The latest market analysis from Reed Intelligence reveals that the global articulated robot market is on track for robust growth, with the market size projected to expand substantially between 2023 and 2031.
Market Overview
Base Year (2023): Market valued at USD 24.48 billion
Forecast Year (2031): Projected to grow with a CAGR of 16.1% through the forecast period.
Key Highlights
Largest Region (2023): North America, holding a dominant share of the global market.
Fastest-growing Region: Asia Pacific (APAC) — projected to grow at the fastest pace over the forecast period.
Largest Segmentation by Type: The “6-Axis or More” category remains a primary contributor to revenue.
Major Application Segment: The “Handling” application leads in usage globally, showing high demand across industries.
Fastest-growing Segmentation: Handling applications are also projected to grow at a strong pace during the forecast period.
Market Dynamics
The global articulated robot market is witnessing an acceleration driven by increasing adoption of automation, proliferation of Industry 4.0 initiatives, and rising labor costs that incentivise manufacturers to switch to robotic systems.
These factors make articulated robots — especially multi-axis systems — more attractive for tasks requiring precision, repeatability, and high throughput, such as material handling, assembly, welding, and painting.
At the same time, the market faces headwinds in the form of supply-chain disruptions, high initial capital expenditure for installation, and uncertainties related to economic cycles and regulatory environments. However, these challenges also create opportunities: increasing demand for collaborative robots, expansion into healthcare and advanced-materials sectors, and growth in emerging economies — especially within Asia-Pacific and other under-penetrated regions.
Top Market Players
Fanuc
Kuka
ABB
Yaskawa
Kawasaki
Denso
Nachi-Fujikoshi
Epson
Staubli
OTC
Comau
Omron Adept Technologies
Siasun
Hiwin
Yamaha
Additional firms including GSK, Triowin, and Nanjing Estun Automation.
Segmentation & Regional Scope
By Type
4-Axis or Less
5-Axis
6-Axis or More
By Application / End-Use Industry
Automotive
Electrical & Electronics
Machinery
Rubber, Plastics & Chemicals
Food & Beverage
Others
By Region
North America
Europe
Asia-Pacific (APAC)
Middle East & Africa (LAMEA/MEA)
Latin America / Other regions (as defined in the report)
About the Report
The report by Reed Intelligence provides a comprehensive, in-depth analysis of the global articulated robot market — including market size, segmentation by type and application, regional analysis, competitive landscape, and expert commentary on market dynamics such as drivers, restraints, and growth opportunities.
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