Industry Background:
Large-scale use of industrial robots in different end user industry will help to boost global articulated robot market. Articulated robot is a type of robot having rotary joints, particularly, a legged robot or an industrial robot. It possesses a robotic arm that uses rotary joints to implement precise movements repeatedly and consistently. It can range from simply two-jointed structures to systems with ten or more interacting joints. Articulated robot are mostly used in different application including sealing, picking, cutting, painting assembling, material handling, welding, and spraying, and machine tending.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | ABB (Switzerland), KUKA (Germany), Fanuc (Japan), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), Denso (Japan), Nachi-Fujikoshi (Japan), Yaskawa (Japan), Omron Adept Technologies (United States) and Seiko Epson (Japan) |
According to AMA, the market for Articulated Robots is expected to register a CAGR of 17.58% during the forecast period to 2028. This growth is primarily driven by Upsurge In Requirement For Precise Operation In Assembly Lines and Rising Demand From SMEs in Emerging Nations.
Globally, a noticeable market trend is evident Rising Preference for Industry 4.0 is Predicted to Generate More Demand
The Robotics & Automation sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ABB (Switzerland), KUKA (Germany), Fanuc (Japan), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), Denso (Japan), Nachi-Fujikoshi (Japan), Yaskawa (Japan), Omron Adept Technologies (United States) and Seiko Epson (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Articulated robots market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 24th July 2018, ABB has acquired intrion, a privately owned company headquartered in Huizingen, experience in logistics automation solutions and services for the warehouse and distribution, food and beverage, and pharmaceutical industries.
On 6th June 2018, Epson has launched N6 compact 6-Axis robot and SH250LH Hollow Force Sensor. Epsons compact N6 6-axis robot, complete with uniquely engineered foldingarm, is designed to perform tasks in tight spaces more efficiently than other robots.
Influencing Trend:
Rising Preference for Industry 4.0 is Predicted to Generate More Demand and Growing Funds for Automation in Industries
Market Growth Drivers:
Upsurge In Requirement For Precise Operation In Assembly Lines and Rising Demand From SMEs in Emerging Nations
Challenges:
Manufacturing Advanced Robotic Systems to Meet Customer Needs in the Era of Iiot and Addressing the Need to Safely Handle Industrial-Grade Operations
Restraints:
High Initial Investment for Low-Volume Production Applications
Opportunities:
Huge Demand for application-specific robots and Rising Demand for Low-Cost Articulated Robots Capable of Working in Alliance with Humans
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Articulated Robots Market
- Analysis about New Entrants in Articulated Robots Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Articulated Robots Study Sheds Light on
The Articulated Robots Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Articulated Robots industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Articulated Robots industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.