Global Articulated Robot Market was valued US$ XX Bn in 2018 and is expected to reach US$ 33.93 Bn by 2026, at CAGR of XX% during forecast period.
Major drivers for the articulated robot market are increasing adoption of automation and growing demand from small and medium-sized enterprises (SMEs) in emerging countries. On the other side, factors such as high initial cost of the articulated robots and complexities of their installation are restricting the growth of the market. However, growing applications of articulated robots in the autonomous warehouse and logistics industry would support the growth of the articulated robot market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
By payload capacity, the high payload capacity articulated robot segment is expected to witness higher market share, because of rising demand across automated factories to deal with heavy load applications. High capacity payload articulated robots come with a payload capacity of more than 300 Kg and they are also capable of performing applications such as welding, palletizing, sealing, and cutting and can handle very large amounts of payloads. These types of articulated robots are used in automated factories to perform all kinds of heavy work with greater accuracy, speed, and reliability, required for many industry verticals mainly aerospace and automotive.
Globally, the Asia Pacific is expected to hold a high market share for articulated robots throughout the forecast period. The growth is mainly because of the booming articulated robot marketplace with the presence of well-established players across the region, especially across countries such as China, Japan, and India. As well, the low cost of production enables numerous manufacturers to set up their manufacturing units in APAC.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global articulated robot market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global articulated robot market.
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Scope of the Global Articulated Robot Market
Global Articulated Robot Market, By Component
Global Articulated Robot Market, By Function
Global Articulated Robot Market, By Payload Capacity
Global Articulated Robot Market, By Industry Vertical
• EMS (Electronic Manufacturing Services)
• Food & Beverages
• Medical & Pharmaceuticals
Global Articulated Robot Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Articulated Robot Market
• FANUC Corp
• YASKAWA ELECTRIC CORPORATION
• Kawasaki Heavy Industries, Ltd.
• Adept Technology Pvt. Ltd.
• American Robot Corporation
• DENSO WAVE INCORPORATED
• Sierra Tango Robotics dot com
• Aurotek Corporation
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