The global demand for Collaborative Robots Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Collaborative Robots also are known as are designed and developed to interact with humans to work safely in a shared space. Unlike traditional robots, cobots work with human contact and not replace them. Collaborative robots are people-centric bots that intend to help and refine their work. There exist several applications of cobots, but not restricted to pick and place, gluing and welding, handling, packaging, and more.
The prospering shift toward automation to enhance productivity and both cost and time are prime factors stimulating the adoption of robotic materials handling equipment in several end-user industries like automotive, food and beverages, furniture and equipment, electronics, healthcare and more. The co-robot is designed with EOATs, software, advanced sensors to prevent all sorts of employee injuries. The deployment of collaborative robots in industrial practices has down-sized the rates of injuries and accident rates at workplaces. On account of this factor, the Cobots market is foreseen to grow globally. The extensive application of collaborative robots in the logistics sector creates lucrative business opportunities for manufacturers. This application is reinforced by increasing netizens population, rising use of IoT and an exponential increase in e-commerce. On the other hand, the current outbreak of COVID-19 may influence the market in an unprecedented way.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of collaborative robots.
The entire collaborative robots market has been sub-categorized into pay load capacity, application and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Pay Load Capacity
- Up to 5 Kg
- Up to 10 Kg
- Above 10 Kg
- Handling Robots
- Packaging Robots
- Pick and Place Robots
- Quality Testing Robots
- Welding Robots
- Others( Gluing, Machine Tending) Robots
- Metal and Machining
- Furniture and Home Equipment
- Food and Beverages
- Electronics & Technology
- Plastic and Polymers
- Others (Pharma & Chemistry)
This section covers regional segmentation which accentuates on current and future demand for collaborative robots market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Collaborative Robots Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the collaborative robots market include Robert Bosch GmbH, ABB Ltd., KUKA AG, Universal Robots, FANUC Corporation, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.