Industrial Robotics Market Cost Drivers, Cost Intelligence and Cost Saving Opportunities 2020–2027
Procurement Outlook Industrial robotics is a robot that is used in manufacturing. Often, they are colloquially called robotic arms. Industrial robots are programmed and automated to do very specific tasks. Usually, they are capable of movement of three or more axes. The most common functions that the industrial robots perform are assembly and handling, cutting and welding, packaging and palletizing, painting, and dispensing. Rising automation trends and industry 4.0 standards are resulting in the requirement of such robotic arms. Read report summary or request a free sample copy of the report @ Industrial Robotics Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027 Demand Outlook The global industrial robotics market was estimated at USD 68 billion in 2020 and it is anticipated to grow at a CAGR of 14% – 15% from 2020...