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ContinueMarket Analysis: Global Articulated Robot Market
Articulated Robot Market is expected to rise from its initial estimated value of USD 11.09 billion in 2018 to an estimated value of USD 38.17 billion by 2026, registering a CAGR of 16.71% in the forecast period of 2019-2026. Rising automation is the major factor for the growth of this market.
Market Definition: Global Articulated Robot Market
Articulated robots are those industrial robots with rotatory joints so that they can perform any movement correctly and repeatedly. They are usually used in the manufacturing industry so that they can perform function like welding, sealing, picking, assembling, painting etc. they are usually powered by electric motors. Growth in the manufacturing industry is the major factor fuelling the growth of this market.
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Market Drivers:
Market Restraints:
Segmentation: Global Articulated Robot Market
By Payload
By Function
By Industry
By Type
By Subsystem
By Component
By Geography
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Key Developments in the Market:
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Competitive Analysis: Global Articulated Robot Market
Global articulated robot market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of articulated robot market for global, Europe, North America, Asia-Pacific and South America.
Major Market Competitors/Players: Global Articulated Robot Market
Few of the major competitors currently working in the global articulated robot market are ABB, Omron Corporation, Comau, DAIHEN Corporation, DENSO WAVE INCORPORATED, Ellison Technologies, Inc., Epson America, Inc., FANUC CORPORATION, Genmark Automation, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, NACHI-FUJIKOSHI CORP., Panasonic Corporation, Rethink Robotics, Robert Bosch GmbH, Rockwell Automation, Inc., SCHUNK GmbH & Co. KG., Stäubli International AG., TOSHIBA MACHINE CO.,LTD, Universal Robots, YRG Inc., YASKAWA ELECTRIC CORPORATION.
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