Press release
Cartesian Robots Market Size 2024: Advancements in Automation and Robotics
Cartesian Robots
The Business Research Company presents an extensive market research report on the Cartesian robots Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The cartesian robots market size has grown rapidly in recent years. It will grow from $3.66 billion in 2023 to $4.36 billion in 2024 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to increasing demand in manufacturing, flexibility in application, rising labor costs, increasing integration with industry 4.0, rise in e-commerce and logistics.
The cartesian robots market size is expected to see rapid growth in the next few years. It will grow to $8.64 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to growth in automotive manufacturing, enhanced safety features, increased r&d investments, globalization of supply chains, rising adoption in small and medium-sized enterprises (smes). Major trends in the forecast period include technological advancements, iot connectivity, 3d vision systems, supply chain automation, advanced end-of-arm tooling.
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Key Market Players:
Major companies operating in the cartesian robots market report are AT&T Inc., Midea Group, Cisco, Denso Corporation, Broadcom, ABB Ltd, Ericsson, Yamaha Motor Co., Nidec Corp., Parker Hannifin Corporation, Seiko Epson Corp., Bosch Rexroth AG, OMRON Corp., Kuka AG (Midea Group), MKS Instruments, Shibaura Machine Co. Ltd., ARBURG GmbH + Co KG, HIRATA Corporation, Epson America, Güdel Group AG, Gudel Group AG, Samick Thk Co. Ltd., Robostar Co. Ltd., Aerotech Inc., Sepro Robotique SAS, Toshiba Machine Co., Suruga Seiki Co., Cerebrus Corporation, DeepSig, Star Seiki
Market Drivers:
The rising consumer electronics manufacturing is expected to propel the growth of the cartesian robot market going forward. Consumer electronics manufacturing refers to the process of producing electronic devices and gadgets that are designed for personal and recreational use. Cartesian robots are programmable and can be easily reconfigured for different tasks. This flexibility is particularly valuable in consumer electronics manufacturing, where product designs and specifications may change frequently. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021. This percentage is projected to increase to 93.8% in 2026. Therefore, the growing demand for consumer electronics is driving the growth of the pick & place machines market. Therefore, the rising consumer electronics manufacturing is driving the growth of the cartesian robot market.
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https://www.thebusinessresearchcompany.com/report/cartesian-robots-global-market-report
The cartesian robots market covered in this report is segmented -
1) By Type: XY-X Series, 2X-Y-Z Series, 2X-2Y-Z
2) By Application: Handling, Palletizing, Welding
3) By End Use Industry: Automotive, Pharmaceutics, Food And Beverage, Semiconductor And Electronics, Aerospace And Defense
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