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How much is the robotic arm market worth, and how is it expected to expand?
The robotic arm market size has grown rapidly in recent years. It will grow from $36.93 billion in 2024 to $43.22 billion in 2025 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to industrial automation increasing the demand for robotic arms, rising demand for robotics, warehouses to streamline processes, and demand for advanced robots.
The robotic arm market size is expected to see rapid growth in the next few years. It will grow to $80.82 billion in 2029 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to robotic arms used in manufacturing, enhanced efficiency, precision, and speed in production processes, increasing productivity and cost-effectiveness, automation in various sectors, including automotive, and growth in e-commerce. Major trends in the forecast period include the growing complexity of manufacturing processes, technological advancements in robotics, advanced technological infrastructure, advancement of robotic arms in healthcare, and increasing technological integration.
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Which industry factors have accelerated the robotic arm market’s expansion?
The expansion of the e-commerce industry is expected to propel the growth of the robotic arm market going forward. The e-commerce industry refers to the buying and selling goods and services over the internet. It has transformed how businesses and consumers interact, offering convenience, accessibility, and a global reach. The growth of e-commerce is driven by the widespread use of smartphones, internet access, and a broad selection of online products. Robotic arms are crucial in optimizing supply chain and logistics operations within the e-commerce industry, enabling businesses to manage inventory more efficiently, reduce operational costs, and enhance overall productivity. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, in 2023, e-commerce sales were projected to reach $1,118.7 billion, marking a 7.6% (±1.2%) increase from 2022, while total retail sales saw a 2.1% (±0.4%) rise over the same period. In 2023, e-commerce sales constituted 15.4% of total sales, compared to 14.7% in 2022. Therefore, the expansion of the e-commerce industry is driving growth in the robotic arm market.
What are the primary segments of the robotic arm market?
The robotic arm market covered in this report is segmented –
1) By Type: Articulated, Cartesian, Selective Compliance Articulated Robot Arm (SCARA), Spherical Or Polar, Cylindrical, Other Types
2) By Payload Capacity: Less Than 500 Kilogram (KG), 500-3000 Kilogram (KG), 3001 Kilogram (KG) And Above
3) By Axis: 1-Axis, 2-Axis, 3-Axis, 4-Axis, 5-Axis, 6-Axis, 7-Axis
4) By Application: Materials Handling, Cutting And Processing, Soldering And Welding, Assembling And Disassembling, Other Applications
5) By End-User Industry: Automotive, Electrical And Electronics, Metals And Machinery, Plastics And Chemicals, Food And Beverages, Other End-User Industries
Subsegments:
1) By Articulated: 6-Axis Robotic Arms, 7-Axis Robotic Arms, Multi-Axis Robotic Arms
2) By Cartesian: Gantry Robots, XYZ Cartesian Robots
3) By Selective Compliance Articulated Robot Arm (SCARA): 4-Axis SCARA Robots, 5-Axis SCARA Robots
4) By Spherical Or Polar: Spherical Robots (Polar Coordinates), Polar Robotic Arms With Rotational Axes
5) By Cylindrical: Cylindrical Robotic Arms
6) By Other Types: Delta Robots, Parallel Robots, Hybrid Robotic Arms, Collaborative Robots
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Which firms are leading the robotic arm market?
Major companies operating in the robotic arm market are LG Electronics Inc., Panasonic Corporation, Mitsubishi Electric Corporation, ABB Ltd., Kawasaki Heavy Industries Ltd., Seiko Epson Corporation, Omron Corporation, FANUC America Corporation, Yaskawa Electric Corporation, Kuka AG, Nachi-Fujikoshi Corp., Stäubli International AG, Comau, Universal Robots A/S, Boston Dynamics, SoftBank Robotics America Inc., Flexiv Robotics Inc., Franka Robotics GmbH, Dobot, Gridbots Technologies Private Limited, DENSO WAVE INCORPORATED, EVS Tech Co. LTD.
Which market trends are set to define the future of the robotic arm market?
Major companies operating in the robotic arm market are focusing on developing innovative products such as modular high-performance robots to provide flexible, high-performance robotic solutions for various industrial applications, enhancing productivity and sustainability. Modular high-performance robots are versatile robotic systems composed of interchangeable components that can be reconfigured to perform a variety of tasks efficiently, adapting their shape and function based on specific operational needs. For instance, in May 2024, ABB Ltd., a Switzerland-based engineering company, launched the IRB 7710 and IRB 7720 robots as part of its modular large robot portfolio. These robots offer a 25% reduction in cycle times and deliver class-leading path accuracy down to 0.6 mm at high speeds of up to 1600 mm/s. The robots are designed to handle payloads of up to 620 kg, making them ideal for applications in automotive, logistics, and construction industries, ensuring improved productivity and energy efficiency with up to 30% energy savings.
Which geographic trends are shaping the robotic arm market, and which region has the highest market share?
North America was the largest region in the robotic arm market in 2023. Asia-Pacific is expected to be the fastest growing region in the market going forward. The regions covered in the robotic arm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Robotic Arm Market Report 2025 Offer?
The robotic arm market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A robotic arm is a mechanical device typically designed to perform tasks that require precision and dexterity, mimicking the movements of a human arm. It consists of several segments connected by joints, allowing it to articulate and maneuver in various directions.
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