Articulated Robot Products Market Size was valued at USD 2.9 Billion in 2023. The Articulated Robot Products industry is projected to grow from USD 3.37 Billion in 2024 to USD 9.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.38% during the forecast period (2024 - 2032). A few of the factors anticipated to spur the articulated assembly line's growth include rising funds for industrial automation, increasing demand from SMEs in emerging nations due to an increase in demand for precise assembly line operation, increased mechanization, and increased investment in the automation industry. The growing demand for industrial robots is the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing adoption of automation within the manufacturing sector is driving the market growth
Market CAGR for the global market is driven by the need for industrial robots, increasing investment in the automation sector, rising demand from SMEs in emerging markets, increased demand for precise assembly line operation, amplified mechanization, and rising funding for industrial automation are just a few of the factors anticipated to fuel the growth of the global articulated robot market over the course of the forecast period.
One of the major drivers propelling the market's expansion is the new trend of industrial automation. Additionally, the market is rising due to the increased need for assembly line operating efficiency. Articulated robots can accomplish jobs quickly, precisely, and with a large payload capacity. Another element spurring expansion is the expanding electronics manufacturing services (EMS) market globally. These robots are widely used for various tasks with excellent positioning capabilities and repeatabilities, such as palletizing and welding. While reducing the total installation time and costs of installing robotic systems, they can also control the smallest electrical components. Additional reasons anticipated to fuel the market's growth include the increasing use of industrial robots, the automotive industry's rapid expansion, and product improvements, including introduction of soft and vacuum grippers for handling delicate goods. The growing concern for worker safety is also a significant element influencing the deployment of articulated robots.
Adopting such robots also aids in lowering operational costs, manufacturing and production costs, and waste of raw materials. The widespread use of articulated robots in aerospace, oil, gas, and other industries that frequently produce massive components with articulated robots has contributed to the market's growth. As a result, articulated robots are utilized to produce in large quantities with accuracy and a much faster rate, enhancing manufacturing efficiency, reducing human error and effort, and improving final product quality.
The market has grown significantly due to the IoT's increasing use and expenditures made in robots globally. For instance, the "Made in China 2025" declaration sought to significantly upgrade the Chinese economy by promoting quality-focused and innovation-driven manufacturing. Robotics enable SMEs to produce products of high quality and to compete worldwide with other market participants. Robotics can greatly improve productivity, efficiency, and profitability for SMEs while also transforming their competitiveness. Today, more SMEs are starting to invest in robots to improve their competitiveness on the global stage. Thus, driving the Articulated Robot products market revenue.
The Articulated Robot Products Market segmentation, based on the industrial vertical, includes aerospace, chemicals, rubber, and food & beverages. The food & beverages segment dominated the market, accounting for 45% of market revenue (1.7 billion). Increasing snacking industry expansion and rising beverage consumption will widen the segmental growth during the forecast period.
Figure 1: Articulated Robot Products Market, by Industrial Vertical, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Articulated Robot Products Market segmentation, based on application, includes assembly, bin picking, and load/unload. The load/unload category dominated the market. Making a position sensor stable in a closed loop is one method of tackling issues that require constant and repetitive tasks problem. Robotic systems offer a fresh technological perspective on complex automation and industrial processes, and when used in hazardous environments, they can replace the requirement for human labor entirely. These procedures are typically lengthy, straightforward, physically demanding, and unhealthy for patients. Nevertheless, much human work goes into these procedures.
The Articulated Robot Products Market segmentation, based on payload capacity, includes heavy, high, and low. The heavy category are expected to witness the largest market share during the forecast period. Additionally, automation is enabling tiny enterprises in the United States to compete with established rivals throughout the globe. With over 13 major automakers based here, the United States is also one of the largest automobile marketplaces in the world. The car industry is one of the main revenue producers for the nation's manufacturing sector. Canada is the ninth largest vehicle producer globally, and this industry is the largest contributor to the nation's manufacturing sector. The country has over five heavy-duty assembly facilities, 540 OEM parts producers, 400 dealerships, and many other automotive-related enterprises.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Articulated Robot market area will dominate this market. To manufacture goods of a better caliber more quickly and cheaply, contemporary manufacturing facilities in the North American area have depended on new technology and innovations. They use more sophisticated software and technology to improve their manufacturing skills to thrive in the competitive environment.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: GLOBAL ARTICULATED ROBOT MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Articulated Robot products market accounts for the second-largest market share. The market for articulated robots is gaining attention because of the rising popularity of embedded computers, sophisticated sensors, and microelectronics that need assembly at the micro- and nanoscale. Further, the German Articulated Robot products market held the largest market share, and the UK Articulated Robot products market was the fastest growing market in the European region
The Asia-Pacific Articulated Robot Products Market is expected to grow at the fastest CAGR from 2024 to 2032. The worldwide market for articulated robots is gaining momentum due to the rising usage of automation. Similar to this, expanding government efforts would boost regional demand for articulated robots. Moreover, China’s Articulated Robot products market held the largest market share, and the Indian Articulated Robot products market was the fastest growing market in the Asia-Pacific region.
Due to the increasing automation in the food and beverage and automotive industries, there will be a growth in the need for articulated robots. Robots with joints may be used for various activities and have many applications. As a result, they may be used for automation in several industries, such as the industrial, metals, electrical, and electronic industries.
By making significant investments in their R&D departments, the leading market players are concentrating on broadening their product ranges. To further expand their worldwide footprint, firms are also concentrating on integrating a variety of market developments, such as new product releases, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To increase their profit margins, the major companies in the Articulated Robot products industry market also offer to optimize their supply chains.
Market leaders in the global Articulated Robot products industry are selling their goods at fair prices to cut down on operational expenses. The global Articulated Robot products industry sector has created several extremely viable products throughout the anticipated period. Major players in the Articulated Robot products market include ABB, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd, Mitsubishi Electric Corporation, Seiko Epson Corporation, Toshiba Machine Co. Ltd., OMRON Corporation, and KUKA Aktiengesellschaft among others.
Kawasaki Heavy Industries Ltd. (KHI), a Japanese public multinational business with headquarters in Ch, Kobe and Minato, Tokyo, manufactures bikes, engines, heavy equipment, aerospace and defense equipment, rolling stock and ships. Additionally, it is engaged in the manufacturing of gas turbines, pumps, boilers, industrial robots, and other items. Shz Kawasaki, the business's creator, is honored with the name. Along with Mitsubishi Heavy Industries and IHI, KHI is regarded as one of Japan's top three heavy industrial producers. Prior to the Second World War, Kawasaki Steel and Kawasaki Kisen were also a member of the Kobe Kawasaki zaibatsu, which also comprised KHI. KHI joined the DKB Group after the battle.
Yamaha Motor Co., Ltd. is a Japanese multinational company that produces motorized items, including boats, outboard motors, and motorbikes. The corporation, which has its headquarters in Iwata, Shizuoka, Japan, was founded in 1955 after splitting from Yamaha Corporation (although Yamaha Corporation remains the largest stakeholder of a private company with 9.92% as of 2019). As of 2012, the business operated its development, manufacturing, and marketing activities through 109 consolidated subsidiaries. Yamaha Motor split out from musical instrument maker Yamaha Corporation in 1955. It started producing its first product, the YA-1 125cc motorbike, under the direction of Genichi Kawakami, the company's founder and first president. It succeeded quickly and took first place in its class in the third Mount Fuji Ascent Race.
Fanuc Corporation
Yaskawa Electric Corporation
Kawasaki Heavy Industries Ltd
Mitsubishi Electric Corporation
Seiko Epson Corporation
Toshiba Machine Co. Ltd
OMRON Corporation
KUKA Aktiengesellschaft
Yamaha Motor Co. Ltd
Aurotek Corporation
Cassioli S.r.l
Daihen Corporation
Denso
Engel
Nachi-Fujikoshi
Stubli International
SIASUN
HIWIN
GSK
Triowin
January 2020: For the Swiss Plastics Expo 2020, Stäubli International AG and Sepro Group collaborated to build a Model 6X-60 6-axis robot and a 3-axis Success 5 unit. It has an operating radius of up to 920 mm, a maximum payload capacity of 9 kg, and is intended to support injection molding machines with up to 100 tons of clamp.
Julu 2020: By offering quick, accurate testing to make metrology simpler and less time-consuming, ABB Limited's new 3D quality inspection (3DQI) robot cell significantly speeds up the production process. It can detect imperceptible flaws to the naked eye and less than half the width of human hair.
Aerospace
Chemicals
Rubber
Food & Beverages
Assembly
Bin picking
Load/Unload
Heavy
High
Low
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 2.9 billion |
| Market Size 2024 | USD 3.37 billion |
| Market Size 2032 | USD 9.9 billion |
| Compound Annual Growth Rate (CAGR) | 14.38% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Industrial Vertical, Application, Payload Capacity, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | ABB, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd, Mitsubishi Electric Corporation, Seiko Epson Corporation, Toshiba Machine Co. Ltd, OMRON Corporation, KUKA Aktiengesellschaft, Yamaha Motor Co. Ltd, Aurotek Corporation, Cassioli S.r.l, Daihen Corporation, Denso, Engel, Nachi-Fujikoshi, Stubli International, SIASUN, HIWIN, GSK, and Triowin |
| Key Market Opportunities | Rising Investments Towards Automation Processes |
| Key Market Dynamics | Rising Demand for Automobiles |
Frequently Asked Questions (FAQ) :
The Articulated Robot Products Market size was valued at USD 2.9 Billion in 2023.
The global market is projected to grow at a CAGR of 14.38% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are ABB, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd, Mitsubishi Electric Corporation, Seiko Epson Corporation, Toshiba Machine Co. Ltd., OMRON Corporation, and KUKA Aktiengesellschaft
The heavy category dominated the market in 2022.
The food & beverages vertical had the largest share in the global market.
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Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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