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Industrial Cobot Market to Reach $12.48 Billion, Globally, by 2026 at 44.8% CAGR: AMR

PORTLAND, Oregon, May 4, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Industrial Cobot Market by Application (Material Handling, Machine Tending, Test/Inspection, Value Added Processing, and Transport), and End User (Automotive, Electronics, Food & Beverages, Manufacturing, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2018a??2026".A  According to the report, the global industrial cobot industryA garnered $0.65 billion in 2018, and is projected to garner $12.48 billion by 2026, witnessing a CAGR of 44.8% from 2019 to 2026.Prime determinants of growth-Rise in demand for automation, availability of affordable and energy-efficient industrial cobots, and surge in investment in R&D activities augment the growth of the global industrial cobot market. However, high installation cost restrains the market growth. On the other hand, growing robot installation in various industry verticals across the globe offers multiple opportunities to the market players.A  Download Report Sample: https://www.alliedmarketresearch.com/request-sample/6439The material handling segment to dominate the market-
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