The recent trend of Industry 4.0 has called for an increase in the level of automation which can be considered as a boosting factor for the growth of articulated robot market. Automotive industry has been the primary market for articulated robots and continues to drive its growth in the coming years. Increase in demand for higher efficiency in production across various industries is driving the growth of the market. However high configuration and reprogramming cost for low volume production is expected to restrain the growth of global articulated market.
Industry news
April 2017, Toshiba machine in partnership with TM Robotics announced the launch of Toshiba Machine’s newest TVM 6-axis line of articulated robots. The new line of robots is ideal for companies with material handling and machine tending needs. The cost-effective robots are aimed at a vast range of industries including automotive components, plastics, medical, packaging, and pharmaceutical.
What is the Articulated Robot Market Growth Scope?
The articulated robot market can gain massive traction in the approaching years, because of the impressive surge in the applications of articulated robots in electronic manufacturing and automotive sectors. Also, the growing use of the target product across firms can push the growth scope of articulated robots in the coming years. Rising need for precise operations across assembly lines combined with the amplified demand for mechanization can also benefit the global market.
The extensive use of articulated robots in aerospace, food & beverages, EMS and medical & pharmaceuticals sectors are expected to fare well with the market growth in the following period. Less populated areas paired with the high requirement for accuracy in deep underwater and metal mining activities can boost the market earnings for articulated robot in the next couple of years. Mounting preference for the industry 4.0 can lead to a higher demand for articulated robots in the ensuing years.
With the increase in labor costs as well as the intensifying competition from small players, the demand for articulated robots is expected to rise. More and more companies now realize that these robots can boost the reliability, performance and quality and also reduce the risks generally associated with the manufacturing processes. They offer numerous benefits compared to other types of robots, such as dexterity, a lower level of complexity as well as flexibility. These robots bring a lot to the table as far as the production process is concerned, which drives their popularity among a large number of manufacturing industries.
Applications of Articulated Robots
Articulated robots are able to handle a variety of payload applications, while offering an optimum level of flexibility and adaptability over an extensive range of industrial production applications. The rising need for automation across different industries including aerospace, automotive, food & beverages, EMS (electronic manufacturing services), chemicals, metals & machinery, precision engineering & optics, pharmaceuticals & cosmetics and rubber, & plastics, can lead to excellent business growth in the near future.
However, the highest adoption of articulated robots has been noted in the automotive sector. Over the years, the vehicle sales have risen considerably all over the world. The escalating demand in emerging countries is likely to be a lucrative opportunity for the market players in the years to come. Consequently, more and more automobile manufacturers are working on boosting the efficiency as well as productivity of their manufacturing processes. This can result in greater automation within the automotive sector, leading to more demand for articulated robots.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.acom
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