Global Articulated Robots Market 2015-2019
About articulated robots
An articulated robot is a robotic arm that uses rotary joints to perform precise movements. The articulated robot includes three rotary joints, which help the robotic arm to move in multiple planes. Articulated robots are widely used in manufacturing industries for various applications such as welding, sealing, assembling, material handling, picking, cutting, painting and spraying, and machine tending. These robots are mostly used in the automotive industry in general assembly, welding, and material handling applications.
Technavio's analysts forecast the global articulated robots market to grow at a CAGR of 16.27% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global articulated robots market for the period of 2015-2019. To calculate the market size, the report considers revenue generated from the sales of articulated robots to various end-user segment such as automotive, electrical and electronics, heavy machinery, metals, food and beverages, chemical, and other industries.
Technavio's report, Global Articulated Robots Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA, it also covers the landscape of the global articulated robots market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Articulated Robots Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Articulated Robots Market: ABB, Fanuc, KUKA and Yaskawa Electric
Other Prominent Vendors in the market are: Kawasaki Robotics, Adept Technology, American Robot, Denso Wave, and ST Robotics.
Commenting on the report, an analyst from Technavio’s team said: “The development of advanced articulated robots is a key trend as the articulated robot vendors are using artificial intelligence to develop independent robotics systems to perform a wide range of tasks independently. In addition, the increase in demand for application-specific robots is expected to enhance the market potential during the forecast period.”
According to the report, the global articulated robots market is driven by several factors such as the need for precise operation in assembly lines and low maintenance costs. End-user industries are adopting robots to improve the quality of their products and to reduce the costs in manufacturing industries. The rise in the adoption of articulated robots in non-automotive industries such as the electrical and electronics, heavy machinery, and food and beverages industries is also increasing market growth.
Further, the report states that the global articulated robots market is curtailed by certain challenges including increased competition from SCARA robots and the high initial cost of articulated robots.
ABB, Fanuc, KUKA, Yaskawa Electric, Kawasaki Robotics, Adept Technology, American Robot, Denso Wave, ST Robotics.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook