Articulated Robots Market by Axis (4-axis, 5-axis, 6-axis, 7-axis), by Component (Hardware, Software, Services), by Application (Material Handling, Assembling, Welding, Molding), by Region (Asia-Pacific, North America, Europe, Middle East & Africa) – Global Forecast (2017 to 2024)
Articulated Robots Market: Summary
The global articulated robots market is estimated to reach USD 25.6 Billion in 2024 at a CAGR of 15.8%. Adoption of Industrial Internet of Things (IIOT) technology is expected to drive the articulated robots market during the forecast period. However, High initial investment cost is expected to restrain the market during the forecast period. Open automation architecture is expected to become an opportunity for articulated robots market.
Articulated robot is a robot which has rotary joints. Number of rotary joints can vary from two to ten or more. Articulated robots enable articulated and interpolated movement to any extent within the work area. Some key players in articulated robots market are FANUC Corp., Yaskawa Electric Corp., ABB Ltd., Kawasaki Heavy Industries Ltd and Nachi-Fujikoshi Corp. among others.
Articulated Robots Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global articulated robots market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of axis, the market is segmented into 4- axis, 5- axis, 6- axis, and 7- axis. By component, the articulated robots market is segmented into hardware, software, and services. By load capacity, the articulated robot market is segmented into low, medium, high, and heavy. By application, the articulated robots market is segmented into material handling, assembling, welding, molding, and others. By end use industry, the articulated robots market is segmented into automotive, aerospace, chemical, consumer goods, electronics, energy, healthcare, manufacturing, and others.
Articulated Robot Market: Report Scope
The report on the articulated robots market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million)
Axis, Component, Load Capacity, Application, End Use Industry
Asia-Pacific, North America, Europe, Middle East & Africa, South America
Key Companies Covered
- FANUC Corp. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Yaskawa Electric Corp.
- ABB Ltd.
- Kawasaki Heavy Industries Ltd
- Nachi-Fujikoshi Corp.
- DENSO Corporation
- KUKA AG
- Mitsubishi Electric Corporation
- Seiko Epson Corporation
- Stäubli International AG
- Other Key Companies
Articulated Robots Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Articulated Robots Market by Axis
- 4- Axis
- 5- Axis
- 6- Axis
- 7- Axis
Articulated Robots Market by Component
- End Effector
Articulated Robots Market by Load Capacity
Articulated Robots Market by Application
- Material Handling
Articulated Robots Market by End Use Industry
- Consumer Goods
Articulated Robots Market by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
- Articulated Robots Providers
- Articulated Robots Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Articulated Robots Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ARTICULATED ROBOTS MARKET STUDY
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1 Adoption of Industrial Internet of Things (IIOT) Technology
4.2.2 Increasing Demand for Efficiency in Production
4.3.1 High Initial Investment Cost
4.3.2 High Ongoing Cost
4.4.1. Open Automation Architecture
4.4.2. Cost- Effective Configurations
4.5.1. Issues in Industrial Cybersecurity
4.5.2. Scarcity of Skilled Workforce
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 GLOBAL ARTICULATED ROBOT MARKET BY AXIS, Market Size in USD Million (2017—2024)
6.2 4- Axis
6.3 5- Axis
6.4 6- Axis
6.5 7- Axis
7 GLOBAL ARTICULATED ROBOT MARKET BY COMPONENT, Market Size in USD Million (2017—2024)
7.2.3 End Effector
7.4.1 Managed Services
7.4.2 Professional Services
8 GLOBAL ARTICULATED ROBOT MARKET BY LOAD CAPACITY, Market Size in USD Million (2017—2024)
9 GLOBAL ARTICULATED ROBOT MARKET BY APPLIACTION, Market Size in USD Million (2017—2024)
9.2 Material Handling
10 GLOBAL ARTICULATED ROBOT MARKET BY END USE INDUSTRY, Market Size in USD Million (2017—2024)
10.5 Consumer Goods
11 GLOBAL ARTICULATED ROBOT MARKET BY REGION, Market Size in USD Million (2017—2024)
11.1 North America
11.2.6 Rest of Europe
11.3.4 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Middle East & Africa
11.4.1 Saudi Arabia
11.4.3 Rest of Middle East
11.5 South America
11.5.3 Rest of South America
12 COMPETITIVE LANDSCAPE
12.2 Market Ranking/Share Analysis of Key Companies
12.3 Company Benchmarking
13 COMPANY PROFILES
13.1 FANUC Corp.
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products/Solutions/Services Offered
13.1.4 Key Developments
13.1.5 SWOT Analysis
13.2 Yaskawa Electric Corp.
13.3 ABB Ltd.
13.4 Kawasaki Heavy Industries Ltd
13.5 Nachi-Fujikoshi Corp.
13.6 DENSO Corporation
13.7 KUKA AG
13.8 Mitsubishi Electric Corporation
13.9 Seiko Epson Corporation
13.10 Stäubli International AG
13.11 Other Key Companies
14.1 Key Industry Expert Insights
14.2 Primary Discussion Guide
14.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
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Key Questions Answered by the Report
- Major factors impacting the market and its growth
- Evolving Types of the various products in the Market
- Evolving Application of the various products in the Market
- Growing countries in the Global Market
- Effects of the developments in the market on the industry and on the market players
- Key market developments undertaken by the leading players
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