Overview of the global parallel robots market
Market research analysts at Technavio have predicted that the global parallel robots market will grow steadily at a CAGR of almost 6% by 2020. Originally developed for low payload applications such as packaging, Delta robots are now being employed in the food processing industry as they can sort and pack all kinds of foods, including fine chocolates and pizzas. Delta robots with larger multi-axis are more suitable for picking eggs, chocolates, candies, and small pieces of meats from conveyors belts. They are smaller and faster than Cartesian robot and will soon find more applications in the upstream processes of food and beverage manufacturing plants. Moreover, as these robots are easy to clean and maintain, they offer enhanced productivity, strictly adherence to hygiene standards, and can also use sharp knives with high precision, which are significant features for their increased deployment in the food processing industry.
Delta robots are currently used in the manufacturing industry as advanced control arms with limited sensing capabilities to carry out structured and repetitive tasks. However, technological advancements in the future and the development of advanced sensors, hardware, and software will result in the introduction of delta robots that are more intelligent and autonomous in their capabilities. The adoption of the Internet of Things (IOT) will enable manufacturers control and monitor the operation of delta robots through smart devices from remote locations. This in turn, will result in the increased speed of operations, decreased manufacturing costs, improved product quality, and improved maintenance and will emerge as one of the major trends that will gain traction in this market.
Competitive landscape and key vendors
Due to different levels of integration requirements and installations, this market comprises of various hardware, software, allied components, and solutions providers. Suppliers of raw material, allied components, and technology also form a significant part of the value chain. The market is currently characterized by a few vendors and key market players such as ABB, Codian Robotics, FANUC, and OMRON dominate the market. Parallel robots manufacturers include allied components, technology, and software either through in-house development or from independent entities and are solely responsible for the integration of systems, testing, and commercializing these products into the market.
The leading vendors in the market are -
- Codian Robotics
The other prominent vendors in the market are Epson Robotics, Kawasaki Heavy Industries, Mitsubishi Robotics, Penta Robotics, Staubli Robotics, and Yamaha Robotics.
Segmentation by end-user and analysis of the parallel robots market
- Food and beverages
During 2015, the food and beverages segment accounted for a major share of the market and dominated the industry. Analysts have estimated that this market segment posted an impressive revenue of almost USD 96 million during 2015 and will be a major contributor to the market’s growth during the predicted period as well. To provide for the increased demand from customers, food processing companies have started to focus on optimizing and automating their process lines. Employing parallel robots not only speeds up the production process but also maintains high standards of hygiene throughout the production cycle.
Geographical segmentation and analysis of the parallel robots market
This market study estimates that in terms of geographical regions, APAC will dominate the market throughout the forecast period and will also account for more than 38% of the total share of the global parallel robots market by 2020. The adoption of sustainable packaging or green packaging methods, by various countries in APAC, the increase in contract manufacturing, government initiatives, and the rise in sale of self-medication and OTC drugs will be major factors that will fuel the growth of the market in the coming years.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global parallel robots market?
- What are the key market trends impacting the growth of the global parallel robots market?
- What are the challenges to market growth?
- Who are the key vendors in the global parallel robots market?
- What are the market opportunities and threats faced by the vendors in the global parallel robots 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 parallel robots market?
Technavio also offers customization on reports based on specific client requirement.
A parallel robot or parallel manipulator is machinery that offers excellent performance with regard to stability, precision, and rigidity to manipulate large loads. Parallel robots comprise three or more rotary or prismatic axes that operate parallel to each other. These robots are primarily used in the laboratories and pick and position applications. The installation of parallel robots into processes enhances the employees' quality of life, besides being cost-effective for employers. These robots will witness increased acceptance across several verticals like electrical/electronics, semiconductor, and food & beverage.
The report, global parallel robots market, is part of Technavio’s industrial automation research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automation and robotics. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
Table of Content
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
- Other prominent vendors
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by end-user
- Global parallel robots market in food and beverage industry
- Global parallel robots market in pharmaceutical industry
- Global parallel robots market in electronics and semiconductor industry
PART 07: Geographical segmentation
- Parallel robots market in APAC
- Parallel robots market in Americas
- Parallel robots market in EMEA
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Key stakeholder responsibilities
- Codian Robotics
- OMRON Adept Technologies
PART 14: Appendix
PART 15: Explore Technavio
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
- Collation of data
- Estimation of key figures
- Analysis of derived insights
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape