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Articulated Robot Market Trends : Revenues to Go Up In The Forthcoming Years (SARS-CoV-2, Covid-19 Analysis)

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Articulated Robot Market Trends : Revenues to Go Up In The Forthcoming Years (SARS-CoV-2, Covid-19 Analysis)

Articulated Robot Market Trends

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Articulated Robot Market Trends. The growth sectors of the Articulated Robot Market Trends are identified with precision for a better growth perspective.

Articulated robots are humanoid robots whose arms have a couple of rotary joints. These robots are specially designed to make the industrial manufacturing process fast and precise. They are used across the industries in various applications, including material handling, welding, load/unload, lifting, assembly, and processing, among others.

Offering production efficiency to industries with their capability to handle object that is too heavy and unsafe for humans to handle articulated robots perform all complex task on behalf of humans. Articulated robots offer more accurate outputs than manual labor; as a result, the uptake of articulated robots in production has led to an increase in product quality.

Articulated robots also offer reduced production cost as overall cost for implementation of articulated robots is less compared to manual labor. Due to their flexibility, it is easier to do process changeovers with articulated robots. Resultantly, the global articulated robots market is growing rapidly. Moreover, the increasing adoption of articulated robots in small and medium enterprises is escalating the market on the global platform.

Considering the enormous traction, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global articulated robot market is projected to garner exponential accruals by 2023, registering a staggering CAGR throughout the forecast period (2018 – 2023).

Additional factors that are contributing to the growth of the market include the increasing demand for automation across the industries such as EMS (electronic manufacturing services), automotive, aerospace, pharmaceuticals & cosmetics, and others. Also, the industrial revolution 4.0 is set to boost the global articulated robot market.

Global Articulated Robot Market - Segmentation

For the better understanding of the report, the market is segmented into five key dynamics:

By Component Hardware, Software, and Services.

By Payload Capacity : Low, Medium, High, and Heavy.

By Application Material Handling, Welding, Load/Unload, Bin Picking, Assembly, Processing, Washing, and Painting among others.

By Industry Vertical Automotive, Aerospace, Food & Beverages, Metals & Machinery, Chemicals, Rubber, & Plastics, Precision Engineering & Optics, and Pharmaceuticals & Cosmetics, among others.

By Regions : Asia Pacific, North America, Europe, and Rest-of-the-World.

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]

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