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Market research analysts at Technavio predict that the global industrial robotics rental market will grow steadily at a CAGR of around 14% by 2021. This market research analysis identifies the changes in global labor force as one of the primary growth factors for this market. Rapid industrialization in developed and developing economies has resulted in the increased demand for skilled labor in various large scale industries. This has consequently increased the adoption of application robots to reduce their dependency on human workers in operations. The ability of robots to multitask, continuously and accurately monitor the operations, and work quickly and efficiently has increased their demand in industrial applications.
To increase their revenue shares, the vendors are focusing on modifying their business models to ensure device-to-network connectivity and data models that collect information in real-time, respond to triggers, and send alerts to service personnel through push notifications. Additionally, they are also including more online options that are reliant on the use of the internet to interact with customers and troubleshoot the issues they face.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Key takeaways
PART 15: Appendix
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