Heavy Payload Robotic Arm Market by Type (Articulated, Cartesian, SCARA,Cylindrical, and Others), Payload Capacity (500-700 Kg, 701-1,000 Kg, 1,001-3,000 Kg, and 3,001 Kg & above) and End-user Industry (Automotive, Machinery, Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global heavy payload robotic arm market size was $11,421.1 million in 2020, and is expected to reach $19,576.2 million by 2030, with a CAGR of 5.4% from 2021 to 2030.The robotic arm performs an important role for the various end user industries for the completion of the different tasks of daily need as compared to the humans. These arms consist of the end effectors, sensors, actuators, and controllers. These robotic arms help in the regular activities that require consistent quality, superior efficiency, accuracy, precision, and repetition. In addition, advancements and rise in the technology have helped in the labor shortage issues by providing reduced maintenance. Moreover, these heavy payload robotic arms are capable of handling the heavy payloads through the arm wrist and the capacity of armloads increases as payload increases.
The significant driving element for the development of the heavy payload automated arm is growth in government spending over the automated systems. The shrewd mechanization helps the industries in diminishing the expenses, saving expenses, and work on the cycles. With growth in applications of the automation, these robotic arms help many industries to ease their tasks. In addition, the rise in regulations toward saving the fuel to save the non renewable source of energy has led to the reception of the frameworks that save fuel and gives economy. Consequently, this is liable for driving the heavy payload automated market.
However, significant expense for purchasing the heavy payload robots restrains the heavy payload robotic arm market. The modern mechanical arm costs around $25,000 to $400,000 and that increases with the payload capacity of the mechanical arm, which is not letting many organizations to manage and buy the robotized automated arm, hence is retraining the market.
On the contrary, absence of talented labors in various nations has built new opportunities for the heavy payload mechanical arm market. With less number of labors working and developing speculation on automation, the use of the heavy robots for the heavier tasks are letting adoption of these heavy payload mechanical arm that is getting more into utilization which is building new opportunities for the market..
The heavy payload robotic arm market is segmented on the basis of type, payload capacity, end user, and region. By type, the market is divided into articulated, Cartesian, SCARA, cylindrical, and others. On the basis of payload capacity, the market is divided into 500-700 Kg, 701-1,000 Kg, 1,001-3,000 Kg, and 3,001 Kg & above. By end user, the market is divided into automotive, machinery, mining, and others. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the heavy payload robotic arm market include ABB, Apex Automation and Robotics Pty Ltd, Ellison Technologies, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Nachi-Fujikoshi Corp., Stellantis NV(Comau), Vulcan Engineering Co. and Yaskawa America, Inc.Major companies in the market have adopted product launch, business expansion, agreement, and acquisition as their key developmental strategies to offer better products and services to customers in the heavy payload robotic arm market.
KEY BENEFITS FOR STAKEHOLDERS • The report provides an extensive analysis of the current trends, future estimations, and dynamics of the heavy payload robotic arm market.
• In-depth heavy payload robotic arm market analysis is conducted by estimations for the key segments between 2021 and 2030.
• Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
• The market forecast analysis from 2021 to 2030 is included in the report.
• The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market industry.
- By Payload Capacity
- 500-700 Kg
- 701-1,000 Kg
- 1,001-3,000 Kg
- 3,001 Kg & Above
- By End User
- By Region
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Players • ABB
• Apex Automation and Robotics Pty Ltd
• Ellison Technologies
• Fanuc Corporation
• Kawasaki Heavy Industries, Ltd.
• KUKA AG
• Nachi-Fujikoshi Corp.
• Stellantis NV(Comau)
• Vulcan Engineering Co.
• Yaskawa America, Inc.
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