The Parallel Robots market research report report is outfitted with detail investigation of all the major geographic areas around the world. The districts which are considered for the examination are North America, Asia Pacific, Europe, the Middle East and Africa and Latin America. Creation, utilization, shares of the overall ABC industry, income regarding USD, market development of Parallel Robots market in these specific districts is referenced in detail for the estimated time frame i.e. 2019-2026. The Parallel Robots report explains the market from different angles, the expert’s moves and expounds the crucial data by using subjective and quantitative research strategies. The Parallel Robots market and its upcoming development prospects is been referenced with most extreme exactness.
Global parallel robots market is expected to grow with a steady CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the rise in the automation of industries and operations from various end-user verticals.
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Global Parallel Robots Market By Product (Hexapods, Delta Robots), Type (Double Arms, Multiple Arms), End-Users (Food & Beverages, Medical, Electronics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Parallel robots are vertical overhead robots that have two or more arms which are interconnected through several joints/links. These robots are segregated based on their functioning namely, Hexapods which are used due to their motion freedom in different applications; whereas, Delta robots are used for simple pick and place applications.
- Increasing functionality and benefits of operations, such as enhanced quality, lower operating cost; this factor is expected to drive the growth of the market
- Advancements in the development and innovative product offerings providing lower maintenance cost and enhanced components; this factor is expected to drive the market growth
- However, high cost of implementation and complications requiring different integration processes is expected to restrain the market growth
- Development of advanced technologies which will result in better quality of sensors, components and software services, this availability of hardware & software will lead to debut of “delta robots” that will be better equipped to handle larger autonomous operations; this factor is expected to restrain the growth of the market
Competitive Analysis: Global Parallel Robots Market
Global parallel robots market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of parallel robots market for global, Europe, North America, Asia-Pacific and South America.
Major Market Competitors/Players: Global Parallel Robots Market
Few of the major competitors currently working in parallel robots market are FANUC CORPORATION; Epson America, Inc.; Yamaha Motor Co., Ltd.; ABB; Penta Robotics; OMRON Corporation; Codian Robotics; Kawasaki Heavy Industries, Ltd.; Stäubli International AG; Guangzhou CNC Equipment Co., Ltd.; HIWIN Technologies Corp.; Shenzhen TEDA robotics Co., Ltd.; Shenyang SIASUN robot; Asyril SA and Mitsubishi Electric Corporation.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
- Delta Robots
- Double Arms
- Multiple Arms
- Food & Beverages
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