Articulated Robot Market worth 23.51 Billion USD by 2023

According to the new market research report "Articulated Robot Market by Payload (Up to 16.00 kg, 16.01–60.00 kg), Function (Handling, Welding, Dispensing, Assembly), Industry (Automotive, Electrical & Electronics, Metal & Machinery, Food & Beverages), and Geography - Global Forecast to 2023", on the articulated robot market, the market is expected to grow from USD 10.92 Billion in 2018 to USD 23.51 Billion by 2023, at a CAGR of 16.58% during the forecast period. The growth of the articulated robot market is driven by factors such as increasing growing investments for automation in various industries and growing demand from SMEs in developing countries.

Robots with payload carrying capacity of up to 16.00 kg to capture largest share of articulated robot market in 2018

Robots with payload carrying capacity of up to 16.00 kg are expected to hold the largest share of the articulated robot market in 2018 owing to increased payload capacity, work envelope, reliability, and speed, articulated robots are used in several applications, including welding, painting, assembly, packaging, palletizing, depalletizing, machine tending, sealing, gluing, cutting, cleaning, deburring, die casting, grinding, polishing, material handling, case packing, pick and place, pre-machining, and press brake tending.

Articulated robot market for metal and machinery industry to grow at high rate during forecast period

The metals and machinery industry has been among the versatile industries for automation solutions. It performs several functions ranging from small details to higher performance in complex tasks. With growing demand for machines in industries, such as agriculture, packaging, and manufacturing, for various applications, the articulated robot market for the metals and machinery industry is expected to grow at a high rate during the forecast period.

APAC to hold largest share of articulated robot market during forecast period

Among the 4 regions considered (North America, Europe, APAC, and RoW) in the report, APAC is expected to hold the largest share of the articulated robot market during the forecast period (2018–2023). Adoption of articulated robots by countries such as China, India, Japan, and South Korea for a myriad of industrial applications contribute to the growth of the articulated robot market in APAC. Also, the low cost of production enables various manufacturers to set up their manufacturing units in APAC.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154892451

The articulated robot market is currently dominated by players such as FANUC (Japan), ABB (Switzerland), Yaskawa (Japan), KUKA (Germany), and Mitsubishi (Japan). CMA Robotics S.p.A. (Italy), Anhui Efort Intelligent Equipment (China), Precise Automation, Inc. (US), and F&P Robotics AG (Switzerland) are some of the emerging players in the articulated robot market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Articulated Robot Market Research Report | Size, Share, System and Industry Analysis and Market Forecast to 2023

The articulated robot market (excluding the prices of peripherals, software, and system engineering) was valued at USD 9.36 billion in 2017 and is expected to reach USD 23.51 billion by 2023, at a CAGR of 16.58% during the forecast period. The articulated robot market (including the prices of peripherals, software, and system engineering) was valued at USD 20.83 billion in 2017 and is expected to reach USD 52.29 billion by 2023, at a CAGR of 16.58%. In terms of volume, the articulated robot market registered a shipment of 208,080 units in 2017 and is expected to reach 548,566 units by 2023, at a CAGR of 17.49% between 2018 and 2023. Increasing investments for automation in industries and growing demand from SMEs in developing countries are some of the key factors driving the growth of the articulated robot market.

Articulated robots refer to industrial robots that are automatically controlled, reprogrammable, and multipurpose manipulator (robotic arm) and can be adopted for industrial automation applications. This research study considers articulated robots with a degree of freedom (DOF) or axes more than 3

Articulated robots with a payload capacity of up to 16.00 kg to hold largest share of articulated robot market   in 2018

Owing to a wide variety of applications such as arc welding and spot welding in the automotive industry, articulated robots with payload carrying capacity of up to 16.00 kg are expected to hold the largest share of the articulated robot market in 2018. However, the growing demand for electric vehicles worldwide is the key factor driving the growth of the market for articulated robots with payload carrying capacity of 16.01–60.00 kg.

Handling function to hold the largest share of articulated robot market in 2018

Owing to the high rate of adoption of articulated robots in the automotive industry for handling heavy automotive parts and in the metal and machinery industry for handling heavy metal sheets and components, the handling function is expected to hold the largest share of the articulated robot market in 2018. The growing adoption of articulated robots in the food & beverages, plastics, rubber, and chemical industries for automatization of the processing task is the key factor expected to propel the growth of the articulated robot market for processing function during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154892451

APAC to account for the largest market size during the forecast period

APAC is expected to dominate the articulated robot market during the forecast period. The key driver for this market is the low cost of labor and low cost of production, which encourages various manufacturers to set up their manufacturing units in APAC, especially in countries such as China, South Korea, and India. Also, automating the manufacturing plant capabilities is another key trend adopted by manufacturers, which has increased the demand for articulated robots in APAC. The value chain pertaining to the articulated robot market comprises phases such as planning and revising fund, R&D, manufacturing, assembly, distribution, and after-sales services.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Articulated Robot Market | Size, Share, System and Industry Analysis and Market Forecast to 2023

The articulated robot market is expected to grow from USD 10.92 billion in 2018 to USD 23.51 billion by 2023, at a CAGR of 16.58% during the forecast period; the market is expected to register a shipment of 245,012 units in 2018 and is expected to reach 548,566 units by 2023, at a CAGR of 17.49% during the forecast period. Major drivers for articulated robot market are increasing adoption of automation and growing demand from small and medium-sized enterprises (SMEs) in developing countries.

The rising awareness about the benefits, such as complete automatization and more return on investment, provided by robots has encouraged countries worldwide to invest more in the development of AI-integrated robots. For instance, in 2017, China announced its plans to invest USD 150 billion in the development of AI-integrated cars and robots by 2030. Such investments are expected to propel the growth of articulated robot market worldwide in the next 2–3 years. Further, the players in the articulated robot market are focusing on integrating technologies such as the Internet of Things (IoT) and artificial intelligence (AI) into articulated robot systems. For instance, FANUC Corporation collaborated with Cisco Systems, Inc. (US), Rockwell Automation Inc. (US), and Preferred Networks, Inc. (Japan) to develop and deploy the FANUC Intelligent Edge Link and Drive (FIELD) system. The inculcation of such technologies with articulated robots is expected to propel the growth of the articulated robot market in the future.

The articulated robot market for processing function is expected to grow at a significant rate between 2018 and 2023. The growing adoption of articulated robots in food & beverages, plastics, rubber, and chemicals industries for automatization of the processing task is the key factor expected to propel the growth of the articulated robot market for processing function during the forecast period. Hence, along with handling function, the players may consider catering to this function for gathering higher revenues and strengthening their position in the articulated robot market.

The market for the metals and machinery industry is expected to grow at the highest CAGR during the forecast period. There has been a consistent rise in the number of companies in the agriculture, packaging, material handling, and machine tools sectors worldwide, especially in APAC countries such as China and India. As articulated robots enable complete automatization of the factories or the production plants, this rise in the number of companies in agriculture, packaging, material handling, and machine tools sectors creates potential opportunities for players catering to the metals and machinery industry in APAC.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154892451

The players in the articulated market can gain a competitive edge by focusing on the expansion of business in APAC countries such as China, Japan, South Korea, Taiwan, and India. The low cost of production can help various manufacturers to set up their manufacturing units in APAC during the next 5 years. Further, automating the manufacturing plant capabilities is a key trend observed in APAC, which may boost the demand for articulated robots in APAC in the near future.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Articulated Robot Market by Payload & Geography - Global Forecast 2023 | MarketsandMarkets

[151 Pages Report] The articulated robot market (excluding the cost of robotic peripherals, software, and system engineering) is expected to grow from USD 9.36 Billion in 2017 to USD 23.51 Billion by 2023, at a CAGR of 16.58% during the forecast period. The growth of the market is driven by factors such as increasing growing investments for automation in various industries and growing demand from SMEs in developing countries. The objectives of the study also include:

Robots with payload carrying capacity of up to 16.00 kg are expected to hold the largest share of the articulated robot market in 2018 owing to increased payload capacity, work envelope, reliability, and speed, articulated robots are used in several applications, including welding, painting, assembly, packaging, palletizing, depalletizing, machine tending, sealing, gluing, cutting, cleaning, deburring, die casting, grinding, polishing, material handling, case packing, pick and place, pre-machining, and press brake tending. However, the market for robots with payload carrying capacity of 16.01–60.00 kg is expected to grow at the highest rate during the forecast period.

Among all industries, the metals and machinery industry has been among the versatile industries for automation solutions. It performs several functions ranging from small details to higher performance in complex tasks. With growing demand for machines in industries, such as agriculture, packaging, and manufacturing, for various applications, the articulated robots market for the metals and machinery industry is expected to grow at the highest rate during the forecast period. However, the automotive industry is expected to hold the largest share of the articulated robot market in 2018.

Owing to the high rate of adoption of articulated robots in the automotive industry for handling heavy automotive parts and in the metal and machinery industry for handling heavy metal sheets and components, the handling function is expected to hold the largest share of the articulated robot market in 2018. However, the market for processing function is expected to grow at the highest CAGR during the forecast period.

Among all the regions, APAC is expected to hold the largest share of the articulated robot market in 2018; the market in this region is expected to grow at the highest CAGR during the forecast period. Adoption of articulated robots by countries such as China, India, Japan, and South Korea for a myriad of industrial applications contribute to the growth of the market in APAC. Also, the low cost of production enables various manufacturers to set up their manufacturing units in APAC.

https://www.marketsandmarkets.com/PressReleases/articulated-robot.asp

The articulated robot market ecosystem comprises robot manufacturers such as ABB (Switzerland), KUKA (Germany), Mitsubishi Electric (Japan), Fanuc (Japan), Kawasaki Heavy Industries (Japan), Denso (Japan), Omron Adept Technologies (US), Nachi-Fujikoshi (Japan), Yaskawa (Japan), and Seiko Epson (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Articulated Robot Market worth 23.51 Billion USD by 2023 | MarketsandMarkets

The articulated robot market is expected to grow from USD 10.92 billion in 2018 to USD 23.51 billion by 2023, at a CAGR of 16.58% during the forecast period; the market is expected to register a shipment of 245,012 units in 2018 and is expected to reach 548,566 units by 2023, at a CAGR of 17.49% during the forecast period. Major drivers for articulated robot market are increasing adoption of automation and growing demand from small and medium-sized enterprises (SMEs) in developing countries.

The rising awareness about the benefits, such as complete automatization and more return on investment, provided by robots has encouraged countries worldwide to invest more in the development of AI-integrated robots. For instance, in 2017, China announced its plans to invest USD 150 billion in the development of AI-integrated cars and robots by 2030. Such investments are expected to propel the growth of articulated robot market worldwide in the next 2–3 years. Further, the players in the articulated robot market are focusing on integrating technologies such as the Internet of Things (IoT) and artificial intelligence (AI) into articulated robot systems. For instance, FANUC Corporation collaborated with Cisco Systems, Inc. (US), Rockwell Automation Inc. (US), and Preferred Networks, Inc. (Japan) to develop and deploy the FANUC Intelligent Edge Link and Drive (FIELD) system. The inculcation of such technologies with articulated robots is expected to propel the growth of the articulated robot market in the future.

The articulated robot market for processing function is expected to grow at a significant rate between 2018 and 2023. The growing adoption of articulated robots in food & beverages, plastics, rubber, and chemicals industries for automatization of the processing task is the key factor expected to propel the growth of the articulated robot market for processing function during the forecast period. Hence, along with handling function, the players may consider catering to this function for gathering higher revenues and strengthening their position in the articulated robot market

The market for the metals and machinery industry is expected to grow at the highest CAGR during the forecast period. There has been a consistent rise in the number of companies in the agriculture, packaging, material handling, and machine tools sectors worldwide, especially in APAC countries such as China and India. As articulated robots enable complete automatization of the factories or the production plants, this rise in the number of companies in agriculture, packaging, material handling, and machine tools sectors creates potential opportunities for players catering to the metals and machinery industry in APAC.

https://www.marketsandmarkets.com/Market-Reports/articulated-robot-market-154892451.html

The players in the articulated market can gain a competitive edge by focusing on the expansion of business in APAC countries such as China, Japan, South Korea, Taiwan, and India. The low cost of production can help various manufacturers to set up their manufacturing units in APAC during the next 5 years. Further, automating the manufacturing plant capabilities is a key trend observed in APAC, which may boost the demand for articulated robots in APAC in the near future.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Attractive Market Opportunities in Articulated Robot Market

The articulated robot market (excluding the cost of robotic peripherals, software, and system engineering) is expected to grow from USD 10.92 Billion in 2018 to USD 23.51 Billion by 2023, at a CAGR of 16.58% during the forecast period. The articulated robot market is expected to register a shipment of 245,012 units in 2018 and is expected to reach 548,566 units by 2023, at a CAGR of 17.49% during the forecast period. The growth of the articulated robot market is driven by factors such as increasing growing investments for automation in various industries and growing demand from SMEs in developing countries.

Robots with payload carrying capacity of up to 16.00 kg are expected to hold the largest share of the articulated robot market in 2018 owing to increased payload capacity, work envelope, reliability, and speed, articulated robots are used in several applications, including welding, painting, assembly, packaging, palletizing, depalletizing, machine tending, sealing, gluing, cutting, cleaning, deburring, die casting, grinding, polishing, material handling, case packing, pick and place, pre-machining, and press brake tending. However, the market for robots with payload carrying capacity of 16.01–60.00 kg is expected to grow at the highest rate during the forecast period.

Among all industries, the metals and machinery industry has been among the versatile industries for automation solutions. It performs several functions ranging from small details to higher performance in complex tasks. With growing demand for machines in industries, such as agriculture, packaging, and manufacturing, for various applications, the articulated robots market for the metals and machinery industry is expected to grow at the highest rate during the forecast period. However, the automotive industry is expected to hold the largest share of the articulated robot market in 2018.

Owing to the high rate of adoption of articulated robots in the automotive industry for handling heavy automotive parts and in the metal and machinery industry for handling heavy metal sheets and components, the handling function is expected to hold the largest share of the articulated robot market in 2018. However, the market for processing function is expected to grow at the highest CAGR during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=593

Among all the regions, APAC is expected to hold the largest share of the articulated robot market in 2018; the market in this region is expected to grow at the highest CAGR during the forecast period. Adoption of articulated robots by countries such as China, India, Japan, and South Korea for a myriad of industrial applications contribute to the growth of the articulated robot market in APAC. Also, the low cost of production enables various manufacturers to set up their manufacturing units in APAC.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com