Articulated Robots Market Size, Share & Industry Analysis, By Function (Handling, Welding, Dispensing, Assembly, Processing, Others), By Industry (Automotive, Electrical & Electronics, Chemicals. Rubbers & Plastics, Metal & Machinery, Food & Beverages) And Regional Forecast, 2024-2032

An articulated robot has a robot-like arm with rotating joints that can conduct accurate movements over and over again. material handling, assembling, sealing, welding, cutting, picking, spraying, painting & machine tending are just a few of the applications for such robots in the manufacturing industry. These robots have the smallest of three rotary joints in their arms. Industrial manufacturing has become much faster and more precise because of these articulated robots.

Industry benefits from articulated robots because they can handle things that are too heavy or unsafe for humans to handle, and they can operate for longer periods of time with less rest than people. Articulated robots are extremely long-lasting, create detailed outputs for long-term procedures, and can do complex tasks in humans' place. Another important element pushing the deployment of articulated robots is the growing concern about worker safety. The use of such robots also aids in the reduction of operational costs, production and manufacturing costs, and raw material waste.

The articulated robots provide more exact outputs than manual labor, their use in manufacturing has resulted in an increase in product quality. Factors such as rising funds for industrial automation, rising demand from SMEs in emerging nations due to an increase in demand for precise assembly line operation, increased mechanization and increased investment in the automation industry, and the growing demand for industrial robots are just a few of the factors expected to boost the growth of the articulated assembly line.

The use of an articulated robot has grown significantly in recent years, with applications ranging from paint shop applications in the automotive industry to assembly any level of sophisticated components. The extensive use of articulated robots in aerospace, oil and gas, and other industries that frequently create massive parts with articulated robots has benefited the market's growth. As a result, articulated robots are utilized to yield in bulk with greater precision and at a faster rate, enhancing manufacturing efficiency, reducing human error and effort, and improving end product quality.

Key Market Driver -

• Growing Demand From Smes In Developing Countries

Key Market Restraint -

• High Overall Installation Cost For Low – Volume Production Applications

Key Players Covered:

Key players operating in the global articulated robots market are include ABB Ltd., KUKA AG, Mitsubishi Electric Corp., FANUC Corporation, Kawasaki Heavy Industries Ltd., DENSO WAVE INCORPORATED, OMRON ADEPT TECHNOLOGIES, INC., NACHI-FUJIKOSHI CORP., Yaskawa Electric Corporation, and SEIKO EPSON CORPORATION.

Regional Analysis

North America is anticipated to witness strong growth over forecast period. Owing to the growth of automation and a high adoption of automation in manufacturing. Modern manufacturing facilities in North America have relied on new technologies and innovations to generate higher-quality products at faster speeds and lower costs. They are integrating more sophisticated software and hardware to boost their manufacturing capacities in order to thrive in the current competitive climate. Industrial robots, such as articulated robots, provide manufacturers in North America with a slew of tangible benefits, including lower operational costs and higher material throughput.

Europe is expected to exhibit substantial growth in near future owing to the rise in demand in Food & Beverages, pharmaceuticals & cosmetic industry. The sudden growth in healthcare sector, as well as widespread adoption of advance technology in manufacturing process has further fuelled the market. Also, the growth in usage of these robots in region's industrial, commercial, and transportation sectors, will propel the market upwards. Additionally, the presence of major key players like ABB is further stimulating the growth of articulated robot market in this region.

Asia Pacific is projected to witness the highest CAGR in the forecast period. The boom in the articulated robot market is mostly attributed to the presence of well-established competitors across the region, particularly in nations like China, Japan, and India. yaskawa electric corporation, fanuc corporation, , mitsubishi electric corporation, kawasaki heavy industries, ltd, toshiba machine co ltd, & seiko epson corporation are just a few of the well-known competitors in the articulated robot market in asia pacific. Additionally, the low labor costs and low production costs helps a variety of industries establish manufacturing facilities. Furthermore, manufacturers have adopted automation of manufacturing plant skills as a significant trend, which has boosted demand for articulated robots, which will further support the growth of the articulated robot market in the area during the forecast period.

The Middle East and Africa is expected to witness strong growth. Due to adoption of latest technologies in automotive, electrical industry is accelerating the demand for articulated robots. Due to rapid increase industrialization, the manufacturers require some advance robots. Therefore, these robots consists of functioning like welding, handling, assembly, dispensing & processing is further stimulating the market growth in the region.

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Segmentation

Key Industry Developments

• In January 2020 - Stäubli International AG partnered with Sepro Group to produce a Model 6X-60 6-axis robot and a 3-axis Success 5 unit at Swiss Plastics Expo 2020. It is designed to serve injection-molding machines with up to 100 tons of clamp, it has a maximum payload capacity of 9 kg and an operating radius of up to 920 mm.


• In July 2020- ABB Limited’s new 3D quality inspection (3DQI) robot cell, which is capable of detecting defects of less than half the width of a human hair and imperceptible to the naked eye, significantly accelerates the production process by providing fast, accurate testing to make metrology easier and less time consuming.