Overview of the global industrial robotics rental market

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.

Competitive landscape and key vendors

The market is highly competitive and is characterized by the presence of few established vendors. The players in the market mainly compete based on factors such as service offerings, pricing, customization, and the incorporation of technologies such as remote monitoring and cloud computing in their rental programs. The level of competition in this marketspace will increase in the coming years due to the increase in investments towards R&D and the rise in collaborations and M&As.

The leading vendors in the market are -

• Hirebotics
• Innovative Total Solutions
• ORIX
• Tokyo Century

The other prominent vendors in the market are Atlas Robots, CNC Robotics, EDGE SEMICON, Fisnar, Fronius International, R&E Engineering, RobotWorx, and Sumitomo Mitsui Finance and Leasing.

Segmentation by end user and analysis of the industrial robotics rental market

• Automotive
• Electronics and electrical
• Metal
• Chemicals and plastics
• F&B

The implementation of co-bots has increased extensively in the automotive sector due to their numerous advantages such as lower weight, footprint, and ease of programming and integration. Additionally, they meet the safety standards in the factory floor space and also ensure the elimination of additional expensive safety equipment and the need to realign and remodel the factory floor space.

Geographical segmentation and analysis of the industrial robotics rental market

• Americas
• APAC
• EMEA

APAC will be the major revenue contributor to this market throughout the forecast period. This will mainly attribute to factors including the improvement in Internet and remote systems technology, the expansion of the manufacturing sector, and increased investments in the manufacturing industries. Moreover, the demographic changes in countries such as Japan, that are facing major challenges in their manufacturing sector due to its aging population will also increase the demand for rental industrial robots in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial robotics rental market?
• What are the key market trends impacting the growth of the global industrial robotics rental market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial robotics rental market?
• What are the market opportunities and threats faced by the vendors in the global industrial robotics rental market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial robotics rental market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming industry research report on the global industrial robotics rental market offers insights into the key trends and developing drivers influencing the growth of the industrial automation industry. Our market research reports for the industrial automation also follow a reliable data collection methodology and offer an analysis of fast growing market segments like robotics. Furthermore, this upcoming market research report on the global industrial robotics rental market also covers vendors like ORIX Rentec, Yaskawa Electric (China), ABB, Kawasaki, and International Robotics Inc.

By conducting a deep analysis of business intelligence factors such as technology, pricing, competition, and features, research analysts at Technavio offer reports containing an in-depth competitive assessment for the industrial robotics rental market. Qualitative and quantitative research methodologies are also used to accurately forecast the growth of the market, which will help the client in making effective business decisions.

This upcoming industry report on the global industrial robotics rental market also considers the growth of the related robotics markets such as the global robotics system integration market, which is expected to grow at a CAGR of close to 12% during the forecasted period. The upcoming industry research report on the global industrial robotics rental market also categorizes the key drivers, major trends, as well as the constraints that the robotics sector currently experiences. This report on the global industrial robotics rental market also presents deep-dive market assessments into the sectors such as automation.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.