Global Cartesian Robots Market 2019-2023 | Evolving Opportunities With ABB and DENSO (DENSO WAVE) | Technavio
LONDON--(BUSINESS WIRE)--Jan 7, 2020--
Technavio has been monitoring the global cartesian robots market since 2015 and the market is poised to grow by USD 2.27 billion during 2019-2023, progressing at a CAGR of about 9% during the forecast period. Request Free Sample Pages
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Technavio announced its latest market research report titled global cartesian robots market 2019-2023. (Graphic: Business Wire)
Read the 149-page research report with TOC on “Cartesian Robots Market Analysis Report by End-User (Automotive; Electrical and electronics; Chemical and petrochemical; Food and beverage; and Others), by Geography (APAC, Europe, North America, South America, and MEA), and Segment Forecasts, 2019 - 2023”
The market is driven by the increasing demand for cartesian robots from the automotive industry. In addition, the high focus on use of collaborative robots is anticipated to further boost the growth of the cartesian robots market.
The increasing demand for cartesian robots from the automotive industry will be one of the major drivers in the global market. Cartesian robots are primarily used for welding car parts and in palletizing, part insertion, and pick-and-pale applications. With the increasing sale of automobiles across the globe, automotive companies are relying on robots and automation to increase their manufacturing output. Cartesian robots offer an efficient and economical solution to improve productivity and provide high precision, durability, and repeatability in the manufacturing process. Thus, the rising demand for automobiles will drive the growth of the cartesian robots market.
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Major Five Cartesian Robots Market Companies:
ABB operates the businesses under various segments such as electrification products; robotics and motion; industrial automation; and power grids. The company provides the IRB 6620LX industrial robot that is mounted on a linear axis.
DENSO (DENSO WAVE)
DENSO (DENSO WAVE) operates the business under seven segments, which include thermal systems, powertrain systems, electrification systems, mobility systems, electronic systems, non-automotive businesses, and others. DENSO WAVE, a subsidiary of DENSO, manufactures the XR Series cartesian robot.
Midea Group (KUKA)
Midea Group (KUKA) has business operations under various segments, namely heating & ventilation, air-conditioner; consumer appliances; robots and automatic system; and other segments. The company provides the KR70 LP laser cutting gantry.
Seiko Epson operates the business under four segments, which include printing solutions, visual communications, wearable & industrial products, and others. The company offers the Epson EZ Modules of cartesian robots.
TOSHIBA MACHINE operates the businesses under the following segments: molding machinery, machine tools, and other products. The company provides single-axis, 2-axis, 3-axis, and 4-axis cartesian coordinate robots. Some of the products series include the COMPO ARM BA-Ⅲ Series, COMPO ARM BA-Ⅱ Series, and COMPO ARM BA-C Series.
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Cartesian Robots End-User Outlook (Revenue, USD Million, 2019 - 2023)
Cartesian Robots Regional Outlook (Revenue, USD Million, 2019 - 2023)
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PUB: 01/07/2020 12:00 PM/DISC: 01/07/2020 12:01 PM