Articulated Robot Market | Exactitude Consultancy Reports

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Articulated Robot Market by Payload Capacity (Up to 16kg, 16-60kg, Above 60kg), By Functionality (Handling, Welding, Dispensing, Assembly), by End-User (Automotive, Electrical & Electronics, Food & Beverages, Pharmaceuticals) and Region, Global trends and forecast from 2023 to 2029

The articulated robot market is expected to grow at 11.5% CAGR from 2023 to 2029. It is expected to reach above USD 46.6 billion by 2029 from USD 17.5 billion in 2020.

Segment Analysis
The articulated robot market is segmented based on payload capacity, functionality, end-user and region,

Based on Payload Capacity, the articulated robot market can be segmented based on payload capacity into three categories: up to 16 kg, 16-60 kg, and over 60 kg. The up to 16 kg segment is dominated by small-scale manufacturing and electronics industries, while the 16-60 kg segment is primarily used in automotive and aerospace industries. The over 60 kg segment is used in heavy-duty applications such as metalworking and construction.

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