This Motors For Robot Body And Robot Wheels market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Motors For Robot Body And Robot Wheels market.
Motors for Robot Body and Robot Wheels Market Overview
The robotics industry has witnessed a significant growth since the last 5 years after year through revolutionary research and development and as a result, have become highly efficient. The need for compact robots has created an avenue for smaller motors and drives to be integrated in robotics systems which has required the need of motors of robot body and robot wheels for the desired locomotion and reach out to target areas. There are many different types of commercially standard motors available for robot body and robot wheels in the market and a large number of manufacturers provide customized products as per customer specification. The motors for robot body and robot wheels are designed to be responsive and are adaptable to a plethora of applications other than its pre-assigned tasks. The common application of motors for robot body and robot wheels has been in the design of mobility robots and articulated robotic arms. These developments have led to significant developments in motors for robot body and robot wheels market. Many countries strive to adopt the forth Industrial Revolution focused towards the automation of the manufacturing sector, in which robotics play an important role. Various tier one companies have already adopted this trend and are using robots for manufacturing and assembling of products in the market of motors for robot body and robot wheels.
Hazardous or inaccessible areas generate significant demand for robotic mobility to deal with different terrains. For instance, mine detection, exploration on other planets, and hazardous environment investigation. Robotic mobility utilizes a set of motors in its body and wheels. Also, the ongoing shift from fuel-based to electricity-based is mainly driven by the need for more efficient devices that run with ecofriendly or cleaner energy sources, which is one of the driving factor for motors for robot body and robot wheels market. Another major area has been space engineering and exploration programme where the motors of robot body and robot wheels have been designed for multi axis movement with a considerable payload capacity to travel in regular as well as rugged terrains.
Growth of Automation
Nowadays, end users are increasingly demanding for high quality and standardized products with respect to robots. Hence, manufacturing industries, such as food processing, electrical/electronics and automotive, are now focusing towards robots. This is in turn is leading to an increase in the consumption of motors for robot body and robot wheels thus boosting the said market. Also, several companies are adopting robots in the chemical and agriculture sectors in order to increase production and meet the growing needs of the population, which will also bring down operational cost in the long run and significantly enhance the growth of the motors for robot body and robot wheels market.
Motors used in General Purpose Vs Motors for Robot Body and Robot Wheels
Motors for robot body and robot wheels are more efficient and lightweight as compared to motors meant for general application. Another advantage these motors offer is reliability, owing to the longer life cycle of these robotics motors when compared with general commercial motors. This reduces the frequent replacement costs that come along with general commercial motors. Attributing to these factors, these motors for robot body and robot wheels find extensive application in robots utilized for military and medical applications.
Added Features and Benefits to gain Competitive Advantage
Mobility robots, in which these motors are used for the automation of manufacturing, can reduce the time spent on training and development of labor and execution of repetitive motions while ensuring the quality and standardization of the end products. They also provide an opportunity to save time as well as money by reducing man hours while providing optimum output and standardized quality. Mobility robots, not only save money and time, they also increase productivity, which leads to increase profit margins. Motors for robot body and robot wheels help in designing of complex movements and configurations which are application and industry specific.
The Necessity for Demining Action
Each year, over 5000 people fall victim to the accidents caused due to landmines and ERW shells scattered throughout the world’s former and current war zones.
There is a huge need for demining activities to be carried out globally; it has been recorded that over 1 million people have been killed or maimed due to the planting of active landmines. During the Second World War, it is estimated that over 60 million landmines, which may be anti-personnel mine or anti-tank mine were planted by the military forces to avoid enemy infiltration. It is assessed that over 60 to 80 million landmines are still in active position & planted and still waiting to lame or kill someone throughout the globe.
Demining action has gained traction since 2000 and many private organizations as well as non-profit organizations have been actively participating to remove and destroy such explosive remnants of war (ERW).
Occurrence of landmines are of serious concern in many countries such as Afghanistan, Croatia, Cambodia, Vietnam, and several African and European countries. There are numerous organizations and foundations, such as the United Nations, that sponsor expenses so that the area becomes mine free and can be used for residential, commercial, or industrial purposes. This opportunity is expected to create surge in demand of motors for robot body and robot wheels market.
Global Motors for Robot Body and Robot Wheels Market: Regional outlook
The global motors for robot body and robot wheels market can be segmented into the following regions – North America, Latin America, Western Europe, South East Asia-Pacific, China, Japan, India and the Middle East and Africa. In terms of production, China is dominant in the global motors for robot body and robot wheels market, being an exporter and a major manufacturing hub. In terms of consumption, growth observed in the automotive industry, coupled with the demand from consumer durables, is estimated to spur the demand for motors for robot body and robot wheels in countries such as India, China and ASEAN. Also, the market for motors for robot body and robot wheels in Europe is anticipated to hinge on the performance of the automotive industry in the coming years as well.
Global Motors for Robot Body and Robot Wheels Market: Key Players
Key players identified in the global motors for robot body and robot wheels market are Johnson Electric, Allied Motion Technologies Inc., Nidec Corporation, BEI Kimco, Electro-Kinetic Designs ltd., Parker Hannifin Corporation, Aerotech Inc., Schneider Electric, Moog Inc., Minebea Mitsumi Inc., Kollmorgen Corporation, Mclennan Servo Supplies, and Skurka Aerospace, Inc.
Opportunities for Market Participants
Increasing opportunities in the construction industry, due to the growth in industrialization and automation, are expected to create demand for motors for robot body and robot wheels manufacturers in the coming years. With the market being less concentrated, opportunities for market entrants are projected to be on the optimistic side with focus on regional/ local markets by market participants. The value chain is also anticipated to expand due to an influx of product suppliers and retailers catering to high sales volume demand from the consumers earning attractive trade margins.
Brief Approach to Research
FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.
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Motors for Robot Body and Robot Wheels Market: Segmentation
The global market of motors for robot body and robot wheels can be segmented on the basis of type, area of application and end use.
On the basis of type, the global motors for robot body and robot wheels market can be segmented as:
- Alternating Current (AC) Motors
- Direct-Current (DC) Motors
- Servo Motors
- Stepper Motors
- Frameless Motors
On the basis of area of application, the global motors for robot body and robot wheels market can be segmented as:
On the basis of end use, the global motors for robot body and robot wheels market can be segmented as:
- Medical Equipment
- Packaging & Labeling
- Automobile Industry
- Military Applications
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
- An overview of the motors for robot body and robot wheels market, including background and evolution
- Macroeconomic factors affecting the motors for robot body and robot wheels market and its potential
- Market dynamics, such as drivers, challenges and trends
- Technology Roadmap involved from inception period to present date
- Detailed value chain analysis of the motors used for robot body and robot wheels market
- Cost structure of the products and segments covered in the global report on motors for robot body and robot wheels market
- In-depth pricing analysis, by key product segments, regions and by major market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global market
- Analysis of the global market structure, including a tier-wise categorization of key respective market participants
- Competitive landscape of the market, including detailed profiles of top players in the this market
Frequently Asked Questions
What research methodology is used to develop the Motors For Robot Body And Robot Wheels Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Motors For Robot Body And Robot Wheels Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Motors For Robot Body And Robot Wheels Market report?
In addition to up-to-date market figures and customized of the Motors For Robot Body And Robot Wheels Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.