The global demand for hydraulic robot arm market is expected to reach a valuation of US$ 8,397.8 million in 2023 and is expected to progress at a CAGR of 9.8% to reach US$ 21,388.9 million by the end of 2033.
In 2023, the global robot market is estimated to be valued around US$ 38,654 million. Hydraulic robot arm is a vital part of the total robot market. In terms of value, sales of hydraulic robot arms accounted for nearly 21.7% share of the global robot market at the end of 2022.
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Automotive Sector a Driving Segment in Hydraulic Robot Arm Industry
The automotive segment of the hydraulic robot arm industry is a rapidly growing market. This segment is driven by the need for increased automation in the automotive industry, as well as the need for improved safety and efficiency. Hydraulic robot arms are used in a variety of automotive applications, including assembly, welding, painting, and inspection.
They are also used in the production of parts and components for cars, trucks, and other vehicles. Hydraulic robot arms offer a number of advantages over traditional robotic arms, including increased accuracy and precision, faster cycle times, and improved safety. They are also more cost-effective than traditional robotic arms, making them an attractive option for many automotive manufacturers.
Additionally, they are more reliable and require less maintenance than traditional robotic arms. The automotive segment of the hydraulic robot arm industry is expected to continue to grow in the coming years as more manufacturers adopt these technologies. This growth will be driven by the need for increased automation in the automotive industry, as well as the need for improved safety and efficiency.
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:
- Adept Technologies
- Asimov Robotics
- DENSO WAVE INCORPORATED.
- FANUC CORPORATION
- Gridbots Technologies Private Limited
- Kawasaki Heavy Industries, Ltd.
- KUKA AG
- Mitsubishi Electric Corporation
- NACHI-FUJIKOSHI CORP.
- OMRON Corporation
- Rockwell Automation, Inc.
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Key Segmentation :
- By Payload :
- Less than 500KG
- 3001KG and Above
- By Axes :
- 4 Axis and less
- 5 Axis
- 6 Axis and Above
- By Application :
- Material handling
- By End Use Industry :
- Aerospace and Defense
- Chemicals & Materials
- Electrical & Electronics
- Food and Beverage
- Mining & Oil & Gas
- Retail & e-Commerce
- Logistics & Warehousing
- By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East and Africa (MEA)
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?