Global Robotic Arm Market – Industry Trends and Forecast to 2030

Global Robotic Arm Market, By Payload Capacity (Less than 500KG, 500-3000KG, 3001KG and Above), Type (Articulated, Cartesian, SCARA, Spherical or Polar, Cylindrical, Others), Axes (1-Axis, 2-Axis, 3-Axis, 4-Axis, 5-Axis, 6-Axis, 7-Axis), End User Industry (Automotive, Electrical and Electronics, Metals and Machinery, Plastics and Chemicals, Food and Beverages, Others), Application (Materials Handling, Cutting and Processing, Soldering and Welding, Assembling and Disassembling, Others) – Industry Trends and Forecast to 2030.

Robotic Arm Market Analysis and Size

The robotic arm is a mechanical or electromechanical device designed to mimic and perform tasks similar to a human arm. It typically consists of a series of interconnected segments or links, which can be rigid or flexible, and joints that allow for movement. These joints are often actuated by motors or other mechanisms, enabling the robotic arm to perform precise and controlled movements in multiple directions.       

Data Bridge Market Research analyses that the global robotic arm market which was U.S.D 26.24 billion in 2022, is expected to reach U.S.D 74.35 billion by 2030, and is expected to undergo a CAGR of 13.90% during the forecast period of 2023 to 2030. Type of “payload capacity” segment is dominating because it directly correlates with the versatility and industrial applications of robotic arms, making them more adaptable for various tasks. This capacity allows them to handle heavier and larger objects, driving their widespread adoption across industries. 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.

Robotic Arm Market Scope and Segmentation

Market Definition

The robotic arm market refers to the global industry focused on the design, manufacturing, distribution, and deployment of robotic arm systems and related technologies. These robotic arms are mechanical devices designed to mimic and replicate the movements and functions of a human arm, providing a high degree of precision, flexibility, and automation for various applications across different industries. The market encompasses a wide range of robotic arm types, sizes, and configurations, each tailored to specific tasks and industries.

Global Robotic Arm Market

Drivers

• Shift in Company Business Operations

The rise in shift in company business operations because of the pandemic-induced work-from-home is one of the major factors driving the growth of global robotic arm market. Also, the integration of cognitive technologies along with change in business processes across enterprises has a positive impact on the market.

• Increase in Warehouses

The surge in number of warehouse developments in the advancing countries accelerate the market growth. The rise in need from the manufacturing industry has a positive impact on the growth of the market. The increase in start-ups offering robotic solutions for warehouse automation also drives the market further.

• Adoption of Advanced technologies

The rise in integration of robotic process automation with machine learning to help in advancing the capabilities of software bots further influence the market. Artificial Intelligence (AI) offers enhanced business insights, and improved data integrity. Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the global robotic arm market.

Opportunity

• Increase in Automation

Increase in automation in electronics industry and research and development proficiencies in the technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for robotic automation in the logistics industry will further expand the market.

Restraints/Challenges

• High Initial Costs

The upfront cost of acquiring and implementing robotic arms can be substantial, making it a barrier for smaller businesses or organizations with limited budgets.

• Complex Integration

Integrating robotic arms into existing manufacturing processes or systems can be complex and time-consuming. Compatibility issues and the need for skilled technicians for setup and maintenance can pose challenges.

This global robotic arm 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 global robotic arm 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 Developments

• In February 2023, Flexiv partnered with Handplus Robotics, a Singapore-based automation integration firm. Flexiv and Handplus will enable the creation of customised smart solutions, reducing the effects of labour bottlenecks and shortening the ROI period
• In December 2022, ABB has opened its state-of-the-art, fully automated and flexible robotics factory in Shanghai, China. The 67,000m2 production and research facility represents a $150 million investment by ABB and will deploy the company's digital and automation technologies to manufacture next generation robots - enhancing ABB's robotics and automation leadership in China
• In January 2022, Yaskawa Electric Corporation Electric Corporation acquired additional shares of Doolim-Yaskawa Electric Corporation Co., Ltd., one of Korea's leading manufacturers of painting and sealing robot systems. It has helped to establish a business in the robotic painting and sealing system market by leveraging synergies with Doolim-Yaskawa Electric Corporation

Global Robotic Arm Market Scope

The global robotic arm market is segmented on the basis of payload capacity, type, axis, end-user industry and application. The growth amongst these segments will help you analyse 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 Capacity

• Less than 500KG
• 500-3000KG
• 3001KG and Above

Type

• Articulated
• Cartesian
• SCARA
• Spherical or Polar
• Cylindrical
• Others

Axis

• 1-Axis
• 2-Axis
• 3-Axis
• 4-Axis
• 5-Axis
• 6-Axis
• 7-Axis

End User Industry

• Automotive
• Electrical and Electronics
• Metals and Machinery
• Plastics and Chemicals
• Food and Beverages
• Others

Application

• Materials Handling
• Cutting and Processing
• Soldering and Welding
• Assembling and Disassembling
• Others

Global Robotic Arm Market Regional Analysis/Insights

The global robotic arm market is analysed and market size insights and trends are provided by payload capacity, type, axis, end-user industry and application as referenced above.

The countries covered in the global robotic arm market report 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, 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

North America dominates the global robotic arm market because of its advanced technological infrastructure and high adoption of smart city initiatives, strong presence of major players in the market and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to of rapid urbanization, increasing infrastructure development, and the adoption of advanced technologies in countries such as China, Japan, and India. In addition, the region's expanding automotive and consumer electronics industries contribute to the growing demand for infrared LED lighting solutions.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 Global Robotic Arm Market Share Analysis

The global robotic arm 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 company’s focus. Related to global robotic arm market.

Some of the major players operating in the global robotic arm market are:

• Accenture (Ireland)
• KUKA AG (Germany)
• FANUC CORPORATION (Japan)
• YASKAWA ELECTRIC CORPORATION. (Japan)
• Kawasaki Heavy Industries, Ltd. (Japan)
• ABB (Sweden)
• Mitsubishi Electric Corporation (Japan)
• Adept Technologies (India)
• DENSO WAVE INCORPORATED. (Japan)
• Rockwell Automation, Inc. (US)
• NACHI-FUJIKOSHI CORP. (Japan)
• Universal Robots (Denmark)
• OMRON Corporation (Japan)
• Seiko Epson Corporation. (Japan)
• Flexiv (US)
• Asimov Robotics. (India)
• Gridbots Technologies Private Limited. (India)
• Dobot.cc (China)