Articulated Robot Market

Global Articulated Robot Market:

The global articulated robot market size reached US$ 10.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8% during 2024-2032. The rising industry 4.0 adoption, ongoing technological advancements, growing automotive industry, and surging labor costs are primarily driving the market's growth.

Articulated Robot Market Analysis:

• Major Market Drivers: The emerging trend of factory automation is one of the key factors driving the market’s growth. Furthermore, the increasing need for operational efficiency in assembly lines is also providing a boost to the market growth.
• Key Market Trends: The growing electronics manufacturing services (EMS) industry across the globe is stimulating the market's growth. Additionally, the rising adoption of industrial robots, the expanding automotive industry, and continuous product innovations, such as the introduction of soft and vacuum grippers for handling fragile products, are projected to drive the market further.
• Competitive Landscape: Some of the prominent articulated robot market companies include ABB Ltd., American Robot Corporation, Aurotek Corporation, Denso Wave Incorporated, Fanuc Corporation, Kawasaki Heavy Industries Ltd., Kuka Aktiengesellschaft (Midea Group), Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., Nimak GmbH, Seiko Epson Corporation, and Yaskawa Electric Corporation, among many others.
• Geographical Trends: According to the articulated robot market dynamics, North America acquires a prominent share in the adoption of articulated robots due to its advanced manufacturing sector, technological innovation, and significant investments in automation and robotics. Moreover, Europe, as a major manufacturing hub, has a strong demand for articulated robots, especially in the automotive, industrial, and electronics sectors.
• Challenges and Opportunities: High initial costs of implementing articulated robots and the shortage of skilled labor are hampering the market's growth. However, innovations in AI, machine learning, and sensor technology are enhancing the capabilities and efficiency of articulated robots. These advancements can lead to more versatile and cost-effective solutions, opening new application areas and expanding market opportunities.

Articulated Robot Market Trends:

Rising Demand for Electric and Autonomous Vehicles

The rise of electric and autonomous vehicles is driving the articulated robot market growth. For instance, according to IEA, in 2023, about 14 million new electric cars were registered globally, bringing the total number on the road to 40 million. Electric vehicle sales in 2023 were 3.5 million greater than in 2022, representing a 35% year-on-year growth. The assembly of electric vehicles involves specialized components like battery packs, electric drivetrains, and complex electronics. Articulated robots are essential for handling and assembling these intricate parts with precision and efficiency. These factors are expected to propel the articulated robot market in the coming years.

Surging Labor Costs

The increasing labor costs are escalating the market's growth. For instance, according to the European Commission, in the first quarter of 2024, hourly labor costs increased by 5.1% in the euro area and 5.5% in the EU, compared to the same period the previous year. Rising labor costs in many regions encourage companies to invest in robots to maintain competitiveness and manage operational expenses. Robots can perform repetitive tasks more efficiently and reliably than human workers, making them an attractive option, and thereby boosting the articulated robot market revenue.

Product Innovations

Collaborative robots, designed to work alongside humans, have gained traction. These robots are easier to program and integrate into existing workflows, making automation more accessible for small and medium-sized enterprises. For instance, in March 2024, Schneider Electric introduced two new collaborative robots (cobots) at the MODEX 2024 show in Atlanta. The new models allow for high-speed motion and control of up to 130 axes from a single processor, and are intended to help manufacturers address production, flexibility, and sustainability challenges. These factors further positively influence the articulated robot market forecast.

Global Articulated Robot Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global articulated robot market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on payload, function, type, component, and end use industry.

Breakup by Payload:

• Upto 16 Kg
• 16 to 60 Kg
• 60 to 225 Kg
• More Than 225 Kg
   

The report has provided a detailed breakup and analysis of the market based on the payload. This includes upto 16 kg, 16 to 60 kg, 60 to 225 kg, and more than 225 kg.

Upto 16 kg payload robots are often used for lighter tasks such as small part assembly, packaging, precision handling, and electronics assembly. 16 to 60 kg payload is suitable for more substantial tasks, such as medium-sized component assembly, material handling, and complex machine tending. Besides this, 60-225 kg payload robots handle heavy components and are used in tasks like heavy assembly, large part handling, and robust material handling. Apart from this, more than 225 kg payload are heavy-duty robots designed for handling very large and heavy parts. They are used in industries requiring significant lifting power and precision.

Breakup by Function:

• Handling
• Welding
• Dispensing
• Assembling
• Others
   

The report has provided a detailed breakup and analysis of the market based on the function. This includes handling, welding, dispensing, assembling, and others. 

Articulated robots used for handling are designed to manipulate, move, and sort objects with precision and speed. They are particularly valuable in environments where repetitive, high-speed operations are required. Moreover, these robots are extensively used in welding operations due to their precision and ability to perform repetitive tasks consistently. They can handle different welding processes, such as MIG, TIG, and spot welding. Besides this, these robots used for dispensing are designed to apply precise amounts of liquids, adhesives, or coatings. They are employed in processes where accuracy in the application of materials is critical. Apart from this, articulated robots in assembly tasks can perform complex and repetitive assembly operations. They can handle a wide range of assembly processes, from simple to highly intricate.

Breakup by Type:

• 4-Axis or Less
• 5-Axis
• 6-Axis or More
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes 4-axis or less, 5-axis, 6-axis or more.

4-axis robots typically have a limited range of motion but are still versatile for certain applications. They generally consist of a base, an arm, and an end effector with simple rotational and vertical movements. Moreover, 5-axis robots offer more flexibility than 4-axis robots, providing additional degrees of freedom. The extra axis usually allows for better orientation and positioning of the end effector. Besides this, 6-axis articulated robots are the most versatile and widely used robots due to their ability to perform a broad range of movements. They offer full rotational freedom and are highly adaptable for complex tasks.

Breakup by Component:

• Controller
• Arm
• End Effector
• Drive
• Sensor
• Others
   

The report has provided a detailed breakup and analysis of the market based on the component. This includes controller, arm, end effector, drive, sensor, and others.

The controller is the brain of the robot, responsible for processing input from sensors, executing control algorithms, and sending commands to the robot’s actuators. Moreover, the arm is the primary mechanical structure of the robot, composed of various links and joints that provide movement and flexibility. It consists of multiple segments that work together to position the end effector. Besides this, the end effector is the tool or device attached to the end of the robot's arm that interacts with the environment. It performs the specific task the robot is designed for. Furthermore, drives are the motors and mechanisms that power the movement of the robot’s joints and actuators. They convert electrical signals into mechanical motion.

Breakup by End Use Industry:

• Automotive
• Electrical and Electronics
• Chemicals, Rubber and Plastics
• Metal and Machinery
• Food and Beverages
• Precision Engineering and Optics
• Pharmaceuticals and Cosmetics
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes automotive, electrical and electronics, chemicals, rubber and plastics, metal and machinery, food and beverages, precision engineering and optics, pharmaceuticals and cosmetics, and others.

In automotive manufacturing, articulated robots are used for tasks, such as welding, painting, assembly, and material handling. They improve production efficiency, precision, and safety by automating repetitive or hazardous tasks. Moreover, these robots also handle delicate and intricate tasks like assembling electronic components, soldering, and testing. They are crucial in managing high-speed, high-precision operations essential for electronics production. Besides this, in the chemicals industry, articulated robots assist in tasks like handling hazardous materials, mixing chemicals, and maintaining strict hygiene standards. They help in automating repetitive processes and improving safety.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. 

North America is a major market for articulated robots, driven by its strong automotive, aerospace, electronics, and pharmaceutical sectors. Companies in automotive manufacturing and electronics are significant adopters, investing heavily in automation for efficiency and precision. Moreover, as a leading industrial and automotive hub, Europe has a high demand for articulated robots. European companies are prominent in adopting advanced automation to maintain competitive advantages in manufacturing and precision engineering.

Competitive Landscape:

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• ABB Ltd.
• American Robot Corporation
• Aurotek Corporation
• Denso Wave Incorporated
• Fanuc Corporation
• Kawasaki Heavy Industries Ltd.
• Kuka Aktiengesellschaft (Midea Group)
• Mitsubishi Electric Corporation
• Nachi-Fujikoshi Corp.
• Nimak GmbH
• Seiko Epson Corporation
• Yaskawa Electric Corporation
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Articulated Robot Market Recent Developments:

• May 2024: Comau unveiled its new S-Family of small yet strong robots at the Automate event, North America's premier automation show. The S-Family of 6-axis articulated robots enables businesses to improve production quality and performance while consuming less energy and incurring lower costs.
• March 2024: Schneider Electric introduced two new collaborative robots (cobots) at the MODEX 2024 show in Atlanta. The new models allow for high-speed motion and control of up to 130 axes from a single processor and are intended to help manufacturers address production, flexibility, and sustainability challenges.
• February 2024: Sorma Group launched a new box-filling robot, which is another solution for enhancing automation in the post-harvest processing of fruits and vegetables. The gadget was designed to make it easier to place packs in boxes. The articulated robot handles and positions the product inside the machine.

Articulated Robot Market Report Scope:

Key Questions Answered in This Report:

• How has the global articulated robot market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global articulated robot market?
• What are the key regional markets?
• What is the breakup of the market based on the payload?
• What is the breakup of the market based on the function?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global articulated robot market and who are the key players?
• What is the degree of competition in the industry?

Key Benefits for Stakeholders:

• IMARC's report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the articulated robot market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global articulated robot market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the articulated robot industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.