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Articulated
Robot Market Set to Grow with CAGR of 16.71% By 2026


Articulated
Robot Market
is expected to rise from its initial estimated value of USD
11.09 billion to an estimated value of USD 38.17 billion by 2026, registering a
CAGR of 16.71% in the forecast period of 2020-2026. Articulated robots are
those industrial robots with rotatory joints so that they can perform any movement
correctly and repeatedly.



They are usually used in the manufacturing industry so that
they can perform function like welding, sealing, picking, assembling, painting
etc. they are usually powered by electric motors. Growth in the manufacturing
industry is the major factor fuelling the growth of this market.



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Report: @
https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-articulated-robot-market



Major
Market Competitors/Players: Global Articulated Robot Market



Few of the major competitors currently working in the global
articulated robot market are ABB, Omron Corporation, Comau, DAIHEN Corporation,
DENSO WAVE INCORPORATED, Ellison Technologies, Inc., Epson America, Inc., FANUC
CORPORATION, Genmark Automation, Inc., Kawasaki Heavy Industries, Ltd.,
Mitsubishi Electric Corporation, NACHI-FUJIKOSHI CORP., Panasonic Corporation,
Rethink Robotics, Robert Bosch GmbH, Rockwell Automation, Inc., SCHUNK GmbH
& Co. KG., Stäubli International AG., TOSHIBA MACHINE CO.,LTD, Universal
Robots, YRG Inc., YASKAWA ELECTRIC CORPORATION.



Segmentation:
Global
Articulated Robot Market



·        
By
Payload
(Up to 16.00 Kg, 16.01–60.00 Kg, 60.01–225.00 Kg, More Than 225.00
Kg)



·        
By
Function
(Handling, Welding, Dispensing, Assembly, Processing, Others)



·        
By Industry
(Automotive, Electrical and Electronics, Metals and Machinery, Chemicals,
Rubber, and Plastics, Food & Beverages, Precision Engineering and Optics,
Pharmaceuticals and Cosmetics, Others)



·        
By Type
(4-Axis or Less, 5-Axis, 6-Axis or More)



·        
By
Subsystem
(Hardware, Software, Services)



·        
By
Component
(Robot Controller Unit, Robotic Arm, End Effector, Drive,
Sensors, Power Supply, Motors, Others)



·        
By
Geography
(North America, South America, Europe, Asia-Pacific, Middle East
and Africa)



Competitive
Analysis: Global Articulated Robot Market



Global articulated robot market is highly fragmented and the
major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of articulated robot market for global, Europe, North America, Asia-Pacific and
South America.



Market
Drivers:



·        
Rising investment in automation industry is
driving the growth of this market



·        
Increasing prevalence for SMEs is another factor
driving the growth of this market.



Market
Restraints:



·        
High installation cost is restraining the growth
of this market



·        
Increasing demand for safely handle
industrial-grade operations is another factor driving the growth of this
market.



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Report? Enquire Here@
https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-articulated-robot-market   



Key
Insights in the report:



·        
Complete and distinct analysis of the market
drivers and restraints



·        
Key market players involved in this industry



·        
Detailed analysis of the market segmentation



·        
Competitive analysis of the key players involved



About Us:



Data
Bridge Market Research
set forth itself as an unconventional
and neoteric Market research and consulting firm with unparalleled level of
resilience and integrated approaches. We are determined to unearth the best
market opportunities and foster efficient information for your business to
thrive in the market. Data Bridge Market Research provides appropriate
solutions to the complex business challenges and initiates an effortless decision-making
process.



Contact:



Data Bridge Market Research



US: +1 888 387
2818   



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