Global Pick and Place Robot MarketTop 5 Competitors, Regional Trend, ApplicatiPosted by marketresearch123 on April 16th, 2021 Pick and place robots are commonly used in modern manufacturing processes. Speed, accuracy, and consistency are main advantages of these robots. These robots are able to speed up the progression of picking up products, parts, or items and placing them in other locations. Pick and place robots are classified into various types such as Articulated, SCARA, Delta, and Cartesian. Market Drivers Continuous technological advancements considered as key driving factor which is expected to propel the global pick and place robot market growth. Furthermore, growing adoption of artificial intelligence, and IoT technologies, will positively influence the market growth. Also, increase in demand for pick and place robots in various industries such as food and beverage packaging, pharmaceutical, electronics, and automotive industry, will boost the market growth during this forecast period. Moreover, rapidly growing automation is another driving factor which is expected to increase the demand for pick and place robots. On other hand, increase in necessity to reduce human work load to fight against COVID 19 pandemic across the world, which is expected to drive the market growth. Additionally, to reduce human errors in manufacturing processes will led implementation of pick and place robot in near future. Market Restraints However, huge investments and high installation costs is the major challenging factor for market which is expected to hinder the global pick and place market growth. Also, lack of skilled professionals will affect the global pick and place robot market growth during this analysis period. Market Segmentation Global Pick and Place Robot Market is segmented into product type such as Articulated, SCARA, Delta, and Cartesian. Further, market is segmented into application such as Pharma and Chemistry, Plastic and Polymer, Metal and Mining, Electronics, Food & Beverage Packaging, and Automotive. Also, Global Pick and Place Robot Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Market Key Players Various key players are discussed in this report such as ABB, Universal Robots, Schneider Electric, Yamaha Motor Co., Ltd., KUKA AG, Kawasaki Heavy Industries, Ltd., JLS Automation, FANUC America Corporation, Codian Robotics, and Bastian Solutions, Inc. Market Taxonomy
By Product Type
By Application
By Region
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