Articulated Robot Market by Payload (Up to 16.00 kg, 16.01–60.00 kg), Function (Handling, Welding, Dispensing, Assembly), Industry (Automotive, Electrical & Electronics, Metal & Machinery, Food & Beverages), and Geography - Global Forecast to 2023
The articulated robot market size (excluding the prices of peripherals, software, and system engineering) was valued at USD 9.36 billion in 2017 and is expected to reach USD 23.51 billion by 2023, at a CAGR of 16.58% during the forecast period.
Articulated robots refer to industrial robots that are automatically controlled, reprogrammable, and multipurpose manipulator (robotic arm) and can be adopted for industrial automation applications. This research study considers articulated robots with a degree of freedom (DOF) or axes more than 3
The articulated robots market (including the prices of peripherals, software, and system engineering) was valued at USD 20.83 billion in 2017 and is expected to reach USD 52.29 billion by 2023, at a CAGR of 16.58%. In terms of volume, the articulated robots market registered a shipment of 208,080 units in 2017 and is expected to reach 548,566 units by 2023, at a CAGR of 17.49% between 2018 and 2023. Increasing investments for automation in industries and growing demand from SMEs in developing countries are some of the key factors driving the growth of the articulated robots market.
Articulated robots with a payload capacity of up to 16.00 kg to hold largest share of articulated robot market in 2018
Owing to a wide variety of applications such as arc welding and spot welding in the automotive industry, articulated robots with payload carrying capacity of up to 16.00 kg are expected to hold the largest share of the articulated robot market in 2018. However, the growing demand for electric vehicles worldwide is the key factor driving the growth of the market for articulated robots with payload carrying capacity of 16.01–60.00 kg.
Handling function to hold the largest share of articulated robots market in 2018
Owing to the high rate of adoption of articulated robots in the automotive industry for handling heavy automotive parts and in the metal and machinery industry for handling heavy metal sheets and components, the handling function is expected to hold the largest share of the articulated robots market in 2018. The growing adoption of articulated robots in the food & beverages, plastics, rubber, and chemical industries for automatization of the processing task is the key factor expected to propel the growth of the articulated robots marketsfor processing function during the forecast period.
APAC to account for the largest market size during the forecast period
APAC is expected to dominate the articulated robots market during the forecast period. The key driver for this market is the low cost of labor and low cost of production, which encourages various manufacturers to set up their manufacturing units in APAC, especially in countries such as China, South Korea, and India. Also, automating the manufacturing plant capabilities is another key trend adopted by manufacturers, which has increased the demand for articulated robots in APAC. The value chain pertaining to the articulated robots market comprises phases such as planning and revising fund, R&D, manufacturing, assembly, distribution, and after-sales services.
Market Dynamics
Driver: Growing demand from SMEs in developing countries
Articulated robots can serve many purposes and are versatile in their applications. Thus, they can be used in various industries, such as automotive; electrical and electronics; and metals and machinery, for automation. SMEs outnumber large corporations in terms of manufacturing facilities. Individually, they employ more people than small corporations. SMEs represent a majority of businesses that are yet to realize the advantages of automation and robotics.
Robots help SMEs carry out quality production and compete globally with other market players. Robots can help SMEs to transform their competitiveness and deliver significantly enhanced levels of productivity, efficiency, and profitability. Many SMEs are now beginning to invest in robotics to increase their global competitiveness. Many manufacturers of robots, such as Universal Robots (Denmark) and Denso Robotics (Japan), have already started working on developing low-cost robotic systems, which can be fully exploited by SMEs.
Growing economies, such as India and China, have huge clusters of SMEs, which are creating a huge demand for articulated robots. Tier 1 and tier 2 manufacturers in countries such as Brazil, Indonesia, and Malaysia are expected to continuously integrate robotic automation into their processes.
Restraint: High overall installation cost for low – volume production applications
Despite the high rate of adoption of articulated robots in SMEs, there still exist restraints for the adoption of these robots for low-volume production. As articulated robots are designed as per the requirements of the application, it is an inevitable process of modifying or reconfiguring articulated robots every time the application is changed. The cost of reconfiguration and reinstallation of robots is high for lower volume production. For instance, on average, a new robot costs USD 50,000–80,000. Once application-specific peripherals are added, the articulated robotics system costs from USD 100,000 to 150,000. However, reconditioned robots are less expensive. Typically used robots cost ~USD 25,000–40,000, and systems with application-specific peripherals cost between USD 50,000 and USD 75,000. Apart from this, workspace requirements, reach, and payload limits also change as per the change in the application of robots. All these factors make the overall cost of installation of articulated robotic systems high for low-volume production, thereby limiting their adoption.
Opportunity: Increasing demand for low-cost articulated robots capable of working in collaboration with humans
The next generation of high-value products, which have a short product life cycle, relies on embedded computers, advanced sensors, and microelectronics requiring micro- and nanoscale assembly, for which labor-intensive manufacturing with low-skilled human workers is not a viable option. Some manufacturing robots are big and stiff, unsafe around people, engineered to be precise and repeatable, but are not adaptable. However, to be able to work in collaboration with humans, robots need to be flexible enough to adapt to changes in processes and new technological developments in products. For this purpose, advancements in robotics and automation technologies are critical.
In the current global scenario, there are rapid technological changes, upcoming new applications, and adoption of articulated robots by industries. However, due to unforeseen economic fluctuations and crises, the focus is on cost cutting while improving productivity and quality. To address these requirements, there is a need for a new generation of articulated robots that are safe, adaptive, trainable, flexible and deployable, easily integrable, affordable, and extensible. Some companies, such as KUKA (Germany), Universal Robots (Denmark), ABB (Switzerland), and Rethink Robotics (US), have come up with collaborative robots. KUKA’s LBR IIWA is a lightweight robot, which can work in close cooperation with humans on highly sensitive tasks with utmost safety, ensuring greater cost-effectiveness and optimum efficiency.
Challenge: Manufacturing advanced robotic systems to meet customer requirements in the era of IIoT
The Internet of Things (IoT) is among the most significant trends in technology today. The industrial IoT (IIoT), also known as the Industrial Internet, refers to the use of IoT technologies in manufacturing. Industrial Internet allows the interaction of integrated computing devices from the minuscule to the gigantic with machines, devices, and people, feeding a continual data stream to which those machines and people can react, thus minimizing problems and creating new efficiencies.
Industrial Internet offers a low-cost and effective way of integrating information based on widely distributed sensors, smart machines, robots, big data, and real-time analytics. However, security, data privacy, technology, infrastructure and process upgrades, and interoperability are areas of concern before robotic systems in Industrial Internet can reach their full potential. A major concern for IIoT is interoperability between devices and machines or devices and industrial robots that use different protocols and have different architectures. To match the standards of IIoT in articulated robots, robot manufacturers have to work on various aspects of data analytics, interoperability, architectures, protocols, and security. This would require significant R&D, innovation, and investment to meet the complex demands of IIoT.
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
2015 – 2023 |
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Base year considered |
2017 |
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Forecast period |
2018 – 2023 |
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Forecast units |
Million/Billion (USD), Units |
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Segments covered |
Payload, Function, Industry, and Geography |
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Geographies covered |
North America, Europe, APAC, RoW (South America, Middle East, and Africa) |
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Companies covered |
Key market players, including |
The research report categorizes the Articulated Robots market to forecast the revenues and analyze the trends in each of the following sub-segments:
Articulated Robot Market, By Payload
- Up to 16.00 Kg
- 16.01 – 60.00 Kg
- 60.01 – 225.00 Kg
- More Than 225.00 Kg
Articulated Robots Market, By Function
- Handling
- Welding
- Dispensing
- Assembly
- Processing
- Others
Articulated Robots Market, By Industry
- Automotive
- Electrical & Electronics
- Chemicals. Rubbers & Plastics
- Metal & Machinery
- Food & Beverages
- Precision Engineering and Optics
- Pharmaceuticals & Cosmetics
- Others
Articulated Robot Market, By Geography
- North America
- Europe
- Asia Pacific (APAC)
- RoW
Key Market Players
ABB Ltd. (ABB (Switzerland)), KUKA AG (KUKA (Germany)), Mitsubishi Electric Corp. (Mitsubishi (Japan)), Kawasaki Heavy Industries Ltd., (Kawasaki Heavy Industries (Japan)
Recent Developments
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Month & Year |
Company |
Description |
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November 2017 |
FANUC (Japan) |
FANUC launched R-1000iA/120F-7B, a new 7 Axis robot. It has the ability to carry a payload of 120 kg and has a maximum reach of 2,230 mm The robot is expected to help FANUC to strengthen its offering for welding applications.
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November 2017 |
Seiko Epson (Japan) |
Seiko Epson launched two 6-axis articulated robots, N6 and VT6, at the International Robot Exhibition (iREX) 2017. These robots can perform tasks in compact conditions more efficiently than earlier robots and have 6 kg payload carrying capacity. |
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September 2017 |
Kawasaki Heavy Industries (Japan) |
Kawasaki launched two 6-axis articulated robots, RS007N and RS007L, with a maximum payload capacity of 7 kg. The RS007N and RS007L are the latest additions to the company's general-purpose R series line of small-to-medium payload (3–80 kg) robots, which offers excellent functional and environmental performance for assembly, material handling, machine tending and other applications. |
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August 2017 |
YASKAWA (Japan) |
YASKAWA developed the GP25 robot (load capacity: 25 kg), a 6-axis articulated robot that caters to applications such as assembly, dispensing, handling, material removal, and packaging. |
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August 2017 |
Seiko Epson (Japan) |
Seiko Epson announced the launch of autonomous dual-arm robot, WorkSense W-01, which will expand the scope of automated production. Dual-arm robots have 7-axis for motion and can move independently to perform tasks, such as tightening a screw in a component with one arm while holding the component in place with the other, which cannot be performed by a single-arm robot. |
Critical questions the report answers:
- What are the upcoming trends for the Articulated Robots Market?
- Which segment provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 29)
4.1 Attractive Market Opportunities in Articulated Robot Market
4.2 Market, By Payload
4.3 Market, By Industry
4.4 Market in APAC, Country vs Industry
4.5 Market, By Country
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics: Overview
5.2.1 Drivers
5.2.1.1 Increasing Investments for Automation in Industries
5.2.1.2 Growing Demand From SMEs in Developing Countries
5.2.2 Restraints
5.2.2.1 High Overall Installation Cost for Low-Volume Production Applications
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Low-Cost Articulated Robots Capable of Working in Collaboration With Humans
5.2.4 Challenges
5.2.4.1 Manufacturing Advanced Robotic Systems to Meet Customer Requirements in the Era of Iiot
5.2.4.2 Addressing the Need to Safely Handle Industrial-Grade Operations
5.3 Value Chain Analysis
6 Articulated Robot Market, By Payload (Page No. - 40)
6.1 Introduction
6.2 Up to 16.00 Kg
6.3 16.01–60.00 Kg
6.4 60.01–225.00 Kg
6.5 More Than 225.00 Kg
7 Articulated Robot Market, By Function (Page No. - 49)
7.1 Introduction
7.2 Handling
7.3 Welding
7.4 Dispensing
7.5 Assembly
7.6 Processing
7.7 Others
8 Articulated Robot Market, By Industry (Page No. - 53)
8.1 Introduction
8.2 Automotive
8.3 Electrical and Electronics
8.4 Metals and Machinery
8.5 Chemicals, Rubber, and Plastics
8.6 Food & Beverages
8.7 Precision Engineering and Optics
8.8 Pharmaceuticals and Cosmetics
8.9 Others
9 Geographic Analysis of Articulated Robot Market (Page No. - 90)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 India
9.4.5 Rest of APAC
9.5 RoW
9.5.1 South America
9.5.2 Middle East and Africa
10 Competitive Landscape (Page No. - 103)
10.1 Introduction
10.2 Articulated Robot Market Ranking Analysis, 2017
10.3 Competitive Situations and Trends
10.3.1 Product Launches
10.3.2 Partnerships and Collaborations
10.3.3 Expansions
10.3.4 Contracts and Agreements
10.3.5 Acquisitions
11 Company Profiles (Page No. - 109)
11.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
11.1.1 ABB
11.1.2 Fanuc
11.1.3 Kuka
11.1.4 Yaskawa
11.1.5 Kawasaki Heavy Industries
11.1.6 Mitsubishi Electric
11.1.7 Denso
11.1.8 Nachi-Fujikoshi
11.1.9 Omron
11.1.10 Seiko Epson
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
11.2 Other Key Players
11.2.1 Stäubli International
11.2.2 Daihen
11.2.3 CMA Robotics SAP
11.2.4 Yamaha Motor
11.2.5 Engel
11.2.6 Comau SAP
11.2.7 Aurotek
11.2.8 Toshiba Machine
11.2.9 ACMI SAP
11.2.10 Cassioli Srl
12 Appendix (Page No. - 142)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (75 Tables)
Table 1 Articulated Robot Market, By Payload, 2015–2023 (USD Million)
Table 2 Market, By Payload, 2015–2023 (Units)
Table 3 Market for Payload Up to 16.00 Kg, By Industry, 2015–2023 (USD Million)
Table 4 Market for Payload Up to 16.00 Kg, By Industry, 2015–2023 (Units)
Table 5 Market for Payload of 16.01–60.00 Kg, By Industry, 2015–2023 (USD Million)
Table 6 Market for Payload of 16.01 Kg–60.00 Kg, By Industry, 2015–2023 (Units)
Table 7 Market for Payload of 60.01 Kg–225.00 Kg, By Industry, 2015–2023 (USD Million)
Table 8 Market for Payload of 60.01 Kg–225.00 Kg, By Industry, 2015–2023 (Units)
Table 9 Market for Payload More Than 225.00 Kg, By Industry, 2015–2023 (USD Million)
Table 10 Market for Payload More Than 225.00 Kg, By Industry, 2015–2023 (Units)
Table 11 Articulated Robot Market, By Function, 2015–2023 (USD Million)
Table 12 Market, By Industry, 2015–2023 (USD Billion)
Table 13 Market, 2015–2023
Table 14 Market, By Industry, 2015–2023 (USD Million)
Table 15 Market, By Industry, 2015–2023 (Units)
Table 16 Market for Automotive Industry, By Region, 2015–2023 (Units)
Table 17 Market for Automotive Industry in North America, By Country, 2015–2023 (Units)
Table 18 Market for Automotive Industry in Europe, By Country, 2015–2023 (Units)
Table 19 Market for Automotive Industry in APAC, By Country, 2015–2023 (Units)
Table 20 Market for Automotive Industry in RoW, By Region, 2015–2023 (Units)
Table 21 Market for Automotive Industry, By Payload, 2015–2023 (USD Million)
Table 22 Market for Electrical and Electronics Industry, By Region, 2015–2023 (Units)
Table 23 Market for Electrical and Electronics Industry in North America, By Country, 2015–2023 (Units)
Table 24 Market for Electrical and Electronics Industry in Europe, By Country, 2015–2023 (Units)
Table 25 Market for Electrical and Electronics Industry in APAC, By Country, 2015–2023 (Units)
Table 26 Market in RoW for Electrical and Electronics Industry, By Region, 2015–2023 (Units)
Table 27 Market for Electrical and Electronics Industry, By Payload, 2015–2023 (USD Million)
Table 28 Market for Metals and Machinery Industry, By Region, 2015–2023 (Units)
Table 29 Market for Metals and Machinery Industry in North America, By Country, 2015–2023 (Units)
Table 30 Market for Metals and Machinery Industry in Europe, By Country, 2015–2023 (Units)
Table 31 Market for Metals and Machinery Industry in APAC, By Country, 2015–2023 (Units)
Table 32 Market for Metals and Machinery Industry in RoW, By Region, 2015–2023 (Units)
Table 33 Market for Metal and Machinery Industry, By Payload, 2015–2023 (USD Million)
Table 34 Articulated Robot Market for Plastics, Rubber, and Chemicals Industries, By Region, 2015–2023 (Units)
Table 35 Market for Plastics, Rubber, and Chemicals Industries in North America, By Country, 2015–2023 (Units)
Table 36 Market for Plastics, Rubber, and Chemicals Industries in Europe, By Country, 2015–2023 (Units)
Table 37 Market for Plastics, Rubber, and Chemicals Industries in APAC, By Country, 2015–2023 (Units)
Table 38 Market for Plastics, Rubber, and Chemicals Industries in RoW, By Region, 2015–2023 (Units)
Table 39 Market for Plastics, Rubber, and Chemicals Industries, By Payload, 2015–2023 (USD Million)
Table 40 Market for Food & Beverages Industry, By Region, 2015–2023 (Units)
Table 41 Market for Food & Beverages Industry in North America, By Country, 2015–2023 (Units)
Table 42 Market for Food & Beverages Industry in Europe, By Country, 2015–2023 (Units)
Table 43 Market for Food & Beverages Industry in APAC, By Country, 2015–2023 (Units)
Table 44 Market for Food & Beverages Industry in RoW, By Region, 2015–2023 (Units)
Table 45 Market for Food & Beverages Industry, By Payload, 2015–2023 (USD Million)
Table 46 Articulated Robot Market for Precision Engineering and Optics Industry, By Region, 2015–2023 (Units)
Table 47 Market for Precision Engineering and Optics Industry in North America, By Country, 2015–2023 (Units)
Table 48 Market for Precision Engineering and Optics Industry in Europe, By Country, 2015–2023 (Units)
Table 49 Market for Precision Engineering and Optics Industry in APAC, By Country, 2015–2023 (Units)
Table 50 Market for Precision Engineering and Optics Industry in RoW, By Region, 2015–2023 (Units)
Table 51 Market for Precision Engineering and Optics Industry, By Payload, 2015–2023 (USD Million)
Table 52 Market for Pharmaceuticals and Cosmetics Industry, By Region, 2015–2023 (Units)
Table 53 Market for Pharmaceuticals and Cosmetics Industry in North America, By Country, 2015–2023 (Units)
Table 54 Market for Pharmaceuticals and Cosmetics Industry in Europe, By Country, 2015–2023 (Units)
Table 55 Market for Pharmaceuticals and Cosmetics Industry in APAC, By Country, 2015–2023 (Units)
Table 56 Market for Pharmaceuticals and Cosmetics Industry in RoW, By Region, 2015–2023 (Units)
Table 57 Market for Pharmaceuticals and Cosmetics Industry, By Payload, 2015–2023 (USD Million)
Table 58 Articulated Robot Market for Other Industries, By Region, 2015–2023 (Units)
Table 59 Market for Other Industries in North America, By Country, 2015–2023 (Units)
Table 60 Market for Other Industries in Europe, By Country, 2015–2023 (Units)
Table 61 Market for Other Industries in APAC, Country, 2015–2023 (Units)
Table 62 Market for Other Industries in RoW, By Region, 2015–2023 (Units)
Table 63 Market for Other Industries, By Payload, 2015–2023 (USD Million)
Table 64 Articulated Robot Market, By Region, 2015–2023 (USD Million)
Table 65 Market, By Region, 2015–2023 (Units)
Table 66 Market in North America, By Country, 2015–2023 (Units)
Table 67 Market in Europe, By Country, 2015–2023 (Units)
Table 68 Market in APAC, By Country, 2015–2023 (Units)
Table 69 Market in RoW, By Region, 2015–2023 (Units)
Table 70 Market Ranking, 2017
Table 71 Product Launches, 2015–2017
Table 72 Partnerships and Collaborations, 2015–2017
Table 73 Expansions, 2015–2017
Table 74 Contracts and Agreements, 2015–2017
Table 75 Acquisitions, 2015–2017
List of Figures (45 Figures)
Figure 1 Segmentation of Articulated Robot Market
Figure 2 Market: Research Design
Figure 3 Market: Bottom-Up Approach
Figure 4 Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Articulated Robots With Payload Capacity of Up to 16.00 Kg to Hold Largest Share of Market in 2018
Figure 7 Handling Function to Hold Largest Share of Market in 2018
Figure 8 Market for Automotive Industry to Register Largest Shipment in 2018
Figure 9 APAC to Hold Largest Share of Market in 2018
Figure 10 Increase in Investments for Automation in Industries to Drive Growth of Market During Forecast Period
Figure 11 Articulated Robot With Payload Carrying Capacity of Up to 16.00 Kg to Hold Largest Share of Market in 2018
Figure 12 Automotive Industry to Hold Largest Share of Market in 2018
Figure 13 China to Hold Largest Share of Market in APAC in 2018
Figure 14 China to Hold Largest Share of Market in 2018
Figure 15 Increasing Investments for Automation in Industries Driving Market
Figure 16 Articulated Robot Value Chain Analysis: R&D Stage Contributes Maximum Value
Figure 17 Market for Robots With Payload Carrying Capacity of 16.01–60.00 Kg to Grow at Highest CAGR During Forecast Period
Figure 18 Handling and Welding Functions Expected to Hold ~71% Share of Market in 2018
Figure 19 Shipments of Articulated Robot to Cross 500,000 Units By 2023
Figure 20 Articulated Robot Market for Metals & Machinery Industry to Grow at Highest CAGR During Forecast Period
Figure 21 Automotive Industry: Annual Shipment of Articulated Robots to Grow By 117% in 2023 Over 2018
Figure 22 Increasing Shipment of Articulated Robots to Electrical and Electronics Industry, 2015–2023
Figure 23 Metals and Machinery Industry: Annual Shipment of Articulated Robots to Grow By 169% in 2023 Over 2018
Figure 24 Chemicals, Rubber, and Plastics Industries: Annual Shipment of Articulated Robots to Be More Than Twice By 2023 Over 2018
Figure 25 Food & Beverages Industry: Annual Shipment of Articulated Robots to Grow By 236% in 2023 Over 2018
Figure 26 Precision Engineering and Optics Industry: Annual Shipment of Articulated Robots to Grow By 117% in 2023 Over 2018
Figure 27 Pharmaceuticals and Cosmetics Industry: Annual Shipment of Articulated Robots to Grow By 85% in 2023 Over 2018
Figure 28 Other Industries: Annual Shipment of Articulated Robots to Grow By 118% in 2023 Over 2018
Figure 29 Market in APAC Expected to Grow at Significant CAGR During Forecast Period
Figure 30 North America: Snapshot of Market
Figure 31 Europe: Snapshot of Market
Figure 32 APAC: Snapshot of Market
Figure 33 Market in South America Expected to Grow at Higher CAGR During Forecast Period
Figure 34 Players in Market Adopted Product Launches as Their Key Growth Strategy Between January 2015 and 2017
Figure 35 Product Launches, Partnerships, and Collaborations Emerged as Key Business Strategies Adopted By Market Players Between 2015 and 2017
Figure 36 ABB: Company Snapshot
Figure 37 Fanuc: Company Snapshot
Figure 38 Kuka: Company Snapshot
Figure 39 Yaskawa: Company Snapshot
Figure 40 Kawasaki Heavy Industries: Company Snapshot
Figure 41 Mitsubishi Electric: Company Snapshot
Figure 42 Denso: Company Snapshot
Figure 43 Nachi-Fujikoshi: Company Snapshot
Figure 44 Omron: Company Snapshot
Figure 45 Seiko Epson: Company Snapshot
Growth opportunities and latent adjacency in Articulated Robot Market