TechNavio's analysts forecast the Global Industrial Robotics market to grow at a CAGR of 10.6 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing need to reduce manufacturing costs. The Global Industrial Robotics market has also been witnessing the development of next-generation robotics. However, the continuous decline in unit prices could pose a challenge to the growth of this market.
TechNavio's report, the Global Industrial Robotics Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Industrial Robotics market landscape and is growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include ABB Ltd., Yaskawa Electric Corp., and Fanuc Corp.