Industrial Robotic Arms Market Pegged for Robust Expansion During 2021-2031 | Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd.

New York, According to a new market research report published by Global Insight Services Industrial Robotic Arms Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

An industrial robotic arm is a type of robot that is specifically designed for use in an industrial setting. These robots are typically used for tasks such as welding, fabricating, and assembling. Industrial robotic arms are often much larger and more powerful than other types of robots, and they are typically mounted on a fixed base or track.

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Key Trends

Some of the key trends in industrial robotic arms technology include:

1. Increased accuracy and precision: Industrial robotic arms are becoming increasingly accurate and precise, thanks to advances in sensors and actuators. This is allowing them to be used for more delicate tasks such as handling delicate electronics or delicate medical instruments.

2. Increased payload capacity: Another trend is the increased payload capacity of industrial robotic arms. This is thanks to the use of stronger and lighter materials in their construction. This means that they can now handle heavier loads, which is ideal for applications such as assembly line work or warehouse logistics.

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Key Drivers

The industrial robotics arms market is expected to grow significantly in the next few years. The key drivers of this market are increasing labor costs, shortage of skilled labor, and increasing demand for automation in various industries.

The rising labor costs across the globe are one of the major factors driving the growth of the industrial robotics arms market. The ever-increasing labor costs are making it difficult for companies to maintain their profit margins.

The second driver of this market is the shortage of skilled labor. The industries are facing a tough time finding skilled workers. This is because the skilled workers are either retiring or moving to other industries.

The third driver of this market is the increasing demand for automation in various industries. Industrial robotics arms offer a high degree of accuracy and repeatability.

Market Segments

The industrial robotic arms market is segmented by type, application, end-user, and region. By type, the market is classified into articulated, spherical, cylindrical, and others. Based on application, it is bifurcated into materials handling, cutting, processing, and others, On the basis of the end-user, it is divided into automotive, electrical, electronics, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.

Key Players

The industrial robotic arms market includes players such as Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., ABB, Mitsubishi Electric Corporation, Adept Technologies, Denso Wave Incorporated, Rockwell Automation Inc., Nachi-Fujikoshi Corp., and others.

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Reasons to buy Industrial Robotic Arms Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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