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Cartesian Robots Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 149
  • SKU: IRTNTR73757
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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.

What will the Cartesian Robots Market Size be During the Forecast Period?

Cartesian Robots Market Size

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Cartesian Robots Market: Key Drivers, Trends, and Challenges

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.

Parent Market Analysis

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.

Who are the Major Cartesian Robots Market Vendors?

The report analyzes the market's competitive landscape and 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.
  • YUSHIN PRECISION EQUIPMENT Co. Ltd.

 

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.

Product Insights and News

  • Global.abb - The company offers a wide range of Robot selectors such as IRB 120, IRB 1200, IRB 1200 Hygienic, and IRB 1300 for a wide range of applications in industries.
  • Denso.com - The company offers XR Series 4 axis which is a compact gantry robot. It features a ceiling-mounted, flexible SCARA robot combined with a long stroke Cartesian robot.
  • Gudel.com - The company offers Gantry robots and Linear axis, multi axis modules as cartesian robots for industries.

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.

Cartesian Robots Market Value Chain Analysis

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.

Which are the Key Regions for Cartesian Robots Market?

Cartesian Robots Market Market segmentation by region

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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.

What are the Revenue-generating End-user Segments in the Cartesian Robots Market?

Cartesian Robots Market Segmentation

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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.

 

Cartesian Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.06%

Market growth 2022-2026

$ 2.60 billion

Market structure

Fragmented

YoY growth (%)

8.55

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key consumer countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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.

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

Customization purview

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What are the Key Data Covered in this Cartesian Robots Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive cartesian robots market growth during the next five years
  • Precise estimation of the cartesian robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cartesian robots industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cartesian robots market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Automotive - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.4 Electrical and electronics - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Electrical and electronics - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Electrical and electronics - Year-over-year growth 2021-2026 (%)
    • 5.5 Chemical and petrochemical - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Chemical and petrochemical - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Chemical and petrochemical - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Chemical and petrochemical - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Chemical and petrochemical - Year-over-year growth 2021-2026 (%)
    • 5.6 Food and beverage - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Food and beverage - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Food and beverage - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Food and beverage - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Food and beverage - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 48: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 US - Market size and forecast 2021-2026
      • Exhibit 82: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 South Korea - Market size and forecast 2021-2026
      • Exhibit 90: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 101: ABB Ltd. - Overview
              • Exhibit 102: ABB Ltd. - Business segments
              • Exhibit 103: ABB Ltd. - Key offerings
              • Exhibit 104: ABB Ltd. - Segment focus
            • 10.4 DENSO Corp.
              • Exhibit 105: DENSO Corp. - Overview
              • Exhibit 106: DENSO Corp. - Business segments
              • Exhibit 107: DENSO Corp. - Key news
              • Exhibit 108: DENSO Corp. - Key offerings
              • Exhibit 109: DENSO Corp. - Segment focus
            • 10.5 Gudel Group AG
              • Exhibit 110: Gudel Group AG - Overview
              • Exhibit 111: Gudel Group AG - Product / Service
              • Exhibit 112: Gudel Group AG - Key offerings
            • 10.6 IAI America Inc.
              • Exhibit 113: IAI America Inc. - Overview
              • Exhibit 114: IAI America Inc. - Product / Service
              • Exhibit 115: IAI America Inc. - Key offerings
            • 10.7 MIDEA Group Co. Ltd.
              • Exhibit 116: MIDEA Group Co. Ltd. - Overview
              • Exhibit 117: MIDEA Group Co. Ltd. - Business segments
              • Exhibit 118: MIDEA Group Co. Ltd. - Key offerings
              • Exhibit 119: MIDEA Group Co. Ltd. - Segment focus
            • 10.8 OMRON Corp.
              • Exhibit 120: OMRON Corp. - Overview
              • Exhibit 121: OMRON Corp. - Business segments
              • Exhibit 122: OMRON Corp. - Key news
              • Exhibit 123: OMRON Corp. - Key offerings
              • Exhibit 124: OMRON Corp. - Segment focus
            • 10.9 Seiko Epson Corp.
              • Exhibit 125: Seiko Epson Corp. - Overview
              • Exhibit 126: Seiko Epson Corp. - Business segments
              • Exhibit 127: Seiko Epson Corp. - Key news
              • Exhibit 128: Seiko Epson Corp. - Key offerings
              • Exhibit 129: Seiko Epson Corp. - Segment focus
            • 10.10 SEPRO ROBOTIQUE SAS
              • Exhibit 130: SEPRO ROBOTIQUE SAS - Overview
              • Exhibit 131: SEPRO ROBOTIQUE SAS - Product / Service
              • Exhibit 132: SEPRO ROBOTIQUE SAS - Key offerings
            • 10.11 TM Robotics
              • Exhibit 133: TM Robotics - Overview
              • Exhibit 134: TM Robotics - Business segments
              • Exhibit 135: TM Robotics - Key offerings
              • Exhibit 136: TM Robotics - Segment focus
            • 10.12 Yamaha Motor Co. Ltd.
              • Exhibit 137: Yamaha Motor Co. Ltd. - Overview
              • Exhibit 138: Yamaha Motor Co. Ltd. - Business segments
              • Exhibit 139: Yamaha Motor Co. Ltd. - Key news
              • Exhibit 140: Yamaha Motor Co. Ltd. - Key offerings
              • Exhibit 141: Yamaha Motor Co. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 142: Inclusions checklist
                • Exhibit 143: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 144: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 145: Research methodology
                • Exhibit 146: Validation techniques employed for market sizing
                • Exhibit 147: Information sources
              • 11.5 List of abbreviations
                • Exhibit 148: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  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.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Cartesian Robots Market market growth will increase by $2.60 bn during 2022-2026.
                  The cartesian robots market market is expected to grow at a CAGR of 9.06% during 2022-2026.
                  Technavio has segmented the cartesian robots market market 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).
                  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., YUSHIN PRECISION EQUIPMENT Co. Ltd. are a few of the key vendors in the cartesian robots market market.
                  APAC will register the highest growth rate of 50% among the other regions. Therefore, the cartesian robots market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  • US
                  • China
                  • Japan
                  • South Korea
                  • Germany
                  The key factors driving the cartesian robots market market growth are:
                  • Increase in demand for automated material handling in the industrial sector
                  • Increased focus on use of collaborative robots
                  The cartesian robots market market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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