Global Industrial Robotics Rental Market 2017-2021
About Industrial Robotics Rental
Industrial robotics rental market comprises services provided by rental companies. These companies analyze the system needs of end-users and provide a plan for deployment of robots, along with support for programming, maintenance, and repair. They help in installing robots, peripherals, and manufacturing machinery into a single unit to help the end-users perform manufacturing tasks.
Technavio’s analysts forecast the global industrial robotics rental market to grow at a CAGR of 13.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial robotics rental market for 2017-2021. To calculate the market size, the report considers the revenue generated by rental and leasing of industrial robots to end-users such automotive, electrical and electronics, and metal industries. It does not include revenue generated from sales of new, used, or refurbished robots.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Robotics Rental Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial robotics rental market: ORIX, Tokyo Century, Hirebotics, and Innovative Total Solutions.
Other Prominent Vendors in the market are: Atlas Robots, CNC Robotics, EDGE SEMICON, Fisnar, Fronius International, R&E Engineering, RobotWorx , and Sumitomo Mitsui Finance and Leasing.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is remote services and the internet of things. A major trend in the forecast period will be the increase in adoption of remote monitoring services by vendors in the market, to provide help in quality checks and system diagnostics. With the increased trend toward adoption of the Internet, vendors are modifying their methods of delivering customer services by including more online options that are reliant on the use of the Internet, to interact with customers and troubleshoot the issues they are facing.”
According to the report, one of the major drivers for this market is Emergence of co-bots. A co-bot works collaboratively with humans without involvement of any physical separation, such as cages. As per the updated robot safety standards, a co-bot must possess at least one of the following characteristics to work in collaboration with humans.
Further, the report states that one of the major factors hindering the growth of this market is Competition from system integrators. Robotic system integrators analyze the system needs of end-users and provide a plan for automation, along with support for programming, commissioning, maintenance, and repair. Systems integrators aid in merging robots, peripherals, and manufacturing machinery into a single unit for helping in performing manufacturing tasks. The global robotics system integration market is expected to be a major hindrance to the growth of the robotics rental market.
ORIX, Tokyo Century, Hirebotics, and Innovative Total Solutions.Atlas Robots, CNC Robotics, EDGE SEMICON, Fisnar, Fronius International, R&E Engineering, RobotWorx , and Sumitomo Mitsui Finance and Leasing.
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