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Articulated Robot Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026


Sarasota, FL -- (SBWIRE) -- 11/26/2018 -- Global Articulated Robot Market: Overview

Articulated robot is a kind of robot having rotary joints, particularly, a legged robot or an industrial robot. Articulated robots can range from simply two-jointed structures to systems with ten or more interacting joints. They are powered by a variety of means, including electric motors.

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Global Articulated Robot Market: Growth Factors

The market is likely to gain traction over the coming decade, owing to massive application of articulated robots in automotive and electronic manufacturing service sectors. In addition to this, lucrative use of the product by many firms is projected to propel the production of the articulated robots, thereby further enlarging the scope of articulated robot market in the years ahead. Burgeoning requirement for precise operations across the assembly lines and escalating demand for mechanization will further drive the market demand. Furthermore, large-scale use of industrial robots in automotive, food & beverages, aerospace, medical & pharmaceuticals, and EMS sector will further drive articulated robot market trends. Lowly populated regions along with need for accuracy in metal mining and deep underwater activities will further contribute towards the growth of articulated robot market earnings in the next few years. Rising preference for industry 4.0 is predicted to generate more demand for articulated robots during the ensuing years.

Global Articulated Robot Market: Segmentation

The global articulated robot market can be divided based on component type, payload capacity, and end user industry. Based on the component type, the articulated robot market is classified into services, hardware, and software. On the basis of payload capacity, the market is sectored into low, medium, high, and heavy payload capacity. High payload capacity articulated robot segment is projected to make notable contributions towards articulated robot market share over the estimated timeframe. Based on the end user industry, articulated robot market is divided into automotive, medical & pharmaceutical, electronic manufacturing services, aerospace, food & beverages, and others. Electronic manufacturing services are projected to contribute notably towards the market share in the years ahead.

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Global Articulated Robot Market: Regional Analysis

Based on regions, the global articulated robot market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific articulated robot market is anticipated to contribute remarkably towards overall market revenue in the years to come. The growth can be attributed to well-established presence of key players such as FANUC CORPORATION, Kawasaki Heavy Industries, Ltd., YASKAWA Electric Corporation, Mitsubishi Electric Corporation, and Seiko Epson Corporation in the countries such as India, China, and Japan. In addition to this, massive demand for the product as a result of constantly thriving electronic manufacturing services sector in the region will further boost the regional growth in the forthcoming years. Furthermore, key firms across the APAC are manufacturing advanced new generation articulated robots, thereby helping in fulfilling the product demand across myriad sectors.

Global Articulated Robot Market: Competitive Players

The key market players of the global articulated robot market include ABB, FANUC Corp, KUKA, YASKAWA ELECTRIC CORPORATION, TOSHIBA MACHINE CO., LTD. Kawasaki Heavy Industries, Ltd., Adept Technology Pvt. Ltd., American Robot Corporation, DENSO WAVE INCORPORATED, Sierra Tango Robotics dot com, and Aurotek Corporation among others.

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Global Articulated Robot Market: Regional Segment Analysis

North America
The U.S.
The UK
The Asia Pacific
Latin America
The Middle East and Africa