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 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).
Competition Analysis
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
KEY MARKET SEGMENTS
- ByType
- Articulated
- Cartesian
- SCARA
- Cylindrical
- Others
By Payload Capacity
- 500-700 Kg
- 701-1,000 Kg
- 1,001-3,000 Kg
- 3,001 Kg & Above
By End User
- Automotive
- Machinery
- Mining
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Heavy Payload Robotic Arm Market, by Payload Capacity
Chapter 5: Heavy Payload Robotic Arm Market, by End-User Industry
Chapter 6: Heavy Payload Robotic Arm Market, by Region
Chapter 7: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Heavy Payload Robotic Arm Market by Type, Payload Capacity, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,”The global heavy payload robotic arm market size was valued at $11.4 billion in 2020, and is expected to reach $19.6 billion by 2030, with a CAGR of 6.4% from 2021 to 2030. In 2020, Asia-Pacific dominated the global market, in terms of revenue, accounting for around 58.5% share of the global market.
The robotic arm plays a vital role across various end-user industries for successful completion of desired tasks as compared to humans in daily activities. These, mechanical arms equipped with controllers, actuators, sensors, and end-effectors to name a few components that constitute the robotic arms. The robotic arm assists in tasks that require repetition, precision & accuracy, superior efficiency, consistent quality, are labor intensive or deemed hazardous for human labor. Further, the advancement of technology has facilitated in superior working hours with reduced maintenance and service periods. Among these, the heavy payload robotic arm is capable of handling heavy payloads at arm wrist and performs numerous operations. Moreover, as the payload capacity increases the robotic arms address the requirement of niche marker and application-specific tasks.
The major factor that drives the heavy payload robotic arm market growth of the heavy payload robotic arm is the rise in regulations toward saving the fuel to save the non renewable source of energy that is letting to the reception of the frameworks that saves fuel and gives the economy. Consequently, this is liable for driving the heavy payload automated market. In addition, the growth in government spending over the artificial intelligence systems has led to rise in regulations toward adoption of these robots in different industries. The intelligent automation helps the agencies in reducing costs, saving costs, and simplifies the processes. Utilizing the applications of automation by heavy payload robotic arm in different industries lets to huge investment over the systems.
The high cost in order to purchase the heavy payload robotic arm restrains the heavy payload robotic arm market. These systems pay more than $25,000 and cost up to $400,000. Hence the higher cost is not leading many industrialists to adopt these systems, which restrains the market.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the market. However, this situation is expected to improve as government has relaxed norms around the world for resuming business activities.
On the contrary, the growth in shortage of the skilled labor is building new opportunities for the market. These robotic systems help in saving the costs of hiring the labors and in addition, it saves the time of the tasks for getting performed that could be performed by the human. Hence, with rise in adoption of the automated systems with growing advantages of the heavy payload robotic arms in the industries has created new opportunities for the market.
The heavy payload robotic arm market is segmented on the basis of type, payload capacity, end user and region. On the basis of type, the market is divided into articulated, Cartesian, SCARA, cylindrical and others. By 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.
Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global heavy payload robotic arm market share, and LAMEA is anticipated to secure a leading position during the forecast period.
The major players profiled in the 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.
Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging global heavy payload robotic arm market trends and dynamics
- Depending on type, the articulated segment was the largest revenue generator in 2020
- By end-user, the others segment generated the highest revenue in 2020
- Based on payload capacity, the 500-700 Kg segment dominated the market in 2020
- Region wise, Asia-Pacific is anticipated to dominate the global heavy payload robotic arm market throughout the study period
- The report provides an extensive analysis of the global heavy payload robotic arm market trends and emerging opportunities of the market
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 11569.7 million |
| Forecasted Market Value ( USD | $ 19576.2 million |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
