Heavy Payload Robotic Arm Market to Reach $19.57 Bn, Globally, by 2030 at 5.4% CAGR: Allied Market Research

Rise in manufacturing capabilities of Asian countries, increased labor costs in developed economies, and long term benefits of robotic arms drive the growth of the global heavy payload robotic arm market.

PORTLAND, Ore., March 17, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Heavy Payload Robotic Arm Market by Type (Articulated, Cartesian, SCARA,Cylindrical, and Others), Payload Capacity (500-700 Kg, 701-1,000 Kg, 1,001-3,000 Kg, and 3,001 Kg & above) and End-user Industry (Automotive, Machinery, Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". According to the report, the global heavy payload robotic arm industry generated $11.42 billion in 2020, and is anticipated to generate $19.57 billion by 2030, witnessing a CAGR of 5.4% from 2021 to 2030.

Prime determinants of growth

Rise in manufacturing capabilities of Asian countries, increased labor costs in developed economies, and long term benefits of robotic arms drive the growth of the global heavy payload robotic arm market. However, high cost of initial investment and maintenance and lack of skilled labor hinder the market growth. On the other hand, support in R&D activities of industrial robotics presents new opportunities in the coming years.

Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/4713

Covid-19 Scenario

• The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global heavy payload robotic arm market, especially during the initial phase.
• Manufacturing activities were stopped or restricted to a huge extent, which directly affected the installation of new heavy payload robotic arm system.
• Nevertheless, industries have gradually resumed their regular manufacturing processes. This is expected to lead to re-initiation of heavy payload robotic arm companies at their full-scale capacities. This is likely to help the market to recover soon.

The articulated segment to maintain its leadership status throughout the forecast period

Based on type, the articulated segment held the highest market share in 2020, accounting for more than two-fifths of the global heavy payload robotic arm market, and is estimated to maintain its leadership status throughout the forecast period. This is owing to its broad range of applications for industries such as material handling, arc welding, and packaging. Moreover, the SCARA segment is projected to manifest the highest CAGR of 6.5% from 2021 to 2030.

Get detailed COVID-19 impact analysis on the Heavy Payload Robotic Arm Market: https://www.alliedmarketresearch.com/request-for-customization/4713

The machinery segment to maintain its lead position during the forecast period

Based on end use industry, the machinery segment accounted for the largest share in 2020, contributing to more than one-fourth of the global heavy payload robotic arm market, and is projected to maintain its lead position during the forecast period. However, the automotive segment is expected to portray the largest CAGR of 4.8% from 2021 to 2030.

Asia-Pacific, followed by Europe and North America, to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by Europe and North America, held the highest market share in terms of revenue 2020, accounting for nearly three-fifths of the global heavy payload robotic arm market. This is owing to large scale manufacturing industries in China and India as well as production of robotic arms in China. Moreover, the LAMEA region is expected to witness the fastest CAGR of 6.8% during the forecast period, owing to rapid industrialization in emerging countries of the region.

Leading Market Players

• 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.
• Yaskawa America, Inc.

Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/4713

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports We Have:

Industrial Robotics Market - Global industrial robotics market is expected to reach $116,848.7 million by 2030, with a CAGR of 11.7% from 2021 to 2030.

Robotics Market – Global robotics market is expected to reach $149,866.4 million by 2030, with a CAGR of 27.7% from 2021 to 2030.

Inspection Robots Market – The inspection robots market is projected to reach $13,942.5 million by 2030, growing at a CAGR of 30.9% from 2021 to 2030.

Robot End Effector Market - The robot end effector market is expected to reach $ 15,623.0 million by 2030, registering a CAGR of 16.9% from 2021 to 2030.

Painting Robots Market - Global Painting Robots Market growing at a CAGR of 10.4% from 2017 to 2023.

Pre-Book Now with 10% Discount:

Fiberglass Cutting Robots Market - Global Opportunity Analysis and Industry Forecast, 2022-2029

Waste Sorting Robots Market - Global Opportunity Analysis and Industry Forecast, 2022-2029

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg