Global Articulated Robots Market is estimated to reach USD 25.6 Billion in 2024

Posted by Manik on January 15th, 2020

 Articulated Robots Market: Summary

The Global Articulated Robots Market is estimated to reach USD 25.6 Billion in 2024 at a CAGR of 15.8%. Adoption of Industrial Internet of Things (IIOT) technology is expected to drive the articulated robots market during the forecast period. However, High initial investment cost is expected to restrain the market during the forecast period. Open automation architecture is expected to become an opportunity for articulated robots market.

Articulated robot is a robot which has rotary joints. Number of rotary joints can vary from two to ten or more. Articulated robots enable articulated and interpolated movement to any extent within the work area. Some key players in articulated robots market are FANUC Corp., Yaskawa Electric Corp., ABB Ltd., Kawasaki Heavy Industries Ltd and Nachi-Fujikoshi Corp. among others.

Articulated Robots Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global articulated robots market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of axis, the market is segmented into 4- axis, 5- axis, 6- axis, and 7- axis. By component, the articulated robots market is segmented into hardware, software, and services. By load capacity, the articulated robot market is segmented into low, medium, high, and heavy. By application, the articulated robots market is segmented into material handling, assembling, welding, molding, and others. By end use industry, the articulated robots market is segmented into automotive, aerospace, chemical, consumer goods, electronics, energy, healthcare, manufacturing, and others.

Articulated Robot Market: Report Scope

The report on the articulated robots market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Key Companies Covered

• FANUC Corp. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• Yaskawa Electric Corp.
• ABB Ltd.
• Kawasaki Heavy Industries Ltd
• Nachi-Fujikoshi Corp.
• DENSO Corporation
• KUKA AG
• Mitsubishi Electric Corporation
• Seiko Epson Corporation
• Stäubli International AG
• Other Key Companies

Articulated Robots Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Articulated Robots Market by Axis

• 4- Axis
• 5- Axis
• 6- Axis
• 7- Axis

Articulated Robots Market by Component

• Hardware
  • Controller
  • Arm
  • End Effector
  • Drive
  • Sensor
• Software
• Services
  • Managed
  • Professional

Articulated Robots Market by Load Capacity

• Low
• Medium
• High
• Heavy

Articulated Robots Market by Application

• Material Handling
• Assembling
• Welding
• Molding
• Others

Articulated Robots Market by End Use Industry

• Automotive
• Aerospace
• Chemical
• Consumer Goods
• Electronics
• Energy
• Healthcare
• Metal
• Others

Articulated Robots Market by Region

• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • UK
  • Spain
  • Rest of Europe
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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