Used and Refurbished Robots Market in APAC to Expand at a CAGR of 7.11% to 2021

Albany, NY, 19th June : Recent research and the current scenario as well as future market potential of "Used and Refurbished Robots Market in APAC 2017-2021" globally.

Robots that are reconditioned and restored to their original operating condition and deployed in industrial applications are categorized as used and refurbished robots.

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Used robots are usually disassembled, inspected, and tested for replacement of any mechanical/electrical component and then reassembled back to their original state. These robots undergo replacement of components and specification testing. Industrial robots are developed by international and regional players and are used in different industries for various applications such as material handling and logistics, assembly-line, welding, and painting. Used and refurbished robots that are 8 to 10 years old are procured from industries where they are no longer fit for industrial applications.

Technavios analysts forecast the used and refurbished robots market in APAC to grow at a CAGR of 7.11% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the used and refurbished robots market in APAC for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales and retrofit, replacement, spares, aftermarket, and services market.

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The market is divided into the following segments based on geography:
China
Indonesia
Japan
Singapore
South Korea
Taiwan
Others

Technavio's report, Used and Refurbished Robots Market in APAC 2017-2021, 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
KUKA
Scott Technology (RobotWorx)
Yaskawa Motoman
Other prominent vendors
Autotech Robotics
Mitsubishi Electric
EUROBOTS

Market driver
Cost-effective industrial robots
For a full, detailed list, view our report

Market challenge
Lack of customization
For a full, detailed list, view our report

Market trend
Attaining high precision and just in time
For a full, detailed list, view our report

Browse Report @ https://www.researchmoz.us/used-and-refurbished-robots-market-in-apac-2017-2021-report.html

Key questions answered in this report
What will the market size be in 2021 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?

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This release was published on openPR.