The Global Articulated Robot Market is projected to grow from USD 2.9 billion in 2023 to USD 8.5 billion by 2031, with a CAGR of 14.38% from 2024 to 2031. This market growth is driven by advancements in AI, machine learning, sensor technology, and increasing demand for automation across key industries, including automotive, electronics, healthcare, and food & beverage. Articulated robots, characterized by rotary joints that enable precise, flexible movements, are widely used in industrial automation for tasks such as assembly, bin picking, and load/unload. Leading companies in the market include ABB, Fanuc, Yaskawa Electric, KUKA, and others. This report offers detailed insights into market dynamics, competitive landscape, and forecasts across North America, Europe, Asia Pacific, and Latin America.

An articulated robot is a type of robot with rotary joints. These joints allow for a wide range of motion, similar to a human arm. Articulated robots are commonly used in industrial settings for tasks that require precise, flexible, and repetitive movements.

Here are some key features and components:

• Joints (Axes): Articulated robots typically have four to six axes, though they can have more. Each axis adds a degree of freedom, allowing for more complex movements.
• End Effector: This is the tool attached to the end of the robot arm that interacts with the environment. It can be a gripper, welding torch, paint sprayer, or any other tool required for the task.
• Control System: This system includes the hardware and software that control the robot’s movements. It receives input from sensors and sends commands to the motors in the joints.
• Power Supply: Provides the necessary power to operate the robot. It can be electrical, hydraulic, or pneumatic.
• Sensors: These can include position sensors, force sensors, vision systems, and more. They provide feedback to the control system to ensure accurate and safe operation.

Market Overview

The Global Articulated Robot Market was valued at USD 2.9 Billion in 2023 and is estimated to reach at USD 8.5 Billion in 2031 growing at a CAGR of 14.38% over the forecast period from 2024-2031. The report would provide you with market size estimates both in terms of revenue (USD Million) and volume (Million Units) for the time period from 2022 to 2031. The report would provide various factors responsible for growth of the market across various geographies considered under the scope of the study. The report covers in-depth global and regional level analysis of various market segmentations based on Industrial Vertical, Application, Crop Payload Capacity, and Region.

Market Dynamics:

Below are the factors impacting the growth of Articulated Robot Market:

• Advancements in AI and Machine Learning: Enhanced AI capabilities and machine learning algorithms are making robots smarter, more adaptable, and capable of performing complex tasks with greater precision.
• Sensor Technology: Improvements in sensor technology enable better robot perception and interaction with the environment, enhancing safety and efficiency.
• Cost Reduction: Decreasing costs of robotic components and systems make articulated robots more accessible to small and medium-sized enterprises (SMEs).
• Labour Cost and Availability: Rising labour costs and shortages of skilled workers in certain regions drive the adoption of robots to maintain productivity and reduce labor expenses.
• Safety Standards: Implementation of stringent safety regulations ensures safer robot-human interactions, encouraging wider adoption.
• Government Incentives: Financial incentives, subsidies, and tax breaks provided by governments to promote automation and smart manufacturing boost the market.
• Industry 4.0 and Smart Manufacturing: The shift towards Industry 4.0 and the adoption of smart manufacturing practices drive demand for articulated robots to enhance productivity, efficiency, and quality.
• Demand in Key Industries: High demand from automotive, electronics, healthcare, and food & beverage industries, which require precise and repetitive tasks, fuels market growth.

 Regional Analysis

Based on region, Global Articulated Robot Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is divided into United States, Canada, and Mexico. Europe is bifurcated into Germany, U.K., France, Italy, Spain and Rest of Europe. The key country covered under Asia Pacific region includes China, Japan, India, South East Asia and Rest of Asia Pacific. Middle East & Africa is bifurcated into UAE, Saudi Arabia, South Africa and Rest of MEA. Finally, Latin America is divided into Brazil, Argentina and Rest of Latin America.

Competition Landscape

The report covers company profiles and competition analysis of major players operating under Global Articulated Robot Market. The company profile section includes Company Overview, Financials, Business Overview, Recent Developments, Key Strategies, Product Mapping, Regional Presence, etc. Further, the competition analysis provides you with details about Competitor Overview, Market Share Analysis, Company Performance based on Various Parameters, etc. The major players operating in Global Articulated Robot Market are ABB , Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd, Mitsubishi Electric Corporation, Seiko Epson Corporation, Toshiba Machine Co. Ltd, OMRON Corporation, KUKA Aktiengesellschaft, and Yamaha Motor Co. Ltd.

Market Segmentation

The Global Articulated Robot Market can be segmented on the basis of Industrial Vertical, Application, Crop Payload Capacity, and Region. Further, the report would provide a detailed analysis based on below mentioned market segmentation at the global as well regional levels.

Global ARTICULATED ROBOT Market Scope:

 Global Articulated Robot Market, By Region and Countries:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East and Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America

 Reason to Purchase the Report:

• Latest trends in the market
• In depth market segmentation and cross regional / country analysis
• Market dynamics analysis including drivers, restraints and opportunities in the market
• Market sizing and segment analysis
• Competition Analysis including profiling of key market players
• Market share analysis and key strategies adopted by key players
• Recent developments and technological advancement by key players in the market
• Key takeaways from the research findings to take strategic decision in business needs