Global Robot Preventive Maintenance Market 2017-2021

Overview of the global robot preventive maintenance market

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.

Competitive landscape and key vendors

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 -

• ABB
• FANUC
• KUKA
• SCOTT
• Yaskawa Motoman

Segmentation by end-user and analysis of the robot preventive maintenance market

• Automotive industry
• Electronics and semiconductor industry
• Heavy machinery industry

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.

Geographical segmentation and analysis of the robot preventive maintenance market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

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

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