Articulated Robots Market
Articulated Robots Market
The market for Articulated Robots was estimated at $25.80 billion in 2024; it is anticipated to increase to $65.8 billion by 2030, with projections indicating growth to around $143 billion by 2035.
Global Articulated Robots Market Outlook
Revenue, 2024 (US$B)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
Market Key Insights
- The Articulated Robots market is projected to grow from $25.8 billion in 2024 to $122 billion in 2034. This represents a CAGR of 16.9%, reflecting rising demand across Assembly Line Automation, Material Handling and Painting and Coating.
- ABB Ltd, Kawasaki Heavy Industries Ltd, Mitsubishi Electric Corporation are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Articulated Robots market and are expected to observe the growth CAGR of 16.2% to 23.7% between 2024 and 2030.
- Emerging markets including Indonesia, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 12.7% to 17.6%.
- Transition like Shift towards IoT and AI Integration is expected to add $13.6 billion to the Articulated Robots market growth by 2030
- The Articulated Robots market is set to add $97.2 billion between 2024 and 2034, with manufacturer targeting Electrical & Electronics & Plastics & Rubber Industry Application projected to gain a larger market share.
- With Growth in automation industries, and Rising focus on worker safety, Articulated Robots market to expand 377% between 2024 and 2034.
Opportunities in the Articulated Robots
The intersection of robots with modern technologies such as AI and IoT presents exciting opportunities, for growth. These innovations can improve the accuracy and adaptability of robots and boost their use across various industries.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Growth in Automation Industries, and Technological Advancements and Innovations
Restraint: High Initial Investment
Opportunity: Unlocking Consumer Markets and Eco-Friendly Manufacturing
Challenge: Need for Skilled Labor
Supply Chain Landscape
BHP Group
Rio Tinto
Kawasaki Heavy Industries
Yaskawa Electric Corporation
ABB Robotics
FANUC Corporation
Automotive Industry
Electronics Industry
Food and Beverage Industry
BHP Group
Rio Tinto
Kawasaki Heavy Industries
Yaskawa Electric Corporation
ABB Robotics
FANUC Corporation
Automotive Industry
Electronics Industry
Food and Beverage Industry