Global Industrial Robotics Market Propelled by Rising Popularity of Automation
Of late, the global market for industrial robotics has been witnessing a tremendous rise in its market valuation, thanks to the rising popularity of automation. On account of the increasing labor cost, the need for automation has increased in various markets such as automotive and construction, fueling the demand for industrial robots in the global arena. Browse the full Global Industrial Robotics Market Report: http://www.mrrse.com/global-industrial-robotics-market In 2013, the global industrial robotics market had reached a value US$28.9 bn, states a research report published by Transparency Market Research (TMR), a market intelligence and research firm. Analysts at TMR further estimate this market to rise at a CAGR of 6.20% over the period from 2014 to 2020 and reach US$44.5 bn by the end of 2020. Increasing Uptake of Industrial Robots among SMEs to Drive Market The rising adoption of industrial robots among medium and small-scale businesses i...