Articulated Robot Market is Expected to Reach The Value of USD 80.31 Billion by 2030

Data Bridge Market Research analyses that the articulated robot market is expected to reach USD 80.31 billion by 2030, which is USD 13.44 billion in 2022, registering a CAGR of 25.04% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Companies desiring an efficient business growth should adopt market research report like Global Articulated Robot Market which seems to be very imperative in this rapidly changing marketplace. While formulating this market report, absolute industry insight, talent solutions, practical solutions and use of technology are merged together very well to advance user experience. The business report brings to notice many points regarding Articulated Robot industry and market. These are mainly explained with respect to market definition, market segmentation, competitive analysis, and research methodology as major topics of the consistent Articulated Robot report. It also gives details about market drivers and market restraints which aids businesses in guessing about reducing or increasing the production of specific product.

A thorough market study and investigation of trends in consumer and supply chain dynamics covered in the wide-reaching Articulated Robot market report helps businesses draw the strategies about sales, marketing, and promotion. Besides, market research performed in this industry report puts a light on the challenges, market structures, opportunities, driving forces, and competitive landscape for the business. It assists in obtaining an extreme sense of evolving industry movements before competitors. If businesses are willing to gain competitive advantage in this swiftly transforming marketplace, then opting for such market research report is highly suggested as it gives a lot of benefits for a thriving business.

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In last few years, the articulated robot has registered significant growth during the forecast period due to application in several areas ranging from assembling any level of complex components to paint shop applications in automotive industry. The significant use of articulated robots in oil and gas, aerospace and various other industries that generally manufacture large parts using articulated robots, has helped in expansion of market during the forecast period.

The articulated robots are those robot which have rotational joints and up to ten or more axes. The rotary joints significantly expand the robot's capabilities and allow a full range of motion because they can rotate over many planes. The movement pattern and accuracy nearly resemble a human arm. Articulated robots are exceptionally durable, can achieve complex task on behalf of humans and produce detailed outputs for long-term processes.

Drivers

Growing demand for industrial robots to perform production-related activities autonomously

The rising demand for industrial robots is anticipated to drive the growth of the articulated robots market during the forecast period. Industrial robots are machines programmed or mechanical systems to autonomously perform activities related to production in industrial settings. For instance, according to the data which has published in 2022 by 'The International Federation of Robotics, the actual installation of industrial robots reached around 4.35 million units, with a growth of 13 percent in 2021 as compared to 2020. It is anticipated to reach around 5.18 million units in 2024. Thus, growing demand for industrial robots is likely to drive the growth of the market.

Rising usage of articulated robot in automotive industry

Articulated robots are highly used in the automotive industry because they involve an extensive variety of tasks such as assembly and manufacturing which involve operations such as painting, welding, cutting and many other. Furthermore, the applications of articulated robots play an important role in increasing efficiency, productivity, production and reducing energy consumption in the automotive industry. Hence, increasing usage of articulated robot in automotive industry wil likely to boost the market growth.

Global Articulated Robot Market: Competitive Analysis

This report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies. The competitive analysis helps the vendor to define an alignment or fit between their capabilities and opportunities for future growth prospects.

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Articulated Robot Market including

ABB (Switzerland), FANUC Corporation (Japan), OMRON Corporation (Japan), Toshiba Corporation (Japan), YASKAWA ELECTRIC CORPORATION. (Japan), Universal Robots (Denmark), Rockwell Automation, Inc. (U.S.), Robert Bosch GmbH (Germany), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), NACHI-FUJIKOSHI CORP. (Japan), Seiko Epson Corporation (Japan), KUKA AG (Germany), DENSO CORPORATION (Japan), Aurotek Corporation (Taiwan), Yamaha Motor Co. Ltd (Japan), DAIHEN Corporation (Japan), Sepro Group (Germany).

This report also comprises of strategic profiling of key players in the market, systematic analysis of their core competencies, and draws a competitive landscape for the market. This research study lends a hand to the purchaser in comprehending the various drivers and restraints with their effects on the market during the forecast period. The report has been prepared based on the market type, size of the organization, availability on-premises and the end-users' organization type. Articulated Robot report puts across the idea of high level analysis of major market segments and identification of opportunities.

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An exceptional Articulated Robot market research report can be structured well with the blend of top attributes such as highest level of spirit, practical solutions, committed research and analysis, innovation, talent solutions, integrated approaches, most up-to-date technology and dedication. Further, strategic planning supports in improving and enhancing the products with respect to customer's preferences and inclinations. The report comprises of all the market shares and approaches of the major competitors or the key players in this industry. Moreover, this market report also brings into the focus various strategies that have been used by other key players of the market or this industry.

Major Regions:

Geographically, this report split into several key regions, with sales (MT), Revenue (Million USD), market share, and growth rate for these regions, covering

**North America (United States, Canada and Mexico)

**Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

**Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

**South America (Brazil, Argentina, Colombia, and Rest of South America)

**Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Asia-Pacific dominates the articulated robot market in terms of revenue and market share owing to the low cost of labour and production, which supports the numerous manufacturers to set up their production plants. Moreover, automating the facilities of manufacturing plant is another kmajr factor which has amplified the demand for the articulated robots and will further boost the growth of the in this region during the forecast period.

North America will continue to project the highest growth rate during the forecast period of 2023-2030 due to the high acceptance of the automation in production and increasing expansion in the automation in this region.

What Are The Market Factors Explained in the Report?

Key Strategic Developments: The study includes the major strategic developments of the market, comprising R&D, new product launch, M&A, agreements, partnerships, collaborations, joint ventures, and regional growth of the key competitors functioning in the market on a global and regional scale.

Key Market Features: The report analyzed key market features, comprising price, revenue, capacity, supply/demand, capacity utilization rate, gross, production, production rate, market share, consumption, import/export, cost, CAGR, and gross margin. Besides, the report also offers a comprehensive study of the key market dynamics and their latest trends, along with relevant market segments and sub-segments.

Analytical Tools: The Global Articulated Robot Market report includes the accurately studied and analyzed data of the key industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and ROI analysis have been used to analyze the growth of the key players functioning in the market.

Some Major Points in TOC:

Chapter 1. Report Overview

Chapter 2. Global Growth Trends

Chapter 3. Market Share by Key Players

Chapter 4. Breakdown Data by Type and Application

Chapter 5. Market by End Users/Application

Chapter 6. COVID-19 Outbreak: Articulated Robot Industry Impact

Chapter 7. Opportunity Analysis in Covid-19 Crisis

Chapter 8. Market Driving Force

And Many More…

Check The Complete Table of Content @ https://www.databridgemarketresearch.com/toc/?dbmr=global-articulated-robot-market

Articulated Robot Market: Key Highlights

CAGR of the market during the forecast period.
Detailed information on factors that will assist market growth.
Estimation of market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behaviour
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of market vendors
Reasons for Buying this Report

**This Articulated Robot report provides pin-point analysis for changing competitive dynamics

**It provides a forward looking perspective on different factors driving or restraining Articulated Robot market growth

**It provides a six-year forecast assessed on the basis of how the Articulated Robot market is predicted to grow

**It helps in understanding the key product segments and their future

**It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

**It helps in making informed business decisions by having complete insights of Articulated Robot market and by making in-depth analysis of market segments

Thanks for reading this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

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