Used and Refurbished Robots Market in Americas 2017-2021

Overview of the used and refurbished robots market in the Americas

Research analysis on the used and refurbished robots market in the Americas identifies that advantages such as the reduction in company expenditure will be one of the major factors that will have a positive impact on the growth of this market. The utilization of used and refurbished robots will help industries cut down their operational cost and provides an opportunity to invest in other operational activities. For instance, the automotive industry is witnessing an increasing demand for autmobiles and auto components and the use of refurbished robots will enable automotive manufacturers to increase investments in developing innovative components and towards integrating advanced features. Technavio's market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

In terms of geography, the US will contribute to the maximum shares of this market. With features such as vision systems and GPS, industrial robots can work without human intervention and this has increased the awareness on the adoption of new technologies across various industries. The cost benefits offered by utilizing used and refurbished robots will be the major factor contributing to the growth of the market in this region. 

Competitive landscape and key vendors

The market is characterized by the presence of regional and global vendors and appears to be fragmented. The market is quite competitive and the vendors are mainly focusing on offering reconditioned robots to industries that are highly price conscious and are first-time users.

The leading vendors in the market are -

• Alliance Robotics
• Antenen Robotics
• MASTER Robotics
• Northline Robot World
• The Robot Company

The other prominent vendors in the market are Autotech Robotics, EUROBOTS, Industrial Robot Supply, New Age Robotics, and SCOTT Technology.

Segmentation by application and analysis of the used and refurbished robots market in the Americas

• Material handling and logistic
• Assembly line
• Welding
• Painting

During 2016, the material handling and logistic segment accounted for the major shares of this market. The increasing demand for robots from various industries including automotive, heavy machinery, food and beverages, and aerospace which involve the manufacturing of products, will propel the market's growth in this segment.

Segmentation by end-user and analysis of the used and refurbished robots market in the Americas

• Automotive industry
• Electronic and electrical industry
• Heavy machinery industry

The automotive industry accounted for the major revenue shares of this market during 2016. The presence of small and medium automotive component manufacturing and electronic assembly industries in the region will be a major factor driving the adoption of used and refurbished robots in this end-user segment during the forecast period.

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 used and refurbished robots market in the Americas?
• What are the key market trends impacting the growth of the used and refurbished robots market in the Americas?
• What are the challenges to market growth?
• Who are the key vendors in the used and refurbished robots market in the Americas?
• What are the market opportunities and threats faced by the vendors in the used and refurbished robots market in the Americas?
• Trending factors influencing the market shares of the US, Canada, Mexico, Brazil, and other countries.
• What are the key outcomes of the five forces analysis of the used and refurbished robots market in the Americas?

Technavio also offers customization on reports based on specific client requirement.

Robots that are reconditioned and restored to their original operating condition for deployment in industrial applications are categorized as used and refurbished robots. This upcoming research report on the used and refurbished robots market offers insights into the major trends and forthcoming drivers influencing the growth of the industrial automation industry. Our reports for the industrial automation industry implements a unique approach for data collection, which enables our industry experts to analyze fast growing market segments like robotics.

Our industry experts implement an extensive research approach of primary and secondary data collection methods and assess the changing demand-supply landscape of the robotics sector. Few of the key approaches involved in the in this methodology are detailed vendor briefing, online surveys, and consultation of industry journals and publications. Also, by considering the market forecast and size, surging demand for various segments of the robotics sector, the market research professionals at Technavio presents an all-inclusive picture of the used and refurbished robots market from 2017 to 2021.

To help clients gain a better understanding of the used and refurbished robots market, this report on covers vendors like Northline Robot World, Antenen Robotics, MASTER Robotics, Alliance Robotics, The Robot Company, Industrial Robot Supply, SCOTT Technology, and New Age Robotics. Moreover, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the used and refurbished robots market also covers geographies like the US, Canada, Mexico, and Brazil.

The upcoming industry research report for the used and refurbished robots market also categorizes the changing drivers, prominent trends, and the imminent restraints that the robotics sector currently experiences. This upcoming report on the used and refurbished market presents insights into the rapidly changing competitive landscape to give clients a complete outlook of the forthcoming events within the industrial automation industry. Technavio also offers in-depth market assessments into the sectors such as automation.

Our market research methodology for the used and refurbished robots market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.