The Articulated robots possess the rotary joints such that it can accomplish any movement acceptably and repeatedly. Such robots can variety from simple two-jointed structures to systems with 10 or more networking joints. They are customarily used to perform operations such as welding, sealing, picking, machine tending, assembling, and painting.
According to the report analysis, ‘Asia-Pacific Articulated Robots Market by Subsystem, Function, Component, Payload, Industry Vertical, and Country 2015-2026: Growth Opportunity and Business Strategy’ states that the Asia-Pacific articulated robot market is predicted to augment by 13.69% in terms of robot system revenue and reach USD 43.57 billion by 2026, representing the principal regional market around the world. The annual shipment in this region will progress to 477.24 thousand units during 2026 with a 2019-2026 CAGR of 16.57%. Additionally, owing to the rise in requirement for precise operation in assembly lines, augmented automation and growing the investment in the automation industry, the requirement for industrial robots is proficiently augmenting. In addition, high payload capacity articulated robot is in great demand, due to growing demand around automated factories to deal with heavy load applications. Such factors are projected to propel market growth.
Not only has this, some of the foremost factors propelling the market growth include increasing growing investments for automation in several industries, growing requirement from SMEs in developing regions and growing requirement for electric vehicles. However, the great overall installation cost for low-volume production applications are limiting the market growth. In addition, APAC is probably to have a huge requirement during the forecast period owing to the implementation of articulated robots by countries such as China, India, Japan, and South Korea for a myriad of industrial applications. Also, the less cost of production enables several manufacturers to set up their manufacturing units around APAC.
ABB Ltd., Adept Technology Inc., Comau S.p.A, Daihen Corp., Denso Wave Inc., Ellison Technologies Inc., Epson Robotics, Fanuc Corp., Genmark Automation, Inc., Kawasaki Robotics Inc., Mitsubishi Electric Corp., Nachi Fujikoshi Corp., Panasonic Corporation (Activelink), Pari Robotics, Rethink Robotics, Inc., Robert Bosch GmbH, Rockwell Automation Inc., Schunk GmbH, Staubli International AG, Toshiba Machine Co., Ltd., Universal Robots, Yamaha Robotics, and Yaskawa Electric Corp. are the players around Asia Pacific articulated robots which presently functioning more proficiently.
Although, the automotive industry is the most communal user of articulated robots, as it comprises a wide variability of tasks such as manufacturing and assembly which comprises operations such as welding, cutting, painting, and several others. Moreover, the applications of such articulated robots play a vigorous role to augment productivity, production, efficiency and also for deduction of energy consumption in the automotive industry. Requirement for automobiles is growing continuously and with the augmenting disposable income around the region such as Asia-Pacific, the requirement for automation augments, thus driving the requirement for the articulated robots.
Also, automating the manufacturing plant capabilities is another foremost trend implemented by manufacturers, which has augmented the requirement for articulated robots in APAC. The value chain pertaining to the articulated robot market encompasses phases such as planning and reviewing fund, R&D, producing, assembly, distribution, and after-sales services. Therefore, in the near years, it is anticipated that the market of articulated robots will increase around the globe more effectively over the forthcoming years.
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Ankur Gupta, Head Marketing & Communications