Articulated Robot Market: Exponential Growth and Trends Projection for 2024-2029

"The Surge in Articulated Robot Market Size - Projected Growth and Key Influences

What Is The Projected Market Size Of The Global Articulated Robot Market And Its Growth Rate?
The Articulated Robot market has been experiencing significantly robust growth in recent years.
• The market was valued at $17.87 billion in 2024 and projected to increase to $20.59 billion in 2025, recording a compound annual growth rate (CAGR) of 15.2%.
• Factors fuelling this growth include manufacturing sector growth, increased adoption by the automotive industry, the rise of electronics and semiconductors, a focus on efficiency, and applications in the medical and healthcare sectors.
• Over the forecast period, the market size is anticipated to spike, reaching $36.92 billion in 2029, with a CAGR of 15.7%.
• This rapid surge is due to factors such as regulatory support and safety standards, the growth of smart factories, the evolution of the automotive industry, energy efficiency and sustainability, as well as the uptake of robotics by SMEs.

What Is Driving The Growth In The Articulated Robot Market?
The growth of the articulated robots market is largely propelled by increasing demand for industrial robots, which are mechanical systems programmed to perform autonomously in industrial settings. Particularly, articulated robots, which bear a resemblance to human limbs, are employed in a variety of industrial applications. For instance, in September 2024, according to a report by the International Federation of Robotics, 4,281,585 units were operating in factories globally, a 10% increase from the previous year. By region, 70% of all newly deployed robots in 2023 were installed in Asia, followed by 17% in Europe, and 10% in the Americas. Consequently, this spike in demand for industrial robots is igniting the growth of the articulated robot market.

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Who Are the Key Players Driving Articulated Robot Market Growth?
Key players in this industry include:
• ABB Ltd.
• FANUC Corporation
• Kawasaki Heavy Industries Ltd.
• KUKA AG
• Omron Adept Technology Inc.
• Mitsubishi Electric Corporation
• Seiko Epson Corporation
• Denso Wave Incorporated
• Nachi-Fujikoshi Corp.
• Yaskawa Electric Corporation
• Aurotek Corporation
• Stubli International
• ST Robotics
• Toshiba Machine Co. Ltd.
• Yamaha Motor Co. Ltd.

What Are The Key Trends In The Articulated Robot Market?
Key Trends in the Articulated Robot Market include:
• Industry 4.0 and automation
• Collaborative Robotics
• Healthcare applications
• Food and Beverage Industry
• Artificial Intelligence Integration

What Are The Segments Of The Global Articulated Robot Market?
The Global Articulated Robot Market is segmented as follows:
1) By Type: 4-Axis or Less, 5-Axis, 6-Axis or More
2) By Payload: Up to 16 Kg, 16 to 60 Kg, 60 to 225 Kg, More Than 225 Kg
3) By Function: Handling, Welding, Dispensing, Assembly, Processing, Other Functions
4) By Component: Controller, Arm, End Effector, Drive, Sensor, Other Components

Which Region Leads The Articulated Robot Market?
Asia-Pacific has emerged as the largest region in the articulated robots market as of 2024, followed by Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Articulated Robot Market Global Market Report?
- Market Size Analysis: Analyze the Articulated Robot Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Articulated Robot Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Articulated Robot Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Articulated Robot Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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