This market research by FactMR briefs on market trends and challenges faced by manufacturers in the Dual Arm Robot Market. The report includes many strategies and brings focuses on various tactics used by prominent market players including partnerships, collaborations, and strategic partnerships that are leading to a rise in the footprint in the industry. This market research report highlights the most important market insights that take businesses to the highest level of growth and success. This market report has been prepared by considering several fragments of the present and upcoming market scenario. The insights provided in this influential Dual Arm Robot Market report are based upon SWOT analysis on which businesses can rely confidently.
The global dual arm robot market is estimated to exceed US$ 8.1 Billion by the end of 2023, by growing at an impressive CAGR of 11.4% over the assessment period of 2023-2033.
Due to the fact that they feature two robotic arms rather than just one, dual-arm robots are distinctive in their features and design. From the side of their base, they project outward-pointing arms. These robots typically have more axes than single six-axis robots because they have two arms.
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A twin-arm robot may have four to fifteen axes, allowing for a greater range of motion. Similar to single-arm robots, each arm has a fixed payload capacity and reach. They can work together or separately to achieve extreme productivity. The use of two robot arms together can transfer parts from one to the other or allow one arm to hold a part while the other manipulates it.
Dual-arm robots are good for automating complicated jobs because they offer more versatility due to their many degrees of freedom. The majority of twin-arm robots are employed in material handling tasks such as robotic packing, machine tending, automated part transfer, and machine loading and unloading.
|Dual Arm Robot Market Size (2022)||US$ 7.2 Billion|
|Estimated Market Value (2023)||US$ 8.1 Billion|
|Forecast Market Value (2033)||US$ 23.9 Billion|
|Global Market Growth Rate (2023-2033)||11.4% CAGR|
Key Takeaways from Study
- Global dual arm robots market is poised to expand at a CAGR of 4% reaching the valuation of US$ 23.9 Billion by the end of 2033.
- The global dual arm robots market witnessed a healthy CAGR of 6% during 2018 to 2022.
- By application segment, packaging is likely to account for 2% of revenue share by obtaining a valuation of US$ 1.5 Billion in 2023.
- East Asia region is expected to register a CAGR of 12% over the forecast period, as it will be valued at US$ 3.2 Billion by 2023 end.
- Under orientation segment, five degrees of freedom sub segment, is estimated to account for approximately a 3% share in 2023.
- Germany in Europe region provides more revenue generation opportunities and is expected to capture a market share of 31% in 2023.
“Demand for dual arm robot in the wide application of material handling will lead to additional revenue growth”, says a Fact.MR analyst
To Dominating Players of Dual Arm Robot Industry
- Hitachi, Ltd.
- KAWADA Robotics Corporation.
- Kawasaki Robotics (USA), Inc.
- Seiko Epson Corporation
As these robots are just now entering the market, the dual-arm robot market is distinct and has a small number of market players. Manufacturers must therefore distinguish their products from the competition by including cutting-edge technology and distinctive characteristics. Because of the intense competition, robot prices may need to decrease in order to maintain market share, which could have a negative impact on manufacturers’ profit margins. However, over the forecast period, number of market players would increase leading to bridging of demand supply gap for the dual arm robot.
Segmentation of Dual Arm Robot Industry Research
- By Type :
- Transversely Articulated
- Longitudinal Articulated
- By Orientation :
- Four Degrees of Freedom
- Five Degrees of Freedom
- Six Degrees of Freedom
- Seven Degrees of Freedom
- By Application :
- Material handling
- By End Use Vertical :
- Aerospace and Defense
- Chemicals & Materials
- Electrical & Electronics
- Food and Beverage
- Mining & Oil & Gas
- Retail & e-Commerce
- Logistics & Warehousing
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global Dual Arm Robots market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033. the study divulges essential insights on the market on the basis of type (transversely articulated, longitudinal articulated), orientation (four degrees of freedom, five degrees of freedom, six degrees of freedom, seven degrees of freedom), 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 six major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania, The Middle East & Africa).