Robotic Arm Market Projected to Reach $13.62 Billion by 2025 ( CAGR of 4.39% Expected) Key Players Analyzed ABB Ltd., Kuka Robotics, Fanuc Corporation, Kawasaki Heavy Industries Ltd., Yaskawa America Inc.

The 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 Robotic arm market, accounting for around one-third share of the total revenue by end-user industry. 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.

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The rapid growth of end-user industries in the Asian countries is expected to boost the demand for Robotic Arm during the forecast period. Thus, it is projected to provide numerous lucrative business opportunities for the market players in the coming years.

The Robotic arm helps perform heavy duty tasks such as picking & placing, machine loading, parts transfer, and palletizing. Moreover, these mechanical arms deliver superior performance in tasks that are labor intensive, repetitive, physically enduring, and potentially dangerous for human labor. Increase in expenditure towards improving the production capabilities through the adoption of industrial robotics and robotic arms is the major factor driving the growth of the Robotic arm market. Also, the adoption of industrial automation solution such as robotics has gained traction among small and medium enterprise owners, subsequently fueling the demand for robotic arms in the past few years. As a result, the Robotic arm market is expected to generate profitable opportunities for the manufacturers during the forecast period.

The increase in emphasis over improving the production capabilities through the adoption of automated industrial robotics solutions has gained popularity in past few years. Thus, the demand for robotic arms, especially for heavy duty applications has increased across different industry verticals in the past few years. Thus, it fuels the growth of the Robotic arm market among various end-users. The robotic arm of 500-700 Kg payload capacity was valued at $5.53 billion in 2017 and is expected to reach around $7.73 billion by 2025 registering a CAGR of 4.38%.

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The automotive industry accounted for a major share in the Robotic arm market due to the rise in the adoption of industrial robotic solutions by various automotive manufacturers over the past few years. As a result, the automotive industry alone accounted for almost one-fourth of the market share by end-user industry in the global market in 2017. Further, the increase in demand for commercial and passenger vehicles, especially in the Asian market is anticipated to provide numerous opportunities for the robotic arm manufacturers in the automotive industry. Thus, the automotive industry is projected to remain dominant in the coming years.

Key findings of the Robotic arm Market:

•In terms of market share, the 500-700 Kg segment generated the maximum revenue in 2017 and is expected to grow at a CAGR of 4.38% during the forecast period.
•The automotive industry is anticipated to grow at a CAGR of 3.82% from 2018 to 2025 and reach $3.34 billion by 2025.
•Asia-Pacific is expected to witness high s CAGR growth of 5.34% from 2018 to 2025.

Key Players Robotic Arm Industry:

•ABB Ltd.
•Kuka Robotics
•Fanuc Corporation
•Kawasaki Heavy Industries Ltd.
•Yaskawa America Inc.
•Nachi Fujikoshi Corporation
•Seiko Epson Corporation
•Universal Robots A/S
•Vulcan Engineering Co.
•Comau SpA.

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Analyst Review:

The heavy payload robotic arm constitutes programmable mechanical arms that are capable of handling heavy to very heavy payload capacities at their arm wrist. Moreover, based on the robotic arm configuration, construction, and design, the arm can move within the workspace and perform various tasks. These robotic arms facilitate tasks that are repetitive, physically enduring, labor-intensive, and dangerous for human labor. The increase in expenditure by manufacturers for improving the plant production capabilities through integration of industrial robotics is expected to drive the growth of heavy payload robotic arm market. Further, the long-term benefits of robotic arms such as improved efficiency, low maintenance, consistent quality, and continuous operation among others are also anticipated to boost its adoption among small and medium enterprise owners in coming years.

The ability to handle large payload capacities by these robotic arms has resulted in their adoption across different industry verticals. For instance, the heavy payload robotic arm finds application in picking & placing, materials handling, machine loading, parts transfer, palletizing, milling robots, and materials removal to name a few applications. However, the robotic arm with very heavy payload capacity address the requirement of niche market.

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