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Industrial Robotics Market to Top $41 billion by 2020

Monday, June 11, 2018
The global industrial robotics market will reach $41.23 billion by 2020, and will expand at a compound annual growth rate of 7 percent, according to a new report by Grand View Research, Inc. The automotive industry’s rapid expansion is stoking growth of the market, says the report, which highlights the role robots are playing in the evolution of “a new ecosystem characterized by lucrative, rewarding, and high-paying jobs.”

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