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MARKET OVERVIEW:

The global articulated robot market, valued at USD 10.9 billion in 2024, is projected to reach USD 21.9 billion by 2033, growing at a CAGR of 7.63%. This growth is driven by the rising adoption of Industry 4.0, technological advancements, and increased demand from industries like automotive. The need for improved operational efficiency and the reduction of labor costs are key factors propelling the market.

STUDY ASSUMPTION YEARS:

• BASE YEAR: 2024
• HISTORICAL YEAR: 2019-2024
• FORECAST YEAR: 2025-2033

ARTICULATED ROBOT MARKET KEY TAKEAWAYS:

• The market size in 2024 stands at USD 10.9 billion, with a forecasted value of USD 21.9 billion by 2033.
• The global articulated robot market is expected to grow at a CAGR of 7.63% from 2025 to 2033.
• Increasing adoption of Industry 4.0 technologies is driving market growth.
• Rising labor costs and demand for automation solutions are key growth drivers.
• Major sectors benefiting from articulated robots include automotive, electronics, and manufacturing.
• North America dominates the market, followed by Europe, with strong growth seen in the automotive and industrial sectors.

MARKET GROWTH FACTORS:

Technological Advancements:

The change in AI and sensor technology has powered articulated robots to make them effective and versatile. Innovations such as the making of soft and vacuum grippers for handling fragile products are nurturing demand in a plethora of industries, particularly in areas where precision is demanding. It is expected that these advancements will cut operational costs and make the machinery available for small and medium enterprises.

Rising Labor Costs:

With labor costs rising worldwide, articulated robots are increasingly being used to automate repetitive jobs. Robots bestow accuracy and precision while eliminating human error and maintaining a steady production rate. Automation, especially in the European and Asia-Pacific regions, is fast gaining momentum amid soaring labor costs, thus arresting the attention of robots.

Growth in Electric and Autonomous Vehicles:

The ever-growing production of electric and autonomous vehicles is significant in driving articulated robot demand due to the need for precision assembly of special components like battery packs and electric drivetrains. In automotive manufacturing, precision handling of complex parts is essential, thus articulating robots' significance as one of the key technologies in the automotive industry.

MARKET SEGMENTATION:

• By Payload:
  • Upto 16 Kg: Light-duty robots suited for small parts handling and assembly tasks.
  • 16 to 60 Kg: Mid-range payload robots used in general industrial applications, including assembly and welding.
  • 60 to 225 Kg: Heavy-duty robots designed for high-load handling in industries like automotive manufacturing.
  • More Than 225 Kg: Ultra-heavy payload robots used in specialized applications requiring large-scale lifting and handling.
• By Function:
  • Handling: Robots designed for material handling, including pick and place operations.
  • Welding: Robots used in automated welding applications, mainly in automotive and manufacturing sectors.
  • Dispensing: Robots employed for dispensing materials in precise amounts, such as adhesives or sealants.
  • Assembling: Robots that assemble products by placing components in the correct position.
  • Others: Includes robots used for inspection, packaging, and other specialized tasks.
• By Type:
  • 4-Axis or Less: Robots with basic movement and flexibility, used for simple tasks.
  • 5-Axis: Robots with enhanced flexibility and movement, used in tasks requiring a higher degree of precision.
  • 6-Axis or More: Advanced robots offering full flexibility and precision for complex tasks, commonly used in high-end manufacturing.
• By Component:
  • Controller: The robot's brain, responsible for interpreting commands and controlling movements.
  • Arm: The physical part of the robot that performs actions like handling and moving objects.
  • End Effector: The tool or device attached to the robot's arm, designed for specific tasks like welding or gripping.
  • Drive: The mechanical system that powers the robot’s movements.
  • Sensor: Devices used to provide feedback on the robot’s position and environment.
  • Others: Includes ancillary components that contribute to the robot’s functionality.
• By End Use Industry:
  • Automotive: Widely used for assembly, welding, and material handling in car manufacturing.
  • Electrical and Electronics: Employed for precise handling and assembly of electronic components.
  • Chemicals, Rubber and Plastics: Used for tasks such as handling and dispensing chemicals and plastics.
  • Metal and Machinery: Employed for welding and handling heavy metal parts.
  • Food and Beverages: Robots assist in packaging, sorting, and processing food items.
  • Precision Engineering and Optics: Used for precision assembly and handling of delicate optical equipment.
  • Pharmaceuticals and Cosmetics: Articulated robots handle sensitive manufacturing and packaging tasks in these industries.
  • Others: Includes various applications in sectors like aerospace and energy.
• Breakup by Region:
  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

REGIONAL INSIGHTS:

The North American articulated robot market is led by manufacturing technology advancements, high investments in automation, and significant demand from the automobile and electronics industries. Thus, the focus of this region on Industry 4.0 technologies and automation solutions propels further the growth of this market.

RECENT DEVELOPMENTS & NEWS:

Articulated robots are significantly driven by electric vehicle and autonomous vehicle production. The global EV registration rose by 35% in 2023, thus increasing the demand for robots in vehicle assembly. These robots are essential for precision handling of specialized components, including battery packs and electric drivetrains, thus accelerating market growth.

KEY PLAYERS:

• ABB Ltd.
• American Robot Corporation
• Aurotek Corporation
• Denso Wave Incorporated
• Fanuc Corporation
• Kawasaki Heavy Industries Ltd.
• Kuka Aktiengesellschaft (Midea Group)
• Mitsubishi Electric Corporation
• Nachi-Fujikoshi Corp.
• Nimak GmbH
• Seiko Epson Corporation
• Yaskawa Electric Corporation

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