Used and Refurbished Robots Market in Europe 2017-2021

Overview of the used and refurbished robots market in Europe

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.

Competitive landscape and key vendors

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 -

• Autotech Robotics
• Eurobots
• Global Robots
• IRS Robotics
• Robo Traders

The other prominent vendors in the market are CyberWeld, IRSA ROBOTICS, and Surplex.

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

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

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.

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

• Automotive
• Electronics and Electrical
• Heavy Machinery

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. 

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 Europe?
• What are the key market trends impacting the growth of the used and refurbished robots market in Europe?
• What are the challenges to market growth?
• Who are the key vendors in the used and refurbished robots market in Europe?
• What are the market opportunities and threats faced by the vendors in the used and refurbished robots market in Europe?
• Trending factors influencing the market shares of Europe.
• What are the key outcomes of the five forces analysis of the used and refurbished robots market in Europe?

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

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.