Posted in | News | Industrial Robotics

New Report on Global Cartesian Robot Market by Technavio

Jun 11 2015

Technavio has published a new report on the global Cartesian robot market, which is expected to grow at a CAGR of nearly 5% from 2015-2019.

Cartesian robot market segmentation including end-users and geography

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different end-users, including the automotive industry; electrical and electronics industry; chemical, rubber, and plastic industry; food and beverages industry; heavy machinery industry; metal industry and precision and optics industry.

Additionally, analysts have segmented market projections by key geography, focusing on the APAC region, the Americas, and EMEA.

“The market is expected to grow at a CAGR of 4.97% as per revenue, during the forecast period. The growth in use of Cartesian robots in material handling and assembly has led to high demand for these robots in the industry,” says Faisal Ghaus, Vice President of Technavio.

Cartesian robots: Market scope and calculation of market size

This report covers the present scenario and the growth prospects for global Cartesian robot market from 2015-2019. To calculate the market size, we have considered the revenue generated through the sales of Cartesian robots, which include installation, maintenance, software, peripherals, and systems engineering.

Industry analysis includes:

Key Vendors:
- ABB Ltd.
- Denso Wave Inc.
- KUKA AG
- Seiko Epson Corp.
- Toshiba Machine Co. Ltd.
Market Growth Drivers:
- Increased Automation across Industries
- Increased Demand for Cleaning and Assembly Applications
Market Challenges:
- Increased Demand for Articulated Robots
- High Customer Switching Cost
Market Trends:
- Increased Demand in Automotive Industry
- Focus on End-to-end Solutions