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Articulated Robot Market Report 2022-27: Size, Scope, Growth, Trends and Forecast

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According to IMARC Group’s latest report, titled “Articulated Robot Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global articulated robot market reached a value of US$ 8.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.2 Billion by 2027, exhibiting at a CAGR of 9.3% during 2022-2027. Report Metric Historical: 2016-2021 Base Year: 2021 Forecast Year: 2022-2027 We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. An articulated robot is an industrial robot that consists of rotary joints powered by servo motors to allow a full range of motion. It is commonly utilized for performing a variety of processes, such as wielding, assembling, painting, material handling, dispensing, and loading/unloading. Articulated robots are highly durable, cost-effective, and generate precise output. On account of these benefits, they are widely adopted across the aerospace, automotive, and electronics industries. Request Free Sample Report: https://www.imarcgroup.com/articulated-robot-market/requestsample Market Trends The growth of the global articulated robot market can be attributed to the rising establishment of smart factories and the emerging trend of factory automation. Additionally, the growing need for operational efficiency in assembly lines is catalyzing the employment of these robots across industries, which, in turn, is creating a positive outlook for the market. Articulated robots also provide flexibility within production operations with a high payload capacity, which is contributing to their increasing demand for performing industrial tasks. Other factors, including significant growth in the automotive and electronics manufacturing services (EMS) industries, are further escalating the demand for articulated robots across the globe. Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/articulated-robot-market List of Key Companies Covered in this Market Report: The report has segmented the market on the basis of payload, function, type, component, end use industry and geography. Breakup by Payload: Breakup by Function: Breakup by Type: Breakup by Component: Breakup by End Use Industry: Breakup by Geography: Key highlights of the report: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US IMARC Group 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800