The Articulated Robot Market is forecasted to account for around USD 20.4 billion in 2033, up from USD 9.2 billion in 2023 advancing at a rate of 8.3% from 2023 to 2033, as per the articulated robots market analysis by FMI.
In the ever-evolving landscape of automation, articulated robots have emerged as trailblazers, driving transformative changes across diverse industries.
Embracing the trend of collaborative robotics, these versatile machines are reshaping the way tasks are performed, collaborating seamlessly with human workers and offering unparalleled levels of efficiency and precision.
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Their adaptability, enhanced capabilities, and ability to handle complex tasks have solidified their position at the forefront of the automation revolution, promising to revolutionize industries and create new possibilities for the future.
While the market has gained significant traction in developed economies, emerging markets present promising opportunities for further growth. Countries in Asia, particularly China, and India, are witnessing rapid industrialization and are projected to be major contributors to the market’s expansion in the coming years.
Key Takeaways:
- The United States articulated robot market is forecasted to hold revenue of US$ 6.6 billion by 2033.
- The market in the United Kingdom is likely to account for a value share of US$ 1.0 billion by 2033 on a global level.
- During the forecast period, the up to 16 kg sub-segment is projected to advance at 8.2% CAGR based on payload.
- Based on function, the handling sub-segment is predicted to move forward at a rate of 8.1 % from 2023 to 2033.
- The Japan articulated robot market is likely to secure a market share of US$ 1.5 billion by 2033.
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How Fierce is the Competition in the Articulated Robot Industry?
The competition in the articulated robot industry is fierce, with numerous established robotics manufacturers and emerging players vying for articulated robot market share.
Continuous advancements in technology and the growing demand for automation across industries have intensified the competition. Key players are constantly innovating and expanding their product portfolios to offer more versatile and efficient solutions.
Collaborations, strategic partnerships, and mergers and acquisitions are also prevalent strategies employed by companies to strengthen their market position. The dynamic and evolving marketplace for articulated robots reflects the relentless pursuit of excellence in this transformative industry.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
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