To prosper in this competitive market place, businesses are highly benefited if they adopt innovative solutions such as Articulated Robot Market research report. The data and information concerning the Articulated Robot Market industry are derived from consistent sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. Moreover, Articulated Robot Market report gives idea to clients about the market drivers and restraints with the help of SWOT analysis and also provides all the CAGR projections for the historic year 2021, base year 2022 and forecast period of 2023-2030.
With the help of market intelligence, industry experts assess strategic options, outline successful action plans and aid companies make critical bottom-line decisions. The finest Articulated Robot Market business report makes knowledgeable about the market and competitive landscape which supports with enhanced decision making, better manage marketing of goods and decide market goals for better profitability. When this report goes along with right tools and technology, it helps tackle the uncertain challenges for the business. What is more, Articulated Robot Market research report is a source which provides current as well as upcoming technical and financial details of the industry to 2030.
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
Explore Further Details about This Research Articulated Robot Market Report https://www.databridgemarketresearch.com/reports/global-articulated-robot-market
Articulated Robot Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015-2020) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | 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) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | 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) |
Market Opportunities |
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The articulated robots are those robot which have rotational joints and up to ten or more axes. The rotary joints significantly expand the robot's capabilities and allow a full range of motion because they can rotate over many planes. The movement pattern and accuracy nearly resemble a human arm. Articulated robots are exceptionally durable, can achieve complex task on behalf of humans and produce detailed outputs for long-term processes.
Articulated Robot Market Dynamics
Drivers
- Growing demand for industrial robots to perform production-related activities autonomously
The rising demand for industrial robots is anticipated to drive the growth of the articulated robots market during the forecast period. Industrial robots are machines programmed or mechanical systems to autonomously perform activities related to production in industrial settings. For instance, according to the data which has published in 2022 by ‘The International Federation of Robotics, the actual installation of industrial robots reached around 4.35 million units, with a growth of 13 percent in 2021 as compared to 2020. It is anticipated to reach around 5.18 million units in 2024. Thus, growing demand for industrial robots is likely to drive the growth of the market.
- Rising usage of articulated robot in automotive industry
Articulated robots are highly used in the automotive industry because they involve an extensive variety of tasks such as assembly and manufacturing which involve operations such as painting, welding, cutting and many other. Furthermore, the applications of articulated robots play an important role in increasing efficiency, productivity, production and reducing energy consumption in the automotive industry. Hence, increasing usage of articulated robot in automotive industry wil likely to boost the market growth.
Opportunities
- Increasing technological advancements in the articulated robot market
Rapid technological changes are the major trend which are gaining popularity in the articulated robot market. Major market players are focusing on advancements such as AI-enabled robots, self-healing robots, cloud robots, collaborative robots, commercial drones and customized robots to gain a competitive edge in the global market. For instance, OMRON Corporation, a US-based manufacturer of control equipment, electronic components, automotive electronics, factory automation systems, ticket vending machines, and medical equipment, has launched the HD-1500 autonomous mobile robot in 2020. This robot has a large payload capability of up to 1500 kg. Thus, increasing technological advancements in the articulated robot market will generate lucrative opportunities for the growth of the market.
- High adoption of articulated robot to improve manufacturing process
Articulated robots have traditionally been used for dangerous and repetitive jobs that humans can't handle. Various manufacturing companies have adopted these robots in their processes to enhance the quality and increase productivity of their respective vehicles. For instance, Ford Motor Company uses about 450 robots to paint their vehicles and carry out processes for body construction of vehicles at its Sanand plant. Furthermore, Maruti Suzuki India makes use of around 5,000 robots in one of its plants. Therefore, increasing adoption of articulated robot to improve manufacturing process will create lucrative opportunities for market growth.
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- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Articulated Robot Market size
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