Heavy Payload Robotic Arm Market Expected to Reach $19.6 Billion by 2030

According to a new report published by Allied Market Research, titled, “Heavy Payload Robotic Arm Market by Type, Payload Capacity, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global heavy payload robotic arm market size was valued at $11.4 billion in 2020, and is expected to reach $19.6 billion by 2030, with a CAGR of 6.4% from 2021 to 2030. In 2020, Asia-Pacific dominated the global market, in terms of revenue, accounting for around 58.5% share of the global market.

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. The robotic arm assists in tasks that require repetition, precision & accuracy, superior efficiency, consistent quality, are labor intensive or deemed hazardous for human labor. Further, 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 performs numerous operations. Moreover, as the payload capacity increases the robotic arms address the requirement of niche marker and application-specific tasks.

The major factor that drives the heavy payload robotic arm market growth of the heavy payload robotic arm is the rise in regulations toward saving the fuel to save the non renewable source of energy that is letting to the reception of the frameworks that saves fuel and gives the economy. Consequently, this is liable for driving the heavy payload automated market. In addition, the growth in government spending over the artificial intelligence systems has led to rise in   regulations toward adoption of these robots in different industries. The intelligent automation helps the agencies in reducing costs, saving costs, and simplifies the processes. Utilizing the applications of automation by heavy payload robotic arm in different industries lets to huge investment over the systems.

The high cost in order to purchase the heavy payload robotic arm restrains the heavy payload robotic arm market. These systems pay more than $25,000 and cost up to $400,000. Hence the higher cost is not leading many industrialists to adopt these systems, which restrains the market.

In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the market. However, this situation is expected to improve as government has relaxed norms around the world for resuming business activities.

On the contrary, the growth in shortage of the skilled labor is building new opportunities for the market. These robotic systems help in saving the costs of hiring the labors and in addition, it saves the time of the tasks for getting performed that could be performed by the human. Hence, with rise in adoption of the automated systems with growing advantages of the heavy payload robotic arms in the industries has created new opportunities for the market.

The heavy payload robotic arm market is segmented on the basis of type, payload capacity, end user and region. On the basis of type, the market is divided into articulated, Cartesian, SCARA, cylindrical and others. By 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 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 heavy payload robotic arm market share, and LAMEA is anticipated to secure a leading position during the forecast period.

The major players profiled in the 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. 

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging global heavy payload robotic arm market trends and dynamics. 
• Depending on type, the articulated segment was the largest revenue generator in 2020.
• By end-user, the others segment generated the highest revenue in 2020.
• Based on payload capacity, the 500-700 Kg segment dominated the market in 2020.
• Region wise, Asia-Pacific is anticipated to dominate the global heavy payload robotic arm market throughout the study period.
• The report provides an extensive analysis of the global heavy payload robotic arm market trends and emerging opportunities of the market. 
• The global heavy payload robotic arm market forecast analysis from 2021 to 2030 is included in the report.