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Industrial Robotic Arms Market worth $42.48 billion by 2030, growing at a CAGR of 12.71% - Exclusive Report by 360iResearch
Industrial Robotic Arms Market | 360iResearch
The Global Industrial Robotic Arms Market to grow from USD 18.37 billion in 2023 to USD 42.48 billion by 2030, at a CAGR of 12.71%.
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Industrial robotic arms are programmable robotic systems capable of performing various industrial tasks, including welding, assembly, painting, product inspection, and material handling. These robotic arms are designed to perform a range of tasks with precision and efficiency, often operating in manufacturing and production environments where human presence could be dangerous or where the tasks require consistency and endurance beyond human capabilities. Industrial robotic arms offer consistency & quality, increased productivity, improved worker safety, cost efficiency & safety. The growing demand for automation in the industry drives the adoption of robotic arms to increase production efficiency and quality. Further, government initiatives and investments in robot-based automation in various countries have boosted the demand for industrial robotic arms. However, the high cost of deployment for robotic systems and necessary infrastructure changes may restrain the adoption of industrial robotics arms. Further, the complexity of industrial robots necessitates specialized staff or significant training programs, adding to the operational challenges. Nevertheless, the development and integration of collaborative robots that work alongside humans without safety cages due to advanced sensors and AI is expected to produce growth prospects for the market. Moreover, rapid industrialization in emerging markets presents a significant opportunity for the expansion of robotic arm deployments.
The Americas region showcases a strong demand for industrial robotic arms, particularly in the automotive, aerospace, and healthcare sectors. The region pursues cutting-edge research and is a hub for innovative startups focused on collaborative and intelligent robotics solutions. Further presence of major technology vendors powering advancements in machine learning, AI, and collaboration between robots and human workers are shaping the industrial robotic arms market in the region. In the EMEA region, European Union countries have well-established automotive and electronics sectors that drive the consumption of industrial robotic arms. The region is also notable for its stringent regulations on machinery safety, which influences the development and features of the robotic arms marketed in Europe. Furthermore, investment in robotics research underpinned by various EU initiatives and funding programs has boosted the demand for industrial robotics arms. The Asia Pacific region is currently the fastest-growing market for industrial robotic arms, driven by manufacturing powerhouses such as China, India & Japan.Major economies in the region are investing heavily in robotics as they aim to maintain competitiveness in manufacturing and enhance production efficiency. The consumer need in this region is largely spurred by the electronics and heavy machinery sectors, which require precision and automatization to thrive.
Market Segmentation & Coverage:
This research report categorizes the Industrial Robotic Arms Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Robotic Arm Type, market is studied across Articulated, Cartesian, Cylindrical, SCARA, and Spherical or Polar. The SCARA is projected to witness significant market share during forecast period.
Based on Payload Capacity, market is studied across 3001KG & Above, 500-3000KG, and Less than 500KG. The 3001KG & Above is projected to witness significant market share during forecast period.
Based on Axes, market is studied across 1-Axis, 2-Axis, 3-Axis, 4-Axis, 5-Axis, 6-Axis, and 7-Axis. The 3-Axis is projected to witness significant market share during forecast period.
Based on Application, market is studied across Assembling & Disassembling, Cutting & Drilling, Materials Handling, and Soldering & Welding. The Cutting & Drilling is projected to witness significant market share during forecast period.
Based on End-User Industry, market is studied across Automotive, Electrical & Electronics, Food & Beverages, Metals & Machinery, and Plastics & Chemicals. The Metals & Machinery is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.36% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Industrial Robotic Arms Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial Robotic Arms Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Robotic Arms Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, Comau S.p.A., Denso Corporation, Dobot by Shenzhen Yuejiang Technology Co., Ltd., Ellison Technologies Inc., FANUC Corporation, Gridbots Technologies Private Limited, Kawasaki Heavy Industries, Ltd., Kuka AG, Lakewood Automation, MCI Robotics Pvt. Ltd., Mecademic Robotics, Mecalux, S.A., Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., Omron Corporation, OnRobot A/S, Saab AB, Seiko Epson Corporation, Servosila FZCO, Stäubli Group, Teradyne Inc., Trossen Robotics, Universal Robots A/S, and Yaskawa Electric Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Robotic Arms Market, by Robotic Arm Type
7. Industrial Robotic Arms Market, by Payload Capacity
8. Industrial Robotic Arms Market, by Axes
9. Industrial Robotic Arms Market, by Application
10. Industrial Robotic Arms Market, by End-User Industry
11. Americas Industrial Robotic Arms Market
12. Asia-Pacific Industrial Robotic Arms Market
13. Europe, Middle East & Africa Industrial Robotic Arms Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Industrial Robotic Arms Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial Robotic Arms Market?
3. What is the competitive strategic window for opportunities in the Industrial Robotic Arms Market?
4. What are the technology trends and regulatory frameworks in the Industrial Robotic Arms Market?
5. What is the market share of the leading vendors in the Industrial Robotic Arms Market?
6. What modes and strategic moves are considered suitable for entering the Industrial Robotic Arms Market?
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