Articulated Robot Market Size (2024 - 2029)

The articulated robot market is experiencing growth driven by the transition from manual production to automation, with these robots enhancing manufacturing efficiency, particularly in sectors like automotive and aerospace. Their ability to handle high payloads and improve labor safety while reducing operational costs contributes to their increasing adoption. Despite challenges such as high installation costs and complexity, the market is expanding due to the rising integration of smart factory systems and IoT technologies. The global push for innovation-driven manufacturing, exemplified by initiatives like 'Made in China 2025', further underscores the market's potential.

Market Size of Articulated Robot Industry

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Articulated Robot Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 12.63 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration Low

Major Players

Articulated Robot Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Articulated Robot Market Analysis

The articulated robot market is expected to register a CAGR of 12.63%, during the forecast period, 2021-2026. The shift from manual production to automation has been one of the major factors driving the robotics market. The potential of articulated robots to aid in high payload lifting during the manufacturing of automobiles, customization in machinery, is furthering aiding the growth of the articulated robots.

  • Further, another crucial factor that is driving the adoption of articulated robots is the increasing concern for labor safety. The adoption of such robots also helps in reducing operational cost, production & manufacturing cost, and the wastage of the raw material.
  • However, the complexity of their installation along with the high cost of these robots is the few factors that is hindering the market growth.
  • Over the last few years, the application of an articulated robot has registered significant growth, in several areas, ranging from paint shop applications in automotive sector to assembling any level of complex components.
  • The significant usage of articulated robots in the aerospace, oil and gas, and various other industries that commonly manufacture large parts by using articulated robots, has aided the market's expansion. Consequently, articulated robots are used to yield in bulk with precision and at a much faster rate, thus increasing the production efficiency, minimalize human error and effort, and increase the quality of end products.
  • The industrial robot's market has been witnessing a huge demand over the past decade, owing to the rising adoption of smart factory systems, of which these robots play a vital part. The global smart factory market is expected to exceed USD 350 billion by 2023, which provides insights on the scope of the adoption of industrial robots for automation across several end-user industries.
  • The rising penetration of the IoT and investments in robotics across multiple regions have been major contributors to the growth of the market. For instance, the 'Made in China 2025' announcement, which was aimed at broadly upgrading the Chinese industry by moving toward quality focused and innovation-driven manufacturing.
  • Due to COVID-19, manufacturing industries across the world have witnessed a vast decline in revenue and profits, leading to significant cut down of employees and workers, resulting in an overall loss to industrial production activities.

Articulated Robot Industry Segmentation

An articulated robot is a robotic arm that uses rotary joints, to perform precise movements. This robot comprises three rotary joints, which aid the robotic arm to move in multiple planes.Articulated robots are used in various applications such as welding, assembling, sealing, material handling, picking, cutting, painting, and spraying. Articulated robots have rotary joints and between three and six degrees of freedom enabling high flexibility (robot can bend back and forth). Different end-user industries such as automotive, food and beverages, and metals and machinery, etc, and different geographic regions are considered in the scope of the study.

End User Industry
Automotive
Electrical and Electronics
Metals and Machinery
Pharmaceutical
Food and Beverages
Others
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Articulated Robot Market Size Summary

The articulated robot market is experiencing significant growth, driven by the transition from manual production to automation across various industries. These robots are increasingly adopted for their ability to handle high payloads, enhance production efficiency, and improve safety by reducing human involvement in hazardous tasks. The automotive sector is a major user, utilizing articulated robots for tasks such as welding, painting, and assembly, which boosts productivity and reduces energy consumption. The market's expansion is further supported by the rising demand for smart factory systems and the integration of IoT technologies, which facilitate automation and improve operational efficiency. However, challenges such as high installation costs and complexity may hinder market growth.

In North America, the articulated robot market is particularly robust, with the region leading in robotics adoption and innovation. The presence of advanced manufacturing initiatives and partnerships, such as the Advanced Manufacturing Partnership and the National Network for Manufacturing Innovation, has bolstered the region's competitive edge. The market is characterized by intense competition among major manufacturers like FANUC, KUKA, and ABB, who focus on product innovation and research and development to maintain their market positions. Despite the challenges posed by the COVID-19 pandemic, which temporarily disrupted manufacturing activities, the market is poised for continued growth as industries increasingly rely on automation to enhance productivity and reduce costs.

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Articulated Robot Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Increasing Investments Toward Industrial Automation

      2. 1.3.2 Support From Governments To Increase Workplace Safety

    4. 1.4 Market Restraints

      1. 1.4.1 High Initial Cost

    5. 1.5 Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Assessment of COVID-19 impact on the industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 End User Industry

      1. 2.1.1 Automotive

      2. 2.1.2 Electrical and Electronics

      3. 2.1.3 Metals and Machinery

      4. 2.1.4 Pharmaceutical

      5. 2.1.5 Food and Beverages

      6. 2.1.6 Others

    2. 2.2 Geography

      1. 2.2.1 North America

      2. 2.2.2 Europe

      3. 2.2.3 Asia Pacific

      4. 2.2.4 Latin America

      5. 2.2.5 Middle East and Africa

Articulated Robot Market Size FAQs

The Articulated Robot Market is projected to register a CAGR of 12.63% during the forecast period (2024-2029)

ABB Ltd., FANUC CORPORATION, KUKA AG, DENSO Corporation and Omron Adept Technology ( Omron Corporation) Inc. are the major companies operating in the Articulated Robot Market.

Articulated Robot Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)