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Used and Refurbished Robots Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2028

Global Used and Refurbished Robots Market- (By Type– Used Robots and Refurbished Robots; By Application- Material Handling and Logistics, Assembly Line, Welding and Painting; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2028

  • Published On: 30-Mar-2022  |   Format: pdfpowerpointexcel  |  Report ID: AA0322187
    Delivery: 2 to 4 Hours
Used and Refurbished Robots Market

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Report AttributeDetails
Market Size Value in 2021US$ 1,737.2 Mn
Expected Revenue in 2028US$ 3,618.9 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2028
UnitValue (USD Mn)
Segments coveredBy Type, Application, and Region
Leading playersKuka, Autotech Robotics, Eurobots, Global Robots, CyberWeld, IRSA ROBOTICS, and other prominent players.
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Used robots are typically disassembled, inspected and tested for any mechanical or electrical components that need to be replaced and then reassembled to their previous state. These robots are subjected to component replacement and specification testing.

Global Used and Refurbished Robot Market was valued at US$ 1,737.2 Mn in 2021. 

The Global Used and Refurbished Robot Market is estimated to expand at a CAGR of 11.1% over the forecast period. 

Growth in industrial automation and price benefits over new industrial robots are propelling the market growth. 

Higher cost of maintenance is hampering the market growth. 

Introduction of Industry 4.0 and adoption of collaborative robots are presenting a lucrative opportunity for market expansion. 

The segmentations considered to analyze the Global Used and Refurbished Robot Market are based on type, application and region. 

Refurbished Robot type segment holds the highest share in the Global Used and Refurbished Robot market. 

The global used and refurbished robot market is studied from 2017-2028. 

Asia Pacific region held the major share in terms of revenue, in the global used and refurbished robot market in 2021. 

US holds the major share in terms of revenue in the North America used and refurbished robot market in 2021. 

The key players operating in the market include Kuka, Autotech Robotics, Eurobots, Global Robots, CyberWeld, IRSA ROBOTICS and Surplex among others.