According to the latest report by IMARC Group, titled “Europe Articulated Robot Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the rapid establishments of smart industries and increasing adoption of articulated robots in the manufacturing sector are key factors primarily driving the market growth across Europe.
Market Outlook:
An articulated robot is a programmable machine that consists of servo-powered rotatory joints, which enable a full range of motion. The robot is designed using innovative technologies, such as artificial intelligence (AI), to enhance operational efficiency and overall productivity. It is cost-effective, highly durable, and generates precise output. As a result, articulated robots are largely used for performing several processes, such as welding, assembling, material handling, dispensing, painting, and loading/unloading. Consequently, these robots find extensive application in the automotive, aerospace, and electronics sectors.
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Market Trends and Growth Drivers:
The widespread automation across sectors and the rising need for operational efficiency are other growth-inducing factors. The rising investments in research and development activities (R&D) by key players and the expansion of automotive and electronic manufacturing services (EMS) are other factors creating a positive outlook for the market across the region.
Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the Europe articulated robot market has been studied in the report with the detailed profiles of the key players operating in the market.
Market Segmentation:
The report has segmented the Europe articulated robot market on the basis of payload, function, type, component, end use industry, and country.
Based on Payload:
- Upto 16 Kg
- 16 to 60 Kg
- 60 to 225 Kg
- More Than 225 Kg
Based on Function:
- Handling
- Welding
- Dispensing
- Assembling
- Others
Based on Type:
- 4-Axis or Less
- 5-Axis
- 6-Axis or More
Based on Component:
- Controller
- Arm
- End Effector
- Drive
- Sensor
- Others
Based on End Use Industry:
- Automotive
- Electrical and Electronics
- Chemicals, Rubber and Plastics
- Metal and Machinery
- Food and Beverages
- Precision Engineering and Optics
- Pharmaceuticals and Cosmetics
- Others
Country Analysis:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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Articulated Robot MarketThe 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.
The growth sectors of the Articulated Robot Market are identified with precision for a better growth perspective.According to Market Research Future, the global articulated robot market is segmented based on component, payload capacity, application, and industry vertical.By component the global articulated robot market is segmented based on software, hardware and services.
The hardware segment is further segmented into controller, arm, drive, end-effector and sensor.
The controller and sensor subsegments are expected to contribute the highest to the hardware subsegment as there is a growing demand for improvement in bin picking application of articulated robots.The hardware sub-segment is expected to contribute significantly to the component segment during the forecast period.
High demand for articulated robot for industrial production is expected to boost this segment during the forecast period.By payload capacity the global articulated robot market is segmented into low, medium, high, and heavy.The heavy payload subsegment is expected to dominate the payload segment due to the rising demand for automation in manufacturing of heavy machinery.
Low payload capacity sub-segment is expected to contribute significantly to the payload capacity segment during the forecast period due to increase in adoption of articulated robots in electronic manufacturing and food and beverages industry.By application the global articulated market is segmented into material handling, welding, load/unload, bin picking, assembly, processing, washing, painting, and others.The assembly sub segment is expected to contribute significantly to the growth of application segment.
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.
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.
Resultantly, the global articulated robots market is growing rapidly.
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).
Also, the industrial revolution 4.0 is set to boost the global articulated robot market.
Rotary joints allow a full range of motion, as they rotate through multiple planes, and they increase the capabilities of the robot considerably.
Articulated Robot can be divided into three categories: 4-Axis or less type, 5-Axis type and 6-Axis or more type.
6-Axis or more type accounted for the highest proportion in production market, with a figure of 57.32% in 2017, followed by 4-Axis or less type, account for 26.02% and 5-Axis type account for 16.66%.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-articulated-robot-market-2020-2026/request-sample The sales market share of global Articulated Robot in Automotive use, Electrical and Electronics use, Machinery use, Rubber, Plastics & Chemicals use, Food & Beverage use and other applications have been stable year by year, at 37.41%, 22.94%, 9.02%, 8.67%, 4.64% and 17.32% respectively in 2017, and for several consecutive years, the amplitude was within one percent.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence.
Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
