Industrial Robotics Market Analysis, Segments And Forecasts To 2020: Grand View Research, Inc

The Global Industrial Robotics Market is expected to exceed USD 40 billion by 2020, according to a new study by Grand View Research, Inc. Increased demand from the automotive industry, coupled with growing labor costs has consequently encouraged industrial robots’ deployment in manufacturing. Increased emphasis on production quality in order to ensure survival in the competitive manufacturing sector is expected to drive the industrial robotics market. Growing measures pertaining to laborers’ safety have resulted in substitution of manual labor in industries by robots, thereby augmenting industrial robotics demand.