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The Global Collaborative Robots Market was valued at USD 182.36 million in 2016 and is projected to reach USD 10580.94 million by 2025, growing at a CAGR of 57.02% from 2017 to 2025.
A Collaborative Robot (cobot) is a robot designed to assist human beings as a guide or assistor in a specific task. Collaborative robots are programmed and designed to work with human instruction, or otherwise respond to human behaviors and actions. There are several benefits of cobot that includes - easy programming, fast set up, faster payback in the robot industry, better robot-human interaction and efficiency, increased return on investment, safer work environment, suitable for small-scale and mid-scale production, and safely handles complex and dangerous tasks.
1. Market Drivers
1.1 Increasing demand for high-payload-capacity co-bots
1.2 Rising investments in automation sector by industries
1.3 High RoI and low price of collaborative robots attracting small and medium enterprises
1.4 Growing potential for robot installation in many countries
2. Market Restraints
2.1 Need to safely handle industrial operations
2.2 Poor capabilities related to faster cycle time and repeatability
The Global Collaborative Robots Market is segmented on the application, payload capacity, vertical, and region.
1.1 Packaging and Palletizing
1.2 Gluing and Welding
1.3 Pick and Place
1.4 Machine Tending
1.7 Quality Testing
2. By Payload Capacity:
2.1 Up to 5 kg
2.2 Up to 10 kg
2.3 Above 10 kg
3. By Vertical:
3.3 Metals & Machining
3.4 Furniture & Equipment
3.6 Plastics & Polymer
3.7 Food & Agriculture
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. FANUC Corporation
2. KUKA AG
3. Universal Robots A/S
4. Precise Automation, Inc.
5. Rethink Robotics
6. Energid Technologies Corporation
8. Robert Bosch GmbH
9. F&P Robotics AG
10. MRK-Systeme GmbH
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Collaborative Robots Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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