CNC Robot Arm Market Analysis By Type (5 Axis, 6 Axis, Others), By Application (Automotive, Electrical and Electronics, Machinery, Rubber, Plastics & Chemicals, Food & Beverage, Others) and Regional Forecast to 2032

CNC ROBOT ARM MARKET REPORT OVERVIEW

The global CNC robot arm market size was valued at USD 8.487 billion in 2023 and is expected to reach USD 19.37 billion by 2032, exhibiting a robust CAGR of 9.4% during the forecast period..

The CNC robot arm is also known as a numerical control computer robot arm, and is a device which can be instructed to do a certain set of instructions by using a computer. Any task that the user gives to the robot arm by the help of a computer can be performed in an automatic way by the arm, and this can include many tasks that are assigned to it in different industry settings.

The CNC robot arm market growth has been growing in recent times because sectors such as manufacturing, machining and assembly lines require high automation for their day-to-day operations and these robot arms are the most effective way to achieve that.

COVID-19 Impact: Market Growth Restrained due to Global Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

LATEST TRENDS

"Introduction of Collaborative Robot Equipment in Global Market"

One of the most notable trends in the CNC robot arm market growth is the increased focus on cooperative robots. The added advantage of using cobots for daily operations are the heightened accuracy and efficiency they provide to human capabilities.

CNC ROBOT ARM MARKET SEGMENTATION

By Type

• 5 Axis: This type of CNC robotic arms are used by industrialists who are looking to combine the benefits of good pricing with a flexible machine that is able to perform machining tasks with good precision levels. The most common industries for this type of CNC arm are machinery and automotive sectors, which need to handle materials and assemble products that can be automated by using such arms.
• 6 Axis: The benefits of an increased flexibility amount as well as increased range of motion proves to be beneficial for challenging tasks such as welding, painting, and complex CNC machining. Industries which need such type of precision while performing tasks include the electronic, automotive and even aerospace industries.
• Others: This group includes specialised configurations made for particular purposes or robotic arms with more than six axes. These arms are frequently employed in specialised applications that call for extremely specialised movements or functions, such as in medical device manufacturing.

By Application

• Automotive: For jobs which include the tasks of either welding, assembling or any other type of material handling, the automotive industry mainly uses CNC robotic arms since they require an extremely accurate and productive manufacturing process to be followed at all times.
• Electrical and Electronics: Because electronic devices are getting smaller and higher production volumes are required, robotic arms are essential to the tasks being performed in this industry.
• Machinery: Heavy component handling, assembly, and machining are all done by CNC robotic arms in the machinery industry. Especially for jobs requiring accuracy and consistency, these arms contribute to increased production efficiency and decreased dependency on manual labour.
• Rubber, Plastics & Chemicals: In this industry, repetitive operations of material handling and processing tasks need remarkable precision, and these pose hazardous situations where equipment such as CNC arms can come in handy and ensure safety.
• Food & Beverage: CNC robotic arms are being used more and more by this sector since the food processing and packaging industry needs speed, accuracy and hygienic procedures to be followed at all times.
• Others: This sector could involve the production of consumer goods, logistics, healthcare, and other industries.

DRIVING FACTORS

"Increased Demand for Automation in Manufacturing Leading to Market Growth"

One of the primary driving factors for the CNC robot arm market growth is the increasing demand for manufacturing process automation among businesses. This is mainly because the process of automation of daily operations by using such equipment helps companies in their effort to increase production efficiency and reduce the possibility of human error, which ultimately results in faster production, more accurate performance, as well as higher-quality end products.

"Technological Integration Leading to Advancements in Robotics and AI "

The ongoing developments in the fields of robotics and artificial intelligence, have increased the number of industries that can use CNC robotic arms for very precise work. As more complex and self-governing robotic systems are created and used by different industries to obtain a competitive edge, more market expansion is predicted.

RESTRAINING FACTORS

"High Initial Investment Costs due to Technological Complexity"

Even though CNC robotic arms have a lot going for them, the robotic systems still have a significantly high capital cost that few businesses which have limited resources cannot even think of affording. The technological complexity and sophisticated features of such equipment are not feasible investments for such businesses, especially small scale operations of local companies.

CNC ROBOT ARM MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific to Dominate the Market with Rapid Industrialization"

Rapid industrialization coupled with the presence of major manufacturing hubs in this region’s main countries, along with government programs to advance advanced manufacturing technologies in these nations are factors that aid in the expansion of the regional market.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Strategic Collaborations"

Several key players are shaping the CNC robot arm market share through strategic alliances and ongoing innovation. Increasing the range of products they offer and solidifying their positions in the market are a few ways that these businesses implement their strategic plans for global expansion.

List of Market Players Profiled

• FANUC (Japan)
• KUKA (Germany)
• Siemens (Germany)
• ABB (Switzerland)
• Yaskawa (Japan)
• Kawasaki (Japan)
• DENSO (Japan)
• Universal Robots (Teradyne) (Denmark)
• Nachi-Fujikoshi (Japan)
• Epson (Japan)
• Staubli (Switzerland)
• OTC (Japan)
• COMAU (Italy)
• Omron Adept Technologies (U.S.)
• SIASUN (China)
• HIWIN (Taiwan)
• Yamaha (Japan)
• GSK (China)
• Triowin (China)
• Nanjing Estun Automation (China)

INDUSTRIAL DEVELOPMENT

April, 2024: CNC robotic arms which possess advanced AI capabilities for ensuring precision in complex tasks were launched in 2024, in order to make sure that real-time adaptive learning can take place while performing tasks.

REPORT COVERAGE

This report provides a comprehensive analysis of the CNC robot arm market growth, including major factors affecting global market dynamics such as market size estimations, growth forecasts, and insights into key market segments. It also covers detailed aspects of regional market trends, competitive landscape, and technological advancements. Using the information gleaned from these parameters, valuable insights are highlighted for manufacturers, new entrants, and related companies in the industry.