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
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
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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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
- Market overview
- Global robot preventive maintenance market
- Five forces analysis
PART 06: MARKET SEGMENTATION BY END-USER
- Segmentation by end-user
- Comparison by end-user
- Global robot preventive maintenance market by automotive industry
- Global robot preventive maintenance market by electronics and semiconductor industry
- Global robot preventive maintenance market by heavy machinery industry
- Global robot preventive maintenance market by other industries
- Market opportunity by end-user
PART 07: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Robot preventive maintenance market in APAC
- Robot preventive maintenance market in South Korea
- Robot preventive maintenance market in China
- Robot preventive maintenance market in Japan
- Robot preventive maintenance market in EMEA
- Robot preventive maintenance market in Germany
- Robot preventive maintenance market in the UK
- Robot preventive maintenance market in Spain
- Robot preventive maintenance market in Americas
- Robot preventive maintenance market in US
- Robot preventive maintenance market in Canada
- Robot preventive maintenance market in Mexico
- Market opportunity
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Growth of robotic rental market
- Adoption of corrective action and preventive maintenance
- Increased priority toward convenient service plans
- Growing adoption of third-party preventive maintenance
PART 11: VENDOR LANDSCAPE
- Competition overview
- Other prominent vendors
PART 12: VENDOR ANALYSIS
- Vendor overview
- ABB
- FANUC
- KUKA
- SCOTT
- Yaskawa Motoman
PART 13: APPENDIX