Articulated Robot Market to Rear Excessive Growth during 2020 - 2027
Market Research Future published a research report on "Articulated Robot Market Research Report - Global Forecast till 2027" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Market Scenario
The global articulated robots market 2020 is slated to witness substantial growth over the review period, as observed by MRFR.
Market highlights
Increasing automation needs across the vertical industry including aerospace, automotive, EMS (electronic manufacturing services), food & beverages, chemicals, metals & machinery, rubber & plastics, precision engineering & optics, and pharmaceuticals & cosmetics among others are driving global articulated robot market growth. Increasing the adoption of articulated robots in small and medium-sized businesses across the globe is expected to boost the growth of the global articulated robot market during the forecast period. The growing trend in factory automation also known as "Industry 4.0" is expected to elevate the global articulated robot market. Nonetheless, high initial cost of the articulated robots and their deployment complexity are expected to limit the growth of the global Articulated Robot Market
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Competitor
ABB (Switzerland), Yaskawa Electric Corporation (Japan), Fanuc Corporation (Japan), Yamaha Motor Co., Ltd(Japan), Aurotek Corporation (Taiwan), Mitsubishi Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd (Japan), OMRON Corporation (Japan), Seiko Epson Corporation (Japan), Denso (Japan), Toshiba Machine Co., Ltd (Japan), KUKA Aktiengesellschaft (Germany), Cassioli S.r.l (Italy), Daihen Corporation (Japan), Engel (Austria), Nachi-Fujikoshi (Japan), SIASUN (China), Stubli International (Switzerland), HIWIN (Taiwan), GSK (UK), and Triowin (China) are some of the major players profiled in MRFR analysis and are at the vanguard of competition in the global articulated robot market
Segmentation
The global articulated robot market is analyzed based on payload capacity, application, component, industry vertical and region.
Based on the component the global articulated robot market is segmented based on hardware, software and, services. The hardware segment is further segmented into drive, arm, controller, end-effector and sensor.
Based on the payload capacity the global articulated robot market is segmented into medium, low, high, and heavy.
Based on the application the global articulated robot market is segmented into welding, bin picking, load/unload, assembly, processing, washing, painting, material handling, and others.
Based on the industry vertical the global articulated robot market is segmented into EMS (electronic manufacturing services), automotive, aerospace, food & beverages, metals & machinery, chemicals, rubber, & plastics, pharmaceuticals & cosmetics, precision engineering & optics, and others.
Regional Outlook
For North America, Europe, Asia Pacific and the rest of the world, regional analysis for the global articulated robot market is being done.
In the forecast period Asia Pacific is expected to dominate the global articulated robot market. The presence of key players in the region such as Fanuc Corporation, Yaskawa Electric Corporation, And Toshiba Machine Co., Ltd among others, is driving the growth of the region's articulated robot industry. Growing industrialisation and development is expected to drive the growth of the region's articulated robot industry in countries like China and India. The increasing adoption of articulated robots in this region by small and medium-sized enterprises is driving the growth of the market. Rising demand for automation from industry verticals such as automotive, manufacturing of electronic components and food and beverages is driving growth in the region's articulated robot market.
During the forecast period North America is projected to make a major contribution to the global articulated robot market. Increasing automation development and high automation adoption in production in countries such as the US and Canada is driving growth in the region's articulated robot industry. The automotive industry is a primary driver for the region's ariculated robot market. The main articulated robot industry applications in North America include painting, material handling, and welding. However, the rising unemployment issues are slowing the growth of the region's articulated robot industry.
Europe is expected to make a significant contribution to the growth of the global articulated robot market over the forecast period. The involvement of key players such as ABB in this area has contributed to the growth of the articulated robot industry. The the demand for robotics solutions in telechirurgy and healthcare care for the elderly is a trend factor driving the growth of the articulated robot market in this area. Demand for tailored industry vertical automation solutions including defense & security, food & beverage, healthcare and manufacturing of electronics among others is driving the growth of the European articulated robot market.
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