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The articulated robots market share is expected to increase by USD 6.59 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.12%.
This articulated robots market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers articulated robots market segmentation by end-user (automotive, electrical and electronics, heavy machinery, metal, and others) and geography (APAC, Europe, North America, the Middle East and Africa, and South America). The articulated robots market report also offers information on several market vendors, including ABB Ltd., Comau Spa, DAIHEN Corp., DENSO Corp., Epson Europe B.V, FANUC AMERICA CORPO., HIRATA Corp., Hiwin Corpo., HYUNDAI ROBOTICS, IAI Industrieroboter GmbH, Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI-FUJIKOSHI CORP., NIMAK GmbH, OMRON Corp., Shibaura Machine Co. Ltd, Staubli International AG, Yamaha Motor Co. Ltd., and Yaskawa Electric Corp. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The growing demand from APAC is notably driving the articulated robots market growth, although factors such as increased competition from a shortage of skilled labor may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the articulated robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Articulated Robots Market Driver
The growing demand from APAC is one of the major drivers impacting the articulated robots market growth. Rapid industrialization in economies such as India, Japan, China, North Korea, and South Korea is driving the demand for articulated robots in APAC. The growing government initiatives in the region, such as Made in China 2025, Manufacturing 3.0 by South Korea, and Productivity 4.0 by Taiwan, are a few of such initiatives that are creating a lucrative market for articulated robots in APAC. Besides, other noticeable factors such as the growing automotive, electrical and electronics, chemical, and food and beverage industries are expected to propel the adoption of articulated robots in APAC during the forecast period.
Key Articulated Robots Market Trend
The emergence of collaborative robots is one of the major trends influencing the articulated robots market growth. Large industrial robots work within fences while performing heavy payload lifting to ensure the safety of workers. Vendors are putting in tremendous efforts to enhance the collaboration capabilities of these robots, which will increase their adoption among industry players. The rising trend of collaborative robots will have a major impact on the global articulated robots market. Collaborative robots are robots that can work alongside human workers to create a safe and efficient workspace, besides assisting humans in repetitive and tedious tasks. These robots are equipped with several fittings such as paint-spray heads, mechanical grippers, welding heads, vacuum grippers, and electromechanical grippers. Apart from advanced coordination, these robots are less expensive, which increases their popularity among industry players, leading to the further growth of the global articulated robots market during the forecast period.
Key Articulated Robots Market Challenge
The shortage of skilled labor is one of the major trends influencing the articulated robots market growth. Robotic technology is an advanced method to operate industrial functions accurately at a much better speed. This technology requires the collaboration of skilled industrial workers who can understand the data exchange between robots and the assembly line. Manufacturers are increasingly integrating robotic systems with data acquisition systems for data analysis. However, to gain actual benefit from these systems, the workforce should be skilled enough to gain insights. However, a lack of knowledge and skillset for such data analysis limits the actual benefit of such systems. Moreover, due to the growing aging population in countries such as Europe and the US, there is a demographic crunch, resulting in a shortage of skilled workers.
This articulated robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global articulated robots market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the articulated robots market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the articulated robots market encompasses successful business strategies deployed by the key vendors. The articulated robots market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The articulated robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the articulated robots market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for articulated robots in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The increasing production capacities will facilitate the articulated robots market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the articulated robots market in APAC witnessed certain challenges. The outbreak of COVID-19 affected many countries in the region, such as China, India, South Korea, and Japan. The pandemic affected the economy of the region and supply chain activities across end-user industries. To prevent the community spread of the disease, governments of various countries in APAC announced nationwide lockdowns, which resulted in the temporary closure of the production units of end-user industries such as electrical and electronics, automobile, and heavy machinery.
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The articulated robots market share growth in the automotive segment will be significant during the forecast period. The automotive industry was one the largest and quickest adopters of articulated robots, and the trend continued in 2020. Articulated robots, in general, are considered more affordable and reliable than traditional pneumatic tooling and hard fixtures.
This report provides an accurate prediction of the contribution of all the segments to the growth of the articulated robots market size and actionable market insights on the post-COVID-19 impact on each segment.
Grinding Robots market - The market share is expected to increase by USD 51.97 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.73%.
Shelf-mounted Robots market - The market share is projected to increase to USD 5.52 billion from 2021 to 2026 at an accelerating CAGR of 10.26%.
Sealing and Dispensing Robots market - The market size has the potential to grow by USD 1.31 billion during 2021-2025, and the market’s growth momentum will accelerate during the forecast period.
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Articulated Robots Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.12% |
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Market growth 2022-2026 |
$ 6.59 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
12.39 |
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Regional analysis APA |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 39% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., Comau Spa, DAIHEN Corp., DENSO Corp., Epson Europe B.V, FANUC AMERICA CORPO., HIRATA Corp., Hiwin Corpo., HYUNDAI ROBOTICS, IAI Industrieroboter GmbH, Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI-FUJIKOSHI CORP., NIMAK GmbH, OMRON Corp., Shibaura Machine Co. Ltd, Staubli International AG, Yamaha Motor Co. Ltd., and Yaskawa Electric Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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