The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased need for industrial robots is likely to stimulate innovation in the manufacturing of articulated robots, boosting the market during the forecast period.

The global articulated robot market is expected to grow from $13.44 billion in 2022 to $15.59 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The articulated robots market is expected to grow to $27.36 billion in 2027 at a CAGR of 15.1%.

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Global Articulated Robot Market Segments Include:

• By Type: 4-Axis Or Less, 5-Axis, 6-Axis Or More
• By Payload: Up to 16 Kg, 16 to 60 Kg, 60 to 225 Kg, More Than 225 Kg
• By Function: Handling, Welding, Dispensing, Assembly, Processing, and Other Functions
• By Component: Controller, Arm, End Effector, Drive, Sensor, Other Components
• By End Industry: Automotive, Electrical And Electronics, Chemicals, Rubber And Plastics, Metal And Machinery, Food And Beverages, Precision Engineering And Optics, Pharmaceuticals And Cosmetics, and Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global articulated robot market in 2021.

Major Market Players 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.

Rapid technological changes are the most popular trend in the articulated robot market. To achieve a competitive advantage in the industry, key players are concentrating on developments such as collaborative robots, commercial drones, AI-enabled robots, self-healing robots, cloud robots, and customised robots. OMRON Corporation, a US-based maker of control equipment, factory automation systems, electronic components, automotive electronics, ticket vending machines, and medical equipment, for example, will release the HD-1500 autonomous mobile robot in July 2020. The OMRON HD-1500 can carry up to 1500 kg of payload. OMRON’s mobile robots can choose the ideal path for material transfer while securely avoiding people and other obstacles without the use of magnetic floor tapes or other guidance systems.

The Articulated Robot Global Market Report 2023 provides a articulated robot market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The articulated robot market forecast analyzes articulated robot market size, articulated robot market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An articulated robot is one that contains rotational joints and up to ten or more axes. Because they can spin in many planes, the rotary joints provide a full range of motion and considerably enhance the robot’s capabilities. The precision and movement pattern are similar to that of a human arm.

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