Industrial Robotics Services Market is segmented as below:

• Application
  • Material Handling
  • Welding and Soldering
  • Assembly Line
  • Others
• Service
  • Engineering and Consulting
  • Installation and Commissioning
  • Robot Programming
  • Maintenance and Repair
  • Training
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Industrial Robotics Services Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial robotics services market report covers the following areas:

• Industrial Robotics Services Market Size
• Industrial Robotics Services Market Trends
• Industrial Robotics Services Market Industry Analysis

This study identifies technological innovations in industrial robotics services as one of the prime reasons driving the industrial robotics services market growth during the next few years.

Industrial Robotics Services Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the industrial robotics services market, including some of the vendors such as ABB Ltd., DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., Lincoln Electric Holdings Inc., Midea Group Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Panasonic Corp., and Yaskawa Electric Corp. Backed with competitive intelligence and benchmarking, our research reports on the industrial robotics services market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Industrial Robotics Services Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist industrial robotics services market growth during the next five years
• Estimation of the industrial robotics services market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial robotics services market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial robotics services market vendors

Table Of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application placement
• Material handling - Market size and forecast 2019-2024
• Welding and soldering - Market size and forecast 2019-2024
• Assembly line - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• DENSO Corp.
• FANUC Corp.
• Kawasaki Heavy Industries Ltd.
• Lincoln Electric Holdings Inc.
• Midea Group Co. Ltd.
• Mitsubishi Electric Corp.
• OMRON Corp.
• Panasonic Corp.
• Yaskawa Electric Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200504005307/en/