Global Robot Gears and Sprockets Market 2017-2021

The global robot gears and sprockets market size will grow to USD 172.6 million by 2022. This report provides an analysis of the market by product (gears and sprockets), application (material handling, assembly line, welding, and painting), and geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several companies including DAVALL GEARS, Mitsubishi Heavy Industries, Nabtesco, and STOBER.

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Overview of the global robot gears and sprockets market

The global robot gears and sprockets market report predicts the market to grow steadily at a CAGR of over 7% by 2021. The growth of the industrial robotics market is one of the primary robot gears and sprockets market drivers. Industrial robotics offers various benefits in terms of productivity, quality, and precision in operations. The deployment of industrial robots in different industries requires a high degree of precision control. This has created a higher demand of sub-components like drives, gears, and sprockets as they ensure better flexibility and precision control of robots during the deployment, which will drive the robotic gears and sprockets market growth.

Advancements in the robotic vision will be one of the major robot gears and sprockets market trends in the coming years. The rising popularity of artificial intelligence and the evolution of technology incorporated in robotics have resulted in the development of modern robots with enhanced vision capabilities. These advancements in robotic vision have major implications for the associated robotic components and gears and sprockets as they are essential components in aiding the movement and flexibility of robots during industrial applications.

Competitive landscape and key vendors

The robot gears and sprockets market appears to be competitive due to the presence of several vendors. The well-established vendors in this market operate through indirect channels that involve sales through certified distributors, dealers, contractors, or system integrators. Several new players and system integrators are expected to enter the market due to low product differentiation and the less technical expertise required in manufacturing gears and sprockets. The competition among the global vendors is mainly in terms of product features, price, customization, and after-sales services.

According to the robot gears and sprockets market analysis, the leading vendors in the market are -

• DAVALL GEARS
• Mitsubishi Heavy Industries
• Nabtesco
• STOBER

The other prominent vendors in the market include Bevel Gears, Gear Motions, SPINEA, Stock Drive Products/ Sterling Instruments, and VEX Robotics.

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Segmentation by product type and analysis of the robot gears and sprockets market

• Material handling
• Assembly line
• Welding
• Painting

Industrial processes are deploying robots for material handling applications to address the productivity standards of industries and to overcome the diminishing supply of unskilled workforce. According to this market research report, the material handling segment accounted for the major shares of the robot gears and sprockets market during 2016.

Geographical segmentation and analysis of the robot gears and sprockets market

• Americas
• APAC
• EMEA

This robot gears and sprockets market research predicts APAC to be the major revenue contributor to the market by 2021. This is due to the rapid industrial development and automation requirements across countries like China, India, South Korea, Indonesia, and Taiwan. Several discrete manufacturing industries in APAC are also opting for industrial robots right from the commissioning of the plant to achieving higher productivity and efficiency, which will in turn, fuel the market’s growth prospects.

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 gears and sprockets market?
• What are the key market trends impacting the growth of the global robot gears and sprockets market?
• What are the challenges to market growth?
• Who are the key vendors in the global robot gears and sprockets market?
• What are the market opportunities and threats faced by the vendors in the global robot gears and sprockets market?
• What are the 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 gears and sprockets market?

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