Articulated Robot Market Key Participants, Trends, and SWOT Analysis
Articulated robot market is majorly driven by the increase in demand from (SMEs) small and medium sized enterprises in developing economies, growing demand for electric vehicles, and wide applications in automotive and manufacturing sectors. Global articulated robot market is predicted to grow considerably in the forecast period owing to the increased adoption of automation in various end use industries. An articulated robot is the industrial robot with rotary joints. It is used in wide range of industrial activities and is mainly operated by electric motors. Articulated robot is ideal for material handling and general assembling activities in manufacturing industries.
Articulated robot market is majorly driven by the increase in demand from (SMEs) small and medium sized enterprises in developing economies, growing demand for electric vehicles, and wide applications in automotive and manufacturing sectors. Moreover, features of articulated robots, such as high durability, precise outputs for long-term applications and can performance of complex tasks in place of labor is attracting several end uses, thereby fuelling the articulated robot market. However, high installation cost for less volume production is hampering the market.
Growing need for accurate operation in assembly lines is highly in demand. Hence, manufacturers are rigorously focusing on technological advancements in the domain. Nonetheless, intense competition from (SCARA) Selective Compliance Articulated Robot Arm or Selective Compliance Assembly Robot Arm robots is challenging the market.
Articulated robot market is categorized on the basis of payload type, function, end user, and geography. Based on payload type, market is divided into up to 16.00 kg, 16.01ies is driving the market for said capacity robots.
Based on function, articulated robot market is bifurcated into dispensing, welding, handling, processing, assembly, and others. Handling function of the articulated robots is expected to hold larger share of the market due to high implementation of articulated robots in automotive sector and applications in handling heavy industrial parts. In the automotive industry, heavy components and metal sheets are required to be carried from one place to another, where articulated robots are an ideal choice.
In terms of end users, market is divided into electrical and electronics, chemicals, rubber, and plastics, automotive, pharmaceuticals and cosmetics, metal and machinery, food & beverages, precision engineering and optics, and others. Metal and machinery industry is predicted to lead the market due to increase in demand for machineries from several industries like packaging, manufacturing, and agriculture. Besides, automotive industry also accounts for substantial share of the market.
Geographically, articulated robot industry is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the market in future due to increasing adoption of these robots in industries of developing economies like China, India, South Korea, and Japan. North America also constitute to the market owing to constant technological improvements.
The leading players in articulated robot market include Comau SAP, CMA Robotics SAP, Cassioli Srl, Aurotek, Denso, Daihen, Kawasaki Heavy Industries, Engel, Fanuc, Mitsubishi Electric, Omron, Kuka, Stubli International, Toshiba Machine, Yaskawa, Nachi-Fujikoshi, Seiko Epson, and Yamaha Motor.
Firma: Million Insights
Ansprechpartner: Tom Clark
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