Global Articulated Robot Market Research report – Forecast 2027

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 2027

ID: MRFR/SEM/5341-HCR | December 2022 | Region: Global | 100 Pages         

Articulated Robot Market

The articulated Robot Market will exhibit a CAGR of 16.58% in the forecast period of 2020-2027 and is expected to reach USD 9.36 Billion by 2027

Segmentation

By Industry vertical Aerospace Chemicals Rubber Food & Beverages
By Application Assembly Bin picking Load/unload
By Component Hardware
By Payload Capacity Heavy High Low

Key Players

  • ABB (Switzerland)
  • Fanuc Corporation (Japan)
  • Yaskawa Electric Corporation (Japan)
  • Kawasaki Heavy Industries Ltd (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Seiko Epson Corporation (Japan)
  • Toshiba Machine Co. Ltd (Japan)
  • OMRON Corporation (Japan)
  • KUKA Aktiengesellschaft (Germany)
  • Yamaha Motor Co. Ltd(Japan)
  • Aurotek Corporation (Taiwan)
  • Cassioli S.r.l (Italy)
  • Daihen Corporation (Japan)
  • Denso (Japan)
  • Engel (Austria)
  • Nachi-Fujikoshi (Japan)
  • Stubli International (Switzerland)
  • SIASUN (China)
  • HIWIN (Taiwan)
  • GSK (UK)
  • Triowin (China)

Drivers

  • Increasing need for automation across industry vertical
  • Increase in adoption of articulated robots in small and medium enterprises across the globe.
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Articulated Robot Market Size and Overview:


Globally, the size of Articulated Robot Market is expected to reach USD 23.51 Billion at a CAGR of 16.58% during the predicted forecast period 2020 to 2027 driven by the growing demand for automation in industries such as automotive, aerospace, EMS (electronic manufacturing services), food & beverages, metals & machinery, chemicals, rubber, & plastics, precision engineering & optics, and pharmaceuticals & cosmetics, among others.

Articulated robots are considered those with at least three rotating joints in their arms. Due to articulated robots, Industrial manufacturing has become much faster and more precise.


They are utilized in various sectors for tasks such as material handling, welding, loading/unloading, bin picking, assembly, processing, washing, and painting. Industries benefit from the Articulated Robot Market because they can handle things too heavy or dangerous for humans, and robots can operate for longer periods with less rest than humans.


Articulated robots are long-lasting and produce exact outputs for long-term operations and difficult can-do tasks in humans' place. Because articulated robots give more accurate outputs than manual labour, the employment of articulated robots in production has increased to continually Articulated Robot Market Share.


Articulated robots also offer lower manufacturing costs because the overall cost of implementing articulated robots is lower than manual labour if the complete lifecycle is considered and helps bring more Articulated Robot Industry Opportunities and increase Market Revenue.


COVID 19 Analysis


Manufacturing industries around the world have seen a major drop in income and earnings as a result of COVID-19, resulting in significant reductions in staff and workers, and an overall loss in industrial production activities. Several incentives are being offered by governments in key nations such as India, China, Japan, France, Indonesia, and Singapore to help their industrial sectors cope better with the issues that the COVID-19 pandemic has posed. As a result, industries are better prepared to invest in the financial resources needed to integrate Articulated Robot Market into the industrial setup. The need for collaborative robots is predicted to grow across all industries, promoting the adoption of automation. Because China has been the main market (40–50 percent share) for Articulated Robot Market Trends for the past 5 years, the COVID-19 pandemic has had a detrimental influence on the Articulated Robot Industry Size.


Market Dynamics



  • Drivers


The Articulated Robot Market Share is being driven by the growing demand for automation in industries such as automotive, aerospace, EMS (electronic manufacturing services), food & beverages, metals & machinery, chemicals, rubber, & plastics, precision engineering & optics, and pharmaceuticals & cosmetics, among others. Increased use of articulated robots in small and medium businesses throughout the world is expected to fuel the worldwide Articulated Robot Industry Analysis over the forecast period. The global Articulated Robot Market Forecast is expected to benefit from the growing trend in factory automation known as “Industry 4.0”. In terms of production facilities, SMEs outweigh major businesses. They employ more individuals than small businesses on an individual basis. Small and medium-sized businesses (SMEs) make up the bulk of businesses that have yet to enjoy the benefits of automation and robotics.



  • Restraints


The high initial cost of articulated robots, as well as the difficulty of their installation, are projected to limit the Articulated Robot Market Opportunities. Despite the high rate of adoption of articulated robots in SMEs, there are still barriers to their use in low-volume manufacturing. Because articulated robots are built to meet the needs of the application, updating or reconfiguring articulated robots is an unavoidable procedure whenever the application is altered. For low-volume production, the cost of reconfiguring and reinstalling robots is substantial. Reconditioned robots, on the other hand, are less expensive. Aside from that, as the use of robots evolves, so do the requirements for workspace, reach, and payload restrictions. For low-volume manufacturing, all of these constraints raise the overall cost of installation of articulated robotic systems, restricting the Articulated Robot Market Trends.



  • Technology Analysis


Embedded computers, advanced sensors, and microelectronics requiring micro-and nanoscale assembly are used in the next generation of high-value products with a short product life cycle, for which labor-intensive production with low-skilled human employees is not a viable option. Some factory robots are large and rigid, making them dangerous around people. They are designed to be exact and repeatable, but they are not adaptive. Robots, on the other hand, must be flexible enough to adapt to changes in processes and new technological breakthroughs in products in order to function in conjunction with people. Robotics and automation technology improvements are crucial for this reason. There are significant technological improvements, future new applications, and industry adoption of articulated robots in the current worldwide scenario. Due to unforeseeable economic changes and crises, however, the focus is on cost-reducing while enhancing productivity and quality and enhancing Articulated Robot Market Analysis.


Articulated Robot Market Segment Overview


The Articulated Robot Market has been bifurcated into various segments that will help the market to achieve the highest CAGR during the Market Forecast. The Articulated Robot Industry key players have also helped in the segmentation which is as follows:


Based on the Component:



  • Hardware


    • Controller

    • Arm

    • Drive

    • End-effector

    • Sensor


  • Software

  • Services


Based on the Payload Capacity:



  • Low

  • Medium

  • High

  • Heavy


Based on the Application:



  • Material Handling

  • Welding

  • Load/Unload

  • Bin Picking

  • Assembly

  • Processing

  • Washing

  • Painting

  • Others


Based on the Industry Vertical:



  • Automotive

  • Aerospace

  • EMS (Electronic Manufacturing Services)

  • Food and Beverages

  • Metals and Machinery

  • Chemicals

  • Rubber

  • Plastics

  • Precision Engineering and Optics

  • Pharmaceuticals and Cosmetics

  • Others


Based on the Region:



  • North America

  • Europe

  • Asia-Pacific (APAC)

  • Rest of the World (RoW)


Regional Analysis


During the projected period, Asia Pacific is expected to lead the worldwide articulated robot market. The presence of important companies in the region, such as Fanuc Corporation, Yaskawa Electric Corporation, and Toshiba Machine Co., Ltd, among others, is propelling the articulated robot industry forward. The expansion of the articulated robot in the area is expected to be fueled by rising industrialization and production in countries such as China and India. During the projected period, North America is expected to make a considerable contribution to the global articulated robot market. The expansion of the articulated robot market in the area is being driven by increased automation development and high adoption of automation in production in countries such as the United States and Canada. During the projected period, Europe is expected to make a considerable contribution to the global market's growth.


Competitive Landscape


With significant Articulated Robot Market Key Players such as ABB (Switzerland), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd (Japan), Mitsubishi Electric Corporation (Japan), Seiko Epson Corporation (Japan), Toshiba Machine Co., Ltd (Japan), OMRON Corporation (Japan), KUKA Aktiengesellschaft (Germany), Yamaha Motor Co., Ltd(Japan), Aurotek Corporation (Taiwan), Cassioli S.r.l (Italy), Daihen Corporation (Japan), Denso (Japan), Engel (Austria), Nachi-Fujikoshi (Japan), Stäubli International (Switzerland), SIASUN (China), HIWIN (Taiwan), GSK (UK), and Triowin (China), the articulated robot market is highly fragmented. Product launches, significant R&D spending, and other growth methods are used by these companies to keep up with the fierce competition. The major businesses continue to innovate in order to offer a cost-effective product selection. There have been numerous significant advancements in the products offered by the major manufacturers in the field of articulated robots.


Recent Developments


January 2020


Stäubli International AG partnered with Sepro Group to produce a Model 6X-60 6-axis robot and a 3-axis Success 5 unit at the Swiss Plastics Expo 2020. It is designed to serve injection-moulding machines with up to 100 tons of clamp; it has a maximum payload capacity of 9 kg and an operating radius of 920 mm.


July 2020


ABB Limited's new 3D quality inspection (3DQI) robot cell, capable of detecting defects of less than half the width of a human hair and invisible to the naked eye, significantly accelerates the production process by providing fast, accurate testing, make metrology easier and less time-consuming.


Report Overview


An articulated robot is a robotic arm that performs precise movements using rotating joints. The robotic arm of this robot has three rotary joints that allow it to move in multiple planes. An articulated robot is a robotic arm that performs precise movements using rotating joints. The market outlook portion of the study primarily covers the fundamental characteristics of the market, such as drivers, constraints, and technology analysis. Market drivers and restrictions are inextricably linked. The study considers many end-user industries, such as automotive, food and drinks, metals and machines, and so on, as well as various geographic regions.



Report Scope:

Report Attribute/Metric Details
  Market Size   23.51 Billion
  CAGR   16.58%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Industry vertical, Application, Component, Payload Capacity
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ABB (Switzerland), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd (Japan), Mitsubishi Electric Corporation (Japan), Seiko Epson Corporation (Japan), Toshiba Machine Co., Ltd (Japan), OMRON Corporation (Japan), KUKA Aktiengesellschaft (Germany), Yamaha Motor Co., Ltd(Japan), Aurotek Corporation (Taiwan), Cassioli S.r.l (Italy), Daihen Corporation (Japan), Denso (Japan), Engel (Austria), Nachi-Fujikoshi (Japan), Stubli International (Switzerland), SIASUN (China), HIWIN (Taiwan), GSK (UK), and Triowin (China)
  Key Market Opportunities   The rising trend in factory automation also known as β€œIndustry 4.0” is set to boost the global articulated robot market.
  Key Market Drivers

  • Increasing need for automation across industry vertical.
  • Increase in adoption of articulated robots in small and medium enterprises across the globe.


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    Frequently Asked Questions (FAQ) :

    The Articulated Robot Market is expected to reach USD 23.51 Billion at a CAGR of 16.58% during the predicted forecast period 2020 to 2027

    ABB, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd, Mitsubishi Electric Corporation, Seiko Epson Corporation, Toshiba Machine Co., Ltd, OMRON Corporation, KUKA Aktiengesellschaft, Yamaha Motor Co., Ltd, Aurotek Corporation, Cassioli S.r.l, Daihen Corporation, Denso, Engel, Nachi-Fujikoshi, Stubli International, SIASUN, HIWIN, GSK, and Triowin

    The Asia-Pacific (APAC) region is expected to motivate the market during the forecast period.