Market Definition: Robotic Arm Market
Global robotic arm market is expected register a healthy CAGR of 12.96% in the forecast period of 2019-2026.
Robotic arm can be defined as a type of mechanical robot which is capable of providing similar functioning and operations as a human arm rather enhanced. The arm is connected with a rotational manipulator to the end of an arm similar to that of humans. The arm is controlled through the help of a computer system which allows the repetition of movement/operations.
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Key Market Competitors: Robotic Arm Market
Few of the major competitors are ABB; Mitsubishi Electric Corporation; FANUC CORPORATION; KUKA AG; ANCA; YASKAWA ELECTRIC CORPORATION; DENSO CORPORATION; Universal Robots; Kobolt Robotics; Kawasaki Heavy Industries, Ltd.; Omron Corporation; NACHI-FUJIKOSHI CORP.; Seiko Epson Corporation; Flexiv Ltd.; Rockwell Automation, Inc.; ASIMOV Robotics; Gridbots Technologies Private Limited and Dobot.cc.
Major Market Drivers & Restraints are as follows:
- Increasing costs associated with human workforce/labour; this factor is expected to positively affect the growth of the market
- Higher efficiency and effectiveness of operations which results in larger productivity is expected to drive the growth of the market
- Growth in the usage of automation in industries is expected to positively boost the growth of the market
- Requirement of large capital funding and high cost associated with the product restricting the adoption and usage of the product; this factor is expected to restrain the growth of the market
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
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In this market report the market potential has been estimated and careful examination of fundamental sections and provincial markets has been given. The survey likewise sorts the market utilization volume and market share. Analysts have broken down the members alongside their information as well as principals separated from geographical regions and item type. Moreover, the report offers efficient review, product diagrams, and tables to deliver a conclusion.
Market Segmentation: Robotic Arm Market
By Payload Capacity
- Less than 500KG
- 3001KG & Above
- SCARA (Selective Compliance Assembly Robot Arm)
- Spherical or Polar
By End-User Industry
- Electrical & Electronics
- Metals & Machinery
- Plastics & Chemicals
- Food & Beverages
- Materials Handling
- Cutting & Processing
- Soldering & Welding
- Assembling & Disassembling
- North America
- South America
- Rest of South America
Global robotic arm 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 robotic arm market for global, Europe, North America, Asia-Pacific and South America.
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Data Bridge Market Research