Industrial Robotics Market to Hit US $80 Billion by 2024, by Key Vendors: Fanuc Corporation, OTC Daihen, Epson America, ABB Group Ltd., KUKA AG and 10 Others
The segmentation of the industrial robotics market by product indicates that collaborative robots are expected to have the highest growth rate over the forecast timeframe. These have a large work envelope and high usage as they allow employees to work alongside and are priced significantly lower as compared to its counterparts. Additionally, the adoption of the collaborative industrial robotics market decreases human idle time by 85% and substantially boosts the efficiency of the overall manufacturing process.
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