Articulated Robot Market

Executive Summary

Articulated Robot Market was valued at US $9.25 billion in 2021 and is projected to grow at 10.12% CAGR over the forecast period to reach US $16.49 billion by 2027. Articulated Robot Market represented US $1.62 billion opportunity over 2019-2021 and estimated to create US $7.24 billion opportunity in 2027 over 2021.

Articulated Robot from Consainsights analyses the Articulated Robot Market in the Technology & Media industry over the forecast period to 2027.

Articulated Robot research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Articulated Robot segmentation includes Payload, Function, Industry and Geography.

Based on the Payload, the Articulated Robot analysis covers Up to 16.00 Kg, 16.01-60.00 Kg, 60.01-225.00 Kg, More Than 225.00 Kg.

In Payload segment, Up to 16.00 Kg segment has highest cagr growth of 8.94%.

Based on the Function, the Articulated Robot analysis covers Handling, Welding, Dispensing, Assembly, Processing, Others.

In Function segment, Handling segment has highest cagr growth of 8.94%.

Based on the Industry, the Articulated Robot analysis covers Automotive, Electrical and Electronics, Metals and Machinery, Chemicals, Rubber, and Plastics, Food & Beverages, Precision Engineering and Optics, Pharmaceuticals and Cosmetics, Others.

In Industry segment, Automotive segment has highest cagr growth of 8.94%.

Based on the region, the Articulated Robot analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Payload

Introduction

In 2021, Up to 16.00 Kg segment has the highest revenue of US $4.43 billion and is expected to grow at CAGR of 8.94% by 2027 Up to 16.00 Kg segment has highest cagr growth of 8.94%.

Up to 16.00 Kg

Up to 16.00 Kg segment was valued at US $3.66 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $7.90 billion by 2027. Up to 16.00 Kg segment represented US $0.78 billion opportunity over 2019-2021 and estimated to create US $3.47 billion opportunity in 2027 over 2021.

16.01-60.00 Kg

16.01-60.00 Kg segment was valued at US $2.12 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $4.59 billion by 2027. 16.01-60.00 Kg segment represented US $0.45 billion opportunity over 2019-2021 and estimated to create US $2.02 billion opportunity in 2027 over 2021.

60.01-225.00 Kg

60.01-225.00 Kg segment was valued at US $1.81 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $3.92 billion by 2027. 60.01-225.00 Kg segment represented US $0.39 billion opportunity over 2019-2021 and estimated to create US $1.72 billion opportunity in 2027 over 2021.

More Than 225.00 Kg

More Than 225.00 Kg segment was valued at US $0.04 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $0.08 billion by 2027. More Than 225.00 Kg segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.03 billion opportunity in 2027 over 2021.

Function

Introduction

In 2021, Handling segment has the highest revenue of US $3.80 billion and is expected to grow at CAGR of 8.94% by 2027 Handling segment has highest cagr growth of 8.94%.

Handling

Handling segment was valued at US $3.13 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $6.77 billion by 2027. Handling segment represented US $0.67 billion opportunity over 2019-2021 and estimated to create US $2.97 billion opportunity in 2027 over 2021.

Welding

Welding segment was valued at US $1.96 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $4.23 billion by 2027. Welding segment represented US $0.42 billion opportunity over 2019-2021 and estimated to create US $1.86 billion opportunity in 2027 over 2021.

Dispensing

Dispensing segment was valued at US $1.09 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $2.35 billion by 2027. Dispensing segment represented US $0.23 billion opportunity over 2019-2021 and estimated to create US $1.03 billion opportunity in 2027 over 2021.

Assembly

Assembly segment was valued at US $0.69 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $1.50 billion by 2027. Assembly segment represented US $0.15 billion opportunity over 2019-2021 and estimated to create US $0.66 billion opportunity in 2027 over 2021.

Processing

Processing segment was valued at US $0.36 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $0.79 billion by 2027. Processing segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.34 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.40 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $0.86 billion by 2027. Others segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.38 billion opportunity in 2027 over 2021.

Industry

Introduction

In 2021, Automotive segment has the highest revenue of US $3.67 billion and is expected to grow at CAGR of 8.94% by 2027 Automotive segment has highest cagr growth of 8.94%.

Automotive

Automotive segment was valued at US $3.02 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $6.54 billion by 2027. Automotive segment represented US $0.64 billion opportunity over 2019-2021 and estimated to create US $2.87 billion opportunity in 2027 over 2021.

Electrical and Electronics

Electrical and Electronics segment was valued at US $1.91 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $4.14 billion by 2027. Electrical and Electronics segment represented US $0.41 billion opportunity over 2019-2021 and estimated to create US $1.82 billion opportunity in 2027 over 2021.

Metals and Machinery

Metals and Machinery segment was valued at US $1.08 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $2.33 billion by 2027. Metals and Machinery segment represented US $0.23 billion opportunity over 2019-2021 and estimated to create US $1.02 billion opportunity in 2027 over 2021.

Chemicals, Rubber, and Plastics

Chemicals, Rubber, and Plastics segment was valued at US $0.69 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $1.49 billion by 2027. Chemicals, Rubber, and Plastics segment represented US $0.15 billion opportunity over 2019-2021 and estimated to create US $0.65 billion opportunity in 2027 over 2021.

Food & Beverages

Food & Beverages segment was valued at US $0.38 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $0.83 billion by 2027. Food & Beverages segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.36 billion opportunity in 2027 over 2021.

Precision Engineering and Optics

Precision Engineering and Optics segment was valued at US $0.30 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $0.64 billion by 2027. Precision Engineering and Optics segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.28 billion opportunity in 2027 over 2021.

Pharmaceuticals and Cosmetics

Pharmaceuticals and Cosmetics segment was valued at US $0.12 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $0.25 billion by 2027. Pharmaceuticals and Cosmetics segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.11 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.13 billion in 2019 and is projected to grow at 8.94% CAGR over the forecast period to reach US $0.27 billion by 2027. Others segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.12 billion opportunity in 2027 over 2021.