According to Allied Market Research’s report, “Heavy Payload Robotic Arm Market by Payload Capacity, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2018-2025”, the heavy payload robotic arm market was valued at $9,740.57 million in 2017 and is expected to reach $13,620.96 million by 2025, registering a CAGR of 4.39% from 2018 to 2025. Automotive industry dominated the heavy payload robotic arm market, accounting for around one-third share of the total revenue by end-user industry.
The automotive industry accounted for a major share in the heavy payload robotic arm market due to rise in adoption of industrial robotic solutions by various automotive manufacturers over the past few years. As a result, the automotive industry alone accounted for almost one fourth of the market share by end-user industry in the global market in 2017. Further, the increase in demand for commercial and passenger vehicles, especially in the Asian market is anticipated to provide numerous opportunities for the robotic arm manufacturers in automotive industry. Thus, the automotive industry is projected to remain dominant in the coming years.
- In terms of market share, the 500-700 Kg segment generated the maximum revenue in 2017 and is expected to grow at a CAGR of 4.38% during the forecast period.
- The automotive industry is anticipated to grow at a CAGR of 3.82% from 2018 to 2025 and reach $3.34 billion by 2025.
- Asia-Pacific is expected to witness high s CAGR growth of 5.34% from 2018 to 2025.
- The major players in the global heavy payload robotic arm market 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.
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