Global Robotic Arms Market Overview:
Robotic Arms Market Size was valued at USD 16.2 billion in 2022. The Robotic Arms market industry is projected to grow from USD 17.3 billion in 2023 to USD 55.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 31.0% during the forecast period (2023 - 2032). The Robotic Arms Market is growing substantially and is expected to maintain its growth pace over the forecast period. The Robotic Arms Market is driven by factors including Rapid automation across the production facilities, Rising demand for robotics among the warehouses to streamline the processes, Shortage of skilled labors propelling the demand for advanced robots, Growing complexity of manufacturing processes, and Advancement of Robotic Arms in Healthcare Industry.
Robotic Arms Market SIZE (USD BILLION) (2018-2032)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Robotic Arms Market Trends
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Development of Heavy Payload Robotic Arms
The development of heavy payload robotic arms presents a significant opportunity for the robotic arms market. Heavy payload robotic arms are designed to carry and manipulate objects with substantial weight, typically in industrial applications. With the rise of automation and the need for increased productivity and efficiency in manufacturing, the demand for heavy payload robotic arms has been steadily growing. The use of heavy payload robotic arms has several advantages over traditional methods of heavy lifting and material handling. These robotic arms can work around the clock without getting tired, require minimal maintenance, and can be programmed to perform tasks with high precision and accuracy, leading to increased productivity and reduced human error.
Considering the example of Yaskawa’s GP line of robots, which include compact and highly-efficient robots. Operated by the new Motoman YRC1000 high-performance controller, the robot line is meant for high-speed joining, packaging, and general handling applications.
Robotic Arms Market Segment Insights
Robotic Arms by Type Insights
The Robotic Arms market segmentation, based on Type, includes Articulated, Cartesian, SCARA, Spherical/Polar, Cylindrical, Delta. The Articulated segment is dominating in terms of market share in 2022. The multiple joints and flexible movements of the arm enable it to perform a wide range of tasks, from simple pick-and-place operations to complex assembly tasks. This versatility of articulated makes them highly suitable for a variety of applications, including manufacturing, packaging, and assembly.
Robotic Arms Market SIZE (USD BILLION) Type 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Robotic Arms Payload Capacity Insights
According to Payload Capacity, the segment is divided into Less Than 500 kg, 500-1000 kg, 1001-2000 kg, 2000 kg above. Less Than 500 kg segment led the overall market share in 2022. The demand for Robotics Arms for Less than 500 kg payload capacity is rising for various industrial applications. These robots are suitable for tasks that require a smaller payload capacity, such as material handling, assembly, pick-and-place, and packaging.
Electric segment is anticipated to be dominated in terms of CAGR over the forecast period. The demand for a fuel-efficient fleet has increased, due to the rise in the price of petrol and diesel. The cost of electric vehicle batteries has been decreasing during the past decade due to technological advancements and the production of electric vehicle batteries on a mass scale in large volumes. The supportive government policies and regulations, increasing investments by leading automotive OEMs, rising environmental concerns, decreasing prices of batteries, and advancements in charging technologies are the key factors driving the growth of the Robotic Arms market.
Robotic Arms Market SIZE (USD BILLION) Payload capacity 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Robotic Arms Axes Insights
According to Axes, the segment is divided into 1-Axis, 2-Axis, 3-Axis, 4-Axis, 5-Axis, 6-Axis, 7-Axis. 6-Axis segment led the overall market and expected to retain its dominance over the forecasted period in the Robotic Arms industry. Six-axis robots are a type of articulated robot and the most common for industrial manufacturing. Factors such as flexibility, strength, and reach needed to complete most applications including welding automation, material handling, material removal, and painting are driving the growth of this segment in future.
Robotic Arms Market SIZE (USD BILLION) Axes 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Robotic Arms Application Insights
According to Application, the segment is divided into Materials Handling & Transportation, Assembling and Disassembling, Soldering and Welding, Cutting and Processing, Bonding and Sealing, Bin Picking, Sorting, Ambient Assisted Living, Others. Materials Handling & Transportation held the largest market share in Application segment. Material handling automation is becoming increasingly vital for organizations in order to complete orders efficiently and maintain competitiveness during supply chain disruptions. Many operations are considering robotics due to employee issues such as retention, wages, and local availability.
Robotic Arms Market SIZE (USD BILLION) Application 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Robotic Arms Industry Vertical Insights
According to Application, the segment is divided into Automotive, Electrical and Electronics, Food and Beverages, Manufacturing, Retail, Logistics & E-Commerce, Healthcare & Medical, Household/Residential, Education, Agriculture, Waste Management & Recycling, Other. Automotive sector held a largest market share in Robotic Arms Industry Vertical segment. Robotic arms are extensively used in the automotive industry for various purposes, including welding, painting, and assembly. Robotic arms can handle and manipulate heavy and bulky components, which reduces the risk of injuries to workers. The need for greater speed and accuracy than humans, to increased productivity, resulting in growth of Robotic Arms in Automotive industry.
Robotic Arms Market SIZE (USD BILLION) Industry Vertical 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Robotic Arms Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South and Central America. The Asia-Pacific accounted for the largest share of revenue in 2022 and is expected to have the largest market CAGR in the Robotic Arms market. The robotics arms market is experiencing rapid growth in the Asia-Pacific region due to several factors. First and foremost, the region is home to a large and expanding manufacturing industry, which is increasingly adopting automation and robotics to improve productivity, quality, and flexibility. For example, in China, the world's largest manufacturing economy, companies like Foxconn are using thousands of robotics arms in their factories to assemble electronics products such as iPhones and iPads with high precision and speed.
Further, the countries considered in the scope of the Robotic Arms market are the US, Canada, Mexico, UK, Germany, France, Spain, Netherland, Poland, Denmark, China, Japan, India, Australia, Taiwan, Singapore, UAE, South Africa, Saudi Arabia, Brazil, Argentina, Chile and others.
Robotic Arms Market SIZE (USD BILLION) REGION 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Robotic Arms Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Robotic Arms market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Robotic Arms industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Key Companies in the Robotic Arms market include
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ABB Group
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Yaskawa Electric Corporation
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KUKA AG
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Fanuc Corporation
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Kawasaki Heavy Industries, Inc.
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Mitsubishi Electric Corporation
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Denso Wave
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Nachi-Fujikoshi Corp.
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Universal Robots A/S
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Omron Corporation
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Stäubli Corporation
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Flexiv Ltd.
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ASIMOV Robotics Pvt. Ltd.
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Gridbots Technologies Private Limited
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Dobot.cc
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Seiko Epson Corporation
Robotic Arms Industry Developments
February 2023: Flexiv partnered with Handplus Robotics, a Singapore-based automation integration firm. Flexiv and Handplus will enable the creation of customised smart solutions, reducing the effects of labour bottlenecks and shortening the ROI period.
December 2022: ABB has opened its state-of-the-art, fully automated and flexible robotics factory in Shanghai, China. The 67,000m2 production and research facility represents a $150 million investment by ABB and will deploy the company’s digital and automation technologies to manufacture next generation robots – enhancing ABB’s robotics and automation leadership in China.
January 2022: Yaskawa Electric Corporation Electric Corporation acquired additional shares of Doolim-Yaskawa Electric Corporation Co., Ltd., one of Korea’s leading manufacturers of painting and sealing robot systems. It has helped to establish a business in the robotic painting and sealing system market by leveraging synergies with Doolim-Yaskawa Electric Corporation.
Intended Audience
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Semi-Conductor Industry
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Robotics Industry
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Technology Investors
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Regulatory Industries
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Government Bodies
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Defense industry
Robotic Arms Market Segmentation:
Robotic Arms Type Outlook (USD Billion, 2018-2032)
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Articulated
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Cartesian
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SCARA
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Spherical/Polar
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Cylindrical
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Delta
Robotic Arms Payload Capacity Outlook (USD Billion, 2018-2032)
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Less Than 500 kg
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500-1000 kg
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1001-2000 kg
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2000 kg above
Robotic Arms Axes Outlook (USD Billion, 2018-2032)
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1-Axis
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2-Axis
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3-Axis
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4-Axis
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5-Axis
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6-Axis
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7-Axis
Robotic Arms Application Outlook (USD Billion, 2018-2032)
Robotic Arms Industry Vertical Outlook (USD Billion, 2018-2032)
Robotic Arms Regional Outlook
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Europe
- Germany
- UK
- France
- Spain
- Netherland
- Poland
- Denmark
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- Taiwan
- Singapore
- Rest of Asia-Pacific
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Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
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South America
- Brazil
- Argentina
- Chile
- Rest of South America
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 16.2 Billion |
| Market Size 2023 |
USD 17.3 Billion |
| Market Size 2032 |
USD 55.4 Billion |
| Compound Annual Growth Rate (CAGR) |
31.0% (2023-2032) |
| Base Year |
2022 |
| Forecast Period |
2023-2032 |
| Historical Data |
2018-2022 |
| Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Payload Capacity, Axes, Application, Industry Vertical and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, Middle East & Africa, and South America |
| Countries Covered |
The US, Canada, Mexico, UK, Germany, France, Spain, Netherland, Poland, Denmark, China, Japan, India, Australia, Taiwan, Singapore, UAE, South Africa, Saudi Arabia, Brazil, Argentina, Chile. |
| Key Companies Profiled |
ABB Group (Switzerland), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), Fanuc Corporation (Japan), Kawasaki Heavy Industries, Inc. (Japan), Mitsubishi Electric Corporation (Japan), Denso Wave (Japan), Nachi-Fujikoshi Corp. (Japan), Universal Robots A/S (Denmark), Omron Corporation (Japan), Stäubli Corporation (Switzerland), Flexiv Ltd. (US), ASIMOV Robotics Pvt. Ltd. (India), Gridbots Technologies Private Limited (India), Dobot.cc (China), Seiko Epson Corporation (Japan) |
| Key Market Opportunities |
Development Of Heavy Payload Robotic Arms Rapid Technological Advancements Industry 4.0 Is Expected to Open Lucrative Opportunities For The Market |
| Key Market Dynamics |
Rapid Automation Across Production Facilities Rising Demand for Robotics Among Warehouses to Streamline Processes Shortage of Skilled Labors Propelling the Demand for Advanced Robots Growing Complexity of Manufacturing Processes Advancement of Robotic Arms in Healthcare Industry |
Frequently Asked Questions (FAQ) :
The market for Robotic Arms was held at USD 16.2 Billion in 2022
The market size for Robotic Arms is expected to be USD 55.4 Billion in 2032
The growth of Robotic Arms market is anticipated at CAGR 31.0% during 2023-2030.
North America held the largest market share owing to the rise in the development of technological advancements in recent years.
The key players in the Robotic Arms Market ABB Group (Switzerland), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), Fanuc Corporation (Japan), Kawasaki Heavy Industries, Inc. (Japan), Mitsubishi Electric Corporation (Japan), Denso Wave (Japan), Nachi-Fujikoshi Corp. (Japan), Universal Robots A/S (Denmark), Omron Corporation (Japan), Stäubli Corporation (Switzerland), Flexiv Ltd. (US), ASIMOV Robotics Pvt. Ltd. (India), Gridbots Technologies Private Limited (India), Dobot.cc (China), Seiko Epson Corporation (Japan)
