The global collaborative robots market is estimated to grow at a CAGR of 47% during the forecast period. The major factors contributing to the growth of the market include the rising demand for industrial robots and emerging demand in small and medium enterprises. Rising demand for industrial robots was reported across the globe, which in turn, is driving the growth of the market. For instance, as per the International Federation of Robotics (IFR), between 2018 and 2021, it is estimated that almost 2.1 million new industrial robots will be installed in factories across the globe. This represents a growth in industrial automation process across the industries, such as automotive, electronics, and metal to increase productivity and save time and cost.
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Collaborative robots or cobots are a new form of industrial automation. These are smaller and more dexterous industrial robotic arms which aim to create collaboration between human and machine without requiring complex programming or external safety infrastructure. These robots are ideal to perform repetitive and unergonomic tasks and flexible operations. They can quickly integrate and programmed with considerable ease, which makes them more profitable in settings where the robot has to conduct multiple tasks. The sale of cobots is low as compared to other industrial robots as it is a young robotics technology.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Collaborative Robots Market by Payload Capacity
- Up to 5 KG
- From 6 KG to 10 KG
- Above 10 KG
Global Collaborative Robots Market by Application
- Assembling and Dissembling
- Material Handling
- Sealing/Dispensing
- Welding and Finishing
- Quality Testing
- Processing
- Others (Die-Casting and Molding)
Global Collaborative Robots Market by End-Use Industry
- Automotive
- Electronics
- Food & Beverage
- Metal & Machinery
- Healthcare
- Retail& E-Commerce
- Aerospace
- Others (Furniture & Equipment and Plastics & Polymers)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Ltd.
- AUBO Robotics USA
- Comau S.p.A.
- Denso Wave Inc.
- Energid Technologies Corp.
- Epson America, Inc.
- F&P Robotics AG
- FANUC Corp.
- Festo SE & Co. KG
- FlexLink Holding AB
- HAHN Group
- Kawasaki Heavy Industries, Ltd.
- KUKA AG
- Locus Robotics
- MABI Robotic AG
- OMRON Corp.
- Precise Automation, Inc.
- Quanta Storage Inc
- Robert Bosch GmbH
- Robotiq Inc.
- Robotnik Automation S.L.L.
- Universal Robots A/S
- Vecna Robotics, Inc.
- Yaskawa Electric Corp.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global collaborative robots market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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