Press release
Heavy Payload Robotic Arm Market Industry Overview, Supply Chain and Forecast 2030
Robotic arms have become indispensable assets in a wide array of industries, revolutionizing the way tasks are accomplished by offering unparalleled efficiency and precision compared to human counterparts. Comprising essential components such as controllers, actuators, sensors, and end-effectors, these mechanical marvels are designed to cater to diverse applications across sectors.The significance of robotic arms becomes apparent in scenarios that demand repetitive actions, stringent precision and accuracy, heightened efficiency, consistent quality, or involve tasks considered labor-intensive or hazardous for human involvement. By taking on these responsibilities, robotic arms not only enhance productivity but also contribute to a safer working environment.
Technological advancements have further propelled the capabilities of robotic arms, allowing for extended working hours while minimizing maintenance and service requirements. Among the various types, heavy payload robotic arms stand out for their ability to handle substantial loads at the arm wrist, enabling them to perform a multitude of operations across different domains. This versatility becomes especially crucial as industries evolve, and specialized tasks emerge, prompting the need for tailor-made solutions.
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The global heavy payload robotic arm market size was valued at $11.4 billion in 2020, and is expected to reach $19.6 billion by 2030, with a CAGR of 6.4% from 2021 to 2030.
The major factor that drives the heavy payload robotic arm market growth of the heavy payload robotic arm is the rise in regulations toward saving the fuel to save the non renewable source of energy that is letting to the reception of the frameworks that saves fuel and gives the economy.
Consequently, this is liable for driving the heavy payload automated market. In addition, the growth in government spending over the artificial intelligence systems has led to rise in regulations toward adoption of these robots in different industries. The intelligent automation helps the agencies in reducing costs, saving costs, and simplifies the processes. Utilizing the applications of automation by heavy payload robotic arm in different industries lets to huge investment over the systems.
As the payload capacity of robotic arms continues to increase, they address the requirements of niche markets and application-specific tasks, showcasing the adaptability and scalability of these robotic systems. With their ongoing development and integration into various sectors, robotic arms are poised to play an even more pivotal role in shaping the future of automation and industrial processes.
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Segmentation Based On:
The heavy payload robotic arm market is segmented on the basis of type, payload capacity, end user and region. On the basis of type, the market is divided into articulated, Cartesian, SCARA, cylindrical and others. By payload capacity, the market is divided into 500-700 Kg, 701-1,000 Kg, 1,001-3,000 Kg, and 3,001 Kg & above. By end user, the market is divided into automotive, machinery, mining, and others.
Regional Analysis:
Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global heavy payload robotic arm market share, and LAMEA is anticipated to secure a leading position during the forecast period.
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Key Players:
The major players profiled in the market include ABB, Apex Automation and Robotics Pty Ltd, Ellison Technologies, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Nachi-Fujikoshi Corp., Stellantis NV(Comau), Vulcan Engineering Co. and Yaskawa America, Inc.
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