Like other industries, Industrial Robot Positioners market also suffered from COVID 19 pandemic which resulted into decline of over 8.46% in revenue generated in 2020
The Global Industrial Robot Positioners market was estimated to reach USD 619.64 million dollars in the year 2020. We find that as the years go by, the industry is projected to grow to a whopping USD 1,409.33 Million. This growth predicts a CAGR of 8.75% in the period 2020-2027. The Industrial Robot Positioners market is growing due to the trend of Industry 4.0 in all industrial processes. Industry 4.0 works with the mechanisation and automation of the industrial processes we have established over the past century. The pandemic of 2019 caused a global crisis in supply-chains and industrial elements as it got increasingly difficult to use people in close proximity to each other. Here is where robots come in to take over tasks that would otherwise need human power. Robot positioners are the parts within a robot that allow them to be dynamic. This fact means that the robot positioners allow for robots to exceed beyond their degrees of freedom to move the way a human would. Single-axis Positioners, Dual-axis Positioners and Three-axis Positioners are three major types of Industrial Robot Positioners.
Leaving behind the impact of COVID 19, the global economy has returned to its pre-COVID 19 level. Despite of uncertain world economy, Industrial Robot Positioners are growing in popularity and increasingly being adopted in manufacturing industry on the account of growing automation in industrial sector. Global Industrial Robot Positioners is anticipated to grow at a CAGR of over 8.75% during the forecast period and likely to generate revenue of over 1,409.33 million in 2028. While, cumulative revenue generation opportunity offered by the global Industrial Robot Positioners market is equal to USD 7.79 billion for period ranging between 2022 and 2028.
Material Handling, Inspection, Welding, Logistics, Assembly Line, Machine Tending and Paint Robots are major application markets for Industrial Robot Positioners. The Industrial Robot Positioners Market provides a plethora of opportunities into how these robotic positioners can make things better in the future. Companies develop these positioners with a modular concept, allowing for the reduction of parts and manufacturing time. It also means that you can have a more cost-efficient product which keeps the production time low. The opportunities for robotics are present mostly in the electronic industry which would benefit heavily from automation. There is also a significant need for automation in countries that use their labour to assemble various gadgets and even automobiles. The introduction of industrial robot positioners in countries where processes are more expensive, like America or European countries, would mean a shift in Global economies and interaction altogether. Industrial Robot Positioners also change the game for smaller economies, as automobile manufacturers would find production much cheaper there. These positioners in the wood industry would also produce more valued goods that could easily manipulate the wood and create wonderful designs. This industry would no longer need carpenters and wood designers.
Like any other industry, the challenges of the robotic positioners market are also many. It’s necessary to understand that robotic positioners are not a monolith. The three major types include single-axis positioners, double-axis positioners, and three-axis positioners. The challenges present are mostly about accessing lucrative opportunities and defining the applicability of the three major types of positioners. The way that the industrial global robotic positioners market will change the economic landscape has much to do with the available opportunities to each country. The restraints and challenges which exist are mainly that of research and mobilisation. It's also necessary to understand how interoperability may increase so that the countries can get the most out of their robotic positioners. Additionally, there’s still much research to be done on how these positioners can be used as the market grows, and we can only do this as the market grows.
Global Industrial Robot Positioners market is predominantly ruled by North America. It held over 25% share in 2021. While, Europe is second leading regional market for Industrial Robot Positioners industry in 2021. U.S. alone held over 80% share in North America. While, Germany is on forefront in adoption of Industrial Robot Positioners in manufacturing sector with almost 25% share in Europe. South Korea, Taiwan, China, Japan and Singapore are most promising economies in Asia Pacific region. While, Latin America, Middle East and Africa are still in nascent stage and have to go long way to realize higher penetration of Industrial Robot Positioners in manufacturing industry.
Hawk Technology, Ltd., Industrial Robot Supply, Inc., Midwest Engineered Systems, Inc., Nachi-Fujikoshi Corporation, OTC Daihen Inc., Preston Eastin Inc., The Lincoln Electric Company, Wolf Robotics, LLC, Yaskawa Electric Corporation, IRCO Automation, Koike Aronson, Inc., Drupe Engineering Private Limited, Easom Automation Systems, FANUC Corporation, ABB Group, CLOOS Robotic Welding Inc., Comau SpA, Deuma Positioniersysteme GmbH and KUKA Robotics are some of the leading players operating in global Industrial Robot Positioners market. There large number of players spread across the world. Major focus on these players has been remained on offering most innovative products in order to gain competitive advantage over their rivals.
Like other industries, Industrial Robot Positioners market also suffered from COVID 19 pandemic which resulted into decline of over 8.46% in revenue generated in 2020
North America is the largest regional market with highest share in the total volume of Industrial Robot Positioners consumed in 2021
Growing popularity of Industrial Robot Positioners in wide ranging applications coupled with increasing investment in R&D is driving the demand for Industrial Robot Positioners
Single-axis Positioners segment dominated the Industrial Robot Positioners market in 2021 with over 40% share
Inspection application segment was the largest application of Industrial Robot Positioners in 2021 with over 25% share
Report Attribute | Details |
---|---|
Market Value in 2021 | USD 774.55 million |
Market Value in 2028 | USD 1,409.33 million |
CAGR | 8.07% between 2021 and 2028 |
Benchmarking Year | 2021 |
Past data | 2016 – 2021 |
Forecast period | 2022 – 2028 |