Articulated Robots Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRTNTR46694
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The articulated robots market has the potential to grow by USD 6.12 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.08%.

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. Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing benefits of articulated robots is notably driving the articulated robots market growth, although factors such as increased competition from scara robots may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the articulated robots market industry get your FREE report sample now.

This report provides extensive insights on segmentation by end-user (automotive, electrical and electronics, heavy machinery, metal, and others) and Geography (APAC, Europe, North America, MEA, and South America). The articulated robots market report also offers information on several market vendors, including ABB Ltd., Comau Spa, FANUC Corp., Midea Group Co. Ltd., Mitsubishi Electric Corp., NACHI-FUJIKOSHI Corp., OMRON Corp., Seiko Holdings Corp., Yamaha Motor Co. Ltd., and Yaskawa Electric Corp. among others.

What will the Articulated Robots Market Size be in 2021?

Articulated-Robots-Market-Market-Size-2020-2025

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Articulated Robots Market: Key Drivers and Trends

  • The increasing benefits of articulated robots is one of the major factors driving the growth of the market during the forecast period.
  • With the ongoing advances in technology, rising labor costs, and intensified competition from low-wage overseas locations, the need for robotics and automation in the industrial sector is growing. 
  • 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.
  • To make the assembly process faster, efficient, and precise, most of the end-user industries are extensively opting for articulated robots as these robots generally increase quality, reliability, and performance while greatly reducing risks.
  • 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. 
  • With the increasing demand for vehicles across the world, the competition among automotive players is expected to intensify during the forecast period.
  • The demand for high efficiency and productivity in automotive manufacturing processes is likely to increase significantly. 
  • Automation in the automobile manufacturing facilities will accelerate the demand for articulated robots.
  • The imposition of stringent vehicle safety regulations across the world is also compelling automotive OEMs to integrate advanced electronics in their vehicles to ensure driver safety.
  • The integration of a large number of electronics in automobiles is accelerating the demand for integrated circuits such as microcontroller units (MCUs), microprocessor units (MPUs), memory devices, and power electronics.
  • The adoption of electronics in the automotive industry will drive the need for articulated robots in both automotive and electronics manufacturing units.

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. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Articulated Robots Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Comau Spa
  • FANUC Corp.
  • Midea Group Co. Ltd.
  • Mitsubishi Electric Corp.
  • NACHI-FUJIKOSHI Corp.
  • OMRON Corp.
  • Seiko Holdings Corp.
  • Yamaha Motor Co. Ltd.
  • Yaskawa Electric Corp.

 

The articulated robots market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the articulated robots market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Articulated Robots Market?

Articulated-Robots-Market-Market-Share-by-Region-2020-2025

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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 is one of the prime factors that will facilitate the articulated robots market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Articulated Robots Market?

Articulated-Robots-Market-Market-Share-by-End-2020-2025

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Factors such as the increasing complexity in the manufacturing of passenger cars, the growing preference for electric vehicles/hybrids over internal combustion engines (ICE), and the rising concerns regarding labor safety in the automotive industry are expected to drive the market for articulated robots during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the articulated robots market size.

 

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What are the Key Factors Covered in this Articulated Robots Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive articulated robots market growth during the next five years
  • Precise estimation of the articulated robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the articulated robots industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of articulated robots market vendors

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Articulated Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2021-2025

$ 6.12 billion

Market structure

Fragmented

YoY growth (%)

5.23

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Comau Spa, FANUC Corp., Midea Group Co. Ltd., Mitsubishi Electric Corp., NACHI-FUJIKOSHI Corp., OMRON Corp., Seiko Holdings Corp., Yamaha Motor Co. Ltd., and Yaskawa Electric Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Automotive - Market size and forecast 2020-2025
    • Electrical and electronics - Market size and forecast 2020-2025
    • Heavy machinery - Market size and forecast 2020-2025
    • Metal - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers – Demand led growth
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ABB Ltd.
      • Comau Spa
      • FANUC Corp.
      • Midea Group Co. Ltd.
      • Mitsubishi Electric Corp.
      • NACHI-FUJIKOSHI Corp.
      • OMRON Corp.
      • Seiko Holdings Corp.
      • Yamaha Motor Co. Ltd.
      • Yaskawa Electric Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The articulated robots market growth will increase by $6126.33 million during 2020-2025.
      The articulated robots market is expected to grow at a CAGR of 10.08% during 2020-2025.
      Technavio has segmented the articulated robots market by end user (Automotive, Electrical and electronics, Heavy machinery, Metal, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
      ABB Ltd., Comau Spa, FANUC Corp., Midea Group Co. Ltd., Mitsubishi Electric Corp., NACHI-FUJIKOSHI Corp., OMRON Corp., Seiko Holdings Corp., 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 39.19% 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.
      The key factors driving the articulated robots market growth are:
      • Increasing benefits of articulated robots
      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.
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