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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Global Cartesian Robots Market Will Grow at a CAGR of 9% During 2019-2023 | Technavio

March 14, 2019
The global cartesian robots market is expected to post a CAGR of over 9% during the period 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Mar 14, 2019--The global cartesian robots market is expected to post a CAGR of over 9% during the period 2019-2023, according to the latest market research report by Technavio.

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The global cartesian robots market is expected to post a CAGR of over 9% during the period 2019-2023. (Graphic: Business Wire)

Cartesian robots are primarily used to weld car parts and in palletizing, part insertion, and pick-and-place applications. Globally, the rising demand for automobiles has compelled manufacturers to increase their production hence driving the need for cartesian robots owing to its benefits such as high precision, efficiency, durability, and repeatability.

As per Technavio, the increasing focus on the use of collaborative robots will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global cartesian robots market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

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Global cartesian robots market: Increasing focus on the usage of collaborative robots

Over the years, businesses, especially SMEs, have been increasingly adopting collaborative robots that are lightweight and designed with numerous safety features to avoid fatal accidents in the work environment. These robots are meant to work in collaboration with humans as they use specialized sensors and robot controllers for operations. Furthermore, they are built using advanced smart sensors such as torque sensors and built-in safety sensors to enhance coordination and sense the environment. The popularity of these robots has increased among industry players because of their low cost, which, in turn, is expected to drive the growth of the market during the forecast period.

“Currently, Industrial players are increasingly emphasizing on post-manufacturing operations and exploring cost-cutting opportunities in material handling through lean management principles. This has necessitated the adoption of automated material handling operations and is expected to impact diverse aspects of material handling. Cartesian robots can handle heavy loads because of their framework and mechanical components, which make them efficient for material handling applications,” says an analyst at Technavio.

Global cartesian robots market: Segmentation analysis

This market research report segments the global cartesian robots market by end-users (automotive, electrical and electronics, chemical and petrochemical, food and beverage, and others) and geographical regions (APAC, Europe, MEA, North America, and South America).

The automotive segment held the largest market share in 2018. This end-user segment is expected to dominate the global market throughout the forecast period.

Geographically, APAC led the market in 2018, and this region is expected to continue its market dominance through 2023 because of government initiatives, rising standards of living, a strong industrial base, and the increasing demand for automobile manufacturing.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190314005426/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

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