An articulated robot retains a robotic arm that utilizes rotary joints to function precise movements continually and consistently. Such robots are broadly utilized in manufacturing industries for applications such as assembling, material handling, welding, sealing, picking, wounding, painting and spraying, and machine tending.
The effective growth in requirement for precise operation in assembly lines and augmented automation that propels the requirement for industrial robots drive the articulated robots market. However, great initial investment hampers the market growth. The requirement for application-specific robots suggests a foremost opportunity for market expansion. According to the report analysis, ‘Europe Articulated Robots Market by Subsystem, Function, Component, Payload, Industry Vertical, and Country 2015-2026: Growth Opportunity and Business Strategy’ states that Europe articulated robots market reached USD 4.35 billion during 2018 in terms of robot systems involving hardware, software & service, representing the second principal regional market in the globe.
In addition, owing to the effective growth in requirement for precise operation in assembly lines, augmented automation and increasing investment in the automation industry, the requirement for industrial robots is growing. In addition, high payload capacity articulated robot is in great demand, owing to rising requirement across automated factories to deal with great load applications. Such factors are projected to propel market growth. Despite the above aspects, there are convinced challenges which are limiting the growth of this market. This involves high initial investment, growing requirement for safely handle industrial-grade functions and high installation cost.
Not only has this, due to the great rate of implementation of articulated robots in the automotive industry for controlling heavy automotive parts and in the metal and machinery industry for supervision heavy metal sheets and components, the handling function is projected to hold the greatest share of the articulated robot market during the recent past. The increasing implementation of articulated robots in the food & beverages, plastics, rubber, and chemical industries for automatization of the giving out task is the key factor projected to influence the growth of the articulated robot market for handling function throughout the forecast period.
Although, Europe is projected to account the articulated robot market throughout the forecast period. The foremost driver for this market is the low price of labor and low cost of production, which improves various producers to set up their manufacturing units in Europe. Also, automating the manufacturing plant competencies is another foremost trend implemented by manufacturers, which has augmented the requirement for articulated robots in Europe. The value chain pertaining to the articulated robot market involves phases such as planning and revising fund, R&D, manufacturing, assemblage, distribution, and after-sales services.
Not only has this, Articulated robots can serve several purposes and are versatile in their applications. Thus, they can be utilized in several industries, such as automotive; electrical and electronics; and metals and machinery, for automation. The SMEs outnumber great corporations in terms of manufacturing amenities. Individually, they work more individuals than small corporations. SMEs represent a mainstream of businesses that are yet to comprehend the advantages of automation and robotics. Therefore, in the near years, it is predicted that the market of articulated robots will increase around the globe more effectively over the forthcoming years.
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Europe Articulated Robots Market Research Report
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