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The cartesian robots market share is expected to increase to USD 2.60 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.06%.
This cartesian robots market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cartesian robots market segmentations by end-user (automotive, electrical and electronics, chemical and petrochemical, food and beverage, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The cartesian robots market report also offers information on several market vendors, including ABB Ltd., Bosch Rexroth AG, Brooks Automation Inc., DENSO Corp., Gudel Group AG, HIRATA Corp., IAI America Inc., KOGANEI Corp., MIDEA Group Co. Ltd., Nidec Corp., OMRON Corp., Parker Hannifin Corp., Samick THK Co. Ltd., Seiko Epson Corp., SEPRO ROBOTIQUE SAS, STON ROBOT, TM Robotics, Yamaha Motor Co. Ltd., Yaskawa Electric Corp., and YUSHIN PRECISION EQUIPMENT Co. Ltd. among others.
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The increase in demand for automated material handling in the industrial sector is notably driving the cartesian robots market growth, although factors such as technical challenges affecting industrial applications may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cartesian robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cartesian Robots Market Driver
The increase in demand for automated material handling in the industrial sector is one of the key drivers supporting the cartesian robots market growth. Conventional loading is labor-intensive, however, cartesian robots have the ability to handle heavy loads due to their framework and mechanical components, which make them efficient for material handling applications and thus save labor costs. Furthermore, the cost of owning, leasing, and maintaining material handling tools such as forklifts, conveyors, and trucks is significantly high. Thus, companies are increasingly adopting cartesian robots as these systems have the capability to increase volumes and can carry heavy loads compared with SCARA and 6-axis robots. Such applications in material handling will drive the cartesian robots market growth during the forecast period.
Key Cartesian Robots Market Trend
Increased focus on the use of collaborative robots is one of the key cartesian robots market trends contributing to the market growth. Collaborative robots are meant to work in collaboration with humans. These robots use specialized sensors and robot controllers for operations and are built using advanced smart sensors such as torque sensors and built-in safety sensors to enhance coordination and sense the environment. The popularity of these robots has increased among industry players because of their low cost. Cartesian robots are the most prominently used robots across manufacturing facilities. However, these robots lack the capability to work safely with the workforce. In view of this, vendors are focusing on developing collaborative cartesian robots because of their increasing demand. Such an increasing demand will drive the cartesian robots market growth during the forecast period.
Key Cartesian Robots Market Challenge
Technical challenges affecting industrial applications is one of the factors hampering the cartesian robots market growth. There are certain challenges faced by industrial operators during the installation of cartesian robots due to the limited reach of robots around and into the obstruction. These robots also require a mounting frame because they are not freestanding. Furthermore, cartesian robots are not specifically suited for applications that require additional part orientation for complicated tasks such as the welding process. Moreover, the performance of the overall cartesian robot depends on actuators that enable the linear movement of the robot. The two- and three-axis non-servo cartesian devices have many components, including cylinders, actuators, tubing, solenoids, and switches. Thus, they have several points of potential failure. Such challenges may limit the cartesian robots market growth during the forecast period.
This cartesian robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global cartesian robots market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cartesian robots market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the cartesian robots market encompasses successful business strategies deployed by the key vendors. The cartesian robots market is fragmented and the vendors are deploying growth strategies such as product features, prices, customized solutions, and services offered to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cartesian robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the cartesian robots market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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50% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for the cartesian robots market in APAC. Market growth in this region will be faster than the growth of the market in North America and Europe.
The presence of skilled labor will facilitate the cartesian robots market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020 due to the outbreak of COVID-19 the cartesian robots market in APAC witnessed certain challenges. However, in 2021, as a result of large-scale vaccination drives across the region in 2021, lockdown restrictions were lifted in a large number of nations. It allowed the resumption of many industrial and construction activities across end-user industries, boosting the demand for the cartesian robots market in 2021, which, in turn, is expected to fuel the growth of the market in APAC during the forecast period.
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The cartesian robots market share growth by the automotive segment will be significant during the forecast period. The use of cartesian robots in the automotive industry enables high-speed pick-and-place applications as well as reduces the overall rejection of components even while working at high speed. Most of the cartesian robots in the automotive industry are usually integrated with machine vision systems. These systems help in identifying the key part in an assembly line and sorting the parts and components at high speed. In addition, they help medium-sized enterprises (SMEs) in the efficient utilization of floor space while reducing the total workforce requirement. Such factors will drive the cartesian robots market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cartesian robots market size and actionable market insights on post COVID-19 impact on each segment.
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Cartesian Robots Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.06% |
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Market growth 2022-2026 |
$ 2.60 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.55 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 50% |
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Key consumer countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., Bosch Rexroth AG, Brooks Automation Inc., DENSO Corp., Gudel Group AG, HIRATA Corp., IAI America Inc., KOGANEI Corp., MIDEA Group Co. Ltd., Nidec Corp., OMRON Corp., Parker Hannifin Corp., Samick THK Co. Ltd., Seiko Epson Corp., SEPRO ROBOTIQUE SAS, STON ROBOT, TM Robotics, Yamaha Motor Co. Ltd., Yaskawa Electric Corp., and YUSHIN PRECISION EQUIPMENT Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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