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Articulated Robot Market Share, Trend, Segmentation And Forecast To 2018 - 2026

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Dinesh B
Articulated Robot Market Share, Trend, Segmentation And Forecast To  2018 - 2026

 Articulated Robot Market - Snapshot

According to a new market report published by Transparency Market Research titled “Articulated Robot Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026,” the global articulated robot market is expected to reach US$ 22,939.2 Mn by 2026. The market is projected to expand at a CAGR of 14.22% during the forecast period from 2018 to 2026. According to the report, the global articulated robot market will continue to be influenced by a range of factors such as rising applications of articulated robots across automotive and electronic manufacturing services industries and increasing use of articulated robots by many enterprises to boost factory automation in order to ramp up the production. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at above 15% through 2026.


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Hardware component segment is expected to be more lucrative for the global articulated robot market

The global articulated robot market is bifurcated by components into hardware, software, and services. Hardware based component segment is expected to surpass US$ 11,300.00 Mn by 2026. Articulated robots are being extensively used across all industry verticals especially across automotive, aerospace, electronics, and food & beverages around the globe, as it is used for various applications that include soldering, painting, assembly, and palletizing. Additionally, articulated robots can handle different payload applications ranging from 16Kg to 300Kg, which makes it very useful for performing various applications with higher precision and speed. Furthermore, rising trend of factory automation or “Industry 4.0” has increased the adoption of articulated robots around the globe.


Get More Press Releases by TMR: https://www.globenewswire.com/news-release/2022/04/01/2414924/0/en/Baby-Monitors-Market-to-Exceed-Valuation-US-1-7-Bn-by-the-end-of-2031-TMR-Study.html


Electronic manufacturing services (EMS) industry vertical segment is expected to expand at a significant growth rate during the forecast period

On the basis of industry vertical, the articulated robot market is segmented into automotive, aerospace, electronic manufacturing services, food & beverages, medical & pharmaceutical, and others. Others industry verticals segment includes chemical and metal industry. Articulated robots can be easily used and deployed across electronic manufacturing services (EMS) and that has subsequently reduced the installation time and cost of implementation of robotic solutions. Articulated robots can handle smaller electronic components and perform various functions such as palletizing, wielding, and many more with greater precision and speed. Additionally, articulated robots also help in delivering superior repeatability and positional capabilities.


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Rohit Bhisey

Transparency Market Research,

90 State Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com/


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