03-Jun-2024
The rapid adoption of automation in the electronic and manufacturing industry combined with government initiatives to advance the Industry 4.0 are driving the growth of the delta robots industry.
According to a new research report by Next Move Strategy Consulting, the global Delta Robots Market size was valued at USD 4.14 billion in 2022, and is expected to reach USD 7.51 billion by 2030, with a CAGR of 8.3% from 2024 to 2030. In terms of volume, the market size was 250 thousand units in 2023, and is projected to reach 641 thousand units by 2030, with a CAGR of 13.7% from 2024 to 2030.
The delta robots market is experiencing a considerable growth, owing to the increasing use of automation in the processed food and pharmaceutical manufacturing industries.
These sectors are significantly shifting toward automation to fulfil the changing demands of consumers, surge production efficiency, and maintain strict quality standards.
Delta robots are well-known for their exceptional speed and precision. They excel at tasks such as packaging, labeling, and sorting, making them incredibly valuable in these industries.
Additionally, they play a crucial role in automating critical processes, such as vial filling, capping, and labeling in pharmaceutical manufacturing.
By simplifying these complex tasks, pharmaceutical companies boost their productivity and respond more quickly to market demands, reducing the time it takes to bring important medications to the market.
As these industries grow and evolve, the delta robots market is set for ongoing innovation and sustained expansion. These robots are essential in driving progress and enabling these industries to meet future challenges effectively.
The growing use of advanced technology in the Industry 4.0 and support from governments worldwide are driving the adoption of delta robots in industrial automation. The Industry 4.0 represents a significant shift in manufacturing, where digital technologies and automation work together to make production processes smarter and more connected than before.
Governments actively encourage businesses to embrace this new industrial approach by offering financial incentives and subsidies for investing in cutting-edge technologies.
They are also funding research and development efforts in automation, which can lead to more advanced and cost-effective delta robot solutions.
Additionally, governments are investing in training programs to prepare the workforce for the future of manufacturing, which is expected to boost the use of delta robots further.
This, in turn, will improve productivity, product quality, and competitiveness across various industries. For example, China introduced the 'Made in China 2025' industrial policy in January 2022.
This five-year plan aims to digitize 70% of the country's major enterprises and emphasizes the development and adoption of industrial robots.
Moreover, this policy involves upgrading manufacturing equipment and processes. Implementing this plan is expected to not only promote the expansion of industrial automation processes in China but also contribute to the global trend of increasing automation and digitalization in the manufacturing sector.
However, the limited payload capacity of delta robots poses a substantial constraint on expanding the delta robots market. Their ability to handle heavier loads is restricted, making them unsuitable for applications that demand robust lifting capabilities.
This limitation limits their versatility and utility in industries, such as automotive manufacturing or heavy machinery assembly, in which the manipulation of larger and bulkier components is essential.
On the other hand, the advancements in collaborative robots (cobots) are expected to handle larger payloads and become more versatile in their applications.
This can open up opportunities for delta robots to complement cobots in scenarios that require higher precision and agility. Also, as cobot technology matures and becomes more widespread, the cost of these robots is expected to decrease.
This affordability can lead to increased adoption, and create more opportunities for specialized robots, such as delta, robots to be integrated into larger automated systems.
According to the report, leading players operating in the delta robots market include ABB, Ltd., FANUC Corporation, Yaskawa Electric Corporation, Omron Corporation, KUKA AG, FESTO, Kawasaki Heavy Industries Ltd., Weiss GmbH, IGUS GmbH, Cama Group, and others.
The information related to key drivers, restraints, and opportunities and their impact on the delta robots market is provided in the report.
The value chain analysis in the market study provides a clear picture of the role of each stakeholder.
The market share of the players in the global delta robots market along with their competitive analysis are provided in the report.
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