Rockville, Jan. 17, 2023 (GLOBE NEWSWIRE) -- The global assembly robot market is estimated to exceed US$ 14,832.0 Million by the end of 2023, by growing at an impressive CAGR of 11.6% over the assessment period of 2023-2033.
A manual line consists of a series of processes and also workstations, each performing work in a predetermined order and outputting a highly finished product. Robotics is being used to improve assembly lines, giving manufacturers an edge in speed, consistency, and quality control. An assembly robot is a robotic arm that performs tasks within a production scenario according to programmed commands.
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Report Attributes | Details |
| Historical Data | 2023-2033 |
| Value Projection (2032) | US$ 44,446.9 Million |
| Growth Rate (2022-2032) | 11.6% |
| No. of Pages | 170 pages |
| No. of Tables | 36 Tables |
| No. of Figures | 119 Figures |
Key Takeaways from Study
- Global assembly robots market is poised to expand throughout the forecast period and reach the valuation of US$ 44,446.9 Million by the end of 2033.
- The global assembly robots market witnessed a healthy CAGR of 8.2% during 2018 to 2022.
- By end use industry segment, logistics sub-segment is likely to account for 16.7% of revenue share by obtaining a valuation of US$ 2,476.9 Million in 2023.
- Global assembly robots market is poised to garner an absolute dollar opportunity of US$ 31,338.2 Million during forecast period
- North America region is expected to register a CAGR of 9.7% over the forecast period, as it will be valued at US$ 2,560.0 Million by 2023 end.
- Under axes segment, 5 Axis sub-segment is estimated to account for approximately a 16.2% revenue share in 2023.
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Market Development
Manufacturers of assembly robot are developing fully electric autonomous product for closed industrial environments. Major players are focusing on solutions and new product designs that will be more sustainable, cost-efficient, and easier to maintain.
Companies should focus on launching new robot specially designed for the assembly line with advanced technologies. With increasing number of collaborations and partnerships with municipal managements, assembly robot market will witness a substantial growth in the near future.
Competitive Landscape
Assembly robots can also perform different tasks such as part identification based on their shape, size, and color. Further, it can also sort the parts as per the programmed task. This process can be made easier and effective by the introduction of highly sensitive and highly advanced sensors.
Key Companies Profiled
- ABB
- DOBOT.nu
- FANUC America Corporation
- FISNAR
- Kawasaki Robotics (USA), Inc.
- KUKA AG
- Omron Corporation
- Phoenix Control Systems Ltd.
- Steven Douglas Corp.
- TIESSE ROBOT SpA
- Universal Robots
- Yaskawa America, Inc
Key players should focus on integrating their robots with such advanced technologies for better sales opportunities for the product. In addition, making such assembly robots available at cost-effective prices for the end users can provide a margin for revenue generation.
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Segmentation of Assembly Robot Industry Research
- By Robot Type :
- Articulated robots
- Cartesian robots
- SCARA robots
- Other robots
- By Axes :
- 4 Axis or less
- 5 axis
- 6 axis or more
- By Application :
- Packaging
- Palletizing
- Material handling
- Painting
- Welding
- Assembly
- Inspection
- Cutting
- Dispensing
- By End Use Vertical :
- Aerospace and Defense
- Automotive
- Chemicals & Materials
- Electrical & Electronics
- Food and Beverage
- Healthcare
- Mining & Oil & Gas
- Retail & e-Commerce
- Logistics & Warehousing
- Packaging
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia and Oceania
- Middle East & Africa
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global assembly robots market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033. the study divulges essential insights on the market on the basis of robot type (articulated robots, cartesian robots, SCARA robots, other robots), axes (4 axis or less, 5 axis, 6 axis or more), application (packaging, palletizing, material handling, painting, welding, assembly, inspection, cutting, dispensing), end use vertical (aerospace and defense, automotive, chemicals & materials, electrical & electronics, food and beverage, healthcare, mining & oil & gas, retail & e-commerce, logistics & warehousing, packaging, others) and across six major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania, The Middle East & Africa).
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