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What Factors Propelled the Global Articulated Robot Market Size to Witness a Phenomenal Growth?
The articulated robot market size has significantly grown in recent years. It is set to grow from $17.87 billion in 2024 to $20.59 billion in 2025, recording a Compound Annual Growth Rate (CAGR) of 15.2%. The tremendous growth during the historic period is attributed to the growth in the manufacturing sector, widespread adoption in the automotive industry, the surge in electronics and semiconductors, a focus on efficiency, and various applications in medical and healthcare segments.
The articulated robot market is poised to witness a rapid growth in the forthcoming years. It is projected to grow to $36.92 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 15.7%. The growth during the forecast period can be credited to regulatory support and safety standards, the surge in smart factory developments, evolution in the automotive industry, emphasis on energy efficiency and sustainability, and small and medium-sized enterprises (SMEs) embracing robotics.
Major trends in the forecast period include industry 4.0 and automation, the rise of collaborative robotics, healthcare applications, food and beverage industry, and the integration of Artificial Intelligence (AI).
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How Is The Rising Demand For Industrial Robots Driving The Articulated Robots Market?
The surge in demand for industrial robots is anticipated to fuel the growth of the articulated robots market. Industrial robots are mechanical systems or machines that are programmed to perform production-related activities autonomously in industrial settings. Articulated robots, resembling human counterparts, are extensively used in various industrial applications. For instance, as of September 2024, according to a report by the International Federation of Robotics, 4,281,585 units were operating in factories worldwide, signifying a 10% increase from the previous year. Annual installations surpassed half a million units for three consecutive years, with Asia being the top region for deploying new robots (70%), followed by Europe (17%) and the Americas (10%). Hence, the increasing demand for industrial robots is pushing the growth of the articulated robot market.
What Are The Major Segments Within The Articulated Robot Market?
1) By Type: 4-Axis Or Less, 5-Axis, 6-Axis Or More
2) By Payload: Up To 16 Kg, 16 To 60 Kg, 60 To 225 Kg, More Than 225 Kg
3) By Function: Handling, Welding, Dispensing, Assembly, Processing, Other Functions
4) By Component: Controller, Arm, End Effector, Drive, Sensor, Other Components
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Who Are The Major Players In The Articulated Robot Market?
Prominent companies operating in the articulated robot market include ABB Ltd., FANUC Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Omron Adept Technology Inc., Mitsubishi Electric Corporation, Seiko Epson Corporation, Denso Wave Incorporated, Nachi-Fujikoshi Corp., Yaskawa Electric Corporation, Aurotek Corporation, Stubli International, ST Robotics, Toshiba Machine Co. Ltd., Yamaha Motor Co. Ltd., Cassioli Group, DAIHEN Corporation, Comau, Universal Robots, Epson Robots, Midea Group, B+M Surface Systems GmbH, Wittmann Battenfeld Group, Hanwha Corporation/Momentum, Gudel AG, Hyundai Robotics, Techman Robot, Franka Emika, AUBO Robotics, and F&P Robotics AG.
What Are The Emerging Trends In The Articulated Robot Market?
Rapid technological changes are emerging trends gaining popularity in the articulated robot market. Key players are focusing on advancements such as collaborative robots, commercial drones, AI-enabled robots, self-healing robots, cloud robots, and custom robots to maintain a competitive edge in the market. For instance, Comau, an Italy-based automation company, launched its high-speed, energy-efficient S-Family of robots in May 2024. These robots, ranging from 13 kg to 18 kg payloads, are designed specifically for arc welding and handling applications where precision, repeatability, and speed are critical. The S-Family robots aim to optimize industrial processes’ performance, ensuring high levels of accuracy and efficiency in demanding environments.
What Is The Regional Outlook For The Articulated Robot Market?
Asia-Pacific was the largest region in the articulated robots market in 2024. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Articulated Robot Market Report 2025 Offer?
The Articulated Robot refers to a type of robot with rotational joints and up to 10 or more axes. The rotary joints facilitate a comprehensive range of motion, considerably expanding the robot’s capabilities as they can rotate over numerous planes. The movement pattern and accuracy closely resemble a human arm. The Articulated Robot Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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