Press release
Global Articulated Industrial Robot Market: A Brief Overview of the Industry Scenario Hits a CAGR of 15.7% by 2032
Recently, Allied Market Research published an extensive report on the global articulated industrial robot market which states that the industry accounted for $21.151.1 million in 2022. The sector is expected to gather a revenue of $92.081.2 million by 2032, citing a CAGR of 15.7% from 2023 to 2032. The study classifies the landscape into various segments. Each of these segments is analyzed in detail to help companies focus on the key investment areas.The rise in usage of automation has been the primary cause of global demand for articulated industrial robot. Furthermore, articulated industrial robot market trends such as increased government measures improve the articulated industrial robot sector growth potential.
Articulated robots are intended to serve a variety of manufacturing industries by increasing productivity and lowering costs, hence addressing the demand for more competitiveness. These adaptable manipulators are quickly reprogrammed to execute a variety of tasks by using programmable motions to manipulate items, tools, components, or specialized devices.
𝑫𝒐𝒘𝒏𝒍𝒐𝒂𝒅 𝑺𝒂𝒎𝒑𝒍𝒆 𝑷𝑫𝑭 (250 𝑷𝒂𝒈𝒆𝒔 𝒘𝒊𝒕𝒉 𝑴𝒐𝒓𝒆 𝑰𝒏𝒔𝒊𝒈𝒉𝒕):
https://www.alliedmarketresearch.com/request-sample/A169870
Market dynamics
Increasing demand for automation across industries, such as manufacturing, automotive, and electronics, has significantly contributed to the growth of the landscape. Articulated robots offer high flexibility, precision, and efficiency, making them ideal for tasks that require repetitive actions or complex movements. The need to improve productivity, reduce human error, and address labor shortages also contributes to the rise in adoption of the robots. Furthermore, advancements in AI, ML, and robotics technology are enhancing the capabilities of these robots, further accelerating market growth.
How is the adoption of automation and industrial robots boosting industry?
The industrial sector is adopting automation and robotics to boost production, efficiency, and quality. These robots handle complex tasks, integrate with other technologies, and allow real-time data analysis. Moreover, automation streamlines processes like supply chain management and quality control, reducing human error. Robots perform repetitive tasks with precision, consistency, and speed, improving productivity and safety. Increased implementation of automation leads to greater customization, cost savings, and data-driven decision-making. This also fuels the expansion of the market.
𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝑭𝒐𝒓 𝑪𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒘𝒊𝒕𝒉 𝑻𝒉𝒊𝒔 𝑹𝒆𝒑𝒐𝒓𝒕:
https://www.alliedmarketresearch.com/request-for-customization/A169870
Recent events shaping the market scenario
In January 2022, ABB and HASCO started a joint venture to advance smart manufacturing in China's automotive sector. This collaboration focused on enhancing automation and promoting sustainability in the production of auto parts. The partnership resulted in the implementation of innovative manufacturing processes.
In October of the same year, ABB introduced the IRB 1010, its smallest industrial robot, offering strong payload capacity and precision. This new robot was tailored to meet the growing demand for wearable smart devices. With a 1.5 kg payload capacity, the IRB 1010 delivered the highest accuracy in its class. It also provided superior production quality and a 50% increase in payload capacity compared to similar robots on the market.
In April 2022, Comau LLC launched the N-220 industrial robot, designed with a streamlined and user-friendly structure to enhance ease of use in industrial applications. This next-generation robot was a significant addition to the company's product portfolio, highlighting advanced robotics technology. It was aimed at improving efficiency and performance on the factory floor.
Research methodology
Allied Market Research's customizable services enable businesses to delve deeper into niche markets, explore new opportunities, and gain a competitive edge in the industry. With the implementation of Porter's five forces tool and deep investigation of the in-house experts, the report ensures that the clients have access to the most reliable data and industry forecasts.
Top Players:
Competitive analysis and profiles of the major global articulated industrial robot market players that have been provided in the report include Mitsubishi Electric Automation, Inc, DENSO Robotics Incorporated, KUKA AG, Delta Electronics, Inc., Robotic Automation Systems, ABB Ltd., Omron Corporation, Kawasaki Heavy Industries, Ltd., Hirata Corporation, and Panasonic Industry Co., Ltd. Major strategies such as contracts, partnerships, expansion, and other strategies of players operating in the market are tracked and monitored.
𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬! 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐓𝐢𝐦𝐞 𝐎𝐟𝐟𝐞𝐫: 𝑵𝒐𝒗 𝟐𝟎𝟐𝟒 - 𝑫𝒆𝒄 𝟐𝟎𝟐𝟒:
https://www.alliedmarketresearch.com/checkout-final/b1347fb0c9ec8bc66b8ac30d75970cd2
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the articulated industrial robot market analysis from 2023 to 2032 to identify the prevailing articulated industrial robot market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the articulated industrial robot market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global articulated industrial robot market trends, key players, market segments, application areas, and market growth strategies.
In conclusion, the AMR report on the global articulated industrial robot market offers important insights that help companies make well-informed investment choices, enhancing their competitive edge. The data and analysis provided in the study assist businesses in identifying key focus areas, crafting strategies for global expansion, and contributing to the growth and innovation within the industry.
Read More Reports:
Rebar Robotics Market - https://www.alliedmarketresearch.com/rebar-robotics-market-A232061
Warehouse Robotics Market - https://www.alliedmarketresearch.com/warehouse-robotics-market
Robotic Welding Market - https://www.alliedmarketresearch.com/robotic-welding-market
Service Robotics Market - https://www.alliedmarketresearch.com/service-robotics-market
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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