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Used and Refurbished Robots Market in APAC 2017-2021

About Used and Refurbished Robots Market in APAC 2017-2021

Robots that are reconditioned and restored to their original operating condition and deployed in industrial applications are categorized as used and refurbished robots. Used robots are usually disassembled, inspected, and tested for replacement of any mechanical/electrical component and then reassembled back to their original state. These robots undergo replacement of components and specification testing. Industrial robots are developed by international and regional players and are used in different industries for various applications such as material handling and logistics, assembly-line, welding, and painting. Used and refurbished robots that are 8 to 10 years old are procured from industries where they are no longer fit for industrial applications.

Technavio’s analysts forecast the used and refurbished robots market in APAC to grow at a CAGR of 7.11% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the used and refurbished robots market in APAC for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales and retrofit, replacement, spares, aftermarket, and services market.

The market is divided into the following segments based on geography:

  • China
  • Indonesia
  • Japan
  • Singapore
  • South Korea
  • Taiwan
  • Others
Technavio's report, Used and Refurbished Robots Market in APAC 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 vendors
  • ABB
  • KUKA
  • Scott Technology (RobotWorx)
  • Yaskawa Motoman
Other prominent vendors
  • Autotech Robotics
  • Mitsubishi Electric
  • EUROBOTS
Market driver
  • Cost-effective industrial robots
  • For a full, detailed list, view our report
Market challenge
  • Lack of customization
  • For a full, detailed list, view our report
Market trend
  • Attaining high precision and just in time
  • 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Used and Refurbished Robots Market in APAC 2017-2021

Technavio recognizes the following companies as the key players in the report title minus years: ABB,

KUKA, Scott Technology (RobotWorx), and Yaskawa Motoman.

Other Prominent Vendors in the market are: Autotech Robotics, Mitsubishi Electric, and EUROBOTS.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is attaining high precision and just in time. With the development of sophisticated industrial robots, industries are adopting the latest technologies to improve the quality and quantity of production. To achieve just in time, industries are constantly adopting robots that offer precision and reduce wastage of raw materials. Unlike manual operations, industrial robots offer high precision, which improves the quality of production. In addition, these robots are fast and skilled, which reduces the process cycle time. APAC is cost-sensitive and is transforming its manufacturing capabilities from manual to automation. Developing nations are adopting used and refurbished robots that are less expensive and reduce the operational cost of industries. ”

According to the report, one of the major drivers for this market is Cost-effective industrial robots. Industrial robots vary by different applications they are used in, payload capacities, sizes, technology, and arm-reach. In addition, the incorporation of advanced technologies such as vision system and GPS makes these industrial robots fully automated, adding on to the overall cost of these robots. Therefore, the construction of new robots is expensive and increases first-time investments in robotics for industries. However, used and refurbished robots are 40%-50% cheaper than new industrial robots. In addition, the implementation cost of reconditioned robots is also less when compared with new robots.

Further, the report states that one of the major factors hindering the growth of this market is Lack of customization. The advancement in industrial automation has resulted in the development of sophisticated industrial robots. These robots involve customization in the overall structure and technology. However, used and refurbished robots cannot be customized as they are reconditioned robots. Customization involves part replacements, painting of the body, cleaning and denting, and certification. This does not provide many options to end-users to modify the technology or integrate digital technology with these robots. The robotic system implemented must also be compatible with the pre-installed digital technology and information technology infrastructure. At times, the limitation of the overall industrial facility reduces the flexibility of industries to use new technology. On account of these factors, the used and refurbished robots market finds it extremely difficult to adapt to a rapidly evolving industrial environment.



Companies Mentioned

ABB, KUKA, Scott Technology (RobotWorx), and Yaskawa Motoman. Autotech Robotics, Mitsubishi Electric, and EUROBOTS.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Advantages of used and refurbished robots
  • Market landscape
    • Market overview
      • Table Used and refurbished robots market in APAC
      • Table Supply chain analysis of used and refurbished robots market in APAC
    • Market size and forecast
      • Table Used and refurbished robots market in APAC 2016-2021 ($ billions)
      • Table Performance of used and refurbished robots market in APAC
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Used and refurbished robots market in APAC by application 2016 and 2021 (% revenue)
    • Used and refurbished robots market in APAC by material handling and logistics
      • Table Used and refurbished robots market in APAC by material handling and logistics 2016-2021 ($ billions)
      • Table Performance of used and refurbished robots market in APAC by material handling and logistics application
    • Used and refurbished robots market in APAC by assembly line
      • Table Used and refurbished robots market in APAC by assembly line 2016-2021 ($ billions)
      • Table Performance of used and refurbished robots market in APAC by assembly line application
    • Used and refurbished robots market in APAC by welding
      • Table Used and refurbished robots market in APAC by welding 2016-2021 ($ billions)
      • Table Performance of used and refurbished robots market in APAC by welding application
      • Table Types of welding performed by robots
    • Used and refurbished robots market in APAC by painting
      • Table Used and refurbished robots market in APAC by painting 2016-2021 ($ billions)
      • Table Performance of used and refurbished robots market in APAC by painting application
  • Market segmentation by end-user
    • Market overview
      • Table Used and refurbished robots market in APAC by end-user 2016 and 2021 (% revenue)
    • Used and refurbished robots market in APAC by automotive industry
      • Table Used and refurbished robots market in APAC by automotive industry 2016-2021 ($ billions)
      • Table Performance of used and refurbished robots market in APAC by automotive industry
    • Used and refurbished robots market in APAC by electronics and electricals industry
      • Table Used and refurbished robots market in APAC by electronics and electricals industry 2016-2021 ($ billions)
      • Table Performance of used and refurbished robots market in APAC by electronics and electricals industry
    • Used and refurbished robots market in APAC by heavy machinery industry
      • Table Used and refurbished robots market in APAC by heavy machinery 2016-2021 ($ billions)
      • Table Performance of used and refurbished robots market in APAC by heavy machinery industry
    • Used and refurbished robots market in APAC by other industries
      • Table Used and refurbished robots market in APAC by other industries 2016-2021 ($ billions)
      • Table Performance of used and refurbished robots market in APAC by other industries
  • Geographical segmentation
    • Market overview
      • Table Used and refurbished robots market in APAC by geography 2016 and 2021 (% revenue)
      • Table Project investments in APAC
    • Used and refurbished robots market in China
      • Table Used and refurbished robots market in China 2016-2021 ($ billions)
    • Used and refurbished robots market in Japan
      • Table Used and refurbished robots market in Japan 2016-2021 ($ billions)
    • Used and refurbished robots market in South Korea
      • Table Used and refurbished robots market in South Korea 2016-2021 ($ billions)
    • Used and refurbished robots market in Singapore
      • Table Used and refurbished robots market in Singapore 2016-2021 ($ billions)
    • Used and refurbished robots market in Taiwan
      • Table Used and refurbished robots market in Taiwan 2016-2021 ($ billions)
    • Used and refurbished robots market in Indonesia
      • Table Used and refurbished robots market in Indonesia 2016-2021 ($ billions)
    • Used and refurbished robots market in other countries
      • Table Used and refurbished robots market in other countries 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Integration of artificial intelligence
    • Attaining high precision and just in time
    • Collaborative robots
  • Vendor landscape
    • Competition overview
      • Table Current and future scenario in used and refurbished robots market in APAC
    • Other prominent vendors
      • Table Other prominent vendors (manufacturers)
      • Table Other prominent vendors (system integrators)
  • Key vendor analysis
    • ABB
      • Table End-users
      • Table Recent developments
    • KUKA
      • Table End-user industries
      • Table Recent developments
    • Scott Technology (RobotWorx)
      • Table Subsidiaries of Scott Technology
      • Table Recent developments
    • Yaskawa Motoman
      • Table Recent developments
    • Key takeaways
  • Appendix
    • List of abbreviations
  • Explore Technavio

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