According to a recent market study published by Growth Market Reports, titled, " Global Industrial Robot Speed Reducer Market by Types, Applications, and Region: Size, Share, Trends and Opportunity Analysis, 2018-2025", the market was valued at USD 1,095.6 million in 2018 and is expected to expand at a CAGR of 9.1% by the year 2025. The market is projected to grow at a substantial pace, due to its use in numerous applications such as spray robot, welding robot, stacking robot and others. Also the rising manufacturing industrial automation, with many core operations in industries being managed by robots.

Global Industrial Robot Speed Reducer Market by Types, Applications, and Regions. In terms of types, global Industrial Robot Speed Reducer market is segmented into RV reducer, Harmonic reducer and planet speed reducer. Based on applications, the market is categorized as spray robot, welding robot, stacking robot and others. Based on region, the global industrial robot speed reducer market is fragmented into North America, Europe, Asia Pacific, South America, Middle East and Africa.

Request a free sample copy @ https://growthmarketreports.com/request-sample/2690

Speed reducer is an intermediate device that connects the servo motor and the actuator, the reducer uses the pinion on the input shaft to mesh with the gear on the output shaft to output the power generated by the high-speed rotation of the servo motor, thereby, reducing the speed of the industrial robot. Implementation of various government rules and regulations such as ANSI is boosting the industrial robot speed reducer market.

As per Growth Market Reports industry analyst Akshata Ahire “The spread of COVID-19 has had a negative impact on the heat recovery ventilator market players on many fronts and outside factors, including a temporary fluctuation in consumer demand and potential effects on the industrial robot speed reducer market from an uncertain economic perspective. The COVID-19 outbreak had a substantial impact on the industrial robot speed reducer market, resulting in low sales and low GDP. COVID 19 caused the manufacturing processes of various companies around the world to come to a halt in order to slow the spread of virus. The economy of numerous countries has been badly hit as a result of COVID 19 and purchasing power of companies is shrinking rapidly, due to slow commercial activity. The coronavirus pandemic revealed supply chain vulnerabilities and emphasized on the complexities of globalized supply chains and the importance of having a stable supply chain to nullify trade barricades. Manufacturers of industrial robot speed reducer are adopting different approaches to build robustness and resilience in supply chains, majorly through mergers & acquisitions. Rapid growth of urbanization aids in expanding several industries such as the new homes and retrofit projects, which is boosting the demand for heat recovery ventilator in the coming years.”

Key Takeaways from the Study:

  • China is projected to build up the production of harmonic drive precision strain wave reducer gearboxes as a result of its massive investments in industrial robots, also robot manufacturers are among the early adopters.
  • Increased industrial automation across many industries in Japan, China, and India is credited with the region's rapid growth.
  • Driven by the development of industrial robotics, the demand for high-performance harmonic reducers with simple and compact structures, large transmission power, low noise, and smooth transmission increased.
  • Spray robots with harmonic speed reducers offer high positioning accuracy, which is expected to boost the market.
  • Investment in robotics is expected to change the demands placed on workers to direct their focus on high-criticality tasks, such as final inspection and quality control.
  • The North America region was valued at USD 186.7 million in 2020 and is expected to reach a market value of USD 242.8 million by the year 2025. The absolute $ opportunity between 2020 and 2025 that is projected to be created by this segment is USD 56.1 million.

Report Scope:

Report Metric

Details

Market Value in 2018

US$ 1,095.6 Million

Market Growth Rate (from 2018 to 2025)

9.1%

Historical Data

2018, & 2019

Base Year

2020

Forecast Period

2018- 2025

Units Considered

Value (US$ Million)

Market Segments

By Types, by Applications, and by Region

Key Companies Profiled

Nabtesco Corporation, HARMONIC DRIVE SYSTEMS INC, Transmission Machinery Co., Ltd., Leaderdrive, SPINEA, s.r.o., Sumitomo Heavy Industries, Ltd., Hengfengtai Precision Machinery Co.,Ltd, YASKAWA ELECTRIC CORPORATION, Greatoo Intelligent, and NIDEC-SHIMPO CORPORATION.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturers, raw material providers, suppliers and distributors
  • Demand Side: Manufacturing companies, various industrialist.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: Occupational Safety and Health Administration (OSHA), ISO Technical Committee (TC).