The report of India Industrial Robotics Market by Type (Traditional Industrial Robots (Articulated Robots, SCARA Robots, Parallel Robots, Cartesian Robots, Others), Collaborative Industrial Robots), Industry (Automotive, Electrical and Electronics, Plastics, Rubber, and Chemicals, Metals and Machinery, Food and Beverages, Precision Engineering and Optics, Pharmaceuticals and Cosmetics, Others) is expected to reach US$ XX Mn by 2027, at a CAGR of 13% during a forecast period.
Technological advancements has taken a long stride in the Industrial Robotics Market in India. Rising demand for automation in order to strengthen the product supply and domestic manufacturing has caused in the growth of Market. India has now emerged as a destination for industrial robotics companies. Development in automotive and electronics sector supported by increase in the food and pharmaceutical industries has driven the growth of the India Industrial Robotics Market.
Automotive Industry segment to dominate the India Industrial Robotics Market.
The automotive industry is the major end-users of the Indian industrial robotics market, followed by the electrical and electronics while contributing about 2/3 of the Indian market revenue collectively. India is a main automotive exporter and has strong export growth expectations for the upcoming future. Automobile exports grew by 15.5% throughout April 2018-February, 2019. Indian automotive industry is predictable to witness several effects in the next two years.
KUKA Robotics, Yaskawa, and Hyundai captured ~ 45% share of the market. Industrial Robotics Market in India is primarily dominated by application segments like dispensing, welding, and material handling.
Key players operating in the India Industrial Robotics Market are Yaskawa, KUKA Robotics, Hyundai, ABB, Kawasaki, Wittmann, Star Automation, GreyOrange, PARI, FANUC INDIA, Systemantics, Hi-Tech Robotic Systemz, Gridbots, Sastra Robotics, DiFACTO Robotics and ASIMOV Robotics.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India Industrial Robotics Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
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The post India Industrial Robotics Market reached a value of US$ XX Mn in 2019. Looking forward, the market is projected to grow at a CAGR of around 13% during forecast period reaching a value of US$ XX Mn by 2027. appeared first on MAXIMIZE MARKET RESEARCH.