COVID-19 Impacts: Robotic Cells Market Will Accelerate at a CAGR of over 10% through 2020-2024 | Rising Industrial Automation to Boost Growth | Technavio


LONDON–()–Technavio has been monitoring the robotic cells market and it is poised to grow by USD 26.76 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • What was the value of the robotic cells market in 2019?
  • Technavio says that the value of the market was USD 44.31 billion in 2019 and it is projected to reach USD 71.07 billion by 2024.
  • At what CAGR is the market projected to grow during the forecast period 2020-2024?
  • Growing at a CAGR of over 10%, the market growth will accelerate during the forecast period of 2020-2024.
  • What is the key factor driving the market?
  • Rising industrial automation and the growing focus on reducing carbon footprint are the key factors driving the market growth.
  • Who are the top players in the market?
  • ABB Ltd., Carl Cloos Schweisstechnik GmbH, Desarrollo de Maquinas y Soluciones Automaticas SL, Evomatic AB, HUMARD Automation SA, IPG Photonics Corp., MESH Automation Inc., Okuma Corp., Remtech Systems, and Scott Technology NZ Ltd. are some of the major market participants.
  • Which region is expected to hold the highest market share?
  • APAC
  • What is the year-over-year growth rate of the global market?
  • The year-over-year growth rate for 2020 is estimated at 8.98%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Carl Cloos Schweisstechnik GmbH, Desarrollo de Maquinas y Soluciones Automaticas SL, Evomatic AB, HUMARD Automation SA, IPG Photonics Corp., MESH Automation Inc., Okuma Corp., Remtech Systems, and Scott Technology NZ Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Rising industrial automation has been instrumental in driving the growth of the market.

Robotic Cells Market 2020-2024: Segmentation

Robotic Cells Market is segmented as below:

  • Application

    • Material Handling
    • Welding and Soldering
    • Assembly
    • Others
  • Geography

    • APAC
    • Europe
    • North America
    • South America

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Robotic Cells Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our robotic cells market report covers the following areas:

  • Robotic Cells Market size
  • Robotic Cells Market trends
  • Robotic Cells Market analysis

This study identifies the growing focus on reducing carbon footprint as one of the prime reasons driving the robotic cells market growth during the next few years.

Robotic Cells Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the robotic cells market, including some of the vendors such as ABB Ltd., Carl Cloos Schweisstechnik GmbH, Desarrollo de Maquinas y Soluciones Automaticas SL, Evomatic AB, HUMARD Automation SA, IPG Photonics Corp., MESH Automation Inc., Okuma Corp., Remtech Systems, and Scott Technology NZ Ltd. Backed with competitive intelligence and benchmarking, our research reports on the robotic cells market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Robotic Cells Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist robotic cells market growth during the next five years
  • Estimation of the robotic cells market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotic cells market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of robotic cells market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Material handling – Market size and forecast 2019-2024
  • Welding and soldering – Market size and forecast 2019-2024
  • Assembly – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Volume Driver – Demand led growth

Market Challenges

Market Trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Carl Cloos Schweisstechnik GmbH
  • Desarrollo de Maquinas y Soluciones Automaticas SL
  • Evomatic AB
  • HUMARD Automation SA
  • IPG Photonics Corp.
  • MESH Automation Inc.
  • Okuma Corp.
  • Remtech Systems
  • Scott Technology NZ Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.



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