Key findings: Robotic arms
This robotic arms market research report offers a comprehensive analysis of the US supply market and helps buyers identify cost-saving opportunities. Additional information includes an analysis of the regional spend potential, pricing dynamics, strategic sourcing insights, and risk assessment strategies while purchasing robotic arms.
Robotic arms are finding extensive applications in the manufacturing sector for picking and placing, palletizing, material handling, transferring parts and components, assembling of components, and machine tending. The exponential growth of the manufacturing sector across the globe is paving the way for an impressive spend momentum for the robotic arms market. The eventual replacement of manpower with robotics, particularly in the SMEs, to combat the rising labor costs will create a vast demand for robotic arms market. Integration of AI in robotic arms is augmenting the feasibility of category adoption among buyers.
For more information on the year-over-year spend growth rate, and to know the pricing dynamics across the significant economies, download a free sample report.
Enterprises looking to procure robotic arms can leverage this report to better plan their category spend and identify avenues to reduce excess spend. An overview of the strategic sourcing insights, supply chain margins, supplier cost structure, risk assessment strategies, and regional pricing dynamics is also offered in this robotic arms market research report.
Our portfolio of reports on the components and spares category help buyers understand:
- Global and regional spend potential for robotic arms for the period of 2018-2023
- Top suppliers and their cost structure
- Strategic sourcing and pricing dynamics insights
- Incumbent supplier evaluation metrics
Analyze the global category spend for robotic arms
To cater to the high demand for passenger vehicles, the manufacturing industry is employing robotic arms in their facilities. According to the latest observations, the manufacturing industry has emerged as the largest end-user of the category and is significantly contributing to an impressive spend growth rate. Out of the five classifications of robotic arms based on their payload bearing capacity, the 500-700 kg robotic arm segment is considered as the largest category sub-segment. This segment is accounting for about 40% of the total category spend.
To know more about the exact spend growth rate of this market until 2023, download a free sample.
This robotic arms market research report offers coverage of:
- Regional and global spend dynamics
- Cost drivers impacting pricing dynamics
- Risk assessment strategies
Optimize category spend for robotic arms
Engaging with suppliers that can facilitate consolidated category procurement will give buyers the liberty to bargain for higher discounts to reduce their overall procurement costs. Ideally, buyer must seek services from suppliers that bundle robotic arms with products such as CNC, motors, chipsets, and other related products. Such engagement will also reduce the management complexities that arise due to the association with multiple suppliers.
This robotic arms sourcing and procurement report also offers coverage of:
- Risk assessment and strategic sourcing insights
- Total cost of ownership
- Overview of pricing models and their cost structure
Assess category spend for the US region
The drive towards digitization by different sectors in the US is resulting in an exponential demand for automation technologies such as robotic arms. The US electric vehicle industry will significantly contribute to the spend momentum of the robotics arms market following the establishment of new electric vehicle manufacturing plants. However, this growth will suffer a setback from the smartphone manufacturing sector which is currently experiencing a slowdown due to the high tariffs imposed on it owing to protectionist trade policies. Presently, the US is assuming the fifth position in terms of the global share of the robotic arms market.
Additional information offered in this robotic arms market research report will help buyers analyze:
- Category cost drivers in the US
- Margins of suppliers in the US
- Pricing dynamics and forecasts until 2023
Build strategies for effective supplier selection
The rate of productivity for most of the end-users who are investing in the robotic arms market is typically dependent on the category supply. To ensure the same, this report advises buyers to measure the financial stability of the prospective supplier. This will aid in ascertaining the supplier’s ability to promise supply assurance during the contract tenure. Parameters like revenue, cash flows, years of experience, and research and development spend can be considered to evaluate the financial stability of suppliers.
This robotic arms sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:
- Cost-benefit analysis of pricing models
- Supplier relationship management practices
- Technology-facilitated procurement metrics
Devise effective category management strategies for robotic arms
Robotic arms are prone to periodic mechanical failures which not only offset the buyer’s production rate but also result in overhead costs. Category managers prefer suppliers that pledge adherence to the servicing and maintenance best practices that will ascertain quick response to machine failures and better defect resolution.
Key insights offered in this robotic arms market research report will help the buyers identify:
- Volume drivers impacting the pricing dynamics
- Buyer ecosystem and factors influencing the procurement process
- Strategic sourcing and category management strategies
Determine the spend dynamics for key geographies
A higher degree of technological developments being is enabling countries in APAC to implement robotic arms in organizations to boost their production efficiency. In terms of spend, APAC contributes about 60% of the global category spend of the robotic arms market. High focus on automation in North America, along with the growth in end-user segments such as pharmaceutical and automobile manufacturing, is estimated to increase the spend on robotic arms in the region during the forecast period.
Key geographies analyzed in this robotic arms sourcing and procurement report include the following:
- North America
- South America
Information on the top robotic arms suppliers, strategic sourcing insights, regional and global pricing dynamic, and significant risks faced while procuring robotic arms is offered in this market intelligence report. Download a free sample to access the report’s complete scope of coverage.