Knowledge Hub

Global Parallel Robots Market to grow at a CAGR of 5.70% during 2016-2020

Press Release   •   Jan 19, 2017 05:44 EST

About the Parallel Robots Market

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.

Technavios analysts forecast the global parallel robots market to grow at a CAGR of 5.70% during the period 2016-2020.

Covered in this report

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

APAC

EMEA

Technavio's report, 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.

Download Sample Copy of Report at http://www.marketresearchreports.biz/sample/sample/756234

Key vendors

ABB

Codian Robotics

FANUC

OMRON

Other prominent vendors

Epson Robotics

Kawasaki Heavy Industries

Mitsubishi Robotics

Penta Robotics

Staubli Robotics

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?