Robot Arms Market

Robot Arms Market Growth Outlook (2023-2033)

The global robot arms market is set to surpass a valuation of US$ 26.2 billion in 2023 and further expand at a CAGR of 11.4% to reach US$ 77.2 billion by the end of 2033.

Sales of robot arms accounted for around 67.9% of the overall global robots market at the end of 2022.

Report Attributes	Details
Robot Arms Market Size (2022A)	US$ 23.2 Billion
Estimated Market Value (2023E)	US$ 26.2 Billion
Forecasted Market Value (2033F)	US$ 77.2 Billion
Global Market Growth Rate (2023-2033)	11.4% CAGR
North America Market Share (2023)	~ 18.2%
North America Market Value (US$ Mn), 2023	US$ 4.7 Billion
Europe Market Share (%), 2023	~22.2%
Europe Market Value (US$ Mn), 2023	US$ 5.8 Billion
China Market Share (%), 2023	~31.2%
China Market Value (US$ Mn)	US$ 8.1 Billion
Top 3 country Market Share (%)	~55.6%
Key Companies Profiled	ABB Amazon DENSO Robotics EVS TECH CO., LTD FANUC Corporation KUKA AG Omron Corporation Stäubli International AG Universal Robots A/S Yaskawa Electric Corporation

Sales Analysis of Robot Arms (2018-2022) Vs. Market Forecast Outlook (2023-2033)

As per the research by Fact.MR, from 2018 to 2022, the market value of robot arms increased at a rate of 6.2% CAGR, with U.S., China, Japan and Germany commanding high shares in the global market.

Robot arms are growing by thousands every year in manufacturing, logistics services and supply chain operations, and can be predicted that robot arms market may have a market value of US$ 26.2 Bn in 2023. One of the reasons for the growing use of robot arms is significantly rising customer demand, especially post pandemic. Robotic arms are not completely replacing human workers, instead are taking over mundane, routine jobs and providing assistance for companies with labor shortage issues.

The global market is expected to witness prominent growth with an overall absolute dollar opportunity accounting to US$ 53.9 Bn. Fact.MR estimates that the growth of the global robot arms market will be 2.9 times by 2033.

Robotic arms carry out assistance in high volume production of many industries including automotive, electronics, metal/ chemical production, material handling and even increasingly, food processing. The past market behavior of robot arms have been cyclic, characterized by periods of booms and busts. The market is now in a period of sustained growth, owing to developments in Asia, more specifically China.

Rising demand for advanced technologies such as machine learning and artificial intelligence are driving the demand for robotic arms. Growing demand for automation in the industries will further propel the sales of robot arms.

• Short Term (2023 Q1 to 2026): Labor shortage caused by the pandemic to improve the sales of robot arms.
• Medium Term (2026-2029): Increasing R&D investments and development of new technologies such as collaborative robots and AI-enabled robots would contribute to the increased sales of robot arms.
• Long Term (2029-2033): Emergence of Industry 5.0 to will improve long-term growth in the market.

Over the 2018-2022 historical period, the global robot arms market registered a CAGR of 6.2%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is anticipated to exhibit growth at 11.4% CAGR between 2023 and 2033.

Market share analysis of robot arms based on application and region is provided in a nutshell in the above image. Under the application segment, the pick and place robot arms will dominate with 19.2% market share in 2023.

What’s Driving Demand for Robot Arms?

“Adoption of Robot Arms in Diverse End Use Sectors to Boost the Sales of Robot Arms”

From manufacturing to automotive to agriculture, robot arms are one of the most common types of robots used currently. Robot arms are flexible and can be programmed to do countless number of tasks in a variety of environments. They are employed in factories to automate implementation of repetitive jobs, in warehouses to move, turn, lift and maneuver items, in farm fields to pick and place fruits or vegetables.

Moreover, as business priorities change, robot arms can be repurposed for new activities easily or mounted onto different platform like a stationary assembly line platform, Autonomous Mobile Robots (AMR), or wall or shelves.

The capabilities of robotic arms expand to enable new use cases and business operation models as robotic technologies develop and industrial environments become more connected. As a result, the demand for robot arms is estimated to witness considerable growth in successive years for diverse end use applications.

“Integration of Advanced Technologies Propelling Robot Arms Market”

The rise in adoption of robotic arms with machine learning and artificial intelligence is positively influencing the market. AI allows robot arms to perform dynamic and intricate tasks for sophisticated operations with superhuman accuracy. For example, manufacturers incorporate AI for tasks that require computer vision and object recognition. Image recognition algorithm based on AI have incredible accuracy and allow robotic arms to perform operations such as locating and placing objects specific objects.

For instance, GXO Logistics Inc. is using a robotic arm with camera vision to fasten order fulfillment processes at warehouse in Netherlands. With more and more facilities increasingly relying on advanced technologies, robot arms is expected to witness a rising demand over the forecast period.

What Concerns Should Robot Arms Manufacturers Watch Out For?

“High Initial Investment Costs to Hinder the Market Growth”

An industrial robot arm costs anywhere from US$ 25,000 to US$ 40,000; even though the price has dropped more than 25 percent since 2014 and is expected to drop an additional 22 percent by 2025. Moreover, with the addition of other peripherals like controllers, end of arm tooling (EOAT), a teach pendant and software, the cost goes even higher. The factors involved in the cost of a robot arm are robot size, application, number of axes, EOAT and safety components.

High capital investment is required to set up robot arms in automated facilities, which may discourage various end use industries from adopting robot arms in place of manual labor.

Small and medium-sized companies have relatively small budgets and cannot afford to spend high capital on the installation of robot arms, which will act as a restraint on the market. However, the true cost of operating a robot arm saves in labor costs and factor in more than just the initial cash outlay.

Country-wise Insights

What Makes Japan the Center Stage for Robot Arms?

Japan leads the globe in the robotics field with highly competitive research, development and applied technologies. The country has been a major adopter of robotic technology for long and started its rapid automation spree since 1990s.

Today, Japan has many leading global suppliers and boasts great technical know-how. Japan delivers 45% of industrial robot global supply and has a presence of leading manufacturers like Kawasaki, Fanuc, Yaskawa, Daifuku and SMC.

For instance, Telexistence Inc. a Tokyo based robotics company, announced a new partnership with FamilyMart, a Japanese convenience store chain to reshelf 300 stores with robot arms. Japan is predicted to hold a market share of 8% at global level in 2023 and is expected to reach a valuation of US$ 2.1 Bn owing to aforementioned factors.

How does China Fare in the Robot Arms Market?

China started the robotic technology fray from 2000 and accelerated the activities from 2012. China installed a significant number of robots in its factories in 2021 accelerating a rush to automate and consolidate its manufacturing dominance. In 2021, shipments of industrial robots to China rose by 45% compared to 2020. It is this rapid growth of China that has pushed the market into its growth super cycle.

The International Federation of Robotics data shows that China installed around twice as many new robots in factories compared to Americas and Europe. Due to the these factors, China is expected to reach a valuation of US$ 8.1 Bn by 2023 growing at a CAGR of 8.6% over forecast period.

Category-wise Insights

How Robot Arms for Healthcare as End Use Industry to be Focus for Manufacturers?

Robotic assisted surgery enables to receive sophisticated treatments with less downtime and enhances the capabilities of surgeon. The most widely used robotic arms include camera arm and mechanical arms with surgical instruments attached.

These robots are increasingly becoming better equipped with sensing tools. Robotic assisted surgery has become a key commercial reality over the past years and several companies have launched their products with approvals.

In 2023, the demand for robot arms for healthcare end use industry is predicted to have a market share of 16.3% and a market value of US$ 4.2 Bn and hence is expected to have a huge demand in the future as well.

How are Collaborative Arms Expected to Perform in the Market?

The market for collaborative robot arms have been experiencing high year-on-year growth and are also opening automation opportunities to small to medium-sized businesses.

Ensuing the success of early pioneers, the market has multiple products in collaborative arms and suppliers covering a wide spectrum of performance levels and price. It is also widely popular due to its key feature of safety since they are in close proximity with human.

Collaborative robot arms are predicted to have a market value of US$ 5.5 Bn by 2023 and is expected to capture nearly 21.3% of the demand in the robot arms market.

Competitive Landscape

Prominent manufacturers of the robot arms industry globally are ABB, Amazon, DENSO Robotics, EVS TECH CO., LTD, FANUC Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Omron Corporation, Stäubli International AG, Universal Robots A/S and Yaskawa Electric Corporation.

Manufacturers of robot arms are developing robot arms with advances in artificial intelligence (AI), machine learning (ML), Internet of Things (IoT) and big data. For instance, in November 2022, Amazon launched “Sparrow”, a robotic arm that can perform repetitive warehouse tasks. Sparrow incorporates artificial intelligence and computer vision to move products before they are packaged.

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

Segmentation of Robot Arms Industry Research

• By Type :

  • Cartesian Robotic Arms
  • Cylindrical Robotic Arms
  • Polar/ Spherical Robotic Arms
  • SCARA Robotic Arms
  • Collaborative Arms
  • Articulated Arms
  • Delta Robots

• By Application :

  • Palletizing
  • Inspection
  • Machining
  • Material Handling
  • Painting
  • Pick and Place
  • Surgical
  • Welding
  • Others

• By End Use Industry :

  • Aerospace
  • Automotive
  • Food and Beverages
  • Healthcare
  • Industrial Machinery
  • Logistics & Supply Chain
  • Pharmaceuticals
  • Semiconductor and Electronics
  • Other End Use Industries

• By Region :

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