Lewes, DE -- (SBWIRE) -- 01/12/2018 -- Report forecast the used and refurbished robots market in Europe to grow at a CAGR of 6.66% during the period 2017-2021.

Used and refurbished robots are disassembled, inspected, tested for replacement of any mechanical/electrical component, and then reassembled back to their original state. These robots are also called reconditioned robots. Used and refurbished robots market in Europe is segmented on the basis of application, end-user, and geography. In the wake of transforming manufacturing processes worldwide, industrial robots are gaining a lot of traction from industrial users. The introduction of Industry 4.0 by the German government to revolutionize the production is the primary factor due to which artificial intelligence is implemented across factories.

The report covers the present scenario and the growth prospects of the used and refurbished robots market in Europe for 2017-2021. To calculate the market size, the report considers the sales and installation of used and refurbished robots with software and hardware components.

The market is divided into the following segments based on geography:
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- Finland
- Denmark

According to the report, one of the major drivers for this market is Price benefits over new industrial robots. To ensure quality production, industries are adopting industrial robots that are efficient, easy to install, and reliable. System integrators procure used robots that have been installed for at most 10 years and can be reconditioned. These robots undergo regular testing so that they are able to work for hours without frequent breakdowns. In the testing process, system integrators deploy these robots to perform a repetitive task for a minimum of 20 hours. The process to check these reconditioned robots is rigorous, in order to understand their feasibility when they are installed for jobs in industries. The damaged parts are replaced by new components, which ensures a seamless work experience when installed in industries.

Further, the report states that one of the major factors hindering the growth of this market is Higher maintenance cost than new industrial robots. Used and refurbished robots involve the replacement of damaged parts and components. Also, these robots are used for approximately 10 years in an industry, due to which they experience extensive wear and tear of components. Therefore, the incorporation of reconditioned robots in industries may involve high maintenance cost due to frequent maintenance and repairing of components. Reconditioned robots may also witness frequent breakdown when compared with new industrial robots.

Used and Refurbished Robots Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the used and refurbished robots market in Europe: Autotech Robotics, Eurobots, Global Robots, IRS Robotics, and Robo Traders.

Other Prominent Vendors in the market are: CyberWeld, IRSA ROBOTICS, and Surplex.

Market driver
- Price benefits over new industrial robots
- For a full, detailed list, view our report

Market challenge
- Higher maintenance cost than new industrial robots
- For a full, detailed list, view our report

Market trend
- Adoption of collaborative robots
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 75 pages "Used and Refurbished Robots Market in Europe 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by application, Market segmentation by end-user, Market segmentation by geography, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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