Press release
Articulated Robot Market Poised to Reach $16.1 Billion in Sales by 2031, Driven by Automation and Technological Advancements
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Overview of the Market
The global articulated robot market is witnessing a surge in demand, primarily driven by increasing automation in industries such as automotive, electronics, and consumer goods. Articulated robots, known for their flexibility, precision, and ability to perform complex tasks, have become essential in manufacturing environments. With rising labor costs, workforce shortages, and the growing need for operational efficiency, businesses are turning to these robots to handle tasks ranging from welding to material handling.
The automotive sector, in particular, has been a key adopter of articulated robots, as these machines offer the flexibility and precision required for tasks like welding, assembling, and dispensing. The rise of Industry 4.0 and smart manufacturing is further contributing to the growth of the market, especially in regions like Europe and East Asia, where industrial automation is accelerating.
Key Growth Drivers Behind Market Growth
Several factors are driving the growth of the articulated robot market. The first is the increasing demand for automation across industries. As manufacturing processes become more complex and consumer expectations for product quality rise, articulated robots are sought after for their ability to perform tasks with unparalleled accuracy. In sectors like automotive and electronics, where precision is paramount, these robots help enhance production speed and reduce errors.
Moreover, technological advancements such as the integration of Artificial Intelligence (AI) and the Internet of Things (IoT) into robotic systems are enabling even smarter automation. This is opening up new avenues for articulated robots, allowing them to perform more diverse and intricate tasks. As AI-driven robots become more adaptable, businesses can implement robots in increasingly complex and dynamic production environments.
In terms of geographical regions, East Asia, particularly South Korea and China, is expected to maintain a dominant position in the articulated robot market. South Korea, with a projected CAGR of 8.2% by 2031, is benefiting from strong investments in robotics for its electronics and automotive industries. Similarly, China's push for automation in its manufacturing sector is contributing to the rapid adoption of articulated robots, further propelling growth in the region.
Key Highlights from the Report
• The articulated robot market is expected to grow from USD 9.4 billion in 2024 to USD 16.1 billion by 2031.
• The global market is projected to expand at a CAGR of 8% from 2024 to 2031.
• Technological advancements in AI and IoT integration are increasing the efficiency and flexibility of articulated robots.
• The automotive sector remains the primary driver of market demand, with robots being used for welding, assembly, and material handling.
• Emerging markets in Asia Pacific, particularly China and South Korea, are seeing substantial growth in articulated robot adoption.
• The demand for high-payload robots is increasing, especially in industries requiring large-scale manufacturing operations.
Market Segmentation
The articulated robot market can be segmented based on several criteria, including payload, function, type, and end-use industry. In terms of payload, robots are classified into four categories: up to 16 Kg, 16 Kg to 60 Kg, 60 Kg to 225 Kg, and more than 225 Kg. The "More than 225 Kg" segment is experiencing significant growth due to the increasing demand for high-payload robots in heavy-duty industries such as automotive manufacturing, construction, and metal processing.
The functional segmentation is also critical, with robots being classified by tasks such as handling, welding, dispensing, and assembling. The handling segment holds the largest market share, accounting for 47% of the global market in 2024. This segment's growth is driven by the demand for robots that can efficiently handle materials, load and unload components, and integrate seamlessly into automated production lines.
Regional Insights
East Asia and South Korea
East Asia, particularly South Korea, is set to lead the articulated robot market in the coming years. The region holds a dominant market share, driven by heavy investments in robotics for the automotive and electronics sectors. The integration of AI and IoT into industrial applications is also expanding, creating new opportunities for robotic automation. South Korea's government has supported these developments through smart factory initiatives and automation incentives, fueling further growth in the market.
Europe and Germany
Germany, a key player in Europe, is expected to continue its leadership in the articulated robot market, especially with a focus on the automotive sector. The country's strong industrial foundation, commitment to Industry 4.0, and technological infrastructure make it a hub for robotic automation in manufacturing. Additionally, Germany's skilled labor force and innovative manufacturing solutions contribute to its robust market growth. The country is projected to achieve a CAGR of 7.8% through 2031, making it a key player in the European robotic automation industry.
Market Drivers
One of the key drivers for the articulated robot market is the increasing demand for automation in manufacturing industries. As industries such as automotive, electronics, and consumer goods aim to improve production efficiency, reduce human error, and lower operational costs, the demand for robotic automation has skyrocketed. The high level of flexibility and precision offered by articulated robots makes them ideal for performing repetitive tasks, such as material handling, assembly, and welding.
The integration of AI and IoT technologies has further enhanced the capabilities of articulated robots. These advancements allow robots to adapt to different production scenarios, perform complex tasks autonomously, and optimize manufacturing environments in real-time. As a result, businesses are turning to articulated robots to stay competitive in an increasingly automated industrial landscape.
Market Restraints
Despite the growth opportunities, the market for articulated robots faces some challenges. One of the primary obstacles is the integration of robotic systems into existing manufacturing processes. Older, legacy systems require significant modifications to accommodate new robotic technologies, which increases implementation time and costs. This is particularly challenging for smaller companies that may not have the resources to invest in costly system overhauls.
Another significant constraint is the shortage of skilled workers trained to operate and maintain advanced robotic systems. As robots become more sophisticated, there is an increasing need for personnel with specialized knowledge in robotics. The lack of a skilled workforce in some regions has slowed the adoption of articulated robots, especially in emerging markets where training programs may be limited.
Market Opportunities
The growing demand for articulated robots in emerging markets presents a significant opportunity for market growth. Countries like China and India are investing heavily in automation, driven by their expanding manufacturing sectors. These regions are becoming key adoption hubs for articulated robots, particularly in automotive, electronics, and consumer goods manufacturing.
In addition, the integration of AI and machine learning into robotic systems is unlocking new possibilities for intelligent automation. The development of collaborative robots (cobots) that can work alongside humans is also creating a new market segment, offering businesses a chance to improve their operations while maintaining a human workforce.
Reasons to Buy the Report
✔ Gain a comprehensive understanding of the global articulated robot market's size, trends, and growth potential.
✔ Identify key drivers, challenges, and opportunities in the market.
✔ Learn about the competitive landscape and strategic initiatives taken by leading companies.
✔ Access insights on regional market trends, particularly in emerging markets like East Asia.
✔ Understand the impact of technological advancements in AI, IoT, and robotics on market growth.
Frequently Asked Questions (FAQs)
How Big is the Articulated Robot Market?
Who are the Key Players in the Global Articulated Robot Market?
What is the Projected Growth Rate of the Articulated Robot Market?
What is the Market Forecast for the Articulated Robot Market in 2032?
Which Region is Estimated to Dominate the Articulated Robot Market through the Forecast Period?
Company Insights
Key players operating in the articulated robot market include:
FANUC
KUKA AG
ABB Ltd.
Yaskawa Electric Corporation
Kawasaki Heavy Industries, Ltd.
Seiko Epson Corporation
Comau
Nachi
Stäubli International AG
Recent Developments
KUKA AG launched its new KUKA LBR iisy robotic arm in March 2024, aimed at enhancing automation in flexible manufacturing environments.
ABB Ltd. expanded its capabilities by acquiring Path Robotics in February 2024, strengthening its AI-driven robotic solutions for industries like automotive and logistics.
By examining the articulated robot market's growth drivers, segmentation, and regional trends, this report provides valuable insights for companies looking to make informed strategic decisions in a rapidly evolving industry.
Persistence Market Research
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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