Articulated Robot Market - Snapshot

According to a new market report published by Transparency Market Research titled “Articulated Robot Market  – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026,” the global articulated robot market is expected to reach US$ 22,939.2 Mn by 2026. The market is projected to expand at a CAGR of 14.22% during the forecast period from 2018 to 2026. According to the report, the global articulated robot market will continue to be influenced by a range of factors such as rising applications of articulated robots across automotive and electronic manufacturing services industries and increasing use of articulated robots by many enterprises to boost factory automation in order to ramp up the production. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at above 15% through 2026.

articulated robot market

Hardware component segment is expected to be more lucrative for the global articulated robot market

The global articulated robot market is bifurcated by components into hardware, software, and services. Hardware based component segment is expected to surpass US$ 11,300.00 Mn by 2026. Articulated robots are being extensively used across all industry verticals especially across automotive, aerospace, electronics, and food & beverages around the globe, as it is used for various applications that include soldering, painting, assembly, and palletizing. Additionally, articulated robots can handle different payload applications ranging from 16Kg to 300Kg, which makes it very useful for performing various applications with higher precision and speed. Furthermore, rising trend of factory automation or “Industry 4.0” has increased the adoption of articulated robots around the globe.

High payload capacity segment is expected to dominate the articulated robot market around the globe

On the basis of payload capacity, the articulated robot market is segmented into low, medium, high, and heavy payload capacity. The high payload capacity articulated robot segment is expected to witness higher market share, due to rising demand across automated factories to deal with heavy load applications. High capacity payload articulated robots come with payload capacity of more than 300 Kg and they are also capable of performing applications such as welding, palletizing, sealing, and cutting and can handle very large amounts of payloads. These type of articulated robots are used in automated factories to perform all kinds of heavy work with greater precision, speed, and reliability, required for many industry verticals especially aerospace and automotive.

Electronic manufacturing services (EMS) industry vertical segment is expected to expand at a significant growth rate during the forecast period

On the basis of industry vertical, the articulated robot market is segmented into automotive, aerospace, electronic manufacturing services, food & beverages, medical & pharmaceutical, and others. Others industry verticals segment includes chemical and metal industry. Articulated robots can be easily used and deployed across electronic manufacturing services (EMS) and that has subsequently reduced the installation time and cost of implementation of robotic solutions. Articulated robots can handle smaller electronic components and perform various functions such as palletizing, wielding, and many more with greater precision and speed. Additionally, articulated robots also help in delivering superior repeatability and positional capabilities.

Asia Pacific to continue to hold significant share in the overall market

Asia Pacific is expected to hold high market share for articulated robots during the forecast period. The growth is mainly due to the booming articulated robot marketplace with the presence of well-established players across the region, especially across countries such as China, Japan, and India. Asia Pacific is a home to many well-established players in the articulated robot domain including FANUC CORPORATION, YASKAWA Electric Corporation, Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, Seiko Epson Corporation, and TOSHIBA MACHINE CO., LTD. Furthermore, Asia Pacific is witnessing higher adoption of articulated robots due to continuously rising electronic manufacturing services industry. Many companies across the region are innovating technologically advanced new generation articulated robots to fulfill the demand of various industries. In April 2017, Toshiba Machine Co., Ltd. started sale of their novel TVM series i.e. TVM900, TVM1200, and TVM1500 vertically articulated robots. The new robots will have a longer reach, accuracy, and higher payloads for handling various materials. Furthermore, it will also help in increasing the overall assembly productivity.

ABB LTD., TOSHIBA MACHINE CO., LTD, FANUC CORPORATION, YASKAWA Electric Corporation, and Mitsubishi Electric Corporation among others are some of the major players operating within the articulated robot market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. Various players are providing novel articulated robots to be deployed across automated factories to perform various tasks with higher speed and accuracy. Also, market players are establishing partnerships with global distributers to increase their product reach for additional revenue generation.

Articulated Robot Market - Overview

The “Articulated Robot Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026” report provides analysis of the articulated robot market for the period 2016–2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies playing a major role in the growth of the articulated robot market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue and volume (in US$ Mn and Thousand Units) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, the UK, India, China, Japan, Republic of Korea, GCC countries, South Africa, Mexico, and Brazil.

This report analyzes and forecasts the market for articulated robots at the global and regional level. The market has been forecasted based on revenue (US$ Mn) and volume (thousand units) from 2018 to 2026. The study includes drivers and restraints of the global articulated robot market. It also covers the impact of these drivers and restraints during the forecast period.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global articulated robot market. Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

Global Articulated Robot Market: Taxonomy

This research study on the global articulated robot market provides a detailed cross segment and cross country analysis based on the different segments including components, payload capacity, and industry vertical. Based on components, the market is segmented into hardware, software, and services. Based on payload capacity, the market is divided into low, medium, high, and heavy. On the basis of industry vertical, the market is segmented into automotive, aerospace, EMS, food & beverages, medical & pharmaceutical, and others.

Global Articulated Robot Market: Research Methodology

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.

Global Articulated Robot Market: Competitive Dynamics

The report includes well-established players such as ABB LTD., FANUC CORPORATION, YASKAWA Electric Corporation, Kawasaki Heavy Industries, Ltd., and Mitsubishi Electric Corporation. These players innovate novel articulated robots. For instance, in 2017, Kawasaki Heavy Industries, Ltd. announced the launch of itscompact multi-axis vertically articulated robots named “RS007N” and “RS007L.” These compact articulated robots with payload capacity of 7Kg with 6-axis will fulfill the increasing demand from the electronics as well as food industry. 

Global Articulated Robot Market Segments

Global Articulated RobotMarket, by Component

  • Hardware
  • Software
  • Services

Global Articulated RobotMarket, by Payload capacity

  • Low
  • Medium
  • High
  • Heavy

Global Articulated RobotMarket, by Industry Vertical

  • Automotive
  • Aerospace
  • EMS (Electronic Manufacturing Services)
  • Food & Beverages
  • Medical & Pharmaceuticals
  • Others

Global Articulated RobotMarket, by Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • The U.K
    • Germany
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • Japan
    • China
    • Republic of Korea
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Mexico
    • Brazil
    • Rest of South America
.