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The cartesian robots market size is forecast to increase by USD 3.29 billion at a CAGR of 9.57% between 2023 and 2028.
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Cartesian robots have gained popularity in various industries due to their scalability and suitability for applications requiring precision, sturdiness, and repeatability. These robots, which include 3-axis systems, are widely adopted in sectors such as food and beverages, automotive, electronics, and electrical systems. Their advantages include high precision, accuracy, and flexibility, making them ideal for material handling, pick and place, palletizing/depalletizing, and machine tending. In the automotive sector, cartesian robots enable high-speed pick-and-place applications and improve production efficiency. For instance, TM Robotics, a subsidiary of TOSHIBA MACHINE, provided a cartesian robot cell to Dinalot, a Spanish automotive parts manufacturer, to enhance production.
Furthermore, the use of these robots also reduces the need for additional safety equipment and allows for easy integration into existing workflow processes. These robots are also employed in industries such as healthcare, aerospace, and robot-assisted automation, handling heavy loads and objects, and In the metals industry for adhesives, sealants, welding, and more.
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The automotive segment was valued at USD 1.48 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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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. Hence, such factors are driving the market in APAC during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increase in demand for automated material handling in the industrial sector is the key driver of the market.
Increased focus on the use of collaborative robots is the upcoming market trend.
Technical challenges affecting industrial applications is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Cartesian robots have gained significant traction in various industries due to their unique capabilities and advantages. These robots, which move in a linear motion along Cartesian coordinates, offer scalability and versatility that make them suitable for a wide range of applications. One of the primary reasons for the growing popularity of these robots is their precision and sturdiness. They are designed to handle heavy loads with high accuracy, making them ideal for material handling in industries such as metals and manufacturing. In the automotive sector, these robots are used extensively for welding, adhesive application, and painting processes, where precision and repeatability are crucial.
Moreover, cartesian robots offer flexibility and adaptability, making them suitable for various applications in different industries. For instance, In the food and beverages sector, these robots are used for pick and place operations, palletizing and depalletizing, and product/part transfer. In the healthcare industry, they are used for robot-assisted surgeries and pharmaceutical manufacturing. In the aerospace industry, these robots are used for assembly and testing of components. The advantages of these robots extend beyond precision and versatility. They offer high speed and can work continuously without deflection or vibrations, which is essential for industries that require high-speed production and minimal downtime.
Furthermore, they offer easy programming and can be integrated with intelligent systems and automation, making them an attractive option for industries looking to streamline their workflow processes and reduce manual workload. These robots are also gaining popularity In the transportation sector, particularly In the areas of transportation handling robots and logistics. They are used for sorting, labeling, and palletizing, making them ideal for warehouses and distribution centers. In the waste handling industry, they are used for picking and placing heavy objects, reducing the need for manual labor and increasing efficiency. The adoption is not limited to traditional industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.57% |
Market Growth 2024-2028 |
USD 3.29 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.06 |
Key countries |
China, Japan, South Korea, Germany, and US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 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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