Global collaborative robots market is valued at approximately USD 770 million in 2017 and is anticipated to grow with a healthy growth rate of more than 36.41 % over the forecast period 2018-2025. Collaborative robots are used as an assistor or as a guide to support human beings in certain job. Cobots are yielding several productivity gains in factory operations. These collaborative robots are widely used among different industries for variety of operation such as in packaging, pick and place, painting, food handling and others. The evolution of Industry 4.0 and Industrial Internet of Things has brought has prompted the adoption of advanced automation solutions across the industries. Advanced automation technologies such as collaborative robots hold the potential to significantly hasten production and lower the manufacturing costs. Low cost of cobots coupled with high ROI from the different end use industries are key factors fueling the market growth. Furthermore, increasing trend of industrial automation to improve process quality, consistency and throughput are anticipated to create several lucrative opportunities for collaborative robot market. The global supply of industrial robots in 2009 was valued at 60,000 units which has now increased up to USD 345000 units in 2017. Additionally, the accelerating automotive industry and increasing demand pharmaceutical sector are expected to drive market growth. However, high overall installation cost associated with collaborative robots is anticipated to hinder the market growth during the forecast period.
The regional analysis of global collaborative robots market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share. In 2017, Europe cobots market was valued about $327.3 million that is estimated to be valued $3250.8 million in 2025. This growth is attributable in the owing to government support in the region towards adoption of automation solutions in industries. Europe is also anticipated to witness a significant market growth ascribed to the recovering economy, thus resulting in the increasing number of manufacturing facilities in the region. Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2018-2025 due to growth in end-user industries in developing countries such as India, China and Japan. In 2017, APAC collaborative market was valued about USD 168.6 million and estimated to be valued about USD 3087.4 million by 2025 growing with the CAGR of about 43.8% over the forecast period 2018-2025. Further, growing manufacturing activities in countries such as China, Japan, South Korea, and India, paired with rapid industrialization, is anticipated to contribute considerably towards the regional market growth.
Major market player included in this report are:
Precise Automation, Inc.
AUBO Robotics Inc.
Robert Bosch GmbH
Energid Technologies Corp.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Payload Capacity:
5Kg to 10Kg
Gluing & Welding
Pick & Place
Food & Beverage
Plastic & Polymers
Metal & Machinery
Furniture & Equipment
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Collaborative Robots Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers