According to the report, the Collaborative Robots market is predicted to achieve USD 3,693 million by 2026. This report examines the status quo and projections of the global Collaborative Robots market and analyzes the Collaborative Robots market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Market Summary
Overview:
Cooperative robots, referred to as co-bots or co-robots, are robots designed to interact closely with humans in a common workspace. As of 2010, most industrial robots are designed to work automatically or under limited guidance, so there is no need to consider close interaction with humans, and their actions do not need to consider the safety protection of the surrounding humans, and these are collaborations. The function that robots need to consider.
The Collaborative Robots market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include:
ABB Ltd. (Switzerland)
KUKA AG (Germany)
FANUC Corporation (Japan)
Robert Bosch GmbH (Germany)
Rethink Robotics (U.S.)
India Private Limited (India)
Bastian Solutions India Pvt. Ltd (India)
PT Surya SaranaDinamika (Indonesia)
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio.
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Value:
It is estimated that the total market value of the Collaborative Robots global market is poised to reach USD 3,693 million in 2026 from USD 915 million in 2019, with a CAGR of 22.05%.
Facilitating and Limiting Factors:
The Collaborative Robots market is expected to register substantial growth in the coming years, owing to increasing investments in automation by industries to support industry 4.0 revolution (smart production). Moreover, a great adoption rate of Collaborative Robots by small- and mid-sized enterprises (SMEs) across the globe because of their recognizable benefits, enhanced human-machine interface (HMI) and capability of AI to imitate human behavior, and one-stop solution for the safe working environment are also some factors contributing to the growth of the market. The key factor which is expected to impede the growth of the Collaborative Robots market is the high overall installation cost associated with collaborative robots.
The global Collaborative Robots market is broadly divided based on type, application, and region:
By type - up to 5 Kg, from 6 Kg to 10 Kg, above 10 Kg
The market for Collaborative Robots with a payload capacity from 6 Kg to 10 Kg is anticipated to register the highest GAGR during the forecast period. Those types are the safest Collaborative Robots for a majority of factory automation tasks.
By application - Packaging, Assembling, Material Handling, Machine Tending, Quality Testing, Others
By region - North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
North America is the global market leader at a share of 32.05%, followed by Asia-Pacific and Europe, accounting for 29.63%a and 27.12% respectively. With the growing demand for collaborative robots in China, Japan, and South Korea, especially by industries such as electronics, automotive, and metals and machining, the market in the Asia-Pacific is anticipated to grow significantly over the forecast timeline. In addition, Europe is projected to experience noticeable growth in the forecast period, owing to the evolution of Industry 4.0 as a result of strong government support to promote factory automation solutions.
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Collaborative Robots Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Collaborative Robots Market by Types
4 Segmentation of Collaborative Robots Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Collaborative Robots Market in Major Countries
7 North America Collaborative Robots Landscape Analysis
8 Europe Collaborative Robots Landscape Analysis
9 Asia Pacific Collaborative Robots Landscape Analysis
10 Latin America, Middle East & Africa Collaborative Robots Landscape Analysis
11 Major Players Profile
11.1 ABB Ltd. (Switzerland)
11.1.1 ABB Ltd. (Switzerland) Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 KUKA AG (Germany)
11.3 FANUC Corporation (Japan)
11.4 Robert Bosch GmbH (Germany)
11.5 Rethink Robotics (U.S.)
11.6 India Private Limited (India)
11.7 Bastian Solutions India Pvt. Ltd (India)
11.8 PT Surya SaranaDinamika (Indonesia)
…
Audience:
l Collaborative Robots manufacturers
l Collaborative Robots importers and exporters
l Collaborative Robots traders, distributors, and suppliers
l Raw material suppliers of Collaborative Robots
l Collaborative Robots industry associations
l Product managers, Collaborative Robots industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Government agencies and NGOs
What Information does this report contain?
l The report covers the prediction and analysis of the global Collaborative Robots market at the global and regional levels.
l The report includes drivers and constraints that affect market growth.
l Discussed details about market opportunities
l The assessments for the regional market layout characteristics in the world.
l The report includes detailed company profiles for prominent market participants.
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