Global Cylindrical Robot Market Overview:
The cylindrical robot is used for assembly operations handling at machine tools, spot welding and handling at die-casting machines. These are the robots whose axes form a cylindrical system. It has a rotary joint along the joint axis for rotation movement and a prismatic joint for linear motion. Its movements occur within a cylindrical-shaped work envelope.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Demand for Technologically Advanced Robots
Market Growth Drivers:
Growing Demand for Cylindrical Robot across All Industry, Shortage of Labors in the Industries and Rising Demand for High-Quality Products
Challenges:
Interoperability and Integration Issues with Cylindrical Robots
Restraints:
High Cost for Initial Investment
Opportunities:
Increasing Automation in Various Industries and Increased Workplace Safety and Improved Production Capabilities
Competitive Landscape:
The global cylindrical robot market is fragmented, with large and medium size players accounting for the majority of market profits. Many players are arranging various strategies, entering into merger and acquisition and introducing more effective cylindrical robots.
Some of the key players profiled in the report are ABB (Switzerland), FANUC (Japan), KUKA (Germany), Yaskawa Electric Corporation (Japan), Mitsubishi Electric (Japan), Dürr (Germany), Kawasaki Heavy Industries (Japan), NACHI-FUJIKOSHI (Japan), EPSON (Japan) and Franka Emika (Germany). Additionally, following companies can also be profiled that are part of our coverage like Techman Robots (Taiwan). Analyst at AMA Research see Japanese Manufacturers to retain maximum share of Global Cylindrical Robot market by 2028. Considering Market by Industry, the sub-segment i.e. Automotive will boost the Cylindrical Robot market.
Latest Market Insights:
On September 27, 2023, Terumo and Olympus announced plans to merge their surgical robotics businesses. The merged company, which will be called Endologix, will focus on developing and commercializing robotic-assisted surgery products for a variety of applications, including gastroenterology, urology, and gynecology. The deal is expected to close in the first half of 2024.
On November 9, 2023, ABB launched its new IRB 14000 robot. The robot is designed for high-payload applications, such as machine tending and palletizing. It has a payload capacity of 1,400 kg and a reach of 3.5 meters.
What Can be Explored with the Cylindrical Robot Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cylindrical Robot Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cylindrical Robot
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cylindrical Robot market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cylindrical Robot market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cylindrical Robot Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.