Market Players in Industrial Robotics Market Experience Growth with Acquisition of Asset Base
The global industrial production output has plummeted in the recent years. The industrial robots have witnessed sluggish demand in conventional industries such as automobiles and heavy engineering. However, increased need for automation in non-conventional areas, such as micro-electronics, has fostered the industrial robotics market growth. Hence, an auxiliary channel utilizing industrial robotics has surfaced in the recent years. The heavy engineering sector drives the demand for industrial robotics.
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