Rhode Island Chronicle

Articulated Robot Market to Grow Rapidly due to Enlarged Adoption of Automation in Various End Use Industries Till 2028 | Million Insights

 Breaking News
  • No posts were found

Articulated Robot Market to Grow Rapidly due to Enlarged Adoption of Automation in Various End Use Industries Till 2028 | Million Insights

June 27
23:42 2019
Articulated Robot Market to Grow Rapidly due to Enlarged Adoption of Automation in Various End Use Industries Till 2028 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, Articulated robot market is majorly driven by the increase in demand from (SMEs) small and medium sized enterprises in developing economies, growing demand for electric vehicles, and wide applications in automotive and manufacturing sectors

Global articulated robot market is predicted to grow considerably in the forecast period owing to the increased adoption of automation in various end use industries. An articulated robot is the industrial robot with rotary joints. It is used in wide range of industrial activities and is mainly operated by electric motors. Articulated robot is ideal for material handling and general assembling activities in manufacturing industries. 

Articulated robot market is majorly driven by the increase in demand from (SMEs) small and medium sized enterprises in developing economies, growing demand for electric vehicles, and wide applications in automotive and manufacturing sectors. Moreover, features of articulated robots, such as high durability, precise outputs for long-term applications and can performance of complex tasks in place of labor is attracting several end uses, thereby fuelling the articulated robot market. However, high installation cost for less volume production is hampering the market. 

Full Research Report On Global Articulated Robot Market Analysis available at: https://www.millioninsights.com/industry-reports/articulated-robot-market

Growing need for accurate operation in assembly lines is highly in demand. Hence, manufacturers are rigorously focusing on technological advancements in the domain. Nonetheless, intense competition from (SCARA) Selective Compliance Articulated Robot Arm or Selective Compliance Assembly Robot Arm robots is challenging the market.

Articulated robot market is categorized on the basis of payload type, function, end user, and geography. Based on payload type, market is divided into up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, and more than 225.00 kg. Articulated robots with capacity up to 16.00 kg is anticipated to lead the market due to increase in investment for enhanced automation in several industrial applications. Moreover, growing demand from small scale industries of developing economies is driving the market for said capacity robots.

Based on function, articulated robot market is bifurcated into dispensing, welding, handling, processing, assembly, and others. Handling function of the articulated robots is expected to hold larger share of the market due to high implementation of articulated robots in automotive sector and applications in handling heavy industrial parts. In the automotive industry, heavy components and metal sheets are required to be carried from one place to another, where articulated robots are an ideal choice.

In terms of end users, market is divided into electrical and electronics, chemicals, rubber, and plastics, automotive, pharmaceuticals and cosmetics, metal and machinery, food & beverages, precision engineering and optics, and others. Metal and machinery industry is predicted to lead the market due to increase in demand for machineries from several industries like packaging, manufacturing, and agriculture. Besides, automotive industry also accounts for substantial share of the market.

Geographically, articulated robot industry is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the market in future due to increasing adoption of these robots in industries of developing economies like China, India, South Korea, and Japan. North America also constitute to the market owing to constant technological improvements.

The leading players in articulated robot market include Comau SAP, CMA Robotics SAP, Cassioli Srl, Aurotek, Denso, Daihen, Kawasaki Heavy Industries, Engel, Fanuc, Mitsubishi Electric, Omron, Kuka, Stubli International, Toshiba Machine, Yaskawa, Nachi-Fujikoshi, Seiko Epson, and Yamaha Motor.

Request for Free Sample Copy at: https://www.millioninsights.com/industry-reports/articulated-robot-market/request-sample

Market Segment:

Leading players of Articulated Robot including:
• FANUC
• KUKA
• ABB
• Yaskawa
• kawasaki
• DENSO
• Nachi-Fujikoshi
• Epson
• Staubli
• OTC
• COMAU
• Omron Adept Technologies
• SIASUN
• HIWIN (TW)
• Yamaha
• GSK
• Triowin
• Nanjing Estun Automation

Market split by Type, can be divided into:
• 4-Axis or Less
• 5-Axis
• 6-Axis or More

Market split by Application, can be divided into:
• Automotive
• Electrical and Electronics
• Machinery
• Rubber, Plastics & Chemicals
• Food & Beverage
• Others

Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel

Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/robotics

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

For More Information: www.millioninsights.com

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/articulated-robot-market