According to the recent report by IMARC Group, titled “Heavy Payload Robotic Arm Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ The global heavy payload robotic arm market size reached US$ 12.46 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.71 Billion by 2028, exhibiting a growth rate (CAGR) of 3.85% during 2023-2028.
What is Heavy Payload Robotic Arm?
A heavy payload robotic arm maintains the capability to execute demanding tasks, including picking and placing, machine loading, drilling, palletizing, and spraying. It is constructed using robust materials, such as steel, aluminum, and composites, to withstand substantial forces and torques. A heavy payload robotic arm ensures the safe and accurate handling of hefty freight and is equipped with force sensing, load balancing, and collision avoidance features. In addition to this, by performing tasks that would pose risks to human workers, it effectively reduces the likelihood of injuries. As a result, a heavy payload robotic arm finds widespread applications in loading and unloading heavy materials on trucks or conveyors, assembling large components, welding sizable structures, and machining heavy parts.
What are the growth prospects and trends in the Heavy Payload Robotic Arm industry?
The escalating product demand in the automotive industry for manufacturing various vehicle components and enhancing worker productivity, and the rising sales of luxury cars, owing to the inflating income levels, are primarily driving the heavy payload robotic arm market. Besides this, the deep concerns for labor safety, the desire for minimal operational costs, and the elevating requirement for these equipment in the construction sector for loading and unloading materials, on account of the increasing building activities across residential, commercial, and industrial spaces, are further augmenting the market growth.
Moreover, the agricultural industry utilizes heavy payload robotic arms for tasks, such as crop planting and harvesting and handling and transporting livestock, which is also catalyzing the global market. Additionally, the integration of artificial intelligence (AI), machine learning (ML), sensors, and control systems into these equipment to enhance their accuracy and efficiency, resulting in precise task execution, is acting as another significant growth-inducing factor. Furthermore, the emergence of remotely operated products capable of performing tasks in hazardous environments is anticipated to propel the heavy payload robotic arm market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Articulated
- Cartesian
- SCARA
- Cylindrical
- Others
Payload Capacity Insights:
- 500-700 Kg
- 701-1,000 Kg
- 1,001-3,000 Kg
- 3,001 Kg and Above
End User Insights:
- Automotive
- Machinery
- Mining
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ABB Ltd.
- Ellison Technologies Inc. (Mitsui & Co., Ltd.)
- FANUC Corporation
- Kawasaki Heavy Industries Ltd.
- KUKA AG (Midea Group)
- Nachi-Fujikoshi Corp.
- Stellantis N.V.
- Vulcan Engineering Co.
- Yaskawa Electric Corporation
Request for a PDF Sample of this Report: https://www.imarcgroup.com/heavy-payload-robotic-arm-market/requestsample
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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