The global Articulated Robot Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Articulated Robot market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the articulated robot market is expected to reach USD 80.31 billion by 2030, which is USD 13.44 billion in 2022, registering a CAGR of 25.04% during the forecast period of 2023 to 2030.
Top Companies in the Global Articulated Robot Market:
ABB (Switzerland), FANUC Corporation (Japan), OMRON Corporation (Japan), Toshiba Corporation (Japan), YASKAWA ELECTRIC CORPORATION. (Japan), Universal Robots (Denmark), Rockwell Automation, Inc. (U.S.), Robert Bosch GmbH (Germany), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), NACHI-FUJIKOSHI CORP. (Japan), Seiko Epson Corporation (Japan), KUKA AG (Germany), DENSO CORPORATION (Japan), Aurotek Corporation (Taiwan), Yamaha Motor Co. Ltd (Japan), DAIHEN Corporation (Japan), Sepro Group (Germany), among others.
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Market Segmentation:
Payload
• Up to 16.00 kg
• 16.01–60.00 kg
• 60.01 – 225.00 Kg
• More Than 225.00 Kg
Function
• Handling
• Welding
• Dispensing
• Assembly
• Processing
• Others
Industry
• Automotive
• Electrical and Electronics
• Metal and Machinery
• Food and Beverages
• Precision Engineering and Optics
• Pharmaceuticals and Cosmetics
• Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Drivers:
Surging Demand for Autonomous Industrial Robots in Production Activities:
The anticipated growth of the articulated robots market is driven by the increasing demand for industrial robots to autonomously execute production-related tasks. Industrial robots, programmed mechanical systems designed for autonomous performance in industrial production settings, have seen notable growth. According to data from 2022 published by 'The International Federation of Robotics,' industrial robot installations reached approximately 4.35 million units, indicating a 13% growth in 2021 compared to 2020. This trend is expected to continue, reaching around 5.18 million units in 2024. Thus, the growing demand for industrial robots is poised to fuel market growth.
Rising Utilization of Articulated Robots in the Automotive Industry:
Articulated robots find extensive use in the automotive industry, performing diverse tasks such as assembly, manufacturing, painting, welding, cutting, and more. The applications of articulated robots significantly contribute to increased efficiency, productivity, production capabilities, and reduced energy consumption in the automotive sector. Consequently, the increasing deployment of articulated robots in the automotive industry is expected to boost market growth.
Opportunities:
Advancements in Articulated Robot Technology:
The articulated robot market is witnessing a significant trend of rapid technological advancements, gaining popularity among major market players. Companies are focusing on innovations such as AI-enabled robots, self-healing robots, cloud robots, collaborative robots, commercial drones, and customized robots to gain a competitive edge globally. For instance, in 2020, OMRON Corporation, a US-based manufacturer, launched the HD-1500 autonomous mobile robot with a substantial payload capability of up to 1500 kg. Consequently, the ongoing technological progress in the articulated robot market presents lucrative opportunities for further growth.
High Adoption of Articulated Robots to Enhance Manufacturing Processes:
Articulated robots have become integral for handling dangerous and repetitive tasks traditionally challenging for humans. Various manufacturing companies have embraced these robots to enhance the quality and productivity of their vehicles. Notably, Ford Motor Company employs approximately 450 robots for vehicle painting and body construction processes at its Sanand plant, while Maruti Suzuki India utilizes around 5,000 robots in one of its plants. The increasing adoption of articulated robots to improve manufacturing processes stands as a promising opportunity for market growth.
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