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Technavio's market study identifies the application-specific advantages of reconditioned robots to be one of the primary growth factors for the used and refurbished robots market in Europe. The utilization of robots in industries helps improve efficiency and productivity, prevent frequent breakdowns, increase precision, and minimize the operation cycle time. This is compelling industries to increasingly adopting reconditioned robots in large numbers for exhaustive and repetitive applications such as welding, painting, material handling, and logistics. Our market research analysts estimate that this market will grow steadily at a CAGR of around 7% by 2021.
Collaborative robots are installed in industries to optimize industrial operations with the integration of less-expensive methods providing automation and safety to industrial workers. Collaborative robots can interact and work alongside the industrial workers and provide high precision and safety. Additionally, these robots also provide high quality of work, speed, and reliability, increased productivity, and reduced cycle time and down time of operations. According to this industry research report, the adoption of collaborative robots will be one of the key trends contributing towards the growth of the used and refurbished robots market in Europe.
The used and refurbished robots market in Europe is highly fragmented due to the presence of several international, regional, and local players offering cost effective and reconditioned robots to industries. The used industrial robots market offers significant growth opportunities to the players and the low product differentiation is encouraging the vendors to focus more on developing components used in industrial robots.
The leading vendors in the market are -
The other prominent vendors in the market are CyberWeld, IRSA ROBOTICS, and Surplex.
Used industrial robots are primarily used in assembly line applications since it requires a large number of robots and their utilization significantly reduces the installation and operation costs. Advanced robots such as collaborative robots are used in assembly line applications as they offer high safety, precision, and speed, in addition to, improving efficiency.
The automotive industry uses used and refurbished robots in applications such as assembly line operations, welding, and painting, to minimize the operation cycle time and improve the quality of products. The cost-effectiveness of the reconditioned robots attracts the players in this end user industry, contributing to the growth of the used industrial robots market.
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Robots that are reconditioned and restored to their original operating condition and deployed in industrial applications are categorized as used and refurbished robots. This report on the used and refurbished robots market in Europe offers deep insights into major trends, drivers, and challenges influencing the growth of this market. Furthermore, this report is an essential part of the industrial automation portfolio and offers deep-dive analysis of the major segments like robotics.
This report on used and refurbished robots market covers major vendors like Eurobots, IRS Robotics, RoboTraders, Autotech Robotics, Global Robots, and Cyberweld to help the clients with vendor selection and effective strategy formulation. Furthermore, this report covers major regions in Europe such as Germany, Italy, the UK, Spain, and France to help clients with a better understanding of the market in the Europe.
Technavio's industry experts follow an in-depth research methodology comprising of qualitative and quantitative data collection techniques to provide a complete picture of the market for the projected period of 2017-2021. Furthermore, this report also provides analysis of the market share and size, market segmentation, and industry analysis.
Our report on the used and refurbished robots market in Europe helps the clients with a better understanding of the robotics segment. Furthermore, this market report on the used and refurbished robots market offers insights into other major segments in the industrial automation industry like the automation. Also, this report also considers similar growing markets like the used and refurbished robots market in APAC, which is expected to grow rapidly at a CAGR of more than 7% by 2021.
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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by end-user
PART 08: Market segmentation by geography
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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