According to Fact.MR, the global DIY robot arm market is projected to reach USD 928.5 million in 2023, with an anticipated CAGR of 8.2% from 2023 to 2033. The demand for DIY robotic arms is expected to rise significantly, particularly among startups in the food & beverage industry aiming to fulfill bulk orders efficiently.
Robotic automation is gaining traction across both small and large businesses, despite the substantial investment required to transition from traditional manufacturing methods to automated processes. The integration of DIY robotic arm tools into organizational systems has seen significant growth, as companies strive to enhance operational efficiency and maintain a competitive advantage in the global market.
Want A Detailed Understanding of Market Functioning? Request for a Sample Here –
https://www.factmr.com/connectus/sample?flag=S&rep_id=8276
Robots are extensively used in automated pick-and-place operations, making grippers a highly sought-after end-of-arm tool. According to the study, demand for grippers accounted for over USD 1.1 billion in market revenue for robotic arm equipment in 2019. 2-jaw and 3-jaw parallel grippers remain in strong demand.
Thanks to ongoing technical advancements, product designers can now create innovative solutions at competitive prices. As DIY robotic arms continue to evolve, it is expected that the market will experience substantial growth during the forecast period, driven by these developments and increasing demand for advanced robotic solutions.
Key Takeaways from Market Study
- The global DIY robot arm market is expected to reach a valuation of USD 2,042 million by 2033.
- The market observed a 6.7% CAGR from 2018 to 2022.
- The grippers segment is set to lead the market, with an estimated valuation of USD 522.4 million in 2023.
- In terms of end-use industries, consumer electronics will hold the largest market share, accounting for 24.3% in 2023.
- Regionally, demand for DIY robot arms is anticipated to grow significantly in North America and East Asia, with CAGRs of 17.6% and 44.6%, respectively, during the forecast period.
For critical Insights on This Market, Request for Methodology here –
https://www.factmr.com/connectus/sample?flag=RM&rep_id=8276
Competitive Landscape
The global DIY robot arm market is characterized by a high presence of both major and local market players. To thrive in this highly competitive landscape, companies must differentiate their products through advanced technology and unique offerings. In such a competitive environment, companies may need to lower product prices to maintain their market position, which could significantly impact profit margins for manufacturers.
Prominent Key Players of DIY Robot Arms Industry
- ATI Industrial Automation
- Automation.com
- Bastian Solution
- Comau LLC
- Denso Corporation
- Destaco
- End of Arms Tooling Inc
- EVS Tech Co. LTD.
- Fanuc
- Festo
- Robotiq
- Robot-Tool
- Schunk
Market Development
DIY robot arms are highly favored by start-up businesses that have limited budgets for investing in industrial robots, as well as those facing space constraints. While DIY robot arms are popular in North America, they are still gaining traction in regions like East Asia and South Asia. Manufacturers need to focus on expanding their presence in these regions to establish a strong market position and increase awareness of the concept. Additionally, manufacturers should consider pricing strategies to appeal to the start-up business segment and make the technology more accessible.
Segmentation of DIY Robot Arm Industry Research
- By Product Type :
- Grippers
- Parallel Motion Two-Jaw Gripper
- Three-Jaw Gripper
- Bellows Gripper
- O-Ring Grippers
- Needle Grippers
- Collet and Expanding Mandrel Grippers
- Multi-Finger and Adaptive Grippers
- Vacuum Cup or Vacuum Cup Arrays
- Electromagnetic Gripper
- Electrostatic Force Grippers
- Welding Torches
- Material Removal Torches
- Tool Changer
- By Application :
- Assembly Line
- CNC Machining
- Machine Tending
- Palletizing
- Screw Driving
- Stamping
- By End Use Industry :
- 3D Printing
- Aerospace
- Automotive Industry
- Consumer Electronics
- Industrial Automation
- Logistics & Packaging
- Pharmaceutical Industry
- Warehouse Automation
- Others
- By Payload Capacity :
- Up to 10 Kg
- 10 - 50 Kg
- 50 - 100 Kg
- 100 - 200 Kg
- 200 - 500 kg
- Above 500 kg
- By Robot Axes :
- Up to 4 Axes
- 5 Axis
- 6 Axis
- 7 Axis
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Read More: https://www.factmr.com/report/diy-robot-arm-market
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global DIY robot arms market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study divulges essential insights on the market on the basis of product type (grippers (parallel motion two-jaw gripper, three-jaw gripper, bellows gripper, O-ring grippers, needle grippers, collet and expanding mandrel grippers, multi-finger and adaptive grippers, vacuum cup or vacuum cup arrays, electromagnetic gripper, electrostatic force grippers), welding torches, material removal torches, tool changers), application (assembly line, CNC machining, machine tending, palletizing, screw driving, stamping), end-use industry (3D printing, aerospace, automotive industry, consumer electronics, industrial automation, logistics & packaging, pharmaceutical industry, warehouse automation and others), payload capacity (up to 10 kg , 10 - 50 kg , 50 - 100 kg, 100 - 200 kg, 200 - 500 kg, above 500 kg) and robot axes (up to 4 axes, 5 axis, 6 axis, 7 axis) across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com