Articulated Robot Industry

Articulated Robot Market Forecast 2023

Articulated Robot Market Report-Forecast 2023

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Articulated Robot Market Forecast 2023

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Articulated Robot Market Forecast 2023

Summary Articulated robot market are humanoid robots whose arms have a couple of rotary joints. These robots are specially designed to make the industrial manufacturing process fast and precise. They are used across the industries in various applications, including material handling, welding, load/unload, lifting, assembly, and processing, among others.

Offering production efficiency to industries with their capability to handle object that is too heavy and unsafe for humans to handle articulated robot market perform all complex task on behalf of humans. Articulated robots offer more accurate outputs than manual labor; as a result, the uptake of articulated robots in production has led to an increase in product quality.

Articulated robot market also offer reduced production cost as overall cost for implementation of articulated robots is less compared to manual labor. Due to their flexibility, it is easier to do process changeovers with articulated robots. Resultantly, the global articulated robot market is growing rapidly. Moreover, the increasing adoption of articulated robots in small and medium enterprises is escalating the market on the global platform.

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Articulated Robot Market Forecast 2023

Key Players

Key players leading the global Articulated Robot Market include Fanuc Corporation (Japan), ABB (Switzerland), Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd (Japan), Seiko Epson Corporation (Japan), OMRON Corporation (Japan), Toshiba Machine Co., Ltd (Japan), KUKA Aktiengesellschaft (Germany), Aurotek Corporation (Taiwan), Yamaha Motor Co., Ltd(Japan), Cassioli S.r.l (Italy), Denso (Japan), Daihen Corporation (Japan), Engel (Austria), Stubli International (Switzerland), Nachi-Fujikoshi (Japan), SIASUN (China), GSK (UK), HIWIN (Taiwan), and Triowin (China) among others.

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Articulated Robot Market Forecast 2023

Segmentation: For the better understanding of the report, the market is segmented into five key dynamics:

By Component: Hardware, Software, and Services.

By Payload Capacity: Low, Medium, High, and Heavy.

By Application: Material Handling, Welding, Load/Unload, Bin Picking, Assembly, Processing, Washing, and Painting among others.

By Industry Vertical: Automotive, Aerospace, Food & Beverages, Metals & Machinery, Chemicals, Rubber, & Plastics, Precision Engineering & Optics, and Pharmaceuticals & Cosmetics, among others.

By Regions: Asia Pacific, North America, Europe, and Rest-of-the-World

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Articulated Robot Market Forecast 2023

Regional Analysis: The Asia Pacific region heading with the huge advancement in robotics dominates the global articulated robot market. The presence of key players in the region such as Yaskawa, Fanuc, and Toshiba acts as a key tailwind pushing the growth of the market. Besides, factors such as the growing industrialization and production, especially in countries such as China and India are driving the growth of the articulated robot market in the region.

Rapidly emerging countries in the APAC region such as India and China are increasingly investing in the development of these robots and the manufacturing processes. India has the maximum potential to grow during the forecast period. Furthermore, factors such as the rapid economic growth increased R&D activities, and the demand for new autonomous technology from the burgeoning sectors such as automotive and aircraft are propelling the regional market.

The articulated robot market in the North American region accounts for the second-largest market, globally. Factors such as the increasing development in automation and high adoption of automation in production units in countries, especially in the US and Canada are driving the growth of the articulated robot market in the region.

Increasing demand for the articulated robot from the logistics industry and increasing focus on enhancing communication capabilities, especially in the defense sector drive the growth of the regional market. The US accounts for not only the leading market in the region but also the largest revenue generator in the global articulated robot market. Moreover, the presence of major robotic players in the US has been helping the regional market to become more dominating as compared to other regions.

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