COVID-19 Business Impact on Mobile Collaborative Robot Market Growth Opportunities, Market Share & Trends


Posted August 16, 2021 by devanshu

The mushrooming demand for industrial automation solutions is fueling the requirement for mobile collaborative robots.

 
The mushrooming demand for industrial automation solutions is fueling the requirement for mobile collaborative robots. The surging complexities of manufacturing processes, high labor costs, and labor shortage and the growing requirement for higher productivity are pushing up the demand for industrial automation across the world.

Additionally, many companies in developing countries such as India and China are increasingly using automation solutions for solving the issue of labor shortage and improving their productivity. Besides, the ballooning use of mobile collaborative robots in the automotive industry, on account of their several advantages such as standardization in manufacturing process and high-quality output, is also driving their sales around the world.

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Moreover, these robots provide various other benefits such as handling several tasks like assembling, material handling, and welding, which further boosts their popularity among automobile manufacturers. Furthermore, the boom in the automobile industry, especially in China and India, is propelling the demand for these robots.

Additionally, the mushrooming sales of electric vehicles are also driving the growth of the mobile collaborative robots market in APAC. Japan and China are dominating the industry, on account of the implementation of supportive government policies regarding the adoption of electric vehicles, including the provision of subsidies. For example, the Chinese government announced in April 2020 that it aims to extend the state subsidies for purchasing new-energy vehicles till the end of 2022.

Therefore, due to the growing requirement for industrial automation and higher industrial productivity, the sales of mobile collaborative robots are booming all over the world.
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Issued By Devanshu shrivastava
Country United States
Categories Business
Last Updated August 16, 2021