Articulated Robot Market 2022 Share, Size, Growth, Trends and Forecast 2027

    Rozer Smith

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    According to IMARC Group’s latest report, titled “Articulated Robot Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global articulated robot market reached a value of US$ 8.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.2 Billion by 2027, exhibiting at a CAGR of 9.3% during 2022-2027.

    Report Metric
    Historical: 2016-2021
    Base Year: 2021
    Forecast Year: 2022-2027

    An articulated robot is an industrial robot that consists of rotary joints powered by servo motors to allow a full range of motion. It is commonly utilized for performing a variety of processes, such as wielding, assembling, painting, material handling, dispensing, and loading/unloading. Articulated robots are highly durable, cost-effective, and generate precise output. On account of these benefits, they are widely adopted across the aerospace, automotive, and electronics industries.

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    Market Trends

    The growth of the global articulated robot market can be attributed to the rising establishment of smart factories and the emerging trend of factory automation. Additionally, the growing need for operational efficiency in assembly lines is catalyzing the employment of these robots across industries, which, in turn, is creating a positive outlook for the market. Articulated robots also provide flexibility within production operations with a high payload capacity, which is contributing to their increasing demand for performing industrial tasks. Other factors, including significant growth in the automotive and electronics manufacturing services (EMS) industries, are further escalating the demand for articulated robots across the globe.

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    List of Key Companies Covered in this Market Report:

    • ABB Ltd. (SWX: ABBN)
    • American Robot Corporation
    • Aurotek Corporation (TPE: 6215)
    • Denso Wave Incorporated
    • Fanuc Corporation (TYO: 6954)
    • Kawasaki Heavy Industries Ltd. (TYO: 7012)
    • Kuka Aktiengesellschaft (Midea Group)
    • Mitsubishi Electric Corporation (TYO: 6503)
    • Nachi-Fujikoshi Corp. (TYO: 6474)
    • Nimak GmbH
    • Seiko Epson Corporation (TYO: 6724)
    • Yaskawa Electric Corporation (TYO: 6506)

    The report has segmented the market on the basis of payload, function, type, component, end use industry and geography.

    Breakup by Payload:

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

    Breakup by Function:

    • Handling
    • Welding
    • Dispensing
    • Assembling
    • Others

    Breakup by Type:

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

    Breakup by Component:

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

    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

    Breakup by Geography:

    • North America (U.S. & Canada)
    • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
    • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
    • Latin America (Brazil, Mexico)
    • Middle East & Africa

    Key highlights of the report:

    • Market Performance (2016-2021)
    • Market Outlook (2022- 2027)
    • Porter’s Five Forces Analysis
    • Market Drivers and Success Factors
    • SWOT Analysis
    • Value Chain
    • Comprehensive Mapping of the Competitive Landscape

    Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

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