Global Parallel Robots Market, By Product (Hexapods and Delta Robots), Type (Double Arms and Multiple Arms), End Users (Food and Beverages, Medical, Electronics and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Parallel Robots Market
Data Bridge Market Research analyses that the parallel robots market will exhibit a CAGR of 9.2% for the forecast period of 2021-2028. Rising demand for automation of operations by the various end user verticals is a major factor enhancing the growth of parallel robots market.
Parallel robots have two or more arms that are interconnected through several joints and links. Parallel robots are generally of two types namely hexapods and delta robots. Hexapods are used due to their motion freedom in a wide range of applications. Delta robots on the other hand are used for simple pick and place applications. Parallel robots are closed consisting of fixed and moving platforms. Parallel robots incorporate both actuated and passive joints. Parallel robots have increased stability and arm rigidity with faster cycle times.
The on- going trend of shifting from manual functioning to automation is inducing the growth of parallel robots. Technological advancements and increased focus on innovative product offerings with lower maintenance cost and enhanced components is another factor fuelling up the growth of parallel robots market. Increased focus of small and medium scale enterprises on parallel robots will further propel the growth of the market. Rising focus on employee safety, increasing cases of industrial accidents and rising consumption of consumer goods are some other indirect market growth determinants. Increase in cumulative savings owing to the long term use of parallel robots will further work in the favour of market growth.
However, disruptions and inefficiency in the functions can hamper the growth of parallel robots market. Product quality is another challenge to be faced by the parallel robots market. Also, high initial cost of investment and complications requiring different integration process will further create hindrances for the growth of parallel robots. Also, high maintenance cost will further derail the growth of the market. Weak technological infrastructure in small and middle class economies will further prove disadvantageous for the growth of the market. Overall low adoption rate of parallel robots in semiconductors and electronics industry will further slowdown the market growth rate.
This parallel robots market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on parallel robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Parallel Robots Market Scope and Market Size
The parallel robots market is segmented on the basis of product, type and end users the market and determine your core application areas and the difference in your target markets.
- Based on the product, the parallel robots market is segmented into hexapods and delta robots.
- Based on the type, the parallel robots market is segmented into double arms and multiple arms.
- Based on the end users, the parallel robots market is segmented into food and beverages, medical, electronics and others.
Parallel Robots Market Country Level Analysis
The parallel robots market is analysed and market size, volume information is provided by country, product, type and end users as referenced above.
The countries covered in the parallel robots market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia- Pacific holds a prominent share in the global parallel robots market. The region dominates the global market and will continue to flourish its dominance during the forecast period. This is because of the rising demand for automation in the industrial operations by the various end user verticals. Rising awareness and adoption of sustainable packaging solutions and green packaging materials is another factor fostering the growth of parallel robots market in this region. Supportive governmental policies and regulations are also acting as indirect market growth determinants. Growth in the parallel robots market value is directly proportional to the growth and expansion of end user verticals. Rising contact manufacturing and rise in sale of self- medication and OTC drugs are another two factors bolstering the growth of market in this region.
The country section of the parallel robots market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Parallel Robots Market Share Analysis
The parallel robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to parallel robots.
The major players covered in the parallel robots market report are FANUC CORPORATION, Epson America, Inc., Yamaha Motor Co., Ltd., ABB, Penta Robotics, OMRON Corporation, Codian Robotics, Kawasaki Heavy Industries, Ltd., Stäubli International AG., Guangzhou CNC Equipment Co., Ltd., Hiwin Corporation, Shenzhen City TEDA Roboter record, Shenyang SIASUN robot, Asyril SA, Mitsubishi Electric Corporation, DENSO Products and Services Americas, Inc., Yaskawa America, Inc., KUKA AG, Bekannter (Yuyao) Robotics Technology Co., Ltd. and AtomRobot. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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