The Business Research Company’s Industrial Robots Market Global Report 2020-30: Covid 19 Growth and Change. The report covers market size, key players, market share and trends to 2030.
Industrial Robots Market Global Report 2020-30: Covid 19 Growth and Change is one of a series of new reports from The Business Research Company that provide Industrial Robots market overviews, analyze and forecast market size and growth for the whole market, Industrial Robots market segments and geographies, Industrial Robots market trends, Industrial Robots market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The industrial robots market consists of sales of robotic products and related services for the performance of a specific task. A robot is a programmable, mechanical device generally used in place of a person to perform dangerous or repetitive tasks with a high degree of accuracy. A robot has its control system and is not controlled by a machine.
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The global industrial robots market is expected decline from $49.3 billion in 2019 and to $48.6 billion in 2020 at a compound annual growth rate (CAGR) of -1.39%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $63.9 billion in 2023 at CAGR of 9.5%.
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