Report Description

The global Collaborative robot market is anticipated to develop rapidly in the forecast period 2024-2028.

The main factors propelling the market for Collaborative robot markets are the development of various applications for the assembly and production of electronic goods, new automotive processes, and various modeling operations used in small and medium-sized manufacturing companies. Cobots, also called Collaborative robot markets, can handle a wide range of tasks to assist people/workforce. Moreover, built-in sensors, passive compliance, and overcurrent detection are some of the safety features that Collaborative robot markets possess, thereby, driving the growth of the market.

Increase in applications for manufacturing across the world

Cobots, or Collaborative robot markets (a new robotics paradigm), developed, in which robots and humans work together on the same projects bringing-in significant advancement in robotics, with enormous potential for many industries, including manufacturing. Several large-scale and small-scale manufacturing units have made automation a key component of their cost-cutting and production-efficiency strategies. The use of Collaborative robot markets is growing as more and more businesses are shifting toward automation. Collaborative robot markets are used in various manufacturing units, such as automotive, furniture & equipment, and metals & machining, for assembly, pick & place, machine tending, quality testing, material handling, packaging & palletizing, gluing & welding, and other applications. Collaborative robot market adoption is increasing because of the rapidly changing human-machine interface (HMI), which is made possible by introducing touch screens, larger screens, higher resolution, remote monitoring capabilities using advanced processors, and IIOT.

Like the ABB YuMi, Cobots work alongside an assembly worker at a shared desk. Automatic tool changers enable quicker and more complex operations, absolute precision, continuous fastener or bonding material supply, which further ensures consistent product quality.

Faster ROI and Low-Cost Deployment

Collaborative robot markets have been scientifically proven to be more cost-effective than their industrial counterparts, primarily due to their ability to automate more tasks per robot. Moreover, the ease of creating a Collaborative robot market reduces the time and resources required for integration, lowering the automation investment. Collaborative robot markets include safety features and do not require fences or other industrial safety equipment, thus, reducing costs while shortening integration time. When compared to industrial robots, the low cost of deploying a Collaborative robot market makes it far more accessible to a broader customer base.

High training requisite for workforce

Over the last decade, manufacturers have found it more challenging to hire employees to complete their factories' specialized tasks. The presence of automation adds another layer to the dilemma, as the robots require operations’ programming. This provides additional opportunities for existing employees to be trained and expand their skill set. A company specializing in automation can help with the initial installation and setup. With proper training and experience, staff can learn new skills and adapt to manage robots over time. Therefore, the requirement for a highly skilled team and workforce can hamper the market growth of Collaborative robot markets.

Covid impact on cobots

Almost every industry, including automotive, electronics, metals & machining, plastics & polymers, food & beverages, healthcare, furniture & equipment, and others have been significantly impacted by COVID-19. During the COVID-19 pandemic, factors such as a lack of cash flow and a cash shortage limited the growth of industries.

Almost every industry in the world has been affected by the coronavirus (COVID-19) pandemic, including machinery, industrial automation, and robotics. Most nations implemented a lockdown to combat the COVID-19 pandemic and have now gradually ease it. As a result, the manufacturing industry has been significantly impacted. For example, factories in China, Italy, and India, among other countries, had to temporarily close which affected the market of the collaborative robots.


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Market Segmentation

The global Collaborative robot market is divided into Payload Capacity, Application, and Industry. Based on Payload Capacity, the market is divided into Up to 5 Kg, Between 5 and 10 Kg, and Above 10 Kg. By Application, the market is divided into Assembly, Pick & Place, Machine Tending, Quality Testing, Material Handling, Packaging & Palletizing, Gluing & Welding, and Others. By Industry, the market is divided into Automotive, Electronics, Metals & Machining, Plastics & Polymers, Food & Beverages, Healthcare, Furniture & Equipment, and Others.

Market Players

Major market players are Universal Robots A/S, Rethink Robotics, ABB, KUKA AG, FANUC Corporation, Robert Bosch GmbH, major market players in the global Collaborative robot market MRK-Systeme GmbH, Precise Automation, Inc., F&P Robotics AG, and Energid Technologies Corporation, and many more.

 

Some of the key developments by the top market players are:

  • In June 2018, The HAHN Group acquired Rethink Robotics. The acquisition would expand the HAHN Group robotic division and service portfolio.
  • In December 2020, ASEA Brown Boveri Ltd. introduced a "Wizard Easy Programming", a block-based programming interface to make programming its single-arm YuMi Cobots easier. The company also claimed that it aims to make its cobots easier to set up for those who don't know how to program, decreasing the entrance barrier.


Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023 – 2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Payload Capacity

Application

Industry

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East

Country scope

United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Colombia; Brazil; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Iraq; Turkey

Key companies profiled

Universal Robots A/S, Rethink Robotics, ASEA Brown Boveri, KUKA AG, FANUC Corporation, Robert Bosch GmbH, MRK-Systeme GmbH, Precise Automation, Inc., F&P Robotics AG, Energid Technologies Corporation

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global Collaborative robot market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

·         Global Collaborative robot market, By Payload Capacity:

o   Up to 5 Kg

o   Between 5 and 10 Kg

o   Above 10g

·         Global Collaborative robot market, By Application:

o   Assembly

o   Pick & Place

o   Machine Tending

o   Quality Testing

o   Material Handling

o   Packaging & Palletizing

o   Gluing & Welding

o   Others

·         Global Collaborative robot market, By Industry:

o   Automotive

o   Electronics

o   Metals & Machining

o   Plastics & Polymers

o   Food & Beverages

o   Healthcare

o   Furniture & Equipment

o   Others

·         Global Collaborative robot market, By Region:

o   North America

§  United States

§  Mexico

o   Asia-Pacific

§  India

§  Japan

§  South Korea

§  Australia

§  Singapore

§  Malaysia

§  China

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

§  Poland

§  Denmark

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  South Arabia

§  South Africa

§  UAE

§  Iraq

§  Turkey 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Collaborative robot market.

Available Customizations:

Global Collaborative robot market report with the given market data, Tech Sci Research, offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to ten).

Global Collaborative robot market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on the Global Collaborative robot market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Supplier

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Types of Security Breaches can occur

5.6.  Key attacks on robots

5.7.  Impacts on human by Robot

6.    Global Collaborative robot market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Payload Capacity (Up to 5 Kg, Between 5 and 10 Kg, and Above 10 Kg)

6.2.2.    By Application (Quality Testing, Material Handling, Packaging & Palletizing, Gluing & Welding Assembly, Pick & Place, Machine Tending and Others)

6.2.3.    By Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymers, Food & Beverages, Healthcare, Furniture & Equipment, and Others)

6.2.4.    By Region

6.2.5.    By Company

6.3.  Market Map

6.4.  Industry Value Chain Analysis

6.5.  Regulatory and Standardizations Related to Collaborative robot market​

6.6.  Innovations in technology Related to Collaborative robot market   ​

6.7.  Porter's Five Forces Analysis

6.7.1.    The threat of New Entrants

6.7.2.    Bargaining Power of Buyers/Consumers

6.7.3.    Bargaining Power of Suppliers

6.7.4.    The threat of Substitute Products

6.7.5.    The intensity of Competitive Rivalry

7.    North America Collaborative robot market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Payload Capacity

7.2.2.    By Application

7.2.3.    By Industry

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Collaborative robot market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Payload Capacity

7.3.1.2.2.           By Application

7.3.1.2.3.           By Industry

7.3.2.    Canada Collaborative robot market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Payload Capacity

7.3.2.2.2.           By Application

7.3.2.2.3.           By Industry

7.3.3.    Mexico Collaborative robot market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Payload Capacity

7.3.3.2.2.           By Application

7.3.3.2.3.           By Industry

8.    Asia-Pacific Collaborative robot market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Payload Capacity

8.2.2.    By Application

8.2.3.    By Industry

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Collaborative robot market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Payload Capacity

8.3.1.2.2.           By Application

8.3.1.2.3.           By Industry

8.3.2.    India Collaborative robot market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Payload Capacity

8.3.2.2.2.           By Application

8.3.2.2.3.           By Industry

8.3.3.    Japan Collaborative robot market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Payload Capacity

8.3.3.2.2.           By Application

8.3.3.2.3.           By Industry

8.3.4.    South Korea Collaborative robot market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Payload Capacity

8.3.4.2.2.           By Application

8.3.4.2.3.           By Industry

8.3.5.    Australia Collaborative robot market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Payload Capacity

8.3.5.2.2.           By Application

8.3.5.2.3.           By Industry

8.3.6.    Singapore Collaborative robot market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Payload Capacity

8.3.6.2.2.           By Application

8.3.6.2.3.           By Industry

8.3.7.    Malaysia Collaborative robot market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Payload Capacity

8.3.7.2.2.           By Application

8.3.7.2.3.           By Industry

9.    Europe Collaborative robot market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Payload Capacity

9.2.2.    By Application

9.2.3.    By Industry

9.2.4.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Collaborative robot market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Payload Capacity

9.3.1.2.2.           By Application

9.3.1.2.3.           By Industry

9.3.2.    United Kingdom Collaborative robot market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Payload Capacity

9.3.2.2.2.           By Application

9.3.2.2.3.           By Industry

9.3.3.    France Collaborative robot market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Payload Capacity

9.3.3.2.2.           By Application

9.3.3.2.3.           By Industry

9.3.4.    Italy Collaborative robot market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Payload Capacity

9.3.4.2.2.           By Application

9.3.4.2.3.           By Industry

9.3.5.    Spain Collaborative robot market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Payload Capacity

9.3.5.2.2.           By Application

9.3.5.2.3.           By Industry

9.3.6.    Poland Collaborative robot market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Payload Capacity

9.3.6.2.2.           By Application

9.3.6.2.3.           By Industry

9.3.7.    Denmark Collaborative robot market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Payload Capacity

9.3.7.2.2.           By Application

9.3.7.2.3.           By Industry

10. South America Collaborative robot market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Payload Capacity

10.2.2. By Application

10.2.3. By Industry

10.2.4. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Collaborative robot market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Payload Capacity

10.3.1.2.2.         By Application

10.3.1.2.3.         By Industry

10.3.2. Argentina Collaborative robot market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Payload Capacity

10.3.2.2.2.         By Application

10.3.2.2.3.         By Industry

10.3.3. Colombia Collaborative robot market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Payload Capacity

10.3.3.2.2.         By Application

10.3.3.2.3.         By Industry

10.3.4. Peru Collaborative robot market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Payload Capacity

10.3.4.2.2.         By Application

10.3.4.2.3.         By Industry

10.3.5. Chile Collaborative robot market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Payload Capacity

10.3.5.2.2.         By Application

10.3.5.2.3.         By Industry

11. Middle East & Africa Collaborative robot market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Payload Capacity