The articulated robot market is garnering substantial traction worldwide. The market growth attributes to the advantages of articulated robots helping to reduce the overall production cost. Due to the scalable flexibility, it is easier to do process changeovers with articulated robots. Moreover, the rising adoption of articulated robots in small and medium enterprises escalates market growth.
According to Market Research Future (MRFR),
the global articulated robot market valuation is projected to grow at an
impressive CAGR throughout the review period (2018 – 2023). The pandemic is
accelerating the digital transformation, promoting social distancing. Wherever
the epidemic is impacting automation, distinct technology areas, ranging from
5G, cloud/edge, and artificial intelligence to articulated robots, are growing
significantly in response to the COVID 19impacts on business.
Additionally, the industrial revolution 4.0,
along with the increasing demand for automation across industries such as
automotive, aerospace, EMS (electronic manufacturing services), and
pharmaceuticals & cosmetics, boost the articulated robot market share.
Conversely, high initial costs and
complexities involved in the development of articulated robots and their
installation are major factors projected to impede market growth. Nevertheless,
growing applications of articulated robots in the autonomous warehouse and
logistics industry would support the market growth throughout the review
period.
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Global Articulated Robot
Market - Segmentation
The report is segmented into five dynamics;
By Component :
Software, Hardware, and Services.
By Payload
Capacity : Low,
Medium, High, and Heavy.
By
Application : Welding,
Material Handling, Load/Unload, Assembly, Bin Picking, Processing, Painting,
Washing, and others.
By
Industry Vertical : Aerospace,
Automotive, Food & Beverages, Chemicals, Metals & Machinery, Rubber,
& Plastics, Pharmaceuticals & Cosmetics, Precision Engineering &
Optics, and others.
By Regions
: Asia Pacific, Americas, Europe, and
Rest-of-the-World.
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Global Articulated Robot
Market - Regional Analysis
The Asia Pacific region dominates the global
articulated robot market. The market
growth attributes to the strong presence of several notable players and
well-established development centers, allowing advances in robotics and the
early uptake. Besides, the growing industrialization and production drive the
articulated industrial robot market. Moreover, rapid economic growth and
increased R&D activities drive regional market growth.
Rapidly emerging APAC countries, such as India
and China, account for a considerable share in the regional market. With its
vast investments in the development of articulated robotics and the
manufacturing processes, India demonstrates the maximum potential to grow
during the assessment period. Furthermore, the rising demand for new autonomous
technology from the burgeoning automotive and aircraft sectors fosters the
growth of the regional market.
North America stands second in the global articulated
robot market. The market growth is driven by the increasing development in
automation and the high adoption of automation in production units.
Additionally, the growing demand for the articulated robot from the logistics
industry propels the growth of the market. Besides, the increasing focus on
enhancing communication capabilities, especially for the defense sector in the
region, pushes the articulated robot market size.
Major Players:
Players active in the global articulated robot
market are Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), ABB
(Switzerland), Mitsubishi Electric Corporation (Japan), Seiko Epson Corporation
(Japan), Kawasaki Heavy Industries, Ltd (Japan), OMRON Corporation (Japan),
KUKA Aktiengesellschaft (Germany), Toshiba Machine Co., Ltd (Japan), Aurotek
Corporation (Taiwan), Cassioli S.r.l (Italy), Yamaha Motor Co., Ltd(Japan),
Denso (Japan), Engel (Austria), Daihen Corporation (Japan), Stubli
International (Switzerland), SIASUN (China), Nachi-Fujikoshi (Japan), GSK (UK),
Triowin (China), and HIWIN (Taiwan), among others.
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1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Payload Capacity
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain Of Global Articulated Robot Market
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