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Articulated Robots Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Germany, UK, Japan - Size and Forecast 2024-2028

Articulated Robots Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Germany, UK, Japan - Size and Forecast 2024-2028

Published: Oct 2024 156 Pages SKU: IRTNTR46694

Market Overview at a Glance

$15.91 B
Market Opportunity
16.8%
CAGR
14.2
YoY growth 2023-2024(%)

Articulated Robots Market Size 2024-2028

The articulated robots market size is forecast to increase by USD 15.91 billion, at a CAGR of 16.8% between 2023 and 2028.

  • The market is experiencing significant growth due to the increasing benefits they offer over traditional industrial robots. Articulated robots, with their high degree of flexibility and ability to move in complex workspaces, are increasingly being adopted for applications in industries such as automotive, electronics, and food and beverage. A notable trend in the market is the emergence of open-source articulated robots, which are driving innovation and reducing entry barriers for small and medium-sized enterprises. However, the market is not without challenges. Increased competition from SCARA (Selective Compliance Assembly Robot Arm) robots, which offer simpler and more cost-effective solutions for specific applications, is putting pressure on articulated robot manufacturers to differentiate their offerings.
  • Additionally, the complexity of articulated robots, which require more advanced programming and maintenance, presents a challenge for some organizations. Companies seeking to capitalize on the opportunities in the market must focus on offering unique value propositions, investing in research and development, and providing robust support services to customers.

What will be the Size of the Articulated Robots Market during the forecast period?

Articulated Robots Market Size

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.  
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The market continues to evolve, driven by advancements in technology and increasing demand for automation across various sectors. Articulated robots, with their high degrees of freedom, are particularly well-suited for applications in pick and place, machine tending, painting, welding, and assembly lines. These robots are integral to industrial automation, enabling productivity gains and cost reduction. Deep learning algorithms and computer vision systems enhance the capabilities of articulated robots, enabling human-robot collaboration and improving safety features. Motion control and joint torque technologies enable more precise and efficient operations, while industry associations and academic institutions drive research and innovation in robotics.

Robotics research focuses on improving payload capacity, ease of use, and intuitive programming, as well as developing collaborative robots and artificial intelligence (AI) applications. Quality control and safety standards are essential considerations, with safety features and collision detection systems ensuring a safe work environment. Material handling applications, such as pallet handling, benefit from the flexibility and adaptability of articulated robots. Simulation software and offline programming enable efficient design and commissioning, while SCADA systems and PLC control provide real-time monitoring and control. Government funding and standards organizations support the ongoing development of the market, ensuring its continued growth and evolution.

How is this Articulated Robots Industry segmented?

The articulated robots industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • End-user
    • Automotive
    • Electrical and electronics
    • Heavy machinery
    • Metal
    • Others
  • Geography
    • North America
      • US
    • Europe
      • Germany
      • UK
    • APAC
      • China
      • Japan
    • Rest of World (ROW)

By End-user Insights

The automotive segment is estimated to witness significant growth during the forecast period.

The market continues to gain momentum in the US industrial sector, particularly in the automotive industry, which remains a significant contributor. Articulated robots offer several advantages over traditional tooling and fixtures, including cost reduction, increased productivity, and improved ease of use. These robots are renowned for their high degrees of freedom, enabling them to execute complex tasks with precision and flexibility. Articulated robots are integral to various applications within the automotive industry, such as welding, pallet handling, machine tending, and painting. Collaborative robots, a subset of articulated robots, facilitate human-robot interaction, enhancing productivity and safety.

Machine learning and artificial intelligence (AI) technologies are increasingly integrated into these robots, enabling advanced capabilities like deep learning and computer vision. Safety features and standards, such as force feedback and collision detection, ensure a safe work environment. Offline programming and virtual commissioning streamline the setup process, while SCADA systems and PLC control provide seamless integration with industrial automation systems. Additionally, data analytics, digital twins, and cloud connectivity enable remote monitoring and predictive maintenance. The global market for articulated robots is expected to grow, driven by the increasing demand for automation in various industries, including material handling, assembly lines, and quality control.

Robotics research and government funding further fuel the innovation and development of advanced robotic technologies.

Articulated Robots Market Size

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The Automotive segment was valued at USD 3.42 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 70% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Articulated Robots Market Share by Geography

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The global market for articulated robots is witnessing significant growth, particularly in the Asia Pacific (APAC) region. APAC is currently the largest market for articulated robots, driven by countries such as China, Japan, South Korea, Singapore, and India. This region is home to several established players in the market, including FANUC, Yaskawa Electric, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corp., and Seiko Holdings. The adoption of articulated robots is predominantly driven by industries such as automotive, electronics, and metal in APAC. Articulated robots offer numerous benefits, including productivity gains, ease of use, and intuitive programming. They come with varying degrees of freedom and payload capacities, making them suitable for a wide range of applications.

End-of-arm tooling, force feedback, and human-robot collaboration are essential features that are increasingly being integrated into articulated robots. Machine learning, machine tending, offline programming, virtual commissioning, and plc control are some of the advanced technologies that are transforming the market. Collaborative robots, artificial intelligence, and computer vision are also gaining popularity in various industries. Safety standards, industrial automation, scada systems, and safety features are crucial considerations in the adoption of articulated robots. Data analytics, digital twins, and cloud connectivity are some of the emerging trends in the market. Cost reduction, return on investment, and collision detection are key factors that influence the purchasing decisions of businesses.

Government funding and robotics research are also playing a significant role in the growth of the market. Applications in painting, welding, pallet handling, pick and place, and deep learning are some of the areas where articulated robots are being increasingly used. The market is expected to continue growing, driven by the increasing demand for automation and the need for greater efficiency and productivity.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Articulated Robots Industry?

  • The significant advantages of articulated robots serve as the primary catalyst for market growth. 
  • Articulated robots have become increasingly popular in the industrial automation sector due to their ability to enhance production efficiency, improve product quality, and ensure safety standards. With labor costs rising and competition intensifying from low-wage overseas locations, the demand for automation solutions, particularly articulated robots, is on the rise. These robots offer several advantages over traditional manufacturing methods, including increased precision, reliability, and performance. Safety is a significant concern in industrial automation, and articulated robots are equipped with advanced safety features such as collision detection systems and work envelope protection. SCADA systems and data analytics enable real-time monitoring and optimization of production processes, while digital twins provide a virtual representation of the manufacturing environment for predictive maintenance and troubleshooting.
  • Articulated robots are extensively used in various industries, including assembly lines, pallet handling, and material handling, to streamline operations and reduce manual labor. Cloud connectivity enables remote monitoring and control, providing greater flexibility and reducing the need for on-site personnel. The investment in articulated robots offers a substantial return on investment through increased productivity, reduced downtime, and improved product quality. In conclusion, the adoption of articulated robots in the industrial sector is driven by the need for faster, more efficient, and precise manufacturing processes. These robots offer several advantages, including safety features, advanced technology, and cost savings.
  • As the industrial landscape continues to evolve, the use of articulated robots is expected to become even more widespread.

What are the market trends shaping the Articulated Robots Industry?

  • Open-source articulated robots are currently gaining popularity in the market. This trend reflects the increasing demand for flexible and customizable automation solutions.
  • The market is witnessing significant advancements, with a focus on enhancing capabilities in areas such as pick and place, deep learning, and motion control. Robots are increasingly being integrated into industries for material handling, quality control, and research purposes. Academic institutions and industry associations are collaborating to drive innovation in robotics, with a particular emphasis on computer vision and simulation software. Government funding and industry investments are propelling research in this field, leading to improvements in payload capacity and the development of more immersive and harmonious robot designs.
  • Open-source articulated robots, such as those developed by Comau Spa, are gaining popularity due to their compatibility with third-party applications and open development environments. These robots offer a unique opportunity for businesses to test and simulate various applications before implementation. Overall, the market is poised for continued growth and innovation.

What challenges does the Articulated Robots Industry face during its growth?

  • The growth of the industry is being significantly impacted by the intensified competition from SCARA robots, which has emerged as a key challenge. 
  • Articulated robots, a type of industrial robot, have long been utilized for various manufacturing processes due to their flexibility and ability to move in multiple axes. However, the industrial robotics market has seen significant advancements, leading to the rise of SCARA (Selective Compliance Assembly Robot Arm) robots. SCARA robots offer several advantages, making them increasingly popular in industries. These robots are well-suited for assembly, welding, and packaging applications. They can operate continuously at a maximum speed of 120 cycles per minute in a 24-hour work cycle, ensuring compliance in the X-Y axes and the Z direction, making them six-degree compatible.
  • The use of DC servomotors and associated gears helps actuate the rotary joints. SCARA robots are versatile and can perform various tasks such as welding, sealing, assembling, material handling, picking, cutting, painting and spraying, and machine-tending. They are often used as a replacement for articulated robots in Small and Medium Enterprises (SMEs) due to their ease of use and cost reduction. Robotics software and training programs are essential for effective implementation and operation of these robots. Force feedback and human-robot collaboration are critical features that enhance productivity gains. Programming languages like C, C++, and proprietary languages are used for programming these robots.
  • With their intuitive programming and ease of use, SCARA robots have become an indispensable tool for increasing efficiency and reducing labor costs in manufacturing processes.

Exclusive Customer Landscape

The articulated robots market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the articulated robots market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Articulated Robots Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, articulated robots market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

ABB Ltd. - This company specializes in providing advanced robotic solutions, featuring a comprehensive 6-axis articulated robot portfolio. 

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • ABB Ltd.
  • Comau Spa
  • Daihen Corp.
  • DENSO Corp.
  • Epson Europe B.V
  • FANUC America Corp.
  • 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.
  • Yaskawa Electric Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Articulated Robots Market

  • In March 2024, Fanuc Corporation, a leading manufacturer of industrial robots, introduced the CR-35iA, an articulated robot with a reach of 35 inches and a payload capacity of 110 pounds. This new offering expanded Fanuc's product line and catered to the growing demand for versatile automation solutions in various industries (Fanuc Corporation Press Release).
  • In July 2024, ABB Robotics and Bosch Rexroth announced a strategic partnership to integrate ABB's robots with Bosch Rexroth's automation components, creating seamless, end-to-end manufacturing solutions. This collaboration aimed to enhance the competitiveness of both companies in the market and provide customers with more comprehensive automation offerings (ABB Robotics Press Release).
  • In November 2024, Teradyne, a leading automated test equipment manufacturer, acquired AutoGuide Mobile Robots, a leading provider of autonomous mobile robots, for approximately USD 115 million. This acquisition enabled Teradyne to expand its portfolio and enter the growing market for autonomous mobile robots, which are increasingly being used in conjunction with articulated robots for flexible automation solutions (Teradyne Press Release).
  • In February 2025, the European Union introduced the Industrial Strategy for the Single Market: Robotics, which includes a €1.5 billion investment in robotics research and development over the next seven years. This initiative is expected to drive innovation in the market, particularly in areas such as human-robot collaboration, energy efficiency, and adaptability to various industries (European Commission Press Release).

Research Analyst Overview

  • The market is experiencing significant advancements, driven by the integration of technology such as data acquisition, augmented reality (AR), and virtual reality (VR) in robotics. Remote control capabilities enable operators to manage field robotics from a distance, enhancing efficiency and productivity. Safety is prioritized through emergency stops, vision systems, and safety controllers, while predictive analytics and process monitoring optimize performance and ensure quality assurance. Drive systems with joint types and torque sensors provide precise movement, and haptic feedback offers a more human-like interaction.
  • Protective caging and force sensors ensure safety in industrial applications. Cloud platforms and data visualization facilitate remote access and real-time process optimization. Medical robotics and agricultural robotics are also gaining traction, with applications ranging from surgical procedures to crop management. Service robotics offer human-machine interfaces (HMIs) for seamless interaction, further expanding the market's reach.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Articulated Robots Market insights. See full methodology.

Market Scope

Report Coverage

Details

Page number

156

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.8%

Market growth 2024-2028

USD 15914.6 million

Market structure

Fragmented

YoY growth 2023-2024(%)

14.2

Key countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Articulated Robots Market Research and Growth Report?

  • CAGR of the Articulated Robots industry during the forecast period
  • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
  • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the articulated robots market growth of industry companies

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1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by End-user
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global Articulated Robots Market 2018 - 2022
      • Historic Market Size - Data Table on Global Articulated Robots Market 2018 - 2022 ($ million)
    • 4.2 End-user segment analysis 2018 - 2022
      • Historic Market Size - End-user Segment 2018 - 2022 ($ million)
    • 4.3 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • 4.4 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Chart on End-user - Market share 2023-2028 (%)
      • Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Chart on Comparison by End-user
      • Data Table on Comparison by End-user
    • 6.3 Automotive - Market size and forecast 2023-2028
      • Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 6.4 Electrical and electronics - Market size and forecast 2023-2028
      • Chart on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
      • Data Table on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
      • Chart on Electrical and electronics - Year-over-year growth 2023-2028 (%)
      • Data Table on Electrical and electronics - Year-over-year growth 2023-2028 (%)
    • 6.5 Heavy machinery - Market size and forecast 2023-2028
      • Chart on Heavy machinery - Market size and forecast 2023-2028 ($ million)
      • Data Table on Heavy machinery - Market size and forecast 2023-2028 ($ million)
      • Chart on Heavy machinery - Year-over-year growth 2023-2028 (%)
      • Data Table on Heavy machinery - Year-over-year growth 2023-2028 (%)
    • 6.6 Metal - Market size and forecast 2023-2028
      • Chart on Metal - Market size and forecast 2023-2028 ($ million)
      • Data Table on Metal - Market size and forecast 2023-2028 ($ million)
      • Chart on Metal - Year-over-year growth 2023-2028 (%)
      • Data Table on Metal - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Chart on Others - Year-over-year growth 2023-2028 (%)
      • Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by End-user
      • Market opportunity by End-user ($ million)
      • Data Table on Market opportunity by End-user ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Chart on Market share by geography 2023-2028 (%)
      • Data Table on Market share by geography 2023-2028 (%)
    • 8.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2023-2028
      • Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 8.4 Europe - Market size and forecast 2023-2028
      • Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 8.5 North America - Market size and forecast 2023-2028
      • Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Chart on North America - Year-over-year growth 2023-2028 (%)
      • Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2023-2028
      • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 8.7 South America - Market size and forecast 2023-2028
      • Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Chart on South America - Year-over-year growth 2023-2028 (%)
      • Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 8.8 US - Market size and forecast 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ million)
      • Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Chart on US - Year-over-year growth 2023-2028 (%)
      • Data Table on US - Year-over-year growth 2023-2028 (%)
    • 8.9 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ million)
      • Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 8.10 Germany - Market size and forecast 2023-2028
      • Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 8.11 UK - Market size and forecast 2023-2028
      • Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Chart on UK - Year-over-year growth 2023-2028 (%)
      • Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 8.12 Japan - Market size and forecast 2023-2028
      • Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 8.13 Market opportunity by geography
      • Market opportunity by geography ($ million)
      • Data Tables on Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Opportunity/Restraints

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 9.4 Market opportunities/restraints

          10 Competitive Landscape

          • 10.1 Overview
            • 10.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 10.3 Landscape disruption
              • Overview on factors of disruption
            • 10.4 Industry risks
              • Impact of key risks on business

            11 Competitive Analysis

            • 11.1 Companies profiled
              • Companies covered
            • 11.2 Market positioning of companies
              • Matrix on companies position and classification
            • 11.3 ABB Ltd.
              • ABB Ltd. - Overview
              • ABB Ltd. - Business segments
              • ABB Ltd. - Key news
              • ABB Ltd. - Key offerings
              • ABB Ltd. - Segment focus
            • 11.4 Comau Spa
              • Comau Spa - Overview
              • Comau Spa - Product / Service
              • Comau Spa - Key offerings
            • 11.5 Epson Europe B.V
              • Epson Europe B.V - Overview
              • Epson Europe B.V - Product / Service
              • Epson Europe B.V - Key offerings
            • 11.6 FANUC America Corp.
              • FANUC America Corp. - Overview
              • FANUC America Corp. - Business segments
              • FANUC America Corp. - Key offerings
              • FANUC America Corp. - Segment focus
            • 11.7 MIDEA Group Co. Ltd.
              • MIDEA Group Co. Ltd. - Overview
              • MIDEA Group Co. Ltd. - Product / Service
              • MIDEA Group Co. Ltd. - Key news
              • MIDEA Group Co. Ltd. - Key offerings
            • 11.8 Mitsubishi Electric Corp.
              • Mitsubishi Electric Corp. - Overview
              • Mitsubishi Electric Corp. - Business segments
              • Mitsubishi Electric Corp. - Key offerings
              • Mitsubishi Electric Corp. - Segment focus
            • 11.9 NACHI FUJIKOSHI Corp.
              • NACHI FUJIKOSHI Corp. - Overview
              • NACHI FUJIKOSHI Corp. - Business segments
              • NACHI FUJIKOSHI Corp. - Key news
              • NACHI FUJIKOSHI Corp. - Key offerings
              • NACHI FUJIKOSHI Corp. - Segment focus
            • 11.10 OMRON Corp.
              • OMRON Corp. - Overview
              • OMRON Corp. - Business segments
              • OMRON Corp. - Key news
              • OMRON Corp. - Key offerings
              • OMRON Corp. - Segment focus
            • 11.11 Yamaha Motor Co. Ltd.
              • Yamaha Motor Co. Ltd. - Overview
              • Yamaha Motor Co. Ltd. - Business segments
              • Yamaha Motor Co. Ltd. - Key offerings
              • Yamaha Motor Co. Ltd. - Segment focus
            • 11.12 Yaskawa Electric Corp.
              • Yaskawa Electric Corp. - Overview
              • Yaskawa Electric Corp. - Business segments
              • Yaskawa Electric Corp. - Key news
              • Yaskawa Electric Corp. - Key offerings
              • Yaskawa Electric Corp. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 12.4 Research methodology
                • Research methodology
              • 12.5 Data procurement
                • Information sources
              • 12.6 Data validation
                • Data validation
              • 12.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 12.8 Data synthesis
                • Data synthesis
              • 12.9 360 degree market analysis
                • 360 degree market analysis
              • 12.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              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

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Articulated Robots market growth will increase by $ 15914.6 mn during 2024-2028 .

              The Articulated Robots market is expected to grow at a CAGR of 16.8% during 2024-2028 .

              Articulated Robots market is segmented by End-user( Automotive, Electrical and electronics, Heavy machinery, Metal, Others)

              ABB Ltd., Comau Spa, Daihen Corp., DENSO Corp., Epson Europe B.V, FANUC America Corp., 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., Yaskawa Electric Corp. are a few of the key vendors in the Articulated Robots market.

              APAC will register the highest growth rate of 70% among the other regions. Therefore, the Articulated Robots market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

              US, China, Germany, UK, Japan

              • Increasing benefits of articulated robotsWith the ongoing advances in technology is the driving factor this market.
              • rising labor costs is the driving factor this market.
              • and intensified competition from low-wage overseas locations is the driving factor this market.
              • the need for robotics and automation in the industrial sector is growing. Besides is the driving factor this market.
              • factors such as a shorter product life cycle and the demand for customization and subsequent part complexity are bolstering the need for automation solutions in the industrial sector. Hence is the driving factor this market.
              • to make the assembly process faster is the driving factor this market.
              • efficient is the driving factor this market.
              • and precise is the driving factor this market.
              • most of the end-user industries are extensively opting for articulated robots as these robots generally increase quality is the driving factor this market.
              • reliability is the driving factor this market.
              • and performance while greatly reducing risks. Articulated robots have always been a preferred choice over their close substitutes. For instance is the driving factor this market.
              • a multi-axis non-servo cartesian device has a lot of components such as cylinders is the driving factor this market.
              • tubing is the driving factor this market.
              • solenoids is the driving factor this market.
              • and switches is the driving factor this market.
              • which increases its complexity and often leads to several points of potential failure. Moreover is the driving factor this market.
              • when compared to SCARA robots is the driving factor this market.
              • articulated robots have the upper hand is the driving factor this market.
              • owing to their flexibility and dexterity. Articulated robots help in cutting costs and improving production efficiency. Articulated robots provide an extra scope of movement that is conceivable through each joint. These robots are utilized for their adaptability and finesse with regard to conducting operations. Moreover is the driving factor this market.
              • as the technology of articulated robotics advances is the driving factor this market.
              • the benefits associated with Cartesian and SCARA robots are expected to dwindle. For instance is the driving factor this market.
              • vertically articulated robots are becoming faster is the driving factor this market.
              • and their control platforms are becoming smaller. As the technology matures is the driving factor this market.
              • they are expected to become less expensive during the forecast period. is the driving factor this market.

              The Articulated Robots market vendors should focus on grabbing business opportunities from the Automotive segment as it accounted for the largest market share in the base year.