Used and Refurbished Robots Market in APAC 2017-2021

The infographic below contains key findings from our analysis of the used and refurbished robots market in APAC

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Overview of the used and refurbished robots market in APAC

Market research analysts at Technavio predict that the used and refurbished robots market in APAC will grow steadily at a CAGR of more than 7% by 2021. This market research analysis identifies the adoption of robots by industries to reduce manual operations as one of the primary growth factors for this market. Large industries carry out several operations that are exhaustive and risky when carried out by humans. Additionally, the implementation of robotic technologies also reduces operational cost, reduces wastage of raw materials, and provides a long-term return on investment. This is inducing major players in the automotive, heavy machinery, and electronics and electricals industries to adopt these robots, which will subsequently fuel the market’s growth prospects in the coming years.

The market analysis identifies the integration of artificial intelligence as one of the key trends behind the growth of this market. The integration of advanced technologies such as the Internet of Things and cloud computing that is contributing to the increased adoption of robots in industrial applications. Artificial intelligence in robots has enables industries to improve the speed of industrial operations and develop production capacities in addition to control the robots. The use of fully automatic robots also reduces the manual processes and increases the optimum efficiency of the industries.

Competitive landscape and key vendors

The market is highly competitive and fragmented due to the presence of global and regional players and limited vendors and system integrators in APAC. The key vendors in the industrial robotics market are offering used and refurbished robots that offer the same quality of work and precision as the new robots and are less expensive due to modifications to the existing technology. The coming years will witness the entry of new vendors and system integrators in the market and the vendors will also focus on product expansions.

The leading vendors in the market are -

• ABB
• KUKA
• Scott Technology (RobotWorx)
• Yaskawa Motoman

The other prominent vendors in the market are Autotech Robotics, Mitsubishi Electric, and EUROBOTS.

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

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

Owing to the growth of industries and warehouse facilities, the material handling and logistics application is the major consumer of the used and refurbished robots as it overcomes the limitations of time and physical stress. This segment involves repetition and exertion of manual labor. According to this research report, the material handling and logistics segment will account for the major shares of this industrial robotics market throughout the forecast period.

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

• Automotive
• Electronics and electricals
• Heavy machinery

The automotive industry segment is the primary end-user of the used and refurbished robots market due to the high demand for precision in applications performed and the minimization of stress and errors produced due to repetitive operations by the robots. The focus of a large number of vendors in the industrial robotics market towards reducing the cost of these robots will also increase the implementation of these robots since they will be more cost-effective.

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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 APAC?
• What are the key market trends impacting the growth of the used and refurbished robots market in APAC?
• What are the challenges to market growth?
• Who are the key vendors in the used and refurbished robots market in APAC?
• What are the market opportunities and threats faced by the vendors in the used and refurbished robots market in APAC?
• Trending factors influencing the market shares of China, Japan, South Korea, Taiwan, Singapore, and Indonesia.
• What are the key outcomes of the five forces analysis of the used and refurbished robots market in APAC?

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