The Industrial Robot Speed Reducer Market was valued at USD 1,095.6 Million in 2020 and is projected to reach USD 1,476.9 Million by 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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Key players operating in the global industrial robot speed reducer market include 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.
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Additional company profiles can be provided on request.
Yes, the report provides supply chain analysis along with a list of suppliers, service provider, and customers.
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.
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.
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.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
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.
The market is expected to witness a decrease in 2020 owing to the adverse impact of COVID-19 pandemic on the architectural service market.
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.
Major manufacturers include Nabtesco Corporation, HARMONIC DRIVE SYSTEMS INC, Transmission Machinery Co., Ltd., Leaderdrive
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