Global Articulated Robot Market will exhibit a growth of 24.54% for the forecast period of 2021-2028
Global Articulated Robot Market Analysis and Insights:
Articulated robots are robots whose arms have a smallest of three rotary joints. Articulated robots have made the industrial manufacturing procedure fast and precise. They are utilized in industries for several implementations involving material handling, welding, load/unload, bin picking, assembly, processing, washing, and painting amongst others. Articulated robots provide the production efficacy to industries as they can deal with the products which are too heavy and dangerous for humans to handle and the robots can work with minimal rest in comparison to the humans. Articulated robots are exceptionally durable, produce detailed outputs for long-term processes and can achieve complex task on behalf of humans. The utilization of articulated robots in manufacture has led to the upsurge in the product quality as articulated robots offer more precise outputs than manual labour.
Global Articulated Robot Market Scope and Market Size:
Based on the payload, the articulated robot market is segmented into up to 16.00 kg, 16.01–60.00 kg, 60.01 – 225.00 kg, more than 225.00 kg.
Based on the function, the articulated robot market is segmented into handling, welding, dispensing, assembly, processing, others.
Based on the industry, the articulated robot market is segmented into automotive, electrical and electronics, metal and machinery, food and beverages, precision engineering and optics, pharmaceuticals and cosmetics, others.
Global Articulated Robot Market Country Level Analysis:
The countries covered in the global articulated robot market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Competitive Landscape & Articulated Robot Market Share Analysis:
The articulated robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to articulated robot market.
Major Players:
Omron Corporation
Comau
DAIHEN Corporation
DENSO WAVE INCORPORATED
Ellison Technologies
Panasonic Corporation
Major TOC of the Report:
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insight
Chapter Six: COVID-19 Impact on Global Articulated Robot Market
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Rotary joints allow a full range of motion, as they rotate through multiple planes, and they increase the capabilities of the robot considerably.
Articulated Robot can be divided into three categories: 4-Axis or less type, 5-Axis type and 6-Axis or more type.
6-Axis or more type accounted for the highest proportion in production market, with a figure of 57.32% in 2017, followed by 4-Axis or less type, account for 26.02% and 5-Axis type account for 16.66%.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-articulated-robot-market-2020-2026/request-sample The sales market share of global Articulated Robot in Automotive use, Electrical and Electronics use, Machinery use, Rubber, Plastics & Chemicals use, Food & Beverage use and other applications have been stable year by year, at 37.41%, 22.94%, 9.02%, 8.67%, 4.64% and 17.32% respectively in 2017, and for several consecutive years, the amplitude was within one percent.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence.
Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Articulated Robot MarketArticulated robots are humanoid robots whose arms have a couple of rotary joints.
These robots are specially designed to make the industrial manufacturing process fast and precise.
They are used across the industries in various applications, including material handling, welding, load/unload, lifting, assembly, and processing, among others.Offering production efficiency to industries with their capability to handle object that is too heavy and unsafe for humans to handle articulated robots perform all complex task on behalf of humans.
Articulated robots offer more accurate outputs than manual labor; as a result, the uptake of articulated robots in production has led to an increase in product quality.Articulated robots also offer reduced production cost as overall cost for implementation of articulated robots is less compared to manual labor.
Resultantly, the global articulated robots market is growing rapidly.
Moreover, the increasing adoption of articulated robots in small and medium enterprises is escalating the market on the global platform.Considering the enormous traction, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global articulated robot market is projected to garner exponential accruals by 2023, registering a staggering CAGR throughout the forecast period (2018–2023).Additional factors that are contributing to the growth of the market include the increasing demand for automation across the industries such as EMS (electronic manufacturing services), automotive, aerospace, pharmaceuticals & cosmetics, and others.
Articulated Robot MarketAccording to Market Research Future, the global articulated robot market is segmented based on component, payload capacity, application, and industry vertical.By component the global articulated robot market is segmented based on software, hardware and services.
The hardware segment is further segmented into controller, arm, drive, end-effector and sensor.
The controller and sensor subsegments are expected to contribute the highest to the hardware subsegment as there is a growing demand for improvement in bin picking application of articulated robots.FREE PDF@ https://www.marketresearchfuture.com/sample_request/6805The hardware sub-segment is expected to contribute significantly to the component segment during the forecast period.
High demand for articulated robot for industrial production is expected to boost this segment during the forecast period.By payload capacity the global articulated robot market is segmented into low, medium, high, and heavy.
The heavy payload subsegment is expected to dominate the payload segment due to the rising demand for automation in manufacturing of heavy machinery.
Low payload capacity sub-segment is expected to contribute significantly to the payload capacity segment during the forecast period due to increase in adoption of articulated robots in electronic manufacturing and food and beverages industry.By application the global articulated market is segmented into material handling, welding, load/unload, bin picking, assembly, processing, washing, painting, and others.
