Articulated Robot Market 2023 |Size, Demand, Growth Prospects, Key Opportunities, Trends, Forecasts, Key Players and Industry Analysis

Global Articulated Robot Market, By Industry vertical (Aerospace, Chemicals, Rubber, Food & Beverages), By Application (Assembly, Bin picking, Load/unload), By Component (Hardware), By Payload Capacity (Heavy, High, Low)– Forecast till 2023

Market Overview

Articulated robots 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.

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Articulated robots 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 robots market is growing rapidly. Moreover, the increasing adoption of articulated robots in small and medium enterprises is escalating the market on the global platform.

Additional factors that are contributing to the growth of the market include the increasing demand for automation across the industries such as EMS (electronic manufacturing services), automotive, aerospace, pharmaceuticals & cosmetics, and others. Also, the industrial revolution 4.0 is set to boost the global articulated robot market.

On the flipside, factors such high initial cost of the articulated robots and complexities of their installation are restricting the growth of the market. Nevertheless, growing applications of articulated robots in autonomous warehouse and logistics industry would support the growth of the articulated robot’s market.

Global Articulated Robot Market — 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.

Global Articulated Robot Market — Competitive Analysis

Highly competitive, the articulated robot market appears to be fragmented due to the presence of several well-established players. These players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and product/ technology launch in order to maintain their positions and to gain a competitive advantage in this market.

These players focus on new product development initiatives and geographical expansion. The global articulated robot market is anticipated to witness relentless innovations and development of new products eventually result in intense competition among the manufacturers.

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Major 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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