Articulated Robot Market — Recent Trends, Development and Growth by Regions to, Analysis, Forecast to 2026

According to a new market report published by Transparency Market Research titled “Articulated Robot Market  – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026,” the global articulated robot market is expected to reach US$ 22,939.2 Mn by 2026. The market is projected to expand at a CAGR of 14.22% during the forecast period from 2018 to 2026.
According to the report, the global articulated robot market will continue to be influenced by a range of factors such as rising applications of articulated robots across automotive and electronic manufacturing services industries and increasing use of articulated robots by many enterprises to boost factory automation in order to ramp up the production. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at above 15% through 2026.
The global articulated robot market is bifurcated by components into hardware, software, and services. Hardware based component segment is expected to surpass US$ 11,300.00 Mn by 2026. Articulated robots are being extensively used across all industry verticals especially across automotive, aerospace, electronics, and food & beverages around the globe, as it is used for various applications that include soldering, painting, assembly, and palletizing.
Additionally, articulated robots can handle different payload applications ranging from 16Kg to 300Kg, which makes it very useful for performing various applications with higher precision and speed. Furthermore, rising trend of factory automation or “Industry 4.0” has increased the adoption of articulated robots around the globe.

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