In 2023, the global articulated robot market achieved a valuation of USD 9.2 billion. The market is anticipated to grow at a CAGR of 8.3% and reach a value of USD 20.4 billion by 2033.
The adoption of articulated robots is projected to remain high in handling functions and operations. The continuous integration of cutting-edge technologies, such as artificial intelligence (AI) into articulated robots is boosting the demand for AI-enabled robotic solutions.
| Attributes | Details |
|---|---|
| Articulated Robot Market Value (2023) | USD 9.2 billion |
| Projected Market Value (2033) | USD 20.4 billion |
| Value-based CAGR (2023 to 2033) | 8.3% |
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The articulated robot market witnessed robust growth with a 9.2% CAGR during the historical period from 2018 to 2022. Over the next decade, the articulated robot market is projected to progress at a CAGR of 8.3%.
| Attribute | CAGR |
|---|---|
| Historical CAGR from 2018 to 2022 | 9.2% |
The increasing adoption of automation has been a major driving force behind the surge in demand for articulated robots worldwide. Moreover, rising government initiatives further bolster the market's growth prospects.
Articulated robots are designed to cater to various manufacturing industries and offer enhanced productivity and cost reduction, addressing the need for improved competitiveness. These versatile manipulators can be easily reprogrammed to perform myriad tasks, utilizing programmable movements to manipulate objects, tools, components, or specialized devices.
Articulated robots play a crucial role in complex automation and industrial processes. They are especially beneficial in hazardous locations, where they can effectively replace human labor.
As embedded computers, sophisticated sensors, and microelectronics require precision assembly at the micro- and nanoscale, the market gains significant prominence, replacing labor-intensive processes that are not viable for such intricate products.
Demand for articulated robots in the automotive and food & beverage sectors is expected to grow substantially due to the increasing automation penetration. The versatility of these robots allows them to be employed across a wide range of tasks and industries. They are useful in automotive, electrical and electronics, metals, and machinery industries.
Automotive Industry
Increasing automation adoption and rising demand for cost-effective, efficient production processes in automotive assembly lines are fueling the market growth.
Electronics Sector
Articulated robots' versatility and precision assembly capabilities cater to complex microelectronics and nanoscale tasks, driving their adoption in the market.
Hazardous Environments
Articulated robots find significant traction in industries dealing with hazardous materials, offering safety, accuracy, and efficiency improvements.
Food & Beverage Manufacturing
Rising automation in the food and beverage industry propels the demand for articulated robots to streamline packaging and handling operations.
Machinery Manufacturing
Articulated robots optimize machinery production, offering programmable movements for diverse tasks, enhancing productivity and process efficiency.
Metals and Manufacturing
Sales of articulated robots in the metal industry is expected to rise as they perform intricate welding, cutting, and material handling tasks efficiently.
Government Initiatives
Supportive policies and incentives from governments drive the adoption of articulated robots across various industries, accelerating market growth.
Precision Assembly
The growing popularity of embedded computers and sophisticated sensors spurs the demand for articulated robots in precision assembly tasks.
Nanotechnology
Articulated robots meet the precise demands of assembling micro and nanoscale components in the expanding nanotechnology market.
Consumer Electronics
The consumer electronics sector leverages articulated robots for rapid, high-precision manufacturing of electronic devices, meeting rising consumer demands.
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Adoption Barriers
Despite increasing adoption in small and medium-sized businesses, articulated robots face hurdles in low-volume manufacturing. This is due to the need for frequent modifications to meet changing application requirements.
Costly Reconfiguration
Reconfiguring articulated robots is expensive for lower-volume manufacturing companies. This is due to the requirement for changes and adjustments in workspace, reach, and payload capacities.
Industrial Internet Challenges
Integrating data from widely dispersed sensors, devices, and robotics through the industrial internet offers efficiency, but security and data privacy concerns restrict market growth.
Interoperability Issues
IoT faces challenges in achieving interoperability between devices and industrial robots. The varying protocols and designs require significant investments to meet IoT standards.
High Investment and Research Costs
The articulated robot industry faces unfavorable conditions due to the high initial investment and research costs, hindering market expansion.
The section below highlights the growth rates of some important markets. The market in China is expected to grow rapidly compared to the markets in other economies through 2033. The United States market is expected to lead in terms of sales with a value of USD 6.6 billion by the end of the projected period.
| Countries | CAGR from 2023 to 2033 |
|---|---|
| United States | 7.2% |
| United Kingdom | 7.5% |
| China | 9.2% |
| Japan | 7.8% |
| South Korea | 8.7% |
The United States articulated robot market is anticipated to reach USD 6.6 billion by the end of the forecast period. The articulated robot market is expected to advance at a 7.2% CAGR, opening up a wide array of opportunities.
The growth of articulated robots is primarily driven by the increasing penetration of automation across various manufacturing industries in the United States. Additionally, the implementation of stringent worker safety regulations further fuels the demand for articulated robots.
Automation is rapidly gaining traction in the United States to address worker shortages in manufacturing. This enables companies to boost productivity while minimizing labor requirements. Consequently, the adoption of automation across various industries is expected to drive the United States articulated robot market.
China is expected to maintain its rapid growth rate in the global articulated robot market over the projected period. This is attributed to the increasing popularity of factory automation and the presence of leading articulated robot manufacturers in the country.
The China market is anticipated to reach USD 1.8 billion by 2033. Over the next decade, the market is expected to shape the articulated robot market trends to a considerable extent. Notably, articulated robot demand in China witnessed a remarkable 10.7% CAGR from 2018 to 2022. Sales of articulated robots in China are predicted to grow at a 9.2% CAGR over the next ten years.
China has established itself as a frontrunner in robot production, housing several prominent articulated robot companies. These companies are continuously innovating, introducing novel solutions tailored for diverse tasks.
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| Top Payload | Upto 16 Kg |
|---|---|
| CAGR % from 2023 to 2033 | 8.2% |
Sales of articulated robots with a payload capacity of up to 16 kg is expected to remain high through 2033. This is owing to their increasing adoption in the automotive industry for welding and painting applications. Additionally, these robots find extensive use in handling tasks across various industries.
The articulated robot segment with a payload capacity of up to 16 kg witnessed an impressive growth of 9% from 2018 to 2022. The segment is projected to grow at a CAGR of 8.2% over the next decade. The expansion of the automotive, food, chemicals, and metal industries is boosting sales of articulated robots with up to 16 kg payload.
| Top Function | Handling |
|---|---|
| CAGR % from 2023 to 2033 | 8.1% |
The handling function segment holds the leading position in the articulated robot market, with widespread use for lifting and handling heavy materials and components. This segment's significance is due to reduced labor requirements and increased efficiency in industries.
The handling segment experienced a remarkable CAGR of 8.8% from 2018 to 2022. It is projected to continue its upward trajectory at a CAGR of 8.1% over the next decade.
The adoption of articulated robots in the automotive industry for handling heavy parts bolsters market growth. Additionally, the increased utilization of these robots for handling large metal sheets and components in the metal and equipment industry contributes to the segment's higher market share.
The competition landscape in the articulated robot market is characterized by intense rivalry among key players vying for market share. Established articulated robot market manufacturers and emerging players are actively introducing advanced robotic solutions to cater to diverse industry needs.
Companies in the articulated robot market are focusing on enhancing robot capabilities, integrating AI and machine learning technologies, and expanding their product portfolios to stay competitive. Collaborations, strategic partnerships, and mergers and acquisitions are prevalent strategies employed by companies to enhance their market share.
The rising demand for automation and the ever-expanding scope of applications are driving the competition further. This is resulting in a dynamic and evolving marketplace for articulated robots.
Recent Developments in the Articulated Robot Market:
The articulated robot market is anticipated to reach USD 20.4 billion by 2033.
The articulated robot market in the United Kingdom is expected to register 7.5% CAGR through 2033.
The articulated robot market in China is projected to grow at 9.2% through 2033.
Handling sub-segment is projected to lead the market for articulated robots.
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Payload
5.1. Upto 16 Kg
5.2. 16 to 60 Kg
5.3. 60 to 225 Kg
5.4. More than 225 Kg
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Function
6.1. Handling
6.2. Welding
6.3. Dispensing
6.4. Assembling
6.5. Others
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
7.1. 4-Axis or Less
7.2. 5-Axis
7.3. 6-Axis or More
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
8.1. Controller
8.2. Arm
8.3. End Effector
8.4. Drive
8.5. Sensor
8.6. Others
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry
9.1. Automotive
9.2. Electrical and Electronics
9.3. Chemicals, Rubber and Plastics
9.4. Metal and Machinery
9.5. Food and Beverages
9.6. Precision Engineering and Optics
9.7. Pharmaceuticals and Cosmetics
9.8. Others
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. North America
10.2. Latin America
10.3. Europe
10.4. Asia Pacific
10.5. MEA
11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16. Key Countries Market Analysis
17. Market Structure Analysis
18. Competition Analysis
18.1. ABB Ltd.
18.2. Aurotek Corporation
18.3. Denso Wave Incorporated
18.4. Fanuc Corporation
18.5. Kawasaki Heavy Industries Ltd.
18.6. Kuka Aktiengesellschaft (Midea Group)
18.7. Mitsubishi Electric Corporation
18.8. Nachi-Fujikoshi Corp.
18.9. Nimak GmbH
18.10. Seiko Epson Corporation
18.11. Yaskawa Electric Corporation
19. Assumptions & Acronyms Used
20. Research Methodology
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Articulated Robot Market
