Press release
Europe Used and Refurbished Robots Market Will Reach At CAGR Of 6.66% Between 2017-2021
Used and refurbished robots are disassembled, inspected, tested for replacement of any mechanical/electrical component, and then reassembled back to their original state. These robots are also called reconditioned robots. Used and refurbished robots market in Europe is segmented on the basis of application, end-user, and geography. In the wake of transforming manufacturing processes worldwide, industrial robots are gaining a lot of traction from industrial users. The introduction of Industry 4.0 by the German government to revolutionize the production is the primary factor due to which artificial intelligence is implemented across factories.
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Technavios analysts forecast the used and refurbished robots market in Europe to grow at a CAGR of 6.66% 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 Europe for 2017-2021. To calculate the market size, the report considers the sales and installation of used and refurbished robots with software and hardware components.
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The market is divided into the following segments based on geography:
Germany
UK
France
Italy
Spain
Sweden
Finland
Denmark
Technavio's report, Used and Refurbished Robots Market in Europe 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.
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Key vendors
Autotech Robotics
Eurobots
Global Robots
IRS Robotics
Robo Traders
Other prominent vendors
CyberWeld
IRSA ROBOTICS
Surplex
RESER
RobotShop
Market driver
Price benefits over new industrial robots
For a full, detailed list, view our report
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Market challenge
Higher maintenance cost than new industrial robots
For a full, detailed list, view our report
Market trend
Adoption of collaborative robots
For a full, detailed list, view our report
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?
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