Heavy Payload Robotic Arm Market Expected to Reach $13,620.96 Million by 2025 | CAGR: 4.39% - Allied Market Research
The heavy payload 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 adoption of industrial robotics and robotic arms is the major factor driving the growth of heavy payload 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 heavy payload robotic arm market is expected to generate profitable opportunities for the manufacturers during the forecast period.
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The increase in emphasis over improving the production capabilities through 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 heavy payload 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 major players in the global heavy payload robotic arm market are focusing on the new product development to gain a strong foothold in the market. The key players profiled in the report include 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., and Comau SpA.
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