About this market
Development of advanced software and control systems to improve performance to drive market growth. In industrial robots, the control system is programmed to ensure that the robot's movements and performance are as per end-user’s needs. The robot program is written either by the end-user or system integrators. Vendors are mainly focused on the necessary development in robot programming, including features that make programming hassle-free. Vendors are focused on developing cartesian robot-specific software to ensure greater flexibility and convenience in programming cartesian robots. analysts have predicted that the cartesian robots market will register a CAGR of about 9% by 2023.
Market Overview
Increase in demand for automated material handling in the industrial sector
Industrial players are increasingly emphasizing on post-manufacturing operations and exploring cost-cutting opportunities in material handling through lean management principles. There is an increased focus on speeding up the cash cycle while improving customer satisfaction. This has necessitated the adoption of automated material handling operations and is expected to impact diverse aspects of material handling. Cartesian robots can handle heavy loads because of their framework and mechanical components, which make them efficient for material handling applications.
Technical challenges affecting industrial applications
Major factors such as speed, load, positional accuracy travel, available space, cost constraints, and orientation need to be closely evaluated while selecting robots for manufacturing processes. Industrial operators mainly face challenges during the installation of cartesian robots. This is due to the limited reach of robots into and around the obstruction.
For the detailed list of factors that will drive and challenge the growth of the cartesian robots market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Seiko Epson and TOSHIBA MACHINE the competitive environment is quite intense. Factors such as the increase in demand for automated material handling in the industrial sector and the development of advanced software and control systems, will provide considerable growth opportunities to cartesian robots manufactures. ABB, DENSO (DENSO WAVE), Midea Group (KUKA), Seiko Epson, and TOSHIBA MACHINE are some of the major companies covered in this report.