Articulated Robots Market Size, Share, Growth Analysis, By Payload(Up to 16.00 kg, 16.01–60.00 kg, 60.01 – 225.00 Kg, More Than 225.00 Kg), By Function(Handling, Welding, Dispensing, Assembly), By Industry(Automotive, Electrical and Electronics, Metal and Machinery, Food and Beverages), By Region - Industry Forecast 2024-2031

North America is expected to witness strong growth during the forecast period. Due to the increase in automation and widespread adoption of automation in manufacturing. Today’s manufacturing plants in North America rely on innovative technologies and processes to produce high-quality products at faster and more cost-effective speeds. They are combining more sophisticated software and hardware to provide their manufacturing processes have been enhanced to thrive in the current competitive environment. Industrial robots, such as artificial robots, offer many tangible benefits to manufacturers in North America, including lower operating costs and higher productivity.

Asia-Pacific is estimated to post the highest CAGR during the forecast period. The boom in the global articulated robots market is mostly caused by well-established competitors throughout the region especially in countries such as China, Japan, India etc. yaskawa electrical company, fanuc company, mitsubishi electrical company, kawasaki heavy industries, ltd, toshiba machine co ltd, & seiko epson corporation. Asia Pacific There are only a few well-established players in the Articulated Robot market. In addition, lower labor costs and lower production costs help businesses set up manufacturing facilities. Furthermore, manufacturers have identified automation of manufacturing plant skills as an important trend, which has increased the demand for articulated robots, which will further contribute to the growth of global articulated robots market in the region during the forecast period.