Articulated Robot Global Market Report 2024

The global articulated robot market has grown rapidly in recent years. It will grow from $15.69 billion in 2023 to $18.26 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth observed in the historical period can be attributed to several factors, including the growth of the manufacturing sector, increased adoption in the automotive industry, the rise of electronics and semiconductors, a heightened focus on efficiency, and applications in the medical and healthcare sectors. These elements collectively played a significant role in shaping the growth trajectory of articulated robots during the historic period.

The global articulated robot market is expected to see rapid growth in the next few years. It will grow to $31.89 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The anticipated growth in the forecast period can be attributed to factors such as regulatory support and safety standards, the growth of smart factories, the evolution of the automotive industry, a focus on energy efficiency and sustainability, and the increasing adoption of robotics by small and medium-sized enterprises (SMEs). Major trends expected in the forecast period include the integration of Industry 4.0 and automation, the rise of collaborative robotics, applications in the healthcare sector, the use of robotics in the food and beverage industry, and the integration of artificial intelligence.

The escalating demand for industrial robots is anticipated to act as a driving force behind the growth of the articulated robots market. Industrial robots, programmed mechanical systems, autonomously execute production-related tasks within industrial settings. Articulated robots, exhibiting a human-like structure, find application across diverse industrial sectors. As per data published by The International Federation of Robotics in June 2022, the installation of industrial robots surged to 4.35 million units by October 2021, marking a notable 13% growth in 2021 compared to 2020. Projections suggest a further increase to 5.18 million units by 2024. This escalating demand for industrial robots significantly propels the growth trajectory of the articulated robot market.

The burgeoning automotive industry is poised to drive the expansion of the articulated robots market. The automotive sector encompasses a spectrum of activities involving the design, development, manufacturing, marketing, and sales of motor vehicles. Articulated robots play a pivotal role within automotive assembly lines, performing critical tasks such as welding, painting, and assembly processes. The industry's inclination toward heightened automation in manufacturing plants fuels the adoption of articulated robots. Notably, in 2022, the global motor vehicle production, as reported by the European Automobile Manufacturers' Association, surged to 85.4 million units, marking a substantial 5.7% growth compared to the preceding year, 2021. Consequently, the burgeoning automotive industry stands poised to steer the growth trajectory of the articulated robots market.

Rapid technological transformations emerge as a pivotal trend gaining traction within the articulated robot market. Major industry players are channeling their efforts towards advancements encompassing collaborative robots, commercial drones, AI-enabled robots, self-healing robots, cloud robots, and customized robot solutions to secure a competitive edge. For instance, in September 2021, Honeywell, a diversified US-based manufacturing and technology company, unveiled novel robotic technology aimed at automating the manual process of unloading pallets within warehouses and distribution centers. The Smart Flexible Depalletizer, employing sophisticated machine learning, perception advancements, and gripping technologies, minimizes reliance on manual labor, mitigating the risks associated with potential injuries and addressing labor shortages. This innovation significantly reduces the need for manual intervention in handling pallet loads, roles prone to injury risks and staffing challenges, demonstrating the impact of technological advancements in the articulated robots market.

Key players within the articulated robots sector are strategically focusing on the rollout of novel modular robot systems to fortify their positions in the market. These new modular systems offer scalability, providing businesses with the flexibility to adjust their robotic capabilities according to evolving needs. This scalability, coupled with customization options, facilitates tailored solutions that precisely align with distinct industrial requisites. For instance, in July 2022, Beckhoff, a Germany-based pioneer in open automation systems leveraging PC-based control technology, unveiled the ATRO modular robot system, marking a significant leap in industrial robotics. The ATRO system represents a modular industrial robot solution characterized by heightened flexibility and adaptability across various applications. It facilitates the assembly of optimal robot structures tailored for diverse applications, marking a pioneering advancement in automation technology. This system stands as a pivotal turning point in robot development, offering limitless axes, scalability, adaptability, and expandability.

In a noteworthy move during September 2023, Rockwell Automation, a US-based industrial automation and digital transformation technologies company, completed the acquisition of Clearpath Robotics for an undisclosed sum. This strategic acquisition aims to bolster Rockwell Automation's foothold within the autonomous robotics domain, empowering the company to deliver innovative solutions in industrial automation and logistics. Clearpath Robotics, headquartered in Canada, specializes in offering articulated robots catering to research and development needs, including mobile robotic platforms and collaborative robots. The acquisition signifies Rockwell Automation's concerted efforts to enhance its capabilities in the autonomous robotics space, leveraging Clearpath Robotics' expertise to advance its innovative solutions for industrial automation.

Major companies operating in the articulated robot market report are ABB Ltd., FANUC Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Omron Adept Technology Inc., Mitsubishi Electric Corporation, Seiko Epson Corporation, Denso Wave Incorporated, Nachi-Fujikoshi Corp., Yaskawa Electric Corporation, Aurotek Corporation, Stubli International, ST Robotics, Toshiba Machine Co. Ltd., Yamaha Motor Co. Ltd., Cassioli Group, DAIHEN Corporation, Comau, Universal Robots, Epson Robots, Midea Group, B+M Surface Systems GmbH, Wittmann Battenfeld Group, Hanwha Corporation/Momentum, Gudel AG, Hyundai Robotics, Techman Robot, Franka Emika, AUBO Robotics, F&P Robotics AG

Asia-Pacific was the largest region in the articulated robots market share in 2023. The regions covered in the articulated robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the articulated robot market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main categories of articulated robots include 4-axis or less, 5-axis, and 6-axis or more. 'Four-axis' or 'less articulated' robots have four or fewer axes, and they often incorporate reinforcing bars above and below their arms for added stability. These robots are particularly beneficial in applications such as robotic palletizing and automated material handling, where stability and robustness are crucial for tasks like palletizing boxes, concrete slabs, bags, and other materials. Articulated robots come with various payload capacities, ranging from up to 16 kg to more than 225 kg. These robots perform a variety of functions, including handling, welding, dispensing, assembly, and processing, among others. Their components include a controller, arm, end effector, drive, sensor, and more. Articulated robots find applications in diverse industries such as automotive, electrical and electronics, chemicals, rubber and plastics, metal and machinery, food and beverages, precision engineering and optics, pharmaceuticals and cosmetics, and others.

This report provides articulated robots market statistics, including articulated robots industry global market size, regional shares, competitors with an articulated robots market share, detailed articulated robots market segments, market trends and opportunities, and any further data you may need to thrive in the articulated robots industry. This articulated robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The articulated robot market consists of sales of robots and vertically articulated robots. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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