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Global Parallel Robots Market to Grow at a CAGR of 5.70% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Parallel Robots Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 07/29/2016 -- Report forecast the global parallel robots market to grow at a CAGR of 5.70% during the period 2016-2020.

A parallel robot has at least two arms. The end of arm tools in a parallel robot is connected to the overhead base through several chains of interconnected links. The joints are not actuated, and these passive joints (spherical, universal and planar joints) have several degrees of freedom. The two types of parallel robots are hexapods, which are commonly used in motion simulators, also known as motion platforms, and the delta robots that are used for quick pick and place operations.

A delta robot consists of three arms connected to joints at the overhead base. The orientation of end effector is maintained by a key design feature that incorporates parallelograms in the arms. Hence, they are efficient in pick and place operations and can execute 300 picks per minute. FANUC, ABB, Kawasaki, Panasonic, and Motoman are the key manufacturers of delta robots.

The report covers the present scenario and the growth prospects of the global parallel robots market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales and aftermarket services of parallel robots. The report presents the vendor landscape and a corresponding insight on the top four vendors operating in the market.

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

According to the report, a key growth driver in the market is the increase in cumulative saving of organizations in deploying parallel robots. Parallel robots are versatile and can be easily programmed to adapt to new assembly lines without any training. The functioning of these robots can be extended overnight and weekends without any human supervision. Parallel robots produce defect-free products and reduce product failure and wastage. These robots require minimum heating and lighting, which considerably reduces energy consumption.

Further, the report states that a major factor that could hamper market growth is the low adoption rate of parallel robots in SME sector. SMEs lack the knowledge of robotics compatibility with their business and its efficiency. They also have low capability of long-term investment, technical expertise outside core business, and awareness of technological improvements. They also fear taking credit from banks to invest in robotics, as they do not have sufficient capital to repay in case of economic instability.

Global Parallel Robots Market 2016-2020, 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 players in the global parallel robots market: ABB, Codian Robotics, FANUC, and OMRON.

Other Prominent Vendors in the market are: Epson Robotics, Kawasaki Heavy Industries, Mitsubishi Robotics, Penta Robotics, Staubli Robotics, and Yamaha Robotics.

Market driver
- Increase in cumulative savings
- For a full, detailed list, view our report

Market challenge
- Low adoption rate of parallel robots in SME sector
- For a full, detailed list, view our report

Market trend
- Integration of IoT in delta robots
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 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?

Spanning over 61 pages and 28 Exhibit "Global Parallel Robots Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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