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.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.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Robot Arms Market both at worldwide and provincial levels.
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Market Players: –
- ABB
- Amazon
- DENSO Robotics
- EVS TECH CO., LTD
- FANUC Corporation
- KUKA AG
- Omron Corporation
- Stäubli International AG
- Universal Robots A/S
- Yaskawa Electric Corporation
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
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
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Robot Arms Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.