Global Parallel Robots Market Size, Growth, Trends, Industry Analysis and Forecast 2020

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Global Parallel Robots Market Size, Share, Global Insights, Analysis
and Outlook, Emerging Trends and Research Report by Market Reports
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Technavio Announces the Publication of its Research Report – Global Parallel Robots Market 2016-2020
Technavio recognizes the following companies as the 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.
Commenting on the report, an analyst from Technavio’ s team said: “A key trend which is boosting market
growth is the integration of Internet-of-things (IoT) in delta robots. Advances in sensors, hardware, and
software have made the delta robots more intelligent and autonomous in their capabilities. Vendors are
offering their services through smart devices and Wi-Fi technology for remote operation of delta robots.
As these devices offer enhanced flexibility and convenience in operations, end-users prefer these
technology-enabled robots in factory facilities. The end-users are also implementing IoT in factories to
make their factory a connected entity.”
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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.
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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.
The study was conducted using an objective combination of primary and secondary information including
inputs from key participants in the industry. The report contains a comprehensive market and vendor
landscape in addition to a SWOT analysis of the key vendors.
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.
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Technavio’ s 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
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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.
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?
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What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
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Sam Collins
Market Reports Center
1-646-883-3044 (US)
info@marketreportscenter.com

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.