2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Major Market Drivers Are Expected to Boost the Growth Potential of the Robotic Arm Market?

The robotic arm market is expected to expand as the e-commerce sector grows. Online retail is thriving due to internet access, mobile usage, and product variety. Robotic arms enhance e-commerce logistics by improving inventory handling and operational efficiency. In February 2024, the US Census Bureau reported 2023 e-commerce sales at $1,118.7 billion, up 7.6% from 2022, making up 15.4% of total retail sales. Therefore, e-commerce expansion is driving the robotic arm market.

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#How Will the CAGR of the Robotic Arm Market Influence Its Overall Growth by 2034?

The robotic arm market has experienced rapid growth 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%. This growth is attributed to the increased demand for industrial automation, the rise in robotics applications in warehouses, and the growing demand for advanced robots.

The robotic arm market is expected to reach $80.82 billion by 2029, growing at a CAGR of 16.9%. Contributing factors include the use of robotic arms in manufacturing, increased automation, and e-commerce growth. Key trends include manufacturing complexity, technological advancements, healthcare applications, and technological integration.

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What Are the Key Market Innovations in theRobotic Arm Market Over the Coming Years?

Companies in the robotic arm market are developing modular high-performance robots to provide versatile and efficient robotic solutions. In May 2024, ABB Ltd. launched the IRB 7710 and IRB 7720 robots, which offer reduced cycle times, high-speed path accuracy, and energy efficiency, making them ideal for industries such as automotive and logistics.

Who Are the Top Companies Driving Innovation and Growth in theRobotic 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.

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Which Key Market Segments Comprise the Robotic Arm Market and Drive Its Revenue Growth?

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 Regions Are Emerging as Leaders in the Robotic Arm Market?

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.

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