Rockville, March 21, 2023 (GLOBE NEWSWIRE) -- The market for hydraulic robot arm is anticipated to reach US$ 8,397.8 million in 2023 and grow at a healthy 9.8% CAGR between 2023 and 2033. These leading hydraulic robot arm producers are always coming up with innovative product designs to match the current demands of component placement in severe settings.
Modern robots and their peripherals are in high demand, which enables market participants to broaden their product lines. In the hydraulic robot arm market, some significant firms have implemented aggressive price policies. Governments and end-user industries have formed beneficial ties and cooperation with the company.
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A robotic arm (RA) is a type of electromechanical actuator that manipulates materials. Handling, assembly and welding are some of the most common uses of robotic arms. They are widely used in the manufacturing and metalworking industries, as well as laboratory automation. Robotic arms are also found in service robotic applications such as food handling and waste handling.
Consequently, it is anticipated that the market for hydraulic robot arm will grow significantly over the course of the forecast period as hydraulic robot arm are turning to be more advanced in coming years.
Key Takeaways from Market Study
- The global hydraulic robot arm market is projected to reach US$ 21,388.9 million by 2033.
- The market witnessed 8.2% CAGR between 2018 and 2022.
- 3001 kg and above hydraulic robot arm in payload segment will have the market with 28.3% market share in 2023.
- Under end use industry, automotive industry is expected to be valued at US$ 1,746.7 million in 2023.
- Based on region, demand for hydraulic robot arm expected to increase at CAGR of 11.1% in Latin America during the forecast period.
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Competitive Landscape
These leading hydraulic robot arm producers are always coming up with innovative product designs to match the current demands of component placement in severe settings. Modern robots and their peripherals are in high demand, which enables market participants to broaden their product lines. In the hydraulic robot arm market, some significant firms have implemented aggressive price policies.
Key Companies Profiled
- ABB
- Adept Technologies
- Asimov Robotics
- DENSO WAVE INCORPORATED.
- Dobot.cc
- FANUC CORPORATION
- Flexiv
- Gridbots Technologies Private Limited
- Kawasaki Heavy Industries, Ltd.
- KUKA AG
- Mitsubishi Electric Corporation
- NACHI-FUJIKOSHI CORP.
- OMRON Corporation
- Rockwell Automation, Inc.
- Seiko Epson Corporation.
- Universal Robots
- YASKAWA ELECTRIC CORPORATION
Market Development
A robust electronics manufacturing base coupled with rapid industrialization has increased the demand for robotic arms for a variety of applications. Moreover, increasing adoption of automation technology in multiple industries is expected to drive the growth of the market during the forecast period.
The growing integration of robotic process automation and machine learning to improve the capabilities of software bots continues to impact the market. Artificial intelligence (AI) provides advanced business insights and improved data integrity.
In addition, rapid urbanization, lifestyle changes, surge in investment, and rising consumer spending are having a positive impact on the robotic arm market. During the anticipated period, these factors can help the global hydraulic robot arm market grow.
Segmentation of Hydraulic Robot Arm Industry Research
- By Payload:
- Less than 500KG
- 500-3000KG
- 3001KG and Above
- By Axes:
- 4 Axis and less
- 5 Axis
- 6 Axis and Above
- By Application:
- Packaging
- Palletizing
- Material handling
- Painting
- Welding
- Assembly
- Inspection
- Cutting
- Dispensing
- By End Use Industry:
- Aerospace and Defense
- Automotive
- Chemicals & Materials
- Electrical & Electronics
- Food and Beverage
- Healthcare
- Mining & Oil & Gas
- Retail & e-Commerce
- Logistics & Warehousing
- Packaging
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East and Africa (MEA)
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global hydraulic robot arm market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of payload, (less than 500kg, 500-3000kg, 3001kg and above), axes, (4 axis and less, 5 axis, 6 axis and above), application, (packaging, palletizing, material handling, painting, welding, assembly, inspection, cutting, dispensing), end use industry, (aerospace and defense, automotive, chemicals & materials, electrical & electronics, food and beverage, healthcare, mining & oil & gas, retail & e-commerce, logistics & warehousing, packaging, others) and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
Key Questions Covered in the Hydraulic Robot Arm Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Hydraulic Robot Arm sales grow until 2033?
- Which are the factors hampering the Hydraulic Robot Arm demand?
- Which region will spearhead the growth in the global industry during 2023-2033?
- Which are the factors driving sales in the Hydraulic Robot Arm Market during the forecast period?
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Small Robotic Arm Market Size: The small robotic arm market size is estimated to reach valuation of US$ 13,264.0 Million in 2023 and will top US$ 31,113.8 Million by 2033, growing with a CAGR of around 8.9% from 2023-2033.
DIY Robot Arm Market Share: The global DIY robot arm market share will reach a valuation of US$ 928.5 million in 2023 and expected to progress at a CAGR of 8.2% to reach US$ 2,042 million by the end of 2033.
Dual Arm Robot Market Sales: The dual arm robot market sales is estimated to reach valuation of US$ 8.1 Billion in 2023 and will top US$ 23.9 Billion by 2033, growing with a CAGR of around 11.4% from 2023-2033.
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