Lucintel's latest market report analyzed that articulated robot provides attractive opportunities in the automotive, electrical and electronic, metal and machinery, precision engineering & optic, and pharmaceutical & cosmetic industries. The articulated robot market is expected to reach $29.5 billion by 2028 with a CAGR of 12.9%. In this market, handling is the largest segment by function, whereas automotive is largest by end use industry.
Based on function, the articulated robot market is segmented into handling, welding, dispensing, assembly, processing, and others. The handling segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to substantial use of these robots in the handling huge automobile parts and heavy metal sheets and components in the metal and equipment industry.
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The Articulated Robot Market is marked by the presence of several big and small players. Some of the prominent players offering articulated robot include American Robot, DENSO WAVE INCORPORATED, Sierra Tango Robotics dot com, Aurotek, ABB.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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