Following a slowdown in growth rate in the second half of 2018, the global industrial robot market declined further in 2019. Weak demand and stagnating automotive production rates have placed significant downward pressure on the global industrial robot market. However, there are reasons to be optimistic. Long term drivers, both for industrial robots and for automation as a whole, remain very strong. We’re seeing demand grow in new areas, like life science, logistics and packaging, all of which accelerates the penetration rate for robots used in new applications. In addition, the emergence of different types of robots, including smaller payload and low cost robots, as well as cobots further contribute to the growth, by complementing the parts of the market where traditional industrial robots have historically been less able to address.
Our analysts have more than 15 years’ experience in industrial automation and robotics research. More than 6 months has been spent on researching and analysing the industry.
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