Used and Refurbished Robots Market in Europe - Drivers and Forecasts by Technavio

Technavio has published a new report on the used and refurbished robots market in Europe from 2017-2021. (Graphic: Business Wire)

LONDON--()--Technavio analysts forecast the used and refurbished robots market in Europe to grow at a CAGR of almost 7% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the used and refurbished robots market in Europe for 2017-2021. The market is segmented based on application (assembly line, material handling and logistics, welding, painting) and geography (Germany, the UK, France, Italy, and Spain).

As industries are constantly trying to achieve Industry 4.0, the implementation of industrial robots is constantly growing. To keep the operational cost low, industries are investing in cost-effective used and refurbished robots. System integrators are the major players in used and refurbished robots market. They procure used industrial robots that can be reconditioned to regain the original performance. These robots are checked for approximately 150 check points, which ensures the performance and quality of robots. Countries such as Germany, the UK, France, Italy, and Spain are trying to develop industrial robots that are able to sense, think, and perform, rather than just performing the pre-programmed activity.

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Technavio industrial automation research analysts highlight the following three factors that are contributing to the growth of the used and refurbished robots market in Europe:

  • Price benefits over new industrial robots
  • Application-specific advantages of reconditioned robots
  • Addressing safety measures for industrial workers

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Price benefits over new industrial robots

To ensure quality production, industries are adopting industrial robots that are efficient, easy to install, and reliable. System integrators procure used robots that have been installed for at most 10 years and can be reconditioned. These robots undergo regular testing so that they are able to work for hours without frequent breakdowns.

Sushmit Chakraborty, a lead robotics research analyst at Technavio, says, “The primary consideration of end-users while installing industrial robots is to achieve speed, reliability, and breakthrough performance. To provide a seamless experience to end-users, system integrators offer support to end-users, such as consultation, training, and feasibility check. Used and refurbished robots perform at par with new industrial robots and offer cost advantage as they cost approximately 40% to 50% less than new robots.”

Application-specific advantages of reconditioned robots

System integrators offer a wide range of used and refurbished robots. Industries adopt reconditioned robots that can be used for a short duration or for exhaustive applications such as welding, painting, material handling and logistics, and assembly line. Welding is an exhaustive application and requires precision that is not achievable only by human intervention. Also, unhealthy emissions during the welding process affect the workers. Such risks are avoided when welding robots are used in industries.

“Material handling and logistics is an application that does not contribute to revenue generation but is a high cost-entailing application. Industrial workers involved in this application become non-productive as they are involved in tiresome industrial applications. To manage workers and resources, industries are installing refurbished robots that can be used for repetitive jobs without getting exhausted. Also, industrial workers can be engaged in more productive jobs which would contribute to the growth of the industry,” adds Sushmit.

Addressing safety measures for industrial workers

The need for safety of industrial workers is a primary consideration for the installation of robots. Involvement of industrial workers in exhaustive applications and repetitive jobs reduces their efficiency and affects the productivity. Hence, industrial robots are the preferred solution to improve the safety of workers.

End-users prefer cost-effective used and refurbished collaborative robots. The implementation of industrial robots contributes to the increased efficiency of industrial workers and acts as a factor that contributes to increased productivity. In accordance with the safety regulations adopted by industries, cost-effective reconditioned robots are implemented for risky and repetitive applications.

Top vendors:

  • Autotech Robotics
  • Eurobots
  • Global Robots
  • IRS Robotics
  • Robo Traders

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 361 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

Technavio analysts forecast the used and refurbished robots market in Europe to grow at a CAGR of almost 7% during the forecast period, 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 361 1100
UK: +44 203 893 3200
www.technavio.com