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