Segments - by Types (RV reducer, Harmonic reducer and planet speed reducer), by Application (spray robot, welding robot, stacking robot and others), Regions (North America, Europe, Asia Pacific, South America, Middle East and Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2025
Segments - by Types (RV reducer, Harmonic reducer and planet speed reducer), by Application (spray robot, welding robot, stacking robot and others), Regions (North America, Europe, Asia Pacific, South America, Middle East and Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2025
The global industrial robot speed reducer market size was valued at USD 1,095.6Millionin 2020 and is projected to reach USD 1,476.9 Millionby 2025, expanding at a CAGR of 9.1% during the forecast period.
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.
Some of the key benefits of Industrial Robot Speed Reducer includes:
Industrial robot speed reducer regulates the speed of the robot's servo motor.
It reduces the speed exactly to the speed required by each part of the industrial robot.
Improves the rigidity of the mechanical body and outputs more torque.
Industrial Robot Speed Reducer Market Dynamics
Driver
An increasing number of robotics and automation industries drives industrial robot speed reducers
Companies are choosing which operations to automate, determining the amount of automation, which ranges from simple programmable logic controllers to highly sophisticated robots led by sensors and smart adaptive algorithms, and implementing technology. The objective of automation is to boost production while lowering the costs associated with human operators.
Technological Advancement
The new generation reducer will have made up of rubber alloy filter reducer consists of an eccentric reduction mechanism, a filter spline mechanism, a filter gear and an output mechanism.
Ease of integration
Advances in computing power, software development techniques, and networking technologies made assembling, installing, and maintaining robots faster and less costly than before. Sensors and actuators were individually connected to robot controllers using dedicated wiring via terminal racks, connectors, and junction boxes. Currently, plug-and-play technologies allow components to be connected, utilizing simplified network wiring.
Growing robotic industry
Demand for industrial robotics in industries such as automobiles and heavy engineering is high. Increased need for automation in non-conventional areas, such as microelectronics, increased the demand for industrial robotics. An auxiliary channel utilizing industrial robotics surfaced in recent years.
Restraint
Monopoly in the market
Stagnant growth and growing preference for patent technology is hindering the growth of the industrial speed reducer market. The global industrial robot reducer market has long been monopolized by companies in Japan. Current trends are largely limited to exchanges among industrial countries and to some extent, the newly industrializing countries.
High initial cost of the reducer hinders growth the market
The speed reducer market is growing significantly, however, the market players are expected to overcome numerous challenges. Apart from its wide range of applications, speed reducers are complex and difficult to maintain.
Opportunity
Growing technology
High initial cost of the reducer hinders the market growth Technologies such as 3D embedded vision, multispectral, and hyperspectral imaging are expected to be adopted by the market players. This, combined with artificial intelligence and deep learning, is expected to empower industrial robots to improve themselves and keep pace with the human workers around them. Continuous innovations in technology embedded in speed reducers enhance output and safety and provide zero backlash.
Growing applications
Robots are largely involved in automotive manufacturing, as they become smaller and more accurate with efficiency in speed with speed reducer, it’s predicted that robots will also enter the electronics manufacturing sector to assist with building complex things like smartphones or microchips.
Based on types, the global industrial robot speed reducer market is segmented into RV reducers, harmonic reducers, and planet speed reducers. The RV reducer segment accounted for a significant share of the market in 2019, RV reducers have better shock resistance characteristics as compared to industrial gearboxes.
Application Segment Analysis
Based on applications, the global industrial robot speed reducer market is segmented into welding robot, spray robot, stacking robot, and others. High rate of accuracy in painting of large components within optimized time is possible, due to reliability, capability, and precision of the program. This boosts the demand for painting robots.
Regional Analysis
On the basis of regions, the market is segmented into five major regions, namely, North America, Europe, Asia Pacific, South America, Middle East and Africa. The industrial robot speed reducer is growing in Asia Pacific, owing to monopoly in japan and increased R&D investment by china in the region.
The market in North America is anticipated to grow at a significant CAGR during the forecast period, due to technological advancements pertaining to the high performance of industrial robot speed reducer in the region.The US held a significant share of the global market in 2020, due to rising automated manufacturing units, which is anticipated to fuel the demand for industrial robot speed reducer the forecast period.
Rising demand for industrial robot speed reducer is attributed to its applications in stack and packaging robot. On the basis of by type, the RV reducers segment held 49% value share of the market in 2020. The segment is projected to account for the largest share of the market during the forecast period. In terms of revenue, the RV reducers and harmonic reducers segments were valued at USD 92.1 Mn and USD 65.5 Mn, respectively, in 2020.
Furthermore, the harmonic reducers segment is anticipated to expand at a lucrative CAGR of 8.7% between 2021 and 2025. The Y-o-Y growth of the planet speed reducers segment was impeded by -6.14% due to the impact of COVID-19 pandemic between 2020 and 2021.
Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Global Industrial Robot Speed Reducer Market
Historical, Current and Projected Market Size in terms of Value
Chapter 1 Executive Summary Chapter 2 Assumptions and Acronyms Used Chapter 3 Research Methodology Chapter 4 Industrial Robot Speed Reducer Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Industrial Robot Speed Reducer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Robot Speed Reducer Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Industrial Robot Speed Reducer Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Industrial Robot Speed Reducer Market Size & Forecast, 2018-2025 4.5.1 Industrial Robot Speed Reducer Market Size and Y-o-Y Growth 4.5.2 Industrial Robot Speed Reducer Market Absolute $ Opportunity 4.6 Global Industrial Robot Speed Reducer Market: Impact Of Key Regulations 4.7 Industrial Robotics Market Overview 4.8 Global Industrial Robot: Trends 4.9 Global Industrial Robot Speed Reducer Market: Technology Overview 4.10 Global Industrial Robot Speed Reducer Market: Timeline 4.11 Global Industrial Robot Speed Reducer Market: Investment Outlook Chapter 5 Global Industrial Robot Speed Reducer Market Analysis and Forecast By Type 5.1 Introduction 5.1.1 Key Market Trends & Growth Opportunities By Type 5.1.2 Basis Point Share (BPS) Analysis By Type 5.1.3 Absolute $ Opportunity Assessment By Type 5.2 Industrial Robot Speed Reducer Market Size Forecast By Type 5.2.1 RV Reducer 5.2.2 Harmonic Reducers 5.2.3 Planet Speed Reducers 5.3 Market Attractiveness Analysis By Type Chapter 6 Global Industrial Robot Speed Reducer Market Analysis and Forecast By Application 6.1 Introduction 6.1.1 Key Market Trends & Growth Opportunities By Application 6.1.2 Basis Point Share (BPS) Analysis By Application 6.1.3 Absolute $ Opportunity Assessment By Application 6.2 Industrial Robot Speed Reducer Market Size Forecast By Application 6.2.1 Welding Robot 6.2.2 Spray Robot 6.2.3 Stacking Robot 6.2.4 Others 6.3 Market Attractiveness Analysis By Application Chapter 7 Global Industrial Robot Speed Reducer Market Analysis and Forecast by Region 7.1 Introduction 7.1.1 Key Market Trends & Growth Opportunities by Region 7.1.2 Basis Point Share (BPS) Analysis by Region 7.1.3 Absolute $ Opportunity Assessment by Region 7.2 Industrial Robot Speed Reducer Market Size Forecast by Region 7.2.1 North America 7.2.2 Europe 7.2.3 Asia Pacific 7.2.4 Latin America 7.2.5 Middle East & Africa (MEA) 7.3 Market Attractiveness Analysis by Region Chapter 8 Coronavirus Disease (COVID-19) Impact 8.1 Introduction 8.2 Current & Future Impact Analysis 8.3 Economic Impact Analysis 8.4 Government Policies 8.5 Investment Scenario Chapter 9 North America Industrial Robot Speed Reducer Analysis and Forecast 9.1 Introduction 9.2 North America Industrial Robot Speed Reducer Market Size Forecast by Country 9.2.1 U.S. 9.2.2 Canada 9.3 Basis Point Share (BPS) Analysis by Country 9.4 Absolute $ Opportunity Assessment by Country 9.5 Market Attractiveness Analysis by Country 9.6 North America Industrial Robot Speed Reducer Market Size Forecast By Type 9.6.1 RV Reducer 9.6.2 Harmonic Reducers 9.6.3 Planet Speed Reducers 9.7 Basis Point Share (BPS) Analysis By Type 9.8 Absolute $ Opportunity Assessment By Type 9.9 Market Attractiveness Analysis By Type 9.10 North America Industrial Robot Speed Reducer Market Size Forecast By Application 9.10.1 Welding Robot 9.10.2 Spray Robot 9.10.3 Stacking Robot 9.10.4 Others 9.11 Basis Point Share (BPS) Analysis By Application 9.12 Absolute $ Opportunity Assessment By Application 9.13 Market Attractiveness Analysis By Application Chapter 10 Europe Industrial Robot Speed Reducer Analysis and Forecast 10.1 Introduction 10.2 Europe Industrial Robot Speed Reducer Market Size Forecast by Country 10.2.1 Germany 10.2.2 France 10.2.3 Italy 10.2.4 U.K. 10.2.5 Spain 10.2.6 Russia 10.2.7 Rest of Europe 10.3 Basis Point Share (BPS) Analysis by Country 10.4 Absolute $ Opportunity Assessment by Country 10.5 Market Attractiveness Analysis by Country 10.6 Europe Industrial Robot Speed Reducer Market Size Forecast By Type 10.6.1 RV Reducer 10.6.2 Harmonic Reducers 10.6.3 Planet Speed Reducers 10.7 Basis Point Share (BPS) Analysis By Type 10.8 Absolute $ Opportunity Assessment By Type 10.9 Market Attractiveness Analysis By Type 10.10 Europe Industrial Robot Speed Reducer Market Size Forecast By Application 10.10.1 Welding Robot 10.10.2 Spray Robot 10.10.3 Stacking Robot 10.10.4 Others 10.11 Basis Point Share (BPS) Analysis By Application 10.12 Absolute $ Opportunity Assessment By Application 10.13 Market Attractiveness Analysis By Application Chapter 11 Asia Pacific Industrial Robot Speed Reducer Analysis and Forecast 11.1 Introduction 11.2 Asia Pacific Industrial Robot Speed Reducer Market Size Forecast by Country 11.2.1 China 11.2.2 Japan 11.2.3 South Korea 11.2.4 India 11.2.5 Australia 11.2.6 South East Asia (SEA) 11.2.7 Rest of Asia Pacific (APAC) 11.3 Basis Point Share (BPS) Analysis by Country 11.4 Absolute $ Opportunity Assessment by Country 11.5 Market Attractiveness Analysis by Country 11.6 Asia Pacific Industrial Robot Speed Reducer Market Size Forecast By Type 11.6.1 RV Reducer 11.6.2 Harmonic Reducers 11.6.3 Planet Speed Reducers 11.7 Basis Point Share (BPS) Analysis By Type 11.8 Absolute $ Opportunity Assessment By Type 11.9 Market Attractiveness Analysis By Type 11.10 Asia Pacific Industrial Robot Speed Reducer Market Size Forecast By Application 11.10.1 Welding Robot 11.10.2 Spray Robot 11.10.3 Stacking Robot 11.10.4 Others 11.11 Basis Point Share (BPS) Analysis By Application 11.12 Absolute $ Opportunity Assessment By Application 11.13 Market Attractiveness Analysis By Application Chapter 12 Latin America Industrial Robot Speed Reducer Analysis and Forecast 12.1 Introduction 12.2 Latin America Industrial Robot Speed Reducer Market Size Forecast by Country 12.2.1 Brazil 12.2.2 Mexico 12.2.3 Rest of Latin America (LATAM) 12.3 Basis Point Share (BPS) Analysis by Country 12.4 Absolute $ Opportunity Assessment by Country 12.5 Market Attractiveness Analysis by Country 12.6 Latin America Industrial Robot Speed Reducer Market Size Forecast By Type 12.6.1 RV Reducer 12.6.2 Harmonic Reducers 12.6.3 Planet Speed Reducers 12.7 Basis Point Share (BPS) Analysis By Type 12.8 Absolute $ Opportunity Assessment By Type 12.9 Market Attractiveness Analysis By Type 12.10 Latin America Industrial Robot Speed Reducer Market Size Forecast By Application 12.10.1 Welding Robot 12.10.2 Spray Robot 12.10.3 Stacking Robot 12.10.4 Others 12.11 Basis Point Share (BPS) Analysis By Application 12.12 Absolute $ Opportunity Assessment By Application 12.13 Market Attractiveness Analysis By Application Chapter 13 Middle East & Africa (MEA) Industrial Robot Speed Reducer Analysis and Forecast 13.1 Introduction 13.2 Middle East & Africa (MEA) Industrial Robot Speed Reducer Market Size Forecast by Country 13.2.1 Saudi Arabia 13.2.2 South Africa 13.2.3 UAE 13.2.4 Rest of Middle East & Africa (MEA) 13.3 Basis Point Share (BPS) Analysis by Country 13.4 Absolute $ Opportunity Assessment by Country 13.5 Market Attractiveness Analysis by Country 13.6 Middle East & Africa (MEA) Industrial Robot Speed Reducer Market Size Forecast By Type 13.6.1 RV Reducer 13.6.2 Harmonic Reducers 13.6.3 Planet Speed Reducers 13.7 Basis Point Share (BPS) Analysis By Type 13.8 Absolute $ Opportunity Assessment By Type 13.9 Market Attractiveness Analysis By Type 13.10 Middle East & Africa (MEA) Industrial Robot Speed Reducer Market Size Forecast By Application 13.10.1 Welding Robot 13.10.2 Spray Robot 13.10.3 Stacking Robot 13.10.4 Others 13.11 Basis Point Share (BPS) Analysis By Application 13.12 Absolute $ Opportunity Assessment By Application 13.13 Market Attractiveness Analysis By Application Chapter 14 Competition Landscape 14.1 Industrial Robot Speed Reducer Market: Competitive Dashboard 14.2 Global Industrial Robot Speed Reducer Market: Market Share Analysis, 2020 14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 14.3.1 Nabtesco Corporation 14.3.2 HARMONIC DRIVE SYSTEMS INC 14.3.3 Transmission Machinery Co., Ltd. 14.3.4 Leaderdrive 14.3.5 SPINEA, s.r.o 14.3.6 Sumitomo Heavy Industries, Ltd. 14.3.7 Hengfengtai Precision Machinery Co.,Ltd 14.3.8 YASKAWA ELECTRIC CORPORATION 14.3.9 Greatoo Intelligent 14.3.10 NIDEC-SHIMPO CORPORATION
Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization
Our Clients
Client Testinomials
We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you. Strategy Head of Major Tech Company
We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality. Major Player in Defense Industry
Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions. CMO of Leading Packaging Company from USA
I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data. Founder and Managing Partner of Major Korean Company
Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports. Global Consulting Firm
The base year considered for the global industrial robot speed reducer market report is 2020. The complete analysis period is 2018 to 2025, wherein, 2018 & 2019 are the historic years and the forecast is provided from 2018 to 2025.
Increasing number of robotics and automation industries drives industrial robot speed reducers, technological advancement, ease of integration, growing robotic industry are some of the other factors contributing to the market growth.
High rate of accuracy in painting of large components within optimized time is possible, due to reliability, capability, and precision of the program. This boosts the demand for painting robots.
In addition to market size (in USD Million), company market share (in % for base year 2020), other data such macro-economic factors, Impact of Key Regulations, Industrial Robotics Market Overview, Global Industrial Robot: Trends, Technology Overview, Investment Outlook, and COVID-19 impact on the value chain are also available in the final report.
According to this Growth Market Reports report, the market from industrial robot speed reducer is likely to register a CAGR of 9.1% during forecast period 2020-2025, with an anticipated valuation of USD 1,476.9 million by the end of the 2025.
Request For Customization
Enquiry Before Buying
Speak With Analyst
