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Articulated Robot Market Set for 8.9% CAGR Expansion, Projected to Hit USD 38.3 Billion by 2031 - TMR
Articulated Robot Market
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Articulated Robot Market
Articulated robots are industrial robots designed with multiple interconnected joints, allowing flexible movement akin to a human arm. These robots enhance efficiency, precision, and workplace safety in applications such as manufacturing, assembly, packaging, and storage. With technological advancements and increased adoption of automation, articulated robots have become indispensable across sectors like food & beverage, fast-moving consumer goods (FMCG), automotive, chemical, pharmaceutical, third-party logistics (3PL), and retail.
Key Players and Industry Leaders
The articulated robot market is highly competitive, with major companies driving innovation and expansion. Some key players include:
• ABB
• FANUC Corporation
• Honeywell International Inc.
• JAKA Robotics
• Kawasaki Heavy Industries Ltd.
• KUKA AG
• Locus Robotics
• Mitsubishi Electric Corp.
• Omron Corporation
• Schneider Electric
• YASKAWA ELECTRIC CORPORATION
• Zebra Technologies
Recent Developments
• October 2022: ABB introduced the IRB 1010, the smallest articulated robot, designed for high precision and payload capabilities.
• May 2022: KUKA AG secured a contract with Restoration Robotics, Inc. to provide robots for automated hair restoration.
• November 2017: Seiko Epson Corporation launched the N series of compact 6-axis robots, catering to the rising demand for industrial automation.
Key Market Drivers
1. Rising Adoption of Automation: The manufacturing sector is increasingly embracing automation to enhance efficiency and reduce costs.
2. Expansion of 3PL Integration: The integration of robotics in logistics is improving order fulfillment, storage optimization, and last-mile delivery.
3. Surge in Service Robots Demand: Service robots are gaining traction, particularly in the food & beverage and pharmaceutical sectors, due to stringent safety regulations.
Future Trends and Innovations
• Integration of AI and IoT: Smart articulated robots with AI-driven decision-making capabilities are expected to revolutionize automation.
• Collaborative Robots (Cobots): The development of cobots designed to work alongside humans will expand applications in small-scale manufacturing.
• Enhanced Warehouse Automation: Robotics will play a crucial role in streamlining warehouse operations, optimizing inventory management, and improving supply chain efficiency.
Market Growth Factors
• Workplace Safety Regulations: Stringent labor laws are driving the adoption of robotics to minimize workplace injuries.
• Labor Shortages: The increasing gap in skilled labor availability is accelerating automation adoption.
• Customization and Scalability: Technological advancements are enabling robots to be tailored for specific industry needs, improving adoption rates.
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Market Segmentation
By Offering
• Hardware
• Software
• Services
By Payload Capacity
• Up to 25 Kg
• 26 Kg to 50 Kg
• 51 Kg to 75 Kg
• 76 Kg to 100 Kg
• 100 Kg to 200 Kg
• Above 200 Kg
By Application
• Palletizing & Depalletizing
• Loading & Unloading
• Sortation & Storage
• Assembly & Dispensing
• Others (Replenishment, Packaging, etc.)
By End-Use Industry
• Food & Beverage
• Automotive
• FMCG
• Pharmaceutical
• Chemical
• Metal & Machinery
• Electronics & Semiconductor Manufacturing
• Retail
• 3PL
• Others (Petrochemicals, Healthcare, etc.)
Regional Insights
North America
• Market Share (2022): 37.72%
• The U.S. is leading the industry, driven by investments in Industry 4.0 and smart manufacturing.
• Robotics is playing a vital role in the Fifth Industrial Revolution, supporting automated production lines.
Asia Pacific
• Expected to be the fastest-growing region due to increasing industrial automation and warehouse expansion.
• Governments are providing substantial support, with China leading investments in robotics.
• Made in China 2025 aims to position China as a global leader in automation and AI.
Europe
• Countries like Poland are witnessing supply chain transformations, creating new growth opportunities.
• Germany, France, and the UK remain key markets for articulated robots.
Future Prospects
• Sustained Growth in Automation: Rising investments in smart factories will continue to drive demand.
• Advancements in Edge Computing: Improved computational power will enable real-time decision-making in robotic systems.
• Cross-Sector Expansion: Increased applications in healthcare, agriculture, and smart cities will further propel market growth.
Frequently Asked Questions (FAQs)
1. What was the market size of the global articulated robot industry in 2022?
o The market was valued at US$ 17.3 billion in 2022.
2. What is the projected market value by 2031?
o The industry is expected to reach US$ 38.3 billion by 2031.
3. Which industries are driving demand for articulated robots?
o Key industries include manufacturing, logistics, food & beverage, automotive, and pharmaceuticals.
4. Which region is expected to witness the highest growth?
o Asia Pacific is anticipated to be the fastest-growing region due to increased industrial automation and government initiatives.
5. What are the major technological trends shaping the market?
o Key trends include AI integration, collaborative robots, warehouse automation, and edge computing advancements.
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