Global Multi-joint Robots Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.4 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The Global multi-joint robots market has been expanding rapidly due to the increasing adoption of automation across various industries. These robots, known for their flexibility and precision, are becoming integral to manufacturing, healthcare, automotive, and electronics sectors. The ability to perform complex tasks such as assembly, welding, painting, and packaging is driving the demand for multi-joint robots. Additionally, advancements in artificial intelligence (AI) and machine learning have enhanced the capabilities of these robots, making them more autonomous and adaptable to various environments. The integration of collaborative robots (cobots) that can safely work alongside humans further boosts the market growth by offering increased productivity and efficiency in industrial processes. The rising need for reducing labor costs, improving safety, and ensuring high-quality output across manufacturing lines is contributing to the growing market size.
In terms of opportunities, the multi-joint robots market is poised for significant growth, especially in emerging markets. The development of affordable and customizable robots has opened new avenues for small and medium-sized enterprises (SMEs) to incorporate automation into their operations. Additionally, the rising trend of Industry 4.0, with its focus on smart factories and IoT, creates a favorable environment for the growth of multi-joint robots. The healthcare sector presents another promising opportunity, as robots are increasingly used for surgical assistance, rehabilitation, and elderly care. Innovations in robot design, such as lighter and more compact models, are making these robots more accessible to various industries. Furthermore, government initiatives promoting automation and manufacturing efficiency in developing regions are expected to drive significant market growth in the coming years, creating ample business prospects for key players.
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FANUC
ABB
KUKA
YASKAWA ELECTRIC
NACHI-FUJIKOSHI
Kawasaki
Panasonic
ESTUN
DAIHEN
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Multi-joint Robots Market
Industrial Automation
Medical Robotics
Aerospace and Defense
Electronics and Semiconductor Manufacturing
Food and Beverage
Automotive
Light Payload
Medium Payload
Heavy Payload
Automotive
Electronics
Aerospace & Defense
Healthcare
Food & Beverages
Manipulator
Controller
End Effector
Power Supply
Sensor
Articulated Robots
SCARA Robots
Delta Robots
Cylindrical Robots
Cartesian Robots
US (Global, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Multi-joint Robots Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Multi-joint Robots Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Multi-joint Robots Market, By Type
6. Gloabl Multi-joint Robots Market, By Application
7. Gloabl Multi-joint Robots Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Gloabl Multi-joint Robots Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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