PUBLISHER: Grand View Research | PRODUCT CODE: 1530260
PUBLISHER: Grand View Research | PRODUCT CODE: 1530260
Articulated Robot Market Size, Share & Trends Analysis Report By Application (Handling, Wielding, Assembly, Picking, Processing), By End Use, By Region, And Segment Forecasts, 2024 - 2030
Articulated Robot Market Size & Trends
The global articulated robot market size was estimated at USD 24.48 billion in 2023 and is expected to grow at a CAGR of 14.4% from 2024 to 2030. The growing advancements in automation and robotics technology is driving the demand and the adoption of articulated robots across various industries, including automotive, electronics, and pharmaceuticals.These robots, with their multi-jointed arms, provide enhanced flexibility and efficiency, making them a preferred choice for complex manufacturing processes.
The rising demand for automation in manufacturing to improve productivity and reduce operational costs is a major driver of the articulated robots market. Articulated robots are increasingly being adopted in manufacturing processes to automate repetitive and labor-intensive tasks. These robots can be programmed to perform a wide range of functions, such as material handling, assembly, welding, and painting, with high precision and speed. As manufacturers seek to optimize their production processes, the adoption of articulated robots has grown significantly, as they can enhance efficiency, reduce errors, and lower labor costs.
Integrating the Internet of Things (IoT) and Industry 4.0 principles has revolutionized manufacturing processes by enabling enhanced connectivity, automation, and data exchange. This integration has significantly impacted the adoption of robots in manufacturing industries. The convergence of IoT with Industry 4.0 technologies allows for real-time monitoring, predictive maintenance, and optimization of production processes through interconnected devices and systems.
Furthermore, collaborative robots, or cobots, which are designed to work alongside human workers, are gaining popularity owing to their safety features and ease of use. The trend towards miniaturization is also notable, with smaller and more compact articulated robots being developed for applications in the electronics and healthcare industries. Moreover, the increasing focus on sustainable manufacturing practices is leading to the adoption of energy-efficient robots that help reduce the overall environmental impact, thereby accelerating the market expansion.
The expanding applications of articulated robots in new industries, such as agriculture and logistics, are likely to open up new opportunities for market players. In the agriculture industry, articulated robots are being utilized for various tasks such as harvesting crops, planting seeds, applying fertilizers and pesticides, and monitoring crop health. These robots can navigate through fields autonomously using sensors and GPS technology to perform tasks with high accuracy and efficiency. By automating labor-intensive processes, farmers can increase productivity, reduce labor costs, and optimize resource utilization. Additionally, the ongoing research and development efforts to enhance robot capabilities and reduce costs is expected to further drive the market growth.
Global Articulated Robot Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global Articulated Robot market report based on application, end use, and region:
- Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Handling
- Wielding
- Assembly
- Picking
- Processing
- Others
- End Use Outlook (Revenue, USD Billion, 2018 - 2030)
- Automotive
- Electrical and Electronics
- Metal and Machinery
- Transportation and Logistics
- Chemical
- Food
- Others
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
U.S.
Canada
Mexico
- Europe
UK
Germany
France
Italy
Spain
- Asia Pacific
China
Australia
Japan
India
South Korea
- Latin America
Brazil
- Middle East & Africa
South Africa
Saudi Arabia
UAE
Table of Contents
Chapter 1 Articulated Robot Market: Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List to data sources
Chapter 2 Articulated Robot Market: Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Articulated Robot Market: Industry Outlook
- 3.1 Market Lineage
- 3.2 Industry Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market driver analysis
- 3.3.2 Market challenge analysis
- 3.4 Industry Opportunities & Challenges
- 3.5 Industry Analysis Tools
- 3.5.1 Porter's analysis
- 3.5.2 Macroeconomic analysis
Chapter 4 Articulated Robot Market Application Outlook
- 4.1 Articulated Robot Market Share By Application, 2018 - 2030 (USD Billion)
- 4.2 Application Movement Analysis & Market Share, 2023 & 2030
- 4.3 Articulated Robot Market Estimates & Forecast, By Application (USD Billion)
- 4.3.1 Handling
- 4.3.2 Weilding
- 4.3.3 Assembly
- 4.3.4 Picking
- 4.3.5 Processing
- 4.3.6 Others
Chapter 5 Articulated Robot Market Location Outlook
- 5.1 Articulated Robot Market Share By Location, 2018 - 2030 (USD Billion)
- 5.2 Location Movement Analysis & Market Share, 2023 & 2030
- 5.3 Articulated Robot Market Estimates & Forecast, By Location (USD Billion)
- 5.3.1 Automotive
- 5.3.2 Electrical & Electronics
- 5.3.3 Metal & Machinery
- 5.3.4 Transportation & Logistics
- 5.3.5 Chemical
- 5.3.6 Food
- 5.3.7 Others
Chapter 6 Articulated Robot Regional Outlook
- 6.1 Articulated Robot Market Share By Region, 2023 & 2030
- 6.2 North America
- 6.2.1 North America Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 6.2.2 U.S.
- 6.2.3 Canada
- 6.2.4 Mexico
- 6.3 Europe
- 6.3.1 Europe Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 6.3.2 UK
- 6.3.3 Germany
- 6.3.4 Italy
- 6.3.5 France
- 6.3.6 Spain
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 6.4.2 China
- 6.4.3 Japan
- 6.4.4 South Korea
- 6.4.5 India
- 6.4.6 Australia
- 6.5 Latin America
- 6.5.1 South America Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 6.5.2 Brazil
- 6.5.3 Mexico
- 6.6 MEA
- 6.6.1 MEA Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 6.6.2 Saudi Arabia
- 6.6.3 UAE
Chapter 7 Articulated Robot Market - Competitive Landscape
- 7.1 Recent Developments & Impact Analysis, By Key Market Participants
- 7.2 Company Categorization
- 7.3 Participant's Overview
- 7.4 Financial Performance
- 7.5 Product Benchmarking
- 7.6 Company Market Positioning
- 7.7 Company Market Share Analysis, 2023
- 7.8 Company Heat Map Analysis
- 7.9 Strategy Mapping
- 7.9.1 New Product Launches
- 7.9.2 Expansion
- 7.9.3 Mergers & Acquisitions
- 7.9.4 Collaborations
- 7.10 Company Profiles
- 7.10.1 ABB Limited
- 7.10.1.1 Participant's Overview
- 7.10.1.2 Financial Performance
- 7.10.1.3 Product Benchmarking
- 7.10.1.4 Recent Developments
- 7.10.2 Comau
- 7.10.2.1 Participant's Overview
- 7.10.2.2 Financial Performance
- 7.10.2.3 Product Benchmarking
- 7.10.2.4 Recent Developments
- 7.10.3 FANUC
- 7.10.3.1 Participant's Overview
- 7.10.3.2 Financial Performance
- 7.10.3.3 Product Benchmarking
- 7.10.3.4 Recent Developments
- 7.10.4 Kawasaki Heavy Industries
- 7.10.4.1 Participant's Overview
- 7.10.4.2 Financial Performance
- 7.10.4.3 Product Benchmarking
- 7.10.4.4 Recent Developments
- 7.10.5 KUKA
- 7.10.5.1 Participant's Overview
- 7.10.5.2 Financial Performance
- 7.10.5.3 Product Benchmarking
- 7.10.5.4 Recent Developments
- 7.10.6 Mitsubishi Electric
- 7.10.6.1 Participant's Overview
- 7.10.6.2 Financial Performance
- 7.10.6.3 Product Benchmarking
- 7.10.6.4 Recent Developments
- 7.10.7 Omron Adept Technologies
- 7.10.7.1 Participant's Overview
- 7.10.7.2 Financial Performance
- 7.10.7.3 Product Benchmarking
- 7.10.7.4 Recent Developments
- 7.10.8 Seiko Epson Corporation
- 7.10.8.1 Participant's Overview
- 7.10.8.2 Financial Performance
- 7.10.8.3 Product Benchmarking
- 7.10.8.4 Recent Developments
- 7.10.9 Stabuli
- 7.10.9.1 Participant's Overview
- 7.10.9.2 Financial Performance
- 7.10.9.3 Product Benchmarking
- 7.10.9.4 Recent Developments
- 7.10.10 Yaskawa Electric
- 7.10.10.1 Participant's Overview
- 7.10.10.2 Financial Performance
- 7.10.10.3 Product Benchmarking
- 7.10.10.4 Recent Developments
- 7.10.1 ABB Limited
List of Tables
- Table 1 Articulated Robot Market - Key Market Driver Impact
- Table 2 Global Articulated Robot Market - Key Market Restraint Impact
- Table 3 Global Articulated Robot Market - Key Market Opportunities
- Table 4 Global Articulated Robot Market - Key Market Challenges
- Table 5 Articulated Robot Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Billion)
- Table 6 Articulated Robot Market Revenue Estimates and Forecast, By Location, 2018 - 2030 (USD Billion)
- Table 7 Recent Developments & Impact Analysis, By Key Market Participants
- Table 8 Company Heat Map Analysis
- Table 9 Key Companies Launching New Products
- Table 10 Key Companies Pursuing Expansions
- Table 11 Key Companies Pursuing Mergers & Acquisitions
- Table 12 Key Companies Collaborations
List of Figures
- Fig. 1 Market Segmentation And Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Global Articulated Robot, 2018 - 2030 (USD Billion)
- Fig. 11 Articulated Robot Market - Value Chain Analysis
- Fig. 12 Articulated Robot Market - Market Dynamics
- Fig. 13 Articulated Robot Market - Porter's Five Forces Analysis
- Fig. 14 Articulated Robot Market - PESTEL Analysis
- Fig. 15 Articulated Robot , By Application : Key Takeaways
- Fig. 16 Articulated Robot , By Application : Market Share, 2023 & 2030
- Fig. 17 Handling Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 18 Weilding Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 19 Assembly Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 20 Picking Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 21 Processing Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 22 Others Articulated Robot Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 23 Articulated Robot , By Location: Key Takeaways
- Fig. 24 Articulated Robot , By Location : Market Share, 2023 & 2030
- Fig. 25 Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 26 Electrical & Electronics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 27 Metal & Machinery Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 28 Transportation & Logistics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 29 Chemical Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 30 Food Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 31 Others Market Estimates & Forecasts, 2018 - 2030 (USD Billion))
- Fig. 32 Articulated Robot Market Revenue By Region, 2023 & 2030 (USD Billion)
- Fig. 33 Regional Marketplace: Key Takeaways
- Fig. 34 Regional Marketplace: Key Takeaways
- Fig. 35 North America Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 36 U.S. Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 37 Canada Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 38 Mexico Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 39 Europe Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 40 Germany Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 41 U.K. Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 42 France Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 43 Italy Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 44 Spain Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 45 Asia Pacific Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 46 China Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 47 India Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 48 Japan Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 49 Australia Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 50 South Korea Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 51 Latin America Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 52 Brazil Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 53 Mexico Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 54 MEA Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 55 Saudi Arabia Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 56 South Africa Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 57 UAE Articulated Robot Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 58 Key Company Categorization
- Fig. 59 Strategic Framework
