Smart Robotics: The New Trend In The Heavy Payload Robotic Arm Market

The rise in investment and funding to incorporate automation solution and robots in end-user industries is the prime reason that heavy payload robotic arm market has seen exponential growth in the last couple of years. To improve efficiency, accuracy, precision, and reduce human errors, several industries are desperately opting for such robotic arms. Moreover, the high cost of labor in the regions of North America and Europe has boosted the growth of the heavy payload robotic market.

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The heavy payload robotic arm market was valued at $9,740.57 million in 2017 and is expected to reach $13,620.96 million by 2025, registering a CAGR of 4.39% from 2018 to 2025. Automotive industry dominated the heavy payload robotic arm market, accounting for around one-third share of the total revenue by end-user industry.

Today's every manufacturer of heavy payload robotic arm looks for two things: smart automation and independence from human intervention. Moreover, it should be more flexible and easier to train and setup. Several manufacturers are keen to develop cooperative robots or so-called “cobots” that can work side-by-side with humans without the need for a safety fence. Owing to in-built proximity sensors, the robotic arm automatically stops or slows down its operation to avoid collision with workers. Such smart technology integrated with robotics is the next big things in industrial robotics to handle heavy payload more effectively.

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Dominating Market Players Profiled In this Study:

•ABB Ltd.
•Kuka Robotics
•Fanuc Corporation
•Kawasaki Heavy Industries Ltd
•Yaskawa America Inc
•Vulcan Engineering Co.
•Ellison Technologies
•Apex Automation and Robotics Pty Ltd
•Nachi-Fujikoshi Corp
•Comau SpA

Analyst Says,

"The robotic arms can handle heavy payloads, which continue to gain traction among heavy-duty applications across different industry verticals. The Asia-Pacific region has witnessed a surge in shipments of industrial robots in the past few years due to increased adoption of robotics by the Asian manufacturers. Moreover, the rapid growth of end-user industries in the Asian countries is expected to boost the demand for heavy payload robotic arm during the forecast period. Thus, it is projected to provide numerous lucrative business opportunities for the market players in the coming years."

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