Heavy Payload Robotic Arm Market Growth Opportunities and Business Strategies By 2025
According to Research, The heavy payload robotic arm market was valued at $9,740.57 million in 2017 and is expected to reach $13,620.96 million by 2025, registering a CAGR of 4.39% from 2018 to 2025. Automotive industry dominated the heavy payload robotic arm market, accounting for around one-third share of the total revenue by end-user industry. The heavy payload robotic arm helps perform heavy duty tasks such as picking & placing, machine loading, parts transfer, and palletizing. Moreover, these mechanical arms deliver superior performance in tasks that are labor intensive, repetitive, physically enduring, and potentially dangerous for human labor. Increase in expenditure towards improving the production capabilities through adoption of industrial robotics and robotic arms is the major factor driving the growth of heavy payload robotic arm market. Download Research Sample with Industry Insights @ https://www.alliedmarketresearch.com/request-sample/6693 Major Players:...