- The robotic arm market is experiencing robust growth due to the rising need for automation in manufacturing, logistics, and assembly lines, enhancing productivity and reducing operational costs
- The automotive and electronics sectors are key contributors, with increasing demand for high-precision robotic arms for tasks such as welding, assembling, and material handling
- North America held the largest market share of 35.7% in 2024, driven by a strong manufacturing base, technological advancements, and widespread adoption of automation in the U.S. and Canada
- Asia-Pacific is anticipated to be the fastest-growing region during the forecast period, fueled by rapid industrialization, expanding manufacturing sectors, and government initiatives promoting automation in countries such as China, Japan, and India
- The articulated robotic arm segment dominated the market with a revenue share of 43% in 2024, attributed to its versatility, high payload capacity, and suitability for complex tasks such as welding and material handling
