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PUBLISHER: IMARC | PRODUCT CODE: 1225520
PUBLISHER: IMARC | PRODUCT CODE: 1225520
Parallel Robots Market by Type (Double Arms, Multiple Arms), End User (Food and Beverages, Medical, Electronics, and Others), and Region 2023-2028
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The global parallel robots market size reached US$ 855.66 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,436.42 Million by 2028, exhibiting a growth rate (CAGR) of 8.91% during 2023-2028. The increasing demand for ready-to-eat (RTE) food products, the integration of advanced technologies, and the rising use of parallel robots in manufacturing industry represent some of the key factors driving the market.
Parallel robots, also known as parallel manipulators, are mechanical systems that relies on several computer-controlled serial chains to support a single platform. They are articulated robots that use similar mechanisms for the movement of the robot on its base and one or more manipulator arms. They have multiple axes that move in parallel and have stationary drives and gears. They comprise a mobile platform connected to a fixed base by a set of identical parallel kinematic chains. They also involve a linear actuator, direct current (DC) motor, gear box, and lead screw for the legs. As they are commonly used in pick and place applications and offer high precision and speed and increased stability and arm rigidity with faster cycle times, the demand for parallel robots is catalyzing across the globe.
Parallel Robots Market Trends:
- Parallel robots are used in the food and beverage (F&B) industry for the packaging of different food products and drinks. This, coupled with the increasing demand for ready-to-eat (RTE) products on account of hectic lifestyles and the expanding purchasing power of individuals, represents one of the major factors supporting the market growth around the world. Moreover, parallel robots are employed in the e-commerce industry to perform labor-intensive manual item picking tasks. This, in confluence with the rising preferences for online shopping, is favoring the market growth. In addition, the growing need for automation in the manufacturing units of various industry verticals is influencing the market positively. Apart from this, parallel robots find applications in the pharmaceutical industry to minimize workloads and prevent medicines from contamination during packaging. They also improve safety, reliability, and financial savings. Furthermore, the increasing number of surgical procedures in hospitals is catalyzing the demand for parallel robots to increase precision, eliminate human error and improve hygienic conditions among healthcare professionals and patients. Besides this, the integration of the Internet of Things (IoT), edge computing, artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) in parallel robots are strengthening the growth of the market. Additionally, the emerging trend of Industry 4.0 and the growing demand for electronic devices are creating a positive outlook for the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each segment of the global parallel robots market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type and end user.
Type Insights:
- Double Arms
- Multiple Arms
- The report has provided a detailed breakup and analysis of the parallel robots market based on the type. This includes double arms, and multiple arms. According to the report, multiple arms represented the largest segment.
End User Insights:
- Food and Beverages
- Medical
- Electronics
- Others
- A detailed breakup and analysis of the parallel robots market based on the end user has also been provided in the report. This includes food and beverages, medical, electronics, and others. According to the report, food and beverages accounted for the largest market share.
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for parallel robots. Some of the factors driving the Asia Pacific parallel robots market included the rising automation, the advent of Industry 4.0, the increasing use of parallel robots in e-commerce industry, etc.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global parallel robots market. Detailed profiles of all major companies have also been provided. Some of the companies covered include ABB Ltd., Bekannter (Yuyao) Robotics Technology Co. Ltd., FANUC Corporation, Hiwin Corporation, Kawasaki Heavy Industries Ltd., Kuka AG, Omron Corporation, Penta Robotics, Siasun Robot & Automation Co. Ltd., Yaskawa America Inc. (Yaskawa Electric Corporation), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global parallel robots market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global parallel robots market?
- What are the key regional markets?
- Which countries represent the most attractive parallel robots markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global parallel robots market?
- Who are the key players/companies in the global parallel robots market?
Product Code: SR1423A361_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Parallel Robots Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Double Arms
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Multiple Arms
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by End User
- 7.1 Food and Beverages
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Medical
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Electronics
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 ABB Ltd.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Bekannter (Yuyao) Robotics Technology Co. Ltd.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 FANUC Corporation
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Hiwin Corporation
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.5 Kawasaki Heavy Industries Ltd.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Kuka AG
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Omron Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Penta Robotics
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Siasun Robot & Automation Co. Ltd.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Yaskawa America Inc. (Yaskawa Electric Corporation)
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.1 ABB Ltd.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Product Code: SR1423A361_Report
List of Figures
- Figure 1: Global: Parallel Robots Market: Major Drivers and Challenges
- Figure 2: Global: Parallel Robots Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Parallel Robots Market: Breakup by Type (in %), 2022
- Figure 5: Global: Parallel Robots Market: Breakup by End User (in %), 2022
- Figure 6: Global: Parallel Robots Market: Breakup by Region (in %), 2022
- Figure 7: Global: Parallel Robots (Double Arms) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Parallel Robots (Double Arms) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Parallel Robots (Multiple Arms) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Parallel Robots (Multiple Arms) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Parallel Robots (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Parallel Robots (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Parallel Robots (Medical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Parallel Robots (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Parallel Robots (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Parallel Robots (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Parallel Robots (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Parallel Robots (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: North America: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: North America: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: United States: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: United States: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Canada: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Canada: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Asia-Pacific: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Asia-Pacific: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: China: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: China: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Japan: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Japan: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: India: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: India: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: South Korea: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: South Korea: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Australia: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Australia: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Indonesia: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Indonesia: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Others: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Others: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Europe: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Europe: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Germany: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Germany: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: France: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: France: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United Kingdom: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United Kingdom: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Italy: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Italy: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Spain: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Spain: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Russia: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Russia: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Others: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Others: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Latin America: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Latin America: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Brazil: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Brazil: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Mexico: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Mexico: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Middle East and Africa: Parallel Robots Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Middle East and Africa: Parallel Robots Market: Breakup by Country (in %), 2022
- Figure 67: Middle East and Africa: Parallel Robots Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Global: Parallel Robots Industry: Drivers, Restraints, and Opportunities
- Figure 69: Global: Parallel Robots Industry: Value Chain Analysis
- Figure 70: Global: Parallel Robots Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Parallel Robots Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Parallel Robots Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Parallel Robots Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 4: Global: Parallel Robots Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Parallel Robots Market: Competitive Structure
- Table 6: Global: Parallel Robots Market: Key Players
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