The rise in emphasis towards improving the operational efficiency of production as well as cost reduction fuel the adoption of robotic arms and industrial robotics across various end-users. In addition, the high cost of labor, especially among developed economies such as North America and Europe is anticipated to drive the market growth of heavy payload robotic arm market in the coming years.
The Heavy Payload Robotic Arm Market size is expected to reach $13,620.96 million by 2025 from $9,740.57 million in 2017, growing at a CAGR of 4.39% during the forecast period (2018â2025). As the name suggests these robotic arms are capable of handling heavy to very heavy payloads.
The robotic arm plays a vital role across various end-user industries for successful completion of desired tasks as compared to humans in daily activities. These, mechanical arms equipped with controllers, actuators, sensors, and end-effectors to name a few components that constitute the robotic arms.
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The advancement of technology has facilitated in superior working hours with reduced maintenance and service periods. Among these, the heavy payload robotic arm is capable of handling heavy payloads at arm wrist and perform numerous operations.
The heavy payload robotic arm has significant applications for tasks that involve picking & placing, palletizing, materials handling, transferring parts & components, assembly lines and machine tending among other tasks. Thus, based on end-user industry the market is broadly classified into construction, manufacturing, automotive, machinery, mining, and others.
Major End-User Industries:
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Major Key Player:
The major players in the global heavy payload robotic arm market are focusing on the new product development to gain a strong foothold in the market. The key players profiled in the report include ABB Ltd., Kuka Robotics, Fanuc Corporation, Kawasaki Heavy Industries Ltd., Yaskawa America, Inc., Nachi Fujikoshi Corporation, Seiko Epson Corporation, Universal Robots A/S, Vulcan Engineering Co., and Comau SpA.
Key findings of the Heavy Payload Robotic Arm Market:
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