Heavy Payload Robotic Arm Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Payload Capacity and End-user Industry : Global Opportunity Analysis and Industry Forecast, 2021-2030

The global heavy payload robotic arm market size was $11,421.1 million in 2020, and is expected to reach $19,576.2 million by 2030, with a CAGR of 5.4% from 2021 to 2030. The robotic arm plays an essential role over the different end-user industries for successfully completing the desired task being compared to humans in the daily activities. These arms are equipped with the end-effectors, sensors, actuators, and the controllers. These robotic arms help in the completion of industrial tasks that could be risky for humans. In addition, the advancements and rise in technology had facilitated in the superior working hours that are required for reducing the maintenance. Moreover, the heavy payload robotic arm helps in handling the heavy payloads at the arm wrist and for the performance of the numerous operations. The robotic arm works according to the payload capacity, which increases its capacity as per the task.

The major driving factor for the growth of the heavy payload robotic arm market growth in government spending over the artificial intelligence systems. The intelligent automation helps the agencies in reducing the costs, saving costs, and simplifies the processes. Utilizing applications of automation by heavy payload robotic arm in different industries is letting to huge investment over the systems. In addition, the rise in adoption toward saving the fuel in order to preserve the non-renewable source of energy is letting to the adoption of the systems that save fuel and provide the economy. Hence, this is responsible for driving the growth of the heavy payload robotic market.

However, high cost for purchasing the heavy payload robots restrains the heavy payload robotic arm market. The industrial robotic arm costs around $25,000 to $400,000, which increases with the payload capacity of the robotic arm that does not let many companies to afford and purchase the automated robotic arm, hence restraining the market.

Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of heavy payload robotic arm as well as their demand in the market, thereby restraining the growth of the heavy payload robotic arm market. Conversely, industries have gradually resumed their regular manufacturing and services. This is expected to lead to re-initiation of heavy payload robotic arm companies at their full-scale capacities, which is likely to help the market to recover by end of 2021.

On the contrary, lack of skilled labors in different developed countries is letting to build new opportunities for the market. With smaller number of skilled labor and growth in investment on automation, the hour of performing a task gets reduced and hence for the heavier tasks, these heavy payloads robotic arm get more into use, which build new opportunities for the market.

The heavy payload robotic arm market is segmented on the basis of type, payload capacity, end user, and region. By type, the market is divided into articulated, Cartesian, SCARA, cylindrical, and others. On the basis of payload capacity, the market is divided into 500-700 Kg, 701-1,000 Kg, 1,001-3,000 Kg, and 3,001 Kg & above. By end user, the market is divided into automotive, machinery, mining, and others. 

Region wise, the global heavy payload robotic arm market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global market share, and LAMEA is anticipated to secure a leading position during the forecast period.

On the basis of type, in 2020, the articulated segment dominated the heavy payload robotic arm market share, in terms of revenue, whereas the cylindrical segment is expected to witness growth at the highest CAGR during the forecast period. As per end-user industry, in 2020, the others segment led the market, however, the machinery segment is expected to exhibit highest CAGR in the near future. By payload capacity, the 500-700 Kg segment led the market in 2020, in terms of revenue; however, the 3,001 Kg & above segment is anticipated to register highest CAGR during the forecast period. Region wise, Asia-Pacific garnered the highest revenue in 2020; however, LAMEA is anticipated to register highest CAGR during the forecast period.

Competition Analysis

The major players profiled in heavy payload robotic arm market include ABB, Apex Automation and Robotics Pty Ltd, Ellison Technologies, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Nachi-Fujikoshi Corp., Stellantis NV(Comau), Vulcan Engineering Co. and Yaskawa America, Inc.

Major companies in the market have adopted product launch, business expansion, agreement, and acquisition as their key developmental strategies to offer better products and services to customers in the market.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current heavy payload robotic arm market trends and future estimations.  
• Extensive analysis of heavy payload robotic arm is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global heavy payload robotic arm market forecast analysis from 2021 to 2030 is included in the report.
• The key market players within the global market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global heavy payload robotic arm industry.

  Heavy Payload Robotic Arm Market Report Highlights

Aspects	Details
By Type	Articulated Cartesian SCARA Cylindrical Others
By Payload Capacity	500-700 Kg 701-1,000 Kg 1,001-3,000 Kg 3,001 Kg & Above
By End User	Automotive Machinery Mining Others
By Region	North America  (U.S., Canada, Mexico) Europe  (Germany, France, UK, Italy, Rest of Europe) Asia-Pacific  (China, Japan, South Korea, India, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)

Analyst Review

The heavy payload robotic arm constitutes programmable mechanical arms that are capable of handling heavy to very heavy payload capacities at their arm wrist. Moreover, based on the robotic arm configuration, construction, and design, the arm can move within workspace and perform various tasks. These robotic arms facilitate tasks that are repetitive, physically enduring, labor intensive, and dangerous for human labor. The increase in expenditure by manufacturers for improving the plant production capabilities through integration of industrial robotics is expected to drive the growth of heavy payload robotic arm market. Further, the long-term benefits of robotic arms such as improved efficiency, low maintenance, consistent quality, and continuous operation among others is anticipated to boost its adoption among small and medium enterprise owners in coming years.

The ability to handle large payload capacities by these robotic arms has resulted in their adoption across different industry verticals. For instance, the heavy payload robotic arm finds application in picking & placing, materials handling, machine loading, parts transfer, palletizing, milling robots, and materials removal to name a few applications. However, the robotic arm with very heavy payload capacity address the requirement of niche market.

Author Name(s) : Digvijay Pawar | Sonia Mutreja

Related Tags

• Material Handling
• Industrial Automation

^*Terms and Conditions Apply