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Industrial robots

Industrial robot components market set for higher growth over next decade

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The global industrial robot components market is expected to be valued at $6.3 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 13.9 percent to reach $23.2 billion by the end of 2033.

Over the 2018-2022 historical period, the global industrial robot component market registered a compound annual growth rate of 12.5 percent, according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.9 percent compound annual growth rate between 2023 and 2033.

Market share analysis of industrial robot components based on application and region is provided in a nutshell in the above image. Under the application segment, the robot arm/manipulator sub-segment dominates with a 29.1 percent market share in 2023. [Read more…] about Industrial robot components market set for higher growth over next decade

Industrial robotic arm market expected to reach $23.2 billion by 2033

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The global Industrial robotic arm market is forecast to be worth $17,925 million by the end of 2023 and expected to grow at an annual growth rate of 12.1 percent during the forecast years of 2023-2033, according to a report by Fact.MR.

Robot market is emerging and also expected to witness greater growth over the forecast year as to increase the efficiency of work and replace human labor.

The industrial robot can be used in various tasks such as for performing precise surgeries, industrial operation and fun toy for learning experience. [Read more…] about Industrial robotic arm market expected to reach $23.2 billion by 2033

Flexiv to unveil new robots at company event

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Flexiv, a builder of general-purpose robotics solutions, will be launching a range of new products at its inaugural Flexiverse event today.

A spokesperson for the company says: “Although the new releases are top secret for the moment, i can tell you that one is a new type of Delta robot and another is a revolutionary new robotic gripper.”

The live presentation will see the founding members of Flexiv and various department managers take to the stage to showcase Flexiv’s latest product releases, and the progress Flexiv has made over the past year. [Read more…] about Flexiv to unveil new robots at company event

Universal Robots reports record annual revenue of $326 million

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Universal Robots, the Danish collaborative robot company, has reported Q4 revenue of $85 million, bringing 2022 annual revenue to $326 million, up 5 percent on 2021.

On a constant currency basis, growth over the year was 12 percent.

Kim Andreasen, Universal Robots’ chief financial officer, says: “We are proud to have continued to grow our business despite facing a difficult macroeconomic environment in 2022. [Read more…] about Universal Robots reports record annual revenue of $326 million

Flexiv partners with Handplus Robotics to offer new robotic solutions

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Flexiv, a maker of “general-purpose” robotics solutions, has formed a partnership with Handplus Robotics, a Singaporean-based automation integration company.

Established in 2018, Handplus has extensive experience in automating logistics and manufacturing lines, making them the ideal partner to install and commission Flexiv’s range of seven-axis force-controlled robots.

With demand for Flexiv’s automation solutions growing year-on-year, Handplus’s already established distribution network within Singapore and Malaysia will empower Flexiv to meet the needs of an ever-increasing customer base. [Read more…] about Flexiv partners with Handplus Robotics to offer new robotic solutions

2023 Predictions & Forecasts: Universal Robots outlines automation trends for the year ahead

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The collaborative robot pioneer and market front runner Universal Robots has announced January as ‘National Cobot Awareness Month’, spearheading new products and initiatives prompting manufacturers to address hiring woes and production challenges

Gone are the days of manufacturers buying a robot arm only to struggle figuring out how to integrate it in an application cell, according to Universal Robots, which adds that turnkey robotic solutions, complete with all hardware, software, sensors and interfaces, will be powerful automation drivers in 2023.

Joe Campbell, senior manager of applications development and strategic marketing at Universal Robots (UR), says: “In 2023, cobot automation will become more sophisticated yet more straightforward to use.

“We are going to continue seeing phenomenal growth within complete robotic systems for applications such as welding, palletizing and machine tending, propelled by UR partners creating full solutions powered by our collaborative robot arms.” [Read more…] about 2023 Predictions & Forecasts: Universal Robots outlines automation trends for the year ahead

Aubo Robotics opens US headquarters in Michigan

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Aubo Robotics, Asia-Pacific’s leader in the production and research & development of precision collaborative robots (Cobots), announced the grand opening of their Michigan based US office.

Conveniently located outside of Metro Airport in Romulus Michigan, it will serve as headquarters for Aubo’s newly launched dedicated United States branch: Aubo Robotics USA Inc. [Read more…] about Aubo Robotics opens US headquarters in Michigan

Epson signs Motion Automation Intelligence as distributor in central and southeast US regions

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Epson Robots, one of the largest robot manufacturers in the world, has signed Motion Ai, a supplier of automation products and motion control solutions, as an official distributor of Epson Robots automation solutions.

Partnering with the industry’s leading manufacturers, Motion Ai is a one-stop-shop for automation products and custom solutions for businesses in several industries including semiconductor, pharmaceutical, medical, logistics, automotive, aerospace and more.

Jim Hennen, vice president, Motion Ai, central region, says: “Interest in automation has significantly increased as businesses are seeking new ways to fill labor shortages. [Read more…] about Epson signs Motion Automation Intelligence as distributor in central and southeast US regions

ABB launches new industrial collaborative robot

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ABB has launched the Swifti CRB 1300 industrial collaborative robot, bridging the gap between industrial and collaborative robots.

Combining “class-leading” speed and accuracy with expanded load handling capability of up to 11 kg, the Swifti CRB 1300 can be used in a wide variety of production and product handling applications – from machine tending and palletizing to pick-and-place and screwdriving.

Andrea Cassoni, managing director for global general industry robotics at ABB, says: “Our customers are looking to robotic automation to make their processes more flexible, efficient and resilient, helping to counter labor shortages by enabling their employees to perform more value-added work. [Read more…] about ABB launches new industrial collaborative robot

Fruitcore Robotics raises €23 million to further commercialize Horst robot

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Fruitcore Robotics, the startup creator of Horst robots, has raised €23 million to “enable companies of all sizes – from medium-sized businesses to global corporations – to introduce robotics and automation solutions into their manufacturing”.

Three years after its market launch, Fruitcore Robotics is already automating several hundred different applications in 29 different industries in Germany, Austria, Switzerland and Italy. The 60+ partner network in the DACH region and Italy is being continuously expanded.

Internationally renowned venture capital firms Capricorn Partners and Kompas, and the high and deep tech investor XAI technologies are investing in Fruitcore Robotics for the first time. [Read more…] about Fruitcore Robotics raises €23 million to further commercialize Horst robot