The global market for Refurbished Robots was valued at USD 2.5 Billion in 2024 and is projected to reach USD 4.4 Billion by 2030, growing at a CAGR of 9.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Refurbished Robots Market - Key Trends & Drivers Summarized
What Are Refurbished Robots and Why Are They Relevant?
Refurbished robots are pre-owned industrial robots that have been restored to a functional condition and are re-entered into the market at a reduced price compared to new units. These robots undergo a rigorous refurbishment process, which includes disassembly, inspection, replacement of worn parts, and reassembly, ensuring that they meet or exceed the original manufacturer's specifications. The relevance of refurbished robots lies in their cost-effectiveness and sustainability, making them an attractive option for small to medium-sized enterprises (SMEs) that may not have the capital to invest in brand-new robotics systems. Additionally, refurbished robots help in reducing electronic waste and extend the lifecycle of valuable industrial equipment, aligning with the broader trends of circular economy and resource efficiency.How Has the Refurbishment Process Improved Over Time?
The process of refurbishing robots has become increasingly sophisticated, thanks to advancements in diagnostic tools, remanufacturing technologies, and quality control standards. Modern refurbishment facilities are equipped with advanced testing and calibration equipment that ensures refurbished robots meet the high standards required for industrial applications. The use of predictive maintenance and condition monitoring technologies allows refurbishers to identify potential issues early in the refurbishment process, reducing the likelihood of failures after the robot is deployed. Additionally, the integration of software updates and retrofitting with newer components can enhance the performance of refurbished robots, bringing them closer in capability to new models. These improvements have led to greater confidence among buyers in the reliability and longevity of refurbished robots.Where Are Refurbished Robots Making an Impact?
Refurbished robots are finding a significant market in industries where cost constraints are a major factor, such as manufacturing, automotive, and electronics assembly. SMEs in these sectors, which might otherwise struggle to afford automation, are increasingly turning to refurbished robots as a viable alternative. Additionally, educational institutions and research laboratories are adopting refurbished robots to train students and conduct experiments without the financial burden of purchasing new equipment. In regions like Asia-Pacific and Latin America, where industrial automation is growing rapidly, refurbished robots are helping to bridge the gap between the demand for automation and the available budget. The impact is also notable in the sustainability sector, where refurbished robots are used in recycling and waste management operations, contributing to the circular economy.What Is Driving the Growth of the Refurbished Robots Market?
The growth in the refurbished robots market is driven by several factors, including cost-effectiveness, sustainability initiatives, and the rising demand for automation. The significant cost savings offered by refurbished robots are a primary driver, particularly for SMEs and startups that need to automate but have limited budgets. The increasing emphasis on sustainability and reducing electronic waste is also promoting the adoption of refurbished robots, as they represent a more environmentally friendly option compared to purchasing new machines. The ongoing global shortage of new industrial robots due to supply chain disruptions is another factor driving demand for refurbished units. Additionally, the growing complexity of manufacturing processes and the need for flexible automation solutions are leading companies to consider refurbished robots as a practical solution to meet their needs.Report Scope
The report analyzes the Refurbished Robots market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Application (Material Handling & Logistics, Assembly Line, Welding, Painting, Other Applications); End-Use (Automotive, Electrical / Electronic, Metal & Machinery, Chemical, Rubber & Plastics, Other End-Uses).Geographic Regions/Countries
World; USA; Canada; Japan; China; Europe (France; Germany; Italy; UK; and Rest of Europe); Asia-Pacific; Rest of World.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Material Handling & Logistics Application segment, which is expected to reach $1.6 Billion by 2030 with a CAGR of a 9.5%. The Assembly Line Application segment is also set to grow at 10.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $695.7 Million in 2024, and China, forecasted to grow at an impressive 9.2% CAGR to reach $673 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Alliance Robotics LLC, Autotech Robotics Limited, Epson America, Inc., FANUC Corporation and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Refurbished Robots Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Refurbished Robots Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Refurbished Robots Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 42 major companies featured in this Refurbished Robots market report include:
- ABB Ltd.
- Alliance Robotics LLC
- Autotech Robotics Limited
- Epson America, Inc.
- FANUC Corporation
- Global Robots Limited
- IAI America, Inc.
- IAI Industrieroboter GmbH
- IRS Robotics
- Robotnik Automation S.L.L.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Alliance Robotics LLC
- Autotech Robotics Limited
- Epson America, Inc.
- FANUC Corporation
- Global Robots Limited
- IAI America, Inc.
- IAI Industrieroboter GmbH
- IRS Robotics
- Robotnik Automation S.L.L.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 194 |
Published | April 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 2.5 Billion |
Forecasted Market Value ( USD | $ 4.4 Billion |
Compound Annual Growth Rate | 9.9% |
Regions Covered | Global |