Articulated Robot Market

Articulated Robot Market Outlook (2023-2033)

The global articulated robot market is anticipated to be valued at US$ 11.4 billion in 2023 and it is anticipated to grow at a CAGR of 13.8% to reach US$ 41.5 billion by the end of 2033.

Articulated robots contain 2 to 10 axes or more axes, these are typically powered by servo motors. Most of the robots used in industrial applications have about four to six axes, robots with six axes being the most commonly used for robots in manufacturing especially in automotive.

Report Attributes	Details
Estimated Market Value (2023E)	US$ 11.4 Billion
Forecasted Market Value (2033F)	US$ 41.5 Billion
Global Market Growth Rate (2023-2033)	~13.8% CAGR
North America Market Share (2023)	~30.1%
East Asia Market Growth Rate (2023-2033)	~13.0% CAGR
Europe Market Growth Rate (2023-2033)	~14.1% CAGR
Key Companies Profiled	ABB Denso Corporation Yaskawa FANUC KUKA Omron Corporation Staubli Seiko Epson Corporation ST Robotics Kawasaki Heavy Industries Mitsubishi Electric Corporation

Historic and Future Path for Articulated Robot Market

Articulated robots work similarly to a human arms. Articulated robots have applications in material handling, welding, despising, painting, cutting, and loading & unloading in various end-use industries, especially in manufacturing. These robots provide efficiency while performing complex tasks like handling heavy materials or products which might be unsafe for humans.

• Growth Factors for Short Term (2023-2026): Growing automotive industry across the globe to boost the demand for articulated robots as they have multiple applications in the automotive industry for material handling.
• Factors for Medium-Term Growth (2026-2029): Various efforts are taken by the government to increase domestic manufacturing in developing countries to boost the demand for articulated robot market in coming years.
• Long Term Growth Opportunities (2029-2033): Manufacturers are to offer aftersales services and pricing strategy coupled with the integration of advanced technology to drive the sales of the articulated robots.

Over the 2018-2022 historical period, the global articulated robot market registered a CAGR of 12.0%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.8% CAGR between 2023 and 2033.

Market share analysis of articulated robots based on end-use industry and region is provided in a nutshell in the above image. Under the end-use industry segment, the automotive & aerospace sub-segment dominates with a 25.1% market share in 2023.

“Plethora of Applications to Drive the Sales of the Articulated Robots”

The growing use of articulated robots in various end-use industries such as automotive, chemical, food & beverage, and packaging is likely to boost the demand for articulated robots market in the coming years.

The automotive industry is flourishing and is anticipated to offer immense growth opportunities for the market.

For instance, the China Association of Automobile Manufacturers (CAAM) stated that in July 2022, the PMI of the automobile industry was higher than 52.0%, which was better than the overall manufacturing sector.

The growing automotive industry is likely to boost the demand for articulated robots. As articulated robots have a wide application. Also, the six-axe robot is the most common type of robot required in the automotive industry. These factors are likely to boost the articulated robot market in the coming years.

“Availability of Alternative Products to Restrain Sales Growth”

Commercially available substitute products for articulated robots such as Scara robots and Cartesian robots hamper the sales of articulated robots. As these products offer similar properties and performance to the articulated robot.

Scara robots can be used in various end-use industries such as automotive, chemical, food & beverages for applications such as assembly, and palletizing which are considered some of the prime applications of articulated robots.

Additionally, scara robots offer to add on advantage over articulated robots as it is considered to be one of the fastest robots when it comes to speed. Scara robots have fewer axes and are smaller in size than articulated robots which makes them able to operate at greater speed. Because of their wide use, scara robots can restrain the growth of the articulated robots market.

Country-wise Insights

Why the US Increases its Demand for Articulated Robots in the Coming Years?

The United States articulated robot market is expected to expand at a CAGR of 16.5% over the projected period.

The United States is among the largest producer as well as consumers of various types of electrical & electronic equipment and also one of the largest markets for automotive. Due to the presence of some of the leading automotive companies such as Ford, General Motors, and Tesla, which are expected to boost the demand for articulated robots.

As articulated robots are useful in the manufacturing process of automotive vehicles as it is used for assembling, welding, material handling, heavy-weight lifting, and painting, among others.

How China Articulated Market is Expected to Grow?

Over the years, China has witnessed rapid expansion in the chemical industry. China’s Chemical industry is valued at over US$ 1.8 trillion in 2021 and is expected to continue its dominance as the largest chemical manufacturing country across the globe.

This is likely to offer immense growth opportunities to the articulated robot market as articulated robots are used for operating dangerous tasks which could risk human lives and also require higher efficiency. Also, it helps to improve task productivity, reduces waste, cleanroom working, and many more challenging tasks can be done easily. Such factors drive the sales of articulated robots in China.

It is anticipated that China will lead the market in the forecast period and will grow at a CAGR of 13.6% and increases the sales of the product.

Category-wise Insights

Which End-Use Industry is Expected to Drive the Articulated Robot Market?

The automotive and aerospace industry is likely to dominate the global articulated robot market during the forecast period. Articulated robots are widely used in the automotive industry for manufacturing purpose, it has applications such as assembly, arc welding, material handling, machine tending, and many more, during the manufacturing process.

With the use of articulated robots in the automotive industry manufacturers have been successfully able to increase automotive production capacity, reduce cost, and improve quality.

The growing automotive industry in developed as well as developing nations is likely to create significant opportunities for the growth of the articulated robot market. The automotive and aerospace industry is likely to grow at a CAGR of 15.8% during the forecast period.

Which Application Will Led the Market Growth?

Articulated robots are the most preferred type of robot used in industrial automation. It is used in industry due to its incredible versatility.

More than half of the currently used robots are used in welding automation. The welding process requires accuracy, skill, and precision which is why industrial robots are preferred for industrial automation. Welding comes under two categories that are arc welding and resistance welding. The use of articulated robots enhances work performance and reduces occupational injuries.

Material handling in the application segment is expected to capture 31.2% of the market share in 2023 and is anticipated to grow at a CAGR of 15.4% during the forecast period.

Market Titans Key Strategies

Prominent articulated robot manufacturers are ABB, Denso Corporation, Yaskawa, FANUC, Kuka, Omron, Staubli, Epson America, ST Robotics, and other players.

Manufacturers are also adopting merger and acquisition strategies to increase their global presence, especially in the emerging market where industrialization is expanding and the adoption of robots is prevailing. Further, the aftersales services and pricing strategy coupled with customization, to augment the sales growth of articulated robots.

Fact.MR has provided detailed information about the price points of key manufacturers of articulated robot positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Articulated Robot Industry Research

• By Payload Capacity :

  • Up to 16 Kg
  • 16-60 Kg
  • 60-225 Kg
  • 225 & Above

• By Application :

  • Assembly
  • Arc Welding
  • Machine Handling
  • Machine Tending
  • Cutting
  • Painting

• By End-Use Industries :

  • Automotive & Aerospace
  • Metals
  • Electronics
  • Food & Beverages
  • Pharmaceuticals
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA