Robotic Arm Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What Is the Forecasted Market Size and Growth Rate for the Robotic Arm Market?
The market size for robotic arms has seen a swift expansion in the past few years. It's projected to rise from $36.93 billion in 2024, hitting $43.22 billion in 2025 with a compound annual growth rate (CAGR) of 17.0%. This remarkable growth during the historical period is linked to the surge in industrial automation, which has amplified the demand for robotic arms. In addition, the growing need for robotics, the need for streamlining processes in warehouses, and demand for sophisticated robots have also contributed to this growth.

The market size for robotic arms is anticipated to experience a significant expansion in the upcoming years, potentially reaching $80.82 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 16.9%. The predicted growth for this duration can be linked to the increased use of robotic arms in manufacturing due to their superior efficiency, accuracy, and speed, improving productivity and cost efficiency. Automation in various sectors such as automotive and the expansion of e-commerce also contribute to this growth. Key trends expected during this forecast period comprise of the escalating complexity of manufacturing operations, progress in robotics technology, sophisticated technological infrastructure, the evolution of robotic arms in the healthcare sector, and a rise in technological fusion.

What Factors Are Propelling the Expansion of the Robotic Arm Market?
The growth of the robotic arm market is predicted to be fueled by the expansion of the e-commerce industry. The e-commerce industry, which revolves around online purchases and sales of goods and services, has revolutionized the interaction between businesses and consumers by providing accessibility, convenience, and global reach. Factors driving the e-commerce boom include the prevalence of smartphones, internet connectivity, and an extensive range of products available online. Robotic arms play a significant role in streamlining supply chain and logistics within the e-commerce realm, facilitating efficient inventory management, reducing operational expenditure, and boosting overall productivity. For example, data from the United States Census Bureau, a government agency, in February 2024 indicated that e-commerce sales were anticipated to hit $1,118.7 billion in 2023, reflecting a 7.6% (±1.2%) surge from 2022. Concurrently, total retail sales registered a 2.1% (±0.4%) growth during the same timeframe. In 2023, the share of e-commerce sales was 15.4% of all sales, a slight increase from 14.7% in 2022. Hence, the flourishing e-commerce sector is catalyzing the expansion of the robotic arm market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17249&type=smp

Which Businesses Are at the Forefront of Robotic Arm Market Development?
Major companies operating in the robotic arm market are LG Electronics Inc., Panasonic Corporation, Mitsubishi Electric Corporation, ABB Ltd., Kawasaki Heavy Industries Ltd., Seiko Epson Corporation, Omron Corporation, FANUC America Corporation, Yaskawa Electric Corporation, Kuka AG, Nachi-Fujikoshi Corp., Stäubli International AG, Comau, Universal Robots A/S, Boston Dynamics, SoftBank Robotics America Inc., Flexiv Robotics Inc., Franka Robotics GmbH, Dobot, Gridbots Technologies Private Limited, DENSO WAVE INCORPORATED, EVS Tech Co. LTD.

What Are the Latest Innovations in the Robotic Arm Market?
Major firms in the robotic arm industry are prioritizing the design of innovative items such as modular high-performance robots. These versatile robots can provide adaptable and efficient robotic solutions for various industrial applications, thereby improving productivity and sustainability. Modular high-performance robots are versatile robotic systems composed of replaceable units, reconfigurable to accomplish diverse tasks efficiently, altering their form and function as per the operational requirements. For example, ABB Ltd., an engineering firm based in Switzerland, in May 2024, introduced the IRB 7710 and IRB 7720 robots, expanding the company's range of large, modular robots. These robots provide a 25% decrease in cycle times and achieve class-leading accuracy of up to 0.6 mm at high velocities of 1600 mm/s. Their design allows them to carry payloads of up to 620 kg, which makes them suitable for use in the automotive, logistics, and construction sectors, guaranteeing up to 30% energy savings, thus improving productivity and energy efficiency.

How Is the Robotic Arm Market Segmented?
The robotic arm market covered in this report is segmented -

1) By Type: Articulated, Cartesian, Selective Compliance Articulated Robot Arm (SCARA), Spherical Or Polar, Cylindrical, Other Types
2) By Payload Capacity: Less Than 500 Kilogram (KG), 500-3000 Kilogram (KG), 3001 Kilogram (KG) And Above
3) By Axis: 1-Axis, 2-Axis, 3-Axis, 4-Axis, 5-Axis, 6-Axis, 7-Axis
4) By Application: Materials Handling, Cutting And Processing, Soldering And Welding, Assembling And Disassembling, Other Applications
5) By End-User Industry: Automotive, Electrical And Electronics, Metals And Machinery, Plastics And Chemicals, Food And Beverages, Other End-User Industries

Subsegments:
1) By Articulated: 6-Axis Robotic Arms, 7-Axis Robotic Arms, Multi-Axis Robotic Arms
2) By Cartesian: Gantry Robots, XYZ Cartesian Robots
3) By Selective Compliance Articulated Robot Arm (SCARA): 4-Axis SCARA Robots, 5-Axis SCARA Robots
4) By Spherical Or Polar: Spherical Robots (Polar Coordinates), Polar Robotic Arms With Rotational Axes
5) By Cylindrical: Cylindrical Robotic Arms
6) By Other Types: Delta Robots, Parallel Robots, Hybrid Robotic Arms, Collaborative Robots

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/robotic-arm-global-market-report

Where Is the Robotic Arm Market Growth Most Prominent?
North America was the largest region in the robotic arm market in 2023. Asia-Pacific is expected to be the fastest growing region in the market going forward. The regions covered in the robotic arm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Robotic Arm Global Market Report?

- Market Size Analysis: Analyze the Robotic Arm Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Robotic Arm 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 Robotic Arm Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Robotic Arm Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=17249

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.