Pune, India -- (SBWIRE) -- 12/07/2017 -- The global robotics market has been growing at a steady pace over the years with the automotive sector contributing the majority of the revenue. It is expected that the continued development of the robot technology along with miniaturization of sensors will contribute to the depreciation in prices of robots and trigger a rapid surge in sales of robots during the forecast period.

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With intense competition among industrial players, there is an increased emphasis on machinery and technologies that increase industrial efficiency and do not compromise on overall accuracy. Thus, industries across the world are deploying robots to meet the need for better precision and efficiency by end-users.

The analysts forecast global robotics market in the textile industry to grow at a CAGR of 21.76% during the period 2017-2021.

This report covers the present scenario and the growth prospects of the global robotics market in the textile industry for 2017-2021. To calculate the market size, the report considers the revenue generated from new sales and the services associated with them.

The market is divided into the following segments based on geography:
1. Americas
2. APAC
3. EMEA

This report, Global Robotics Market in the Textile Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors: ABB, Dematic Egemin, Neuenhauser Maschinenbau, Sewbo, SoftWear Automation & Universal Robots

Other prominent vendors: Adept MobileRobots, Balyo, BA Systèmes, Bastian Solutions, DF Automation and Robotics, Fanuc, KUKA, Lone Star Automated Systems, READY Robotics, Rethink Robotics, Seegrid, Smart Robotics, Stäubli, Suzhou Industrial Park AGV Technologies, Transbotics, Yaskawa Motoman

Market driver: Rise in adoption of robots in China

Market challenge: High cost of implementation

Market trend: Co-bots in the textile industry

Key questions answered in this global robotics market report:
1. What will the market size be in 2021 and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?

Complete report on robotics market in the textile industry spread across 70 pages, providing 6 company profiles with 37 exhibits is now available at http://www.reportsnreports.com/reports/1245444-global-robotics-market-in-the-textile-industry-2017-2021.html.

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