Industry Background:
Increasing Adoption of automated devices will help to boost global Industrial Robotics Rental market in the forecasted period. Robot rentals are a relatively new phenomenon in the world of robotics. Industrial Robotics Rental represents a significant shift in the way robots are deployed in industrial and factory settings. Companies can rent robots and pay by the hour. In addition to the easy use and reliability of collaborative robots, this technology may start to appeal to a wider audience.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | ORIX Corporation (Japan), Tokyo Century Leasing (S) Pte Ltd (Singapore), Hirebotics (United States), Innovative Total Solutions (Ireland), Boston Dynamics (United States), CNC Robotics (United Kingdom), Edge Semicon Inc. (Japan), Fisnar Inc. (United States), Fronius International GmbH (Austria) and R&E Engineering Pty Ltd (Australia) |
According to AMA, the market for Industrial Robotics Rental is expected to register a CAGR of 12.95% during the forecast period to 2028. This growth is primarily driven by Increasing Adoption of Highly Automated Devices and Robotics Applications and Growing Demand for Rental Robots for Material Handling Applications.
Globally, a noticeable market trend is evident Growing Adoption of Robotic Renting in Numerous Applications across the Globe
The Business Services sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ORIX Corporation (Japan), Tokyo Century Leasing (S) Pte Ltd (Singapore), Hirebotics (United States), Innovative Total Solutions (Ireland), Boston Dynamics (United States), CNC Robotics (United Kingdom), Edge Semicon Inc. (Japan), Fisnar Inc. (United States), Fronius International GmbH (Austria) and R&E Engineering Pty Ltd (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On May 27, 2019, ORIX Corporation (“ORIX”) has acquired Accumark, Inc. Open Link in New Window , Pipe Vision, LLC, and Benchmark VA LLC Subsurface Utility Services (collectively, “Accumark”), via Hoffman Southwest Open Link in New Window (“HSW”), a rapidly growing provider of water flow inspection, repair and cleaning services. Based in Ashland, Virginia, Accumark provides subsurface utility engineering, underground utility locating, pipe inspection and pipe cleaning services across the Mid-Atlantic United States.
Influencing Trend:
Growing Adoption of Robotic Renting in Numerous Applications across the Globe and Growing Demand for IoT Enabled and Highly Advanced Robotics Systems
Market Growth Drivers:
Increasing Adoption of Highly Automated Devices and Robotics Applications and Growing Demand for Rental Robots for Material Handling Applications
Challenges:
Upsurging Distribution Overheads might Hinder the Business Growth and Infrastructure Prerequisites and Hardware Requirements might Stagnate the Demand
Restraints:
Lack of Awareness about Robot Renting Solutions from Underdeveloped Economies and Increasing Installation Expenses across the Industrial Applications might Hamper the Demand
Opportunities:
Growing Opportunities in Robotic Renting Due to Higher Capital Investments
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Industrial Robotics Rental Market
- Analysis about New Entrants in Industrial Robotics Rental Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Industrial Robotics Rental Study Sheds Light on
The Industrial Robotics Rental Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Industrial Robotics Rental industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Industrial Robotics Rental industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.