This report segments the global articulated robots market by end-user (automotive industry, electrical and electronics industry, heavy machinery industry, metal industry, food and beverages industry, chemical industry, and others) and by geography (the Americas, APAC, and EMEA). The report discusses the major drivers and trends influencing the market growth and a detailed analysis of the top vendors operating in the market, including ABB, Fanuc, KUKA, and Yaskawa Electric.
Technavio’s market research analysts estimate the global articulated robots market to grow at a CAGR of 16% between 2015 and 2019. The growing use of articulated robots can be attributed to the ability of these robots to perform precision movements repeatedly and consistently. APAC leads the global market for articulated robots, accounting for 52% of the overall market share. The main reason for the region’s dominance is the presence of manufacturing industries such as automotive, electrical and electronics, food and beverages, and heavy machinery.
The new market research report from Technavio provides a breakdown and analysis of the articulated robots segments by technology.
“With growing consumption of end-user products, the need for bulk production to cater to the high demand has increased. Therefore, articulated robots are used to produce in bulk with precision and at a much faster rate than humans can manage, thus increasing the production efficiency, minimize human effort and error, and increase the quality of the end products,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
Articulated robots are primarily used in automotive industries as they are considered more cost effective and reliable than the traditional pneumatic tooling and hard fixtures. They offer fast implementation of tool changes as the robot tooling is in a closed loop and servo controlled.
The key vendors in the global articulated robots market include ABB, Fanuc, KUKA, and Yaskawa Electric. Majority of the vendors in the articulated robots market are focusing on the development of application-specific and industry-specific articulated robots, which will help them to gain a competitive edge in the market and enhance their market share.
A more detailed analysis is available in the Technavio report, Global Articulated Robots Market 2015-2019.
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