The global industrial robot arm market is expected to exhibit strong growth, reaching USD 64.3 billion by 2030. As per the report titled "Industrial robot arm Market Size, Share & COVID-19 Impact Analysis, By Arm Type, Conventional and Collaborative), By Robot Type (Cartesian Robot, SCARA Robot, Articulated Robot, Parallel Robot and Cylindrical Robot), By Payload Capacity (Below 50kg, Between 50 to 100 Kgs, Between 100 to 250kg, Between 500 to 1000Kgs and Above 1000Kgs), By Application (Materials Handling, Cutting & Processing, Soldering & Welding and Assembling & Disassembling & Others), By End Use (Automotive, Electrical/Electronics, Metal & Machinery, Plastics & Chemicals and Food & Beverage), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 26.5 billion and USD 64.3 billion in 2030. The market is expected to exhibit a CAGR of 13.50% during the forecast period.
Doolim-Yaskawa Co, Ltd's Extra Shares Were Purchased By Yaskawa Electric Corporation
In January 2020, through Yaskawa Electric Korea Corporation, Yaskawa Electric Corporation purchased further shares of Doolim-Yaskawa Co., Ltd., a Korean robotic arm painting and sealing system integrator. By utilizing their synergies with Doolim-Yaskawa, Yaskawa Electric and Yaskawa Korea have been striving to launch a company in the robotic arm painting and sealing system market.
Increasing Use Of Robotic Technology In Aircraft Will Open Up New Chances For Business Expansion
Robotics are thought to play a significant part in the production of aerospace goods. Aerospace businesses are rapidly using robots to drill, paint, and conduct other activities on airframes, which is a significant use for robotics in producing aircraft engines. Because the robot can regularly and accurately insert very massive aerospace components, flexible automation ensures potential industrial robot arm market growth. Over the course of the following 20 years, the aircraft sector was expected to spend $3.25 trillion, which ultimately grew to about $4 trillion. Robotics is the most economical solution for the aerospace sector to grow production at this rate.
Market Expansion Could Be Hampered By Ongoing Robot Maintenance And Supervision
Robots must be carefully monitored to prevent mechanical problems that would cause them to stop. This could cause losses for the business. Only the tasks that have been programmed into robots may perform other tasks. Although it can text the operator with feedback on the procedure, the robot cannot resolve it on its own. It is essential for the robot's proper operation that its components receive routine maintenance. Monitoring robot operations and maintaining them are expected to impede market growth for industrial robotic arms throughout the projection period.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the industrial robot arm market plan acquisitions to improve their brand recognition globally. For instance, in June 2022, the GX Series SCARA Robots were introduced by Epson to provide performance and versatility at the cutting edge. With cutting-edge Epson GYROPLUS technology, the GX4 and GX8 SCARA robots provide high throughput, fluid motion control, and big payloads. With different arm configurations, a 250–350 mm reach with the GX4 and a 450–650 mm reach with the GX8, the robot's arm can do operations like assembly, pick and place, and complex small-parts handling procedures with extremely high precision.
List of Key Players Profiled in the Report
Doolim-Yaskawa Co, Ltd's Extra Shares Were Purchased By Yaskawa Electric Corporation
In January 2020, through Yaskawa Electric Korea Corporation, Yaskawa Electric Corporation purchased further shares of Doolim-Yaskawa Co., Ltd., a Korean robotic arm painting and sealing system integrator. By utilizing their synergies with Doolim-Yaskawa, Yaskawa Electric and Yaskawa Korea have been striving to launch a company in the robotic arm painting and sealing system market.
Increasing Use Of Robotic Technology In Aircraft Will Open Up New Chances For Business Expansion
Robotics are thought to play a significant part in the production of aerospace goods. Aerospace businesses are rapidly using robots to drill, paint, and conduct other activities on airframes, which is a significant use for robotics in producing aircraft engines. Because the robot can regularly and accurately insert very massive aerospace components, flexible automation ensures potential industrial robot arm market growth. Over the course of the following 20 years, the aircraft sector was expected to spend $3.25 trillion, which ultimately grew to about $4 trillion. Robotics is the most economical solution for the aerospace sector to grow production at this rate.
Market Expansion Could Be Hampered By Ongoing Robot Maintenance And Supervision
Robots must be carefully monitored to prevent mechanical problems that would cause them to stop. This could cause losses for the business. Only the tasks that have been programmed into robots may perform other tasks. Although it can text the operator with feedback on the procedure, the robot cannot resolve it on its own. It is essential for the robot's proper operation that its components receive routine maintenance. Monitoring robot operations and maintaining them are expected to impede market growth for industrial robotic arms throughout the projection period.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the industrial robot arm market plan acquisitions to improve their brand recognition globally. For instance, in June 2022, the GX Series SCARA Robots were introduced by Epson to provide performance and versatility at the cutting edge. With cutting-edge Epson GYROPLUS technology, the GX4 and GX8 SCARA robots provide high throughput, fluid motion control, and big payloads. With different arm configurations, a 250–350 mm reach with the GX4 and a 450–650 mm reach with the GX8, the robot's arm can do operations like assembly, pick and place, and complex small-parts handling procedures with extremely high precision.
List of Key Players Profiled in the Report
- ABB Ltd
- DENSO Corporation
- Dobot.cc
- Epson America, Inc.
- Fanuc Corporation
- Flexiv Ltd
- Gridbots Technologies Private Limited
- Kawasaki Heavy Industries, Ltd.
- KUKA Robotics Corporation
- Mitsubishi Electric Corporation
- NACHI-FUJIKOSHI CORP
- OMRON Corporation
- Universal Robots
- Yaskawa Europe GmbH
Further Report Findings
- The market in the Asia Pacific is expected to gain a huge portion of the global industrial robot arm market share in the coming years. The existence of significant firms in developing countries like India is what is driving the increase in the regional market's income.
- The market for this area is also predicted to grow due to the industry adoption of automation and escalating technological advancement.
- In North America, the growth in this region is primarily driven by growing research and development by several major key players to introduce novel products.
| Attributes | Details |
| Study Period | 2016-2030 |
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023-2030 |
| Historical Period | 2016-2021 |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Arm Type, By Robot Type, By Payload Capacity, By Application, By End Use and By Geography |
| By Arm Type |
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| By Robot Type |
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| By Payload Capacity |
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| By Application |
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| By End Use |
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| By Region |
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