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Technavio’s research analysis on the global robot preventive maintenance market identifies benefits such as the reduction in industrial downtime as one of the major factors that will have a positive impact on the market’s growth during the next few years. With the adoption of automation for several applications, preventive maintenance has always been the priority of industries. The continuous operations performed by robots lead to wear and tear and results in damaging crucial components. This will lead to the preference for preventive maintenance since it reduces the uncertainty of breakdown which will decrease the efficiency of industrial robots, this will in turn, lead to reduction in downtime which will result in better productivity and also decreases maintenance cost. Our market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.
The growth of the robotic rental market will be one of the latest trends that will gain traction in the robot preventive maintenance market during the next four years. The market has witnessed a shift from the labor-intensive approach to robotics, since it provides a high level of efficiency while performing exhaustive and hazardous applications. The increasing demand for robots has induced vendors to offer refurbished and rental robots for proper disposal and the sustainable utilization of robot. Renting robots is cost-effective and vendors offer various services incuding the training and replacement of any damaged components.
Owing to the presence of several large and small-scale vendors, the robot preventive maintenance market appears to be highly fragmented. The vendors in this marketspace are focusing on the performance of industrial robots and offer different service packages and facilities, such as individualized preventive maintenance and extended warranty maintenance services.
The leading vendors in the market are -
During 2016, the automotive industry was the major end-user segment to the robot preventive maintenance market. The industry is highly preferring the adoption of industrial robots and is transitioning from the use of traditional manufacturing methods and manually operated assembly line tools. The rise in demand for vehilces due to the development of electronic cars and self-driven vehicles, will propel the growth prospects of the industrial robot maintenance market in this end-user segment.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the robot preventive maintenance market throughout the forecast period. The developing countries in the region contribute to the maximum revenue to the market due to the presence of a large number of industrial robot vendors. The presence of system integrators and software providers and the support offered by the regional vendors towards new installations of robots, will fuel the market’s growth prospects in this region.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: REGIONAL LANDSCAPE
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
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