Industrial Robot Speed Reducer Market

Industrial Robot Speed Reducer Market 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).

  • Report ID: CM-2690
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 198
  • Format:
  • Pub. Date: 13-08-2021
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Market Outlook:

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:

  • 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.

Market Dynamics

Driver: 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.

Driver: 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.

Driver: 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.

Driver: 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.

Restraint: 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.

Opportunity: 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.

Segmental Outlook

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.

Industrial Robot Speed Reducer Market By Types

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.

Industrial Robot Speed Reducer Market By Applications

Regional Outlook

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.

Industrial Robot Speed Reducer Market By Regions

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
  • Potential & Niche Segments Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Industrial Robot Speed Reducer Market Performance

Segments

By Types

  • RV Reducer
  • Harmonic Reducer
  • Planet Speed Reducer

By Application

  • Spray Robot
  • Welding Robot
  • Stacking Robot
  • Others

By Region

    • North America
    • Europe
    • Asia
    • Latin America
    • Middle East & Africa

Competitive Landscape

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.

Industrial Robot Speed Reducer Market Key Players

Video Summary for Industrial Robot Speed Reducer Market

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

By Types

  • RV Reducer
  • Harmonic Reducer
  • Planet Speed Reducer

By Application

  • Spray Robot
  • Welding Robot
  • Stacking Robot
  • Others

By Region

    • North America
    • Europe
    • Asia
    • Latin America
    • Middle East & Africa

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.

Industrial Robot Speed Reducer Market Key Players

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FAQ Section

Some frequently asked quetions about this report!

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