Heavy Payload Robotic Arm Market Immense Growth with Key Drivers ABB, Apex Automation and Robotics

 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.

Factors Fueling Growth:

• Asian Manufacturing Boom: The rise of manufacturing capabilities in Asian countries is creating a strong demand for heavy payload robotic arms.
• Labor Cost Squeeze: As labor costs rise in developed economies, companies are increasingly turning to robotic arms to automate tasks and improve efficiency.
• Long-Term Payoff: Heavy payload robotic arms offer significant long-term benefits, such as increased productivity and improved worker safety.

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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.

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.

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Top Players:

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.

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.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.