Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Articulated Robot Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Articulated Robot Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Articulated
Robot Market is offered.
Market
Insights:
In accordance with the report, the Articulated Robot
Market is projected to expand at a CAGR of X.X% over the period
of forecast. The global Articulated
Robot Market was valued at USD XX.X Mn in 2019 and is expected to reach USD
XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. Asia Pacific is anticipated to dominate the global market for
articulated robots during the anticipated time frame. The industry for
articulated robots is being advanced by the existence of significant businesses
in the area, including Fanuc Corporation, Yaskawa Electric Corporation, and
Toshiba Machine Co., Ltd. Rising industrialisation and production in nations
like China and India are anticipated to promote the growth of the articulated
robot industry. North America is anticipated to significantly contribute to the
global market for articulated robots over the course of the forecasted period.
The market for articulated robots is growing as a result of increased
automation development and widespread acceptance in developed nations like the
United States and Canada. The rising demand for automation in sectors like
automotive, aerospace, EMS (electronic manufacturing services), food &
beverage, metals & machinery, chemicals, rubber, & plastics, precision
engineering & optics, and pharmaceuticals & cosmetics, among others, is
what is driving the market share for articulated robots. Over the projected
period, it is anticipated that the use of articulated robots in small and
medium-sized organisations around the world would increase. The expanding
"Industry 4.0" trend in factory automation is anticipated to be
favourable for the worldwide articulating robot market forecast. SMEs have more
production facilities than large corporations. On an individual basis, they
employ more people than small enterprises.
Research
Methodology:
To compile
the detailed study of the global Articulated
Robot Market,
a robust research methodology has been adopted that aids in determining the key
insights and also evaluates the growth prospects of the Articulated Robot Market. Comprehensive and iterative research
methodology focused on minimizing deviance in order to provide the most
accurate estimates and forecast possible. The company utilizes a combination of
bottom-up and top-down approaches for segmenting and estimating quantitative
aspects of the market. Our research methodology implements a mix of primary as
well as secondary research. Our projects are initiated with secondary research,
where we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Articulated
Robot Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Articulated Robot Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Articulated Robot Market Compounded annual growth rates for all segments have also
been provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Articulated Robot Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2023 to 2031, for the following segments:
Articulated
Robot Market, By Industry vertical, 2023-2031 (USD Million)
·
Aerospace
·
Chemicals
·
Rubber
·
Food &
Beverages
Articulated
Robot Market, By Application, 2023-2031 (USD Million)
·
Assembly
·
Bin picking
·
Load/unload
Articulated
Robot Market, By Component, 2023-2031 (USD Million)
·
Hardware
Articulated
Robot Market, By Payload Capacity, 2023-2031 (USD Million)
·
Heavy
·
High
·
Low
Report
Highlights:
The prime objective of the Articulated Robot Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Articulated
Robot Market, By Region, 2023-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Articulated
Robot Market:
ABB (Switzerland), Fanuc Corporation (Japan), Yaskawa
Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd (Japan),
Mitsubishi Electric Corporation (Japan), Seiko Epson Corporation (Japan),
Toshiba Machine Co., Ltd (Japan), OMRON Corporation (Japan), KUKA
Aktiengesellschaft (Germany), Yamaha Motor Co., Ltd(Japan), Aurotek Corporation
(Taiwan), Cassioli S.r.l (Italy), Daihen Corporation (Japan), Denso (Japan),
Engel (Austria), Nachi-Fujikoshi (Japan), Stäubli International (Switzerland),
SIASUN (China), HIWIN (Taiwan), GSK (UK), and Triowin (China)
Articulated
Robot Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry