Global Robot Drives Market 2017-2021

Overview of the global robot drives market

Technavio’s market research report predicts that the global robot drives market will grow at a CAGR of nearly 8% during the forecast period. The increase in number of SMEs investing in automation is one of the primary drivers for market growth. Numerous small and medium-sized enterprises and large industrial players have switched to industrial robots to cut down the operational costs and decrease the dependency on manual labor. Countries such as China, Japan, and Taiwan are observing the growth of SMEs across various end-user industries and these SMEs have started implementing automation and robotics on a wider scale. Moreover, A robot can increase the production output by twice the amount compared to a human worker and also help in minimizing the added expenses such as wages, compensation, and pensions incurred from manual labor. To provide products with an affordable price tag, numerous vendors are emerging in the market and are offering robots with extra features suitable for SMEs that are much safer with capabilities to perform repetitive tasks providing high efficiency.

In terms of geography, APAC dominated the global robot drives market during 2016 and is foreseen to continue the domination over the next four years. Factors such as the rapid industrial development and favorable economic conditions in the region will drive the market’s growth prospects in the coming years.

Competitive analysis and key vendors

The global robot drives market is characterized by the presence of numerous manufacturers that design and engineer servo drives for robotic OEMs and system integrators in the market. The frequent widening of the industrial robotic market has induced vendors to strengthen their all-round capabilities in robotic component manufacturing. Additionally, the system integrators and vendors who specialize in drive manufacturing are interdependent to sell their products and are also focusing on expanding their market presence.

Key vendors in the market are:

• Bosch Rexroth
• Ingenia Motion Control
• Robotics & Drives
• YASKAWA Electric Corporation

Other prominent vendors include ABB, Bass-Antriebstechnik, Beijing Leader & Harvest Elecric Technologies, Danfoss, DENSO Robotics, Emerson Electric, Fanuc, Harmonic Drive, Hitachi Industrial Equipment Systems, Kollmorgen, Micro-Motor, ROBOTEC Engineering, Rockwell Automation, Schneider Electric, and Siemens.

Segmentation by type and analysis of the robot drives market

• DC servo drives
• AC servo drives

During 2016, the DC servo drives segment dominated the robot drives market and is expected to continue the dominion over the next four years. The increasing adoption of DC servo drives in industrial robots will be the major factor contributing to the growth of this market segment.

Segmentation by application and analysis of the robot drives market

• Material handling
• Assembly line
• Welding
• Painting

As per this market research report, the material handling segment led the robot drives market during 2016 and is anticipated to continue its dominance during the forecast period as well. The increasing adoption of material handling robots across various industries to improve the productivity and address the need for unskilled workforce will be the major factor driving the growth of this market segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global robot drives market?
• What are the key market trends impacting the growth of the global robot drives market?
• What are the challenges to market growth?
• Who are the key vendors in the global robot drives market?
• What are the market opportunities and threats faced by the vendors in the global robot drives market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA. 
• What are the key outcomes of the five forces analysis of the global robot drives market?

Technavio also offers customization on reports based on specific client requirement.