Image

Global Articulated Robot Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

Image

Global Articulated Robot Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Feb 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Articulated Robot Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 13.44 Billion
Diagram Market Size (Forecast Year) USD 80.31 Billion
Diagram CAGR %

Global Articulated Robot Market, By 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) – Industry Trends and Forecast to 2030.

 Articulated Robot Market

Articulated Robot Market Analysis and Size

In last few years, the articulated robot has registered significant growth during the forecast period due to application in several areas ranging from assembling any level of complex components to paint shop applications in automotive industry. The significant use of articulated robots in oil and gas, aerospace and various other industries that generally manufacture large parts using articulated robots, has helped in expansion of market during the forecast period.

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. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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

  • High adoption of  articulated robot to improve manufacturing process
  • Increasing technological advancements in the articulated robot market

Market Definition

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.

Restraints/ Challenges

  • Multiple issues associated with articulated robot

The high initial cost of articulated robots and the difficulty of their installation are some of the major factors which are projected to hamper the market growth. Despite the high adoption of articulated robots in SMEs, there are still obstructions to their use in low-volume manufacturing. For low-volume production, the cost of reinstalling and reconfiguring robots is high. On the other hand, reconditioned robots are less expensive. Aside from that, as the usage of robots evolves, so do the necessities for reach, workspace and payload restrictions. For low-volume manufacturing, all of these factors raise the hamper the market growth.

This articulated robot market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the articulated robot market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2020, Caterpillar Inc. which is a US-based company that manufactures industrial gas turbines, construction and mining equipment, diesel and natural gas engines, and diesel-electric locomotives acquired Marble Robot, Inc. which is a is a US-based robot and autonomy technology solutions company for an undisclosed amount. With this acquisition, Caterpillar will complete its commitment to next generation of worksite solutions and its autonomy and automation strategy.
  • In 2020, Stäubli International AG partnered with Sepro Group to manufacture a 3-axis Success 5 unit and Model 6X-60 6-axis robot at Swiss Plastics Expo 2020. It is manufactured to provide injection-molding machines with up to 100 tons of clamp with an operating radius of up to 920 mm and maximum payload capacity of 9 kg.
  • In 2020, ABB Limited’s launched 3D quality inspection (3DQI) robot cell, which is capable enough to detecting defects of less than half width of a human hair and imperceptible to the naked eye. This will also help to significantly accelerate the production process by providing accurate, fast testing to make less time consuming and metrology easier.

Global Articulated Robot Market Scope

The articulated robot market is segmented on the basis of payload, function and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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

Articulated Robot Market Regional Analysis/Insights

The articulated robot market is analyzed and market size insights and trends are provided by country, payload, function and industry as referenced above.

The countries covered in the articulated robot market report  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.

Asia-Pacific dominates the articulated robot market in terms of revenue and market share owing to the low cost of labour and production, which supports the numerous manufacturers to set up their production plants. Moreover, automating the facilities of manufacturing plant is another kmajr factor which has amplified the demand for the articulated robots and will further boost the growth of the in this region during the forecast period.

North America will continue to project the highest growth rate during the forecast period of 2023-2030 due to the high acceptance of the automation in production and increasing expansion in the automation in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Articulated Robot Market Share Analysis

The articulated robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to articulated robot market.

Some of the major players operating in the articulated robot market are:

  • 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) 


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Articulated Robot Market is projected to grow at a CAGR of 25.04% during the forecast period by 2030.
The future market value of the Articulated Robot Market is expected to reach USD 80.31 billion by 2030.
The major players in the Articulated Robot Market are ABB (Switzerland), FANUC Corporation (Japan), OMRON Corporation (Japan), Toshiba Corporation (Japan), YASKAWA ELECTRIC CORPORATION. (Japan), Universal Robots (Denmark), Rockwell Automation, etc.
The countries covered in the Articulated Robot Market are 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, etc.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials