Report forecast the used and refurbished
robots market in Europe to grow at a CAGR of 6.66% during the period 2017-2021.
Used and refurbished robots are
disassembled, inspected, tested for replacement of any mechanical/electrical
component, and then reassembled back to their original state. These robots are
also called reconditioned robots. Used and refurbished robots market in Europe
is segmented on the basis of application, end-user, and geography. In the wake
of transforming manufacturing processes worldwide, industrial robots are
gaining a lot of traction from industrial users. The introduction of Industry
4.0 by the German government to revolutionize the production is the primary
factor due to which artificial intelligence is implemented across factories.
The report covers the present scenario and
the growth prospects of the used and refurbished robots market in Europe for
2017-2021. To calculate the market size, the report considers the sales and
installation of used and refurbished robots with software and hardware
components.
The
market is divided into the following segments based on geography:
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- Finland
- Denmark
According to the report, one of the major
drivers for this market is Price benefits over new industrial robots. To ensure
quality production, industries are adopting industrial robots that are
efficient, easy to install, and reliable. System integrators procure used
robots that have been installed for at most 10 years and can be reconditioned.
These robots undergo regular testing so that they are able to work for hours
without frequent breakdowns. In the testing process, system integrators deploy
these robots to perform a repetitive task for a minimum of 20 hours. The
process to check these reconditioned robots is rigorous, in order to understand
their feasibility when they are installed for jobs in industries. The damaged
parts are replaced by new components, which ensures a seamless work experience
when installed in industries.
Further, the report states that one of the
major factors hindering the growth of this market is Higher maintenance cost
than new industrial robots. Used and refurbished robots involve the replacement
of damaged parts and components. Also, these robots are used for approximately
10 years in an industry, due to which they experience extensive wear and tear
of components. Therefore, the incorporation of reconditioned robots in industries
may involve high maintenance cost due to frequent maintenance and repairing of
components. Reconditioned robots may also witness frequent breakdown when
compared with new industrial robots.
Used
and Refurbished Robots Market in Europe 2017-2021,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the used and refurbished
robots market in Europe: Autotech Robotics, Eurobots, Global Robots, IRS
Robotics, and Robo Traders.
Other Prominent Vendors in the market are:
CyberWeld, IRSA ROBOTICS, and Surplex.
Market
driver
- Price benefits over new industrial robots
- For a full, detailed list, view our report
Market
challenge
- Higher maintenance cost than new industrial robots
- For a full, detailed list, view our report
Market
trend
- Adoption of collaborative robots
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 75 pages “Used
and Refurbished Robots Market in Europe 2017 - 2021” report
covers Executive summary, Introduction, Scope of the report, Research
Methodology, Market landscape, Market segmentation by application, Market
segmentation by end-user, Market segmentation by geography, Decision framework,
Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis,
Appendix.
Please visit this link for more details: http://mrr.cm/UNz
For related reports please visit: Robot Market Research Reports
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& Manufacturing Reports at: https://www.marketresearchreports.com/industry-manufacturing
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