Global Industry Analysts Predicts the World Robotics Market to Reach 2 Million Units by 2026

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Robotics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: May 2021
Executive Pool: 18685
Companies: 11574 - Players covered include ABB Group; Omron Corporation; iRobot Corporation; FANUC Corporation; Intuitive Surgical, Inc.; Yaskawa Electric Corporation; Midea Group Co., Ltd.; Mobile Industrial Robots ApS and Others.
Coverage: All major geographies and key segments
Segments: Application (Industrial, Services); Segment (Mobile Robotics, Exoskeleton, Static Robotics)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Robotics Market to Reach 2 Million Units by 2026
Amid the COVID-19 crisis, the global market for Robotics estimated at 796.3 Thousand Units in the year 2020, is projected to reach a revised size of 2 Million Units by 2026, growing at a CAGR of 16% over the analysis period. Mobile Robotics, one of the segments analyzed in the report, is projected to record a 18.5% CAGR and reach 813.5 Thousand Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Exoskeleton segment is readjusted to a revised 15.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at 247.8 Thousand Units in 2021, While China is Forecast to Reach 444.1 Thousand Units by 2026
The Robotics market in the U.S. is estimated at 247.8 Thousand Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 444.1 Thousand Units by the year 2026 trailing a CAGR of 21% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.2% and 14.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.

Static Robotics Segment to Reach 831.8 Thousand Units by the year 2026
In the global Static Robotics segment, USA, Canada, Japan, China and Europe will drive the 13.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 276.7 Thousand Units in the year 2020 will reach a projected size of 670.1 Thousand Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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