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Market Scope

Market Research Future (MRFR) reveals that the global articulated robot market can record a strong growth rate from 2018 to 2023, which is considered as the forecast period in the report.

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Primary Drivers and Key Restraints

With the surge in labor costs and intensifying competition from low-wage overseas vendors, the demand for robots and automation is increasing at a significant pace. Articulated robots help elevate reliability, performance, and quality while bringing down the risks. They offer a host of benefits compared to other types of robots, including dexterity, a lower level of complexity as well as flexibility. These robots bring about many advantages to the production process, which has catapulted its popularity across manufacturing industries.

Another industry that is increasingly adopting articulated robots is the automotive sector. In recent years, vehicle sales have increased considerably all over the world. Demand from emerging nations is expected to note strong growth in the coming years. Therefore, automobile manufacturers are making efforts to increase efficiency as well as productivity of their manufacturing processes. This is bound to result in better automation within the automotive industry, and in the process, can boost the demand for articulated robots in the following years.

Furthermore, the mounting adoption rate of articulated robots in small and medium enterprises (SMEs) around the world can stimulate market growth. The emerging trend in factory automation, also called Industry 4.0, is deemed to work in favor of the global articulated robot market during the conjectured timeframe.

Market Segmentation

The global market for articulated robot has been extensively analyzed in the MRFR report, and the primary segments taken into account while conducting the study are component, payload capacity, application and industry vertical.

With respect to component, the articulated robot market has been considered for software, services, and hardware. Further, the hardware segment can be split into arm, controller, end-effector, sensor, and drive.

Given the payload capacity segment, the market consists of low, medium, high, and heavy.

Application-based segments in the market are welding, material handling, bin picking, load/unload, processing, assembly, painting, washing, and others.

The industry verticals covered in the report are aerospace, automotive, precision engineering & optics, chemicals, electronic manufacturing services (EMS), pharmaceuticals & cosmetics, metals & machinery, food & beverages, rubber & plastics, and others.

Regional Outlook

From a regional viewpoint, the global articulated robot market has been divided into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).

APAC can attain the top position in the global articulated robot market in the given timeframe, backed by a large number of renowned players such as Yaskawa Electric Corporation, Toshiba Machine Co., Ltd and Fanuc Corporation, among others. Increasing industrialization and production in India and China can also benefit the regional market in the coming years. India, Singapore and China are the most profitable markets for articulated robots in the region, given their robust economic growth, increasing domestic manufacturing, rapid industrialization and the mounting adoption of robotics. Another important factor backing the said market growth includes the considerable investments being made by well-known companies in the region.

North America is all set to be a highly lucrative market for articulated robot during the appraisal period. The market growth is dependent on factors like surging development in automation coupled with the extensive use of automation in production, mostly in countries such as the United States (US) and Canada.

The market growth of industrial robots in Europe is expected to be consistent throughout the estimated period. In the region, industrial robots are used extensively not only in large enterprises but also in smaller enterprises. Germany is and will remain the biggest market for articulated robot in the region. Government initiatives such as Industry 4.0 combined with the rising penetration of AI and IoT are also projected to boost the market demand in the region.

Significant Vendors

GSK (UK), Kawasaki Heavy Industries, Ltd (Japan), Seiko Epson Corporation (Japan), Fanuc Corporation (Japan), OMRON Corporation (Japan), Mitsubishi Electric Corporation (Japan), Yamaha Motor Co., Ltd(Japan), Aurotek Corporation (Taiwan), Cassioli S.r.l (Italy), Daihen Corporation (Japan), Yaskawa Electric Corporation (Japan), Toshiba Machine Co., Ltd (Japan), Nachi-Fujikoshi (Japan), Stubli International (Switzerland), Denso (Japan), Engel (Austria), HIWIN (Taiwan), and Triowin (China), SIASUN (China), KUKA Aktiengesellschaft (Germany), ate the prominent vendors in the worldwide market for articulated robot market.

More Information : https://www.marketresearchfuture.com/reports/articulated-robot-market-6805

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