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Emerging Trends to Reshape the Articulated Robot Market: Tech Advancements Drive Articulated Robot Market as a Key Influencer
Articulated Robot
Articulated Robot Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, there has been substantial growth in the size of the articulated robot market. It is projected to expand from a value of $17.87 billion in 2024 to $20.59 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.2%. This expansion observed in the historic period is largely a result of growth in the manufacturing sector, broad adoption in the automotive industry, the surge of electronics and semiconductors sectors, a heightened focus on efficiency, and use in medical and healthcare applications.
Articulated Robot Market Size Forecast: What's the Projected Valuation by 2029?
The market size of articulated robots is predicted to experience fast-paced expansion in the coming years, set to rise to $36.92 billion in 2029, with a compound annual growth rate (CAGR) of 15.7%. Factors contributing to this growth in the predicted period include regulatory backing and adherence to safety norms, proliferation of smart factories, advancements in the automobile sector, emphasis on energy efficiency and sustainability, and Small and Medium Enterprises (SMEs) adopting robotics. Key trends expected during this forecasted period encompass industry 4.0 and automation, the rise of cooperative robotics, incorporation in healthcare facilities, uses in the food and beverage sectors, and integration with artificial intelligence.
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What Are the Drivers Transforming the Articulated Robot Market?
The surge in industrial robot requirements is predicted to push the expansion of the articulated robots industry. These robots, which are mechanical systems or machines set up to autonomously carry out production-related tasks in industrial environments, often resemble humans in their design and can be utilized for various industrial processes. As per a report from the International Federation of Robotics in September 2024, there were 4,281,585 units operating in factories globally, marking a 10% rise from the last year. The report also showed that installations surpassed half a million units for the third year in a row. In terms of regional distribution, Asia was home to 70% of all the new robot deployments in 2023, with Europe at 17% and then the Americas at 10%. Hence, the burgeoning need for industrial robots is fuelling the advancement of the articulated robot industry.
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What Long-Term Trends Will Define the Future of the Articulated Robot Market?
Swift advancements in technology have become the main trend gaining traction in the articulated robot market. Leading firms are targeting development in areas such as partnered robots, commercial unmanned aircraft, AI-powered robots, self-healing robots, cloud-based robots, and bespoke robots to maintain superiority in the market. Case in point, Comau, an automation firm based in Italy, unveiled its new S-Family of high-velocity, energy-efficient robots, with payloads from 13 kg to 18 kg, in May 2024. These robots are specially constructed for arc welding and handling tasks where precision, repeatability, and speed are vital. The S-Family's sophisticated abilities aim to enhance performance in industrial procedures, ensuring a high degree of precision and efficacy in challenging conditions.
Which Segments in the Articulated Robot Market Offer the Most Profit Potential?
The articulated robot market covered in this report is segmented -
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
Subsegments:
1) By 4-Axis Or Less: 2-Axis Robots, 3-Axis Robots, 4-Axis Robots
2) By 5-Axis: 5-Axis Articulated Robots
3) By 6-Axis Or More: 6-Axis Articulated Robots, 7-Axis Articulated Robots, Multi-Axis Articulated Robots
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Which Firms Dominate the Articulated Robot Market by Market Share and Revenue in 2025?
Major companies operating in the articulated robot market are 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., Cassioli Group, DAIHEN Corporation, Comau, Universal Robots, Epson Robots, Midea Group, B+M Surface Systems GmbH, Wittmann Battenfeld Group, Hanwha Corporation/Momentum, Gudel AG, Hyundai Robotics, Techman Robot, Franka Emika, AUBO Robotics, F&P Robotics AG
Which Regions Offer the Highest Growth Potential in the Articulated Robot Market?
Asia-Pacific was the largest region in the articulated robots market share in 2024. The regions covered in the articulated robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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