Heavy Payload Robotic Arm Market

Heavy Payload Robotic Arm Market - An Overview

The global heavy payload robotic arm market is expected to witness strong growth during the forecast period between 2021 and 2031. 

A heavy payload robotic arm refers to a mechanical, programmable arm that is used to carry large loads, which are difficult to achieve using a traditional arm because of capacity constraints.

Some of the features of heavy payload robotic arms include longer operational life and improved heat dissipation. This equipment also provides a higher amount of torque.

These benefits help achieve improved overall efficiency, in turn leading to increased product demand.

The COVID-19 pandemic negatively impacted the growth in the overall heavy payload robotic arm market. With governments imposing strict social distancing regulations and lockdowns in a bid to contain the spread of the virus, production facilities were forced to shut down temporarily or permanently.

This affected the demand for heavy payload robotic arms in various industries which, in turn, impacted the overall heavy payload robotic arm market.

Heavy Payload Robotic Arm Market - Trends and Opportunities

Rising demand for collaborative robots in different industries is the key growth driver for the global heavy payload robotic arm market.

Also, increasing adoption of automation, particularly in the electronics industry is expected to fuel the growth in the global heavy payload robotic arm market, in the coming years.

Heavy payload robotic arms have been extensively deployed in the assembly line of a production unit which is projected to help bolster the overall heavy payload robotic arm market, in the years ahead.

Increasing government expenditure on artificial intelligence systems is anticipated to propel the overall heavy payload robotic arm market, in future.

Growing need to conserve non-renewable energy sources could lead to increased product demand which, in turn, would help in the growth of the heavy payload robotic arm market.

The automotive end-user segment is expected to make the largest contribution to the overall heavy payload robotic arm market owing to growing adoption of industrial automation by various manufacturers.

Heavy Payload Robotic Arm Market - Competitive Landscape

The global heavy payload robotic arm market is extremely competitive, with the presence of several well-established players, many of whom are expected to account for a large share in the overall market, in future.

Research and development activities to produce improved quality of products could be a key growth strategy for the leading heavy payload robotic arm market, in the coming years.

Growth strategies such as novel product launches could help well-established heavy payload robotic arm market players gain a competitive edge over others.

In 2020, Switzerland-based market player ABB launched a new industrial robot named IRB 1300, which has proven beneficial for consumers in lifting heavy, complex-shaped loads.

Collaborations with smaller players could help prominent heavy payload robotic arm market players expand their market presence and increase their revenue shares.

A few leading players in the global heavy payload robotic arm market include ABB, Vulcan Engineering Co., Fanuc Corporation, Ellison Technologies, and KUKA AG.

Heavy Payload Robotic Arm Market - Regional Assessment

North America is expected to be the dominant region in the global heavy payload robotic arm market because of the availability of developed infrastructure facilities in countries such as US and Canada as well as increased adoption of automation for different purposes in these countries.

Asia Pacific is expected to offer lucrative growth opportunities for the global heavy payload robotic arm market owing to rising urbanization and industrialization witnessed in countries such as India.

Europe is anticipated to witness strong growth in the overall heavy payload robotic arm market due to increasing need for improved overall efficiency in different industries in countries such as UK and Germany.

Other regions of the world such as Middle East and Africa and Latin America are expected to witness moderate in the global heavy payload robotic arm market, in the coming years.