Used and Refurbished Robots Market in Europe 2017-2021
About Used and Refurbished Robots
Used and refurbished robots are disassembled, inspected, tested for replacement of any mechanical/electrical component, and then reassembled back to their original state. These robots are also called reconditioned robots. Used and refurbished robots market in Europe is segmented on the basis of application, end-user, and geography. In the wake of transforming manufacturing processes worldwide, industrial robots are gaining a lot of traction from industrial users. The introduction of Industry 4.0 by the German government to revolutionize the production is the primary factor due to which artificial intelligence is implemented across factories.
Technavio’s analysts forecast the used and refurbished robots market in Europe to grow at a CAGR of 6.66% 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 Europe for 2017-2021. To calculate the market size, the report considers the sales and installation of used and refurbished robots with software and hardware components.
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 Europe 2017-2021
Technavio recognizes the following companies as the key players in the used and refurbished robots market in Europe: Autotech Robotics, Eurobots, Global Robots, IRS Robotics, and Robo Traders.
Other Prominent Vendors in the market are: CyberWeld, IRSA ROBOTICS, and Surplex.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Adoption of collaborative robots. The disruptive innovation of industrial robots has resulted in the reduction of industrial workers on a larger scale. To optimize industrial operations with the integration of less-expensive methods providing automation and safety to industrial workers, collaborative robots have witnessed a surge in demand. Traditional robots used in industries were caged, which would restrict industrial workers' interaction with robots.”
According to the report, one of the major drivers for this market is Price benefits over new industrial robots. To ensure quality production, industries are adopting industrial robots that are efficient, easy to install, and reliable. System integrators procure used robots that have been installed for at most 10 years and can be reconditioned. These robots undergo regular testing so that they are able to work for hours without frequent breakdowns. In the testing process, system integrators deploy these robots to perform a repetitive task for a minimum of 20 hours. The process to check these reconditioned robots is rigorous, in order to understand their feasibility when they are installed for jobs in industries. The damaged parts are replaced by new components, which ensures a seamless work experience when installed in industries.
Further, the report states that one of the major factors hindering the growth of this market is Higher maintenance cost than new industrial robots. Used and refurbished robots involve the replacement of damaged parts and components. Also, these robots are used for approximately 10 years in an industry, due to which they experience extensive wear and tear of components. Therefore, the incorporation of reconditioned robots in industries may involve high maintenance cost due to frequent maintenance and repairing of components. Reconditioned robots may also witness frequent breakdown when compared with new industrial robots.
Autotech Robotics, Eurobots, Global Robots, IRS Robotics, and Robo Traders, CyberWeld, IRSA ROBOTICS, and Surplex.
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