Robotic Arm Market Report Includes Dynamics, Products, and Application 2023 - 2032

Global robotic arm market was valued at USD 26.24 billion in 2021 and is expected to reach USD 74.35 billion by 2029, registering a CAGR of 13.90% during the forecast period of 2022-2029.

When compared to people in daily activities, the robotic arm plays a crucial part in the many end-user sectors for successfully executing the intended task. The end-effectors, sensors, actuators, and controllers are all mounted on these arms. These robotic arms assist in doing industrial activities that might be dangerous for humans. The development and expansion of technology also made it possible to work longer hours, which are necessary for lowering maintenance. Additionally, the heavy payload robotic arm aids in performing a variety of procedures as well as carrying huge payloads at the arm's wrist. The robotic arm functions in accordance with its payload capacity, which rises in accordance with the task.

Government funding on artificial intelligence systems has been a key contributor in the expansion of the market for large payload robotic arms. The agencies may cut costs, save money, and streamline procedures thanks to intelligent automation. Utilizing large payload robotic arm applications for automation in various industries is requiring significant system investment. Additionally, the trend towards fuel conservation in an effort to protect non-renewable energy sources is encouraging the use of fuel-saving technologies that boost the economy. Thus, this is what is fueling the heavy payload robotic market's expansion.

The market for big payload robotic arms is constrained, nonetheless, by their high cost of acquisition. Costs associated with the industrial robotic arm, which range from $25,000 to $400,000 depending on payload capacity, prevent many businesses from affording to buy them, which has a restraint on the market.

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Additionally, the COVID-19 epidemic had a significant impact on the hotel, tourism, manufacturing, and construction sectors. Manufacturing operations were suspended or limited. Globally, supply networks for the construction and transportation industries were disrupted. This resulted in a decrease in both the production and market demand for heavy payload robotic arms, which restrained the market's expansion. On the other hand, businesses have steadily

they started producing and providing services as usual. As a result, high payload robotic arm firms are anticipated to restart operations at full capacity, which is anticipated to aid in the market's recovery by the end of 2021.

On the other hand, a scarcity of skilled labourers in several industrialised nations is allowing the market to create new opportunities. Because there is a shortage of trained labour and an increase in automation investment, activities may be completed in less time, which increases the use of robotic arms with large payloads for heavier tasks and creates new market opportunities.

Type, payload capacity, end user, and region are the segments used to divide the heavy payload robotic arm market. The market can be broken down into types such as articulated, Cartesian, SCARA, cylindrical, and others. The market is segmented into four groups based on payload capacity: 500-700 kg, 701-1,000 kg, 1,001-3,000 kg, and 3,001 kg and above. The market is segmented by end user into automotive, machinery,

Segmentation:
On the basis of type, the robotic arm market is segmented into conventional, collaborative, and others. On the basis of axis type, the robotic arm market is segmented into Single axis robot arm, Multi axis robotic arm (2-axis, 3-axis, 4-axis, 5-axis, 6-axis and others. On the basis of payload capacity, the global Robotic arm market is segmented into Less than 500 kgs, 500 kgs to 3000 kgs, more than 3000 kgs, and others. On the basis of Product, the global Robotic arm market is segmented into Articulated Robot Art, Cartesian Robot Arm, Cylindrical Robot Arm, Delta Robot Arm, Polar or Spherical Robot Arm, SCARA Robot Arm, and Others.

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Geography:
On the basis of region, the global Robotic arm is segmented into North America, Middle East & Africa, Europe, Asia Pacific, and South America. Asia Pacific is projected to capture a substantial revenue share in the global Robotic arm market over 2022-2030. The growth is attributable to the existence of multiple manufacturers and rise of the industrial revolution in India and China.

Company Profiles:
The key market players in the global robotic arm market are ABB, Yaskawa, Omron Adept Technologies, UC Berkley, Stäubli, DENSO Robotics, EVS Tech Co. LTD., FANUC Robotics, Kuka AG, Universal Robots (Teradyne), Dobot, Epson, Flexiv, Gridbots, Apex Automation and Robotics, Arduino, Carbon Robotics, Dürr, Kawasaki Robotics, Kinova Inc, Lynxmotion, MakerArm, MEBO robot, Mecademic, Mitsubishi Electric, Niryo, Robotnik, Schunk GmbH, TM Robotics, VEX, Yamaha Robotics, and Others .

Key Benefits For Stakeholders

The report provides an extensive analysis of the current heavy payload robotic arm market trends and future estimations.
Extensive analysis of heavy payload robotic arm is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global heavy payload robotic arm market forecast analysis from 2021 to 2030 is included in the report.
The key market players within the global market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global heavy payload robotic arm industry.

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