Articulated Robot Market to Observe Prominent CAGR of 25.04% by 2030, Size, Share, Trends, Growth and Competitive Outlook

The newest report from Data Bridge Market Research, “Articulated Robot Market” examines growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive environment in detail. In order to thrive in the rapidly evolving marketplace, businesses today require innovative and exceptional solutions. The Articulated Robot Market research report serves as an outstanding resource, offering up-to-date technical and financial insights into the industry until 2030. Clients gain an unparalleled understanding of the best market opportunities within their respective sectors through this comprehensive report. Market segmentation is extensively covered, considering multiple aspects that can greatly assist businesses.

Data Bridge Market Research analyses that the Articulated Robot Market is expected to reach USD 80.31 billion by 2030, which is USD 13.44 billion in 2022, registering a CAGR of 25.04% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Key Opportunities:

• Increasing technological advancements in the articulated robot market

Rapid technological changes are the major trend which are gaining popularity in the articulated robot market. Major market players are focusing on advancements such as AI-enabled robots, self-healing robots, cloud robots, collaborative robots, commercial drones and customized robots to gain a competitive edge in the global market. For instance, OMRON Corporation, a US-based manufacturer of control equipment, electronic components, automotive electronics, factory automation systems, ticket vending machines, and medical equipment, has launched the HD-1500 autonomous mobile robot in 2020. This robot has a large payload capability of up to 1500 kg. Thus, increasing technological advancements in the articulated robot market will generate lucrative opportunities for the growth of the market.

• High adoption of articulated robot to improve manufacturing process

Articulated robots have traditionally been used for dangerous and repetitive jobs that humans can’t handle. Various manufacturing companies have adopted these robots in their processes to enhance the quality and increase productivity of their respective vehicles. For instance, Ford Motor Company uses about 450 robots to paint their vehicles and carry out processes for body construction of vehicles at its Sanand plant. Furthermore, Maruti Suzuki India makes use of around 5,000 robots in one of its plants. Therefore, increasing adoption of articulated robot to improve manufacturing process will create lucrative opportunities for market growth.

Top Leading Key Players of Articulated Robot Market:

• ABB (Switzerland)
• FANUC Corporation (Japan)
• OMRON Corporation (Japan)
• Toshiba Corporation (Japan)
• YASKAWA ELECTRIC CORPORATION. (Japan)
• Universal Robots (Denmark)
• Rockwell Automation, Inc. (U.S.)
• Robert Bosch GmbH (Germany)
• Mitsubishi Electric Corporation (Japan)
• Panasonic Corporation (Japan)
• NACHI-FUJIKOSHI CORP. (Japan)
• Seiko Epson Corporation (Japan)
• KUKA AG (Germany)
• DENSO CORPORATION (Japan)
• Aurotek Corporation (Taiwan)
• Yamaha Motor Co. Ltd (Japan)
• DAIHEN Corporation (Japan)
• Sepro Group (Germany)

Recent Development

• In 2020, Caterpillar Inc. which is a US-based company that manufactures industrial gas turbines, construction and mining equipment, diesel and natural gas engines, and diesel-electric locomotives acquired Marble Robot, Inc. which is a is a US-based robot and autonomy technology solutions company for an undisclosed amount. With this acquisition, Caterpillar will complete its commitment to next generation of worksite solutions and its autonomy and automation strategy.
• In 2020, Stäubli International AG partnered with Sepro Group to manufacture a 3-axis Success 5 unit and Model 6X-60 6-axis robot at Swiss Plastics Expo 2020. It is manufactured to provide injection-molding machines with up to 100 tons of clamp with an operating radius of up to 920 mm and maximum payload capacity of 9 kg.
• In 2020, ABB Limited’s launched 3D quality inspection (3DQI) robot cell, which is capable enough to detecting defects of less than half width of a human hair and imperceptible to the naked eye. This will also help to significantly accelerate the production process by providing accurate, fast testing to make less time consuming and metrology easier.

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Key Market Segments Covered in Articulated Robot Industry Research

Payload

• Up to 16.00 kg
• 01–60.00 kg
• 01 – 225.00 Kg
• More Than 225.00 Kg

Function

• Handling
• Welding
• Dispensing
• Assembly
• Processing
• Others

 Industry

• Automotive
• Electrical and Electronics
• Metal and Machinery
• Food and Beverages
• Precision Engineering and Optics
• Pharmaceuticals and Cosmetics
• Others

Articulated Robot Market Regional Analysis/Insights

The countries covered in the Articulated Robot Market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-articulated-robot-market&Somesh=

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