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Collaborative Robots Market Size, Share & Growth Report 2031
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Collaborative Robots Market Size, Share & Growth Report 2031

Segments - Collaborative Robots Market by Payload Capacity (Up to 5 Kg, 5-10 Kg and Above 10 Kg), Applications (Assembly, Material Handling, Pick & Place, Quality Testing, Packaging, Machine Tending, and Welding), Industries (Automotive, Metal & Machinery, Electronics, Pharmaceuticals, Plastic & Polymers, and Food & Beverages), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-235 | 4.8 Rating | 77 Reviews | 190 Pages | Format : PDF Excel PPT

Report Description


Collaborative Robots Market Outlook 2031

The Global collaborative robots market Size was valued at USD 867.74 Million in 2022 and is expected to reach USD 5.61 Billion by 2031, expanding at a CAGR of 23.06%, during the forecast period, 2023 – 2031. The growth of the market is increasing adoption of products in the small and medium enterprises (SMEs). Moreover, rising investments in automation of manufacturing processes are driving the market growth.

A collaborative robot or cobot is intended to interact with humans in a shared workspace, physically. Collaborative robots are majorly used in material handling, manufacturing and lab facilities. They work in direct collaboration with humans to accomplish various tasks. The declining production cost of robots and high return on investment offered by the robots are expected to create a positive impact on the market. Collaborative robots are becoming inexpensive, easier to use, and less complex for training purposes.

Collaborative Robots Market Outlook

  • Longer training period and increasing compensation rates of labours are driving the demand for cobots across the globe.
  • Rising demand for cobots in the automotive industry is expected to propel the growth of the market.
  • Increasing adoption of collaborative robots across various industry verticals is anticipated to spur the market growth.
  • The outbreak of COVID-19 pandemic had drastically slowed down the manufacturing industry. However, the market is slowly recovering and is expected to reach the pre-COVID level soon.
  • High initial cost of investment and maintenance may hinder the market growth.
  • Increasing demand for automation in various industrial processes is driving the market growth.

Scope of Collaborative Robots Market Report:

The report on the collaborative robots market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Collaborative Robots Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Payload Capacity (Up to 5 Kg, 5-10 Kg and Above 10 Kg), Applications (Assembly, Material Handling, Pick & Place, Quality Testing, Packaging, Machine Tending, and Welding), Industries (Automotive, Metal & Machinery, Electronics, Pharmaceuticals, Plastic & Polymers, and Food & Beverages)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Universal Robots, Techman Robot, FANUC, KUKA, Doosan Robotics, AUBO Robotics, ABB, YASKAWA, Precise Automation, Rethink Robotics, MABI Robotic, Franka Emika, Comau, F&P Robotics, Robert Bosch, Kawada Robotics, Kawasaki Robotics, Siasun, Hanwha Precision Machinery, Hans Robot, ST Robotics, and Carbon Robotics

Collaborative Robots Market Segment Insights

Based on payload capacity, the market is divided into up to 5 kg, 5-10 kg and above 10 kg. The up to 5 kg segment is estimated to hold large share of market during the forecast period. On the other hand, the 5-10 kg segment is expected to grow at a considerable rate owing to the capacity of this segment robot to perform multiple and repetitive tasks at high speed.

In 2020, the above 10 kg segment accounted for significant share of the market owing to the capability of handling bigger tasks than other segment robots, and having sound precision during the task.

In terms of applications, the market is segregated into assembly, material handling, pick & place, quality testing, packaging, machine trending and welding. In 2020, the assembly segment accounted for large market share owing to the ability to combine both repetitive and complex assembly processes easily. Conversely, the machine trending and welding segment is expected to grow at a healthy rate during the forecast period owing to rapid growth in the automotive industry.

Collaborative Robots Market Applications

In terms of industry, the market is segregated into automotive, metal & machinery, electronics, pharmaceuticals, plastic & polymers, and food & beverages. The automotive segment is projected to hold a dominant share in the forecast period owing to rapid growth in the automotive industry owing to rising disposable income and rising technological advancements. On the other hand, the food & beverage segment is expected to witness a steady growth owing to rising domestic food consumption.

Collaborative Robots Market Industries

In terms of regions, the market is classified as North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The Europe segment is anticipated to emerge as a dominant region in the collaborative robots market during the forecast period. This, in turn, is due to the presence of major auto manufacturers in the region. Conversely, the market in Asia Pacific is anticipated to grow at a robust growth owing to boost in the manufacturing industry in emerging countries such as India and China.

Collaborative Robots Market Regions

Segments

 Payload Capacity

  • Up to 5 Kg
  • 5-10 Kg
  • Above 10 Kg

Applications

  • Assembly
  • Material Handling
  • Pick & Place
  • Quality Testing
  • Packaging
  • Machine Tending
  • Welding

Industries

  • Automotive
  • Metal & Machinery
  • Electronics
  • Pharmaceuticals
  • Plastic & Polymers
  • Food & Beverage

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Universal Robots
  •  Techman Robot
  •  FANUC
  •  KUKA
  •  Doosan Robotics
  •  AUBO Robotics
  •  ABB
  •  YASKAWA
  •  Precise Automation
  •  Rethink Robotics
  •  MABI Robotic
  •  Franka Emika
  •  Comau
  •  F&P Robotics
  •  Robert Bosch
  •  Kawada Robotics
  •  Kawasaki Robotics
  •  Siasun
  •  Hanwha Precision Machinery
  •  Hans Robot
  •  ST Robotics
  •  and Carbon Robotics

Competitive Landscape

Major players in the market are Universal Robots, Techman Robot, FANUC, KUKA, Doosan Robotics, AUBO Robotics, ABB, YASKAWA, Precise Automation, Rethink Robotics, MABI Robotic, Franka Emika, Comau, F&P Robotics, Robert Bosch, Kawada Robotics, Kawasaki Robotics, Siasun, Hanwha Precision Machinery, Hans Robot, ST Robotics, and Carbon Robotics.

Collaborative Robots Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Collaborative Robots Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Collaborative Robots Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Collaborative Robots Market - Supply Chain
  4.5. Global Collaborative Robots Market Forecast
     4.5.1. Collaborative Robots Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Collaborative Robots Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Collaborative Robots Market Absolute $ Opportunity
5. Global Collaborative Robots Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Collaborative Robots Market Size and Volume Forecast by Applications
     5.3.1. Assembly
     5.3.2. Material Handling
     5.3.3. Pick & Place
     5.3.4. Quality Testing
     5.3.5. Packaging
     5.3.6. Machine Tending
     5.3.7. Welding
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Collaborative Robots Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Collaborative Robots Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Collaborative Robots Demand Share Forecast, 2019-2026
7. North America Collaborative Robots Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Collaborative Robots Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Collaborative Robots Market Size and Volume Forecast by Applications
     7.4.1. Assembly
     7.4.2. Material Handling
     7.4.3. Pick & Place
     7.4.4. Quality Testing
     7.4.5. Packaging
     7.4.6. Machine Tending
     7.4.7. Welding
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Collaborative Robots Demand Share Forecast, 2019-2026
8. Latin America Collaborative Robots Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Collaborative Robots Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Collaborative Robots Market Size and Volume Forecast by Applications
     8.4.1. Assembly
     8.4.2. Material Handling
     8.4.3. Pick & Place
     8.4.4. Quality Testing
     8.4.5. Packaging
     8.4.6. Machine Tending
     8.4.7. Welding
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Collaborative Robots Demand Share Forecast, 2019-2026
9. Europe Collaborative Robots Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Collaborative Robots Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Collaborative Robots Market Size and Volume Forecast by Applications
     9.4.1. Assembly
     9.4.2. Material Handling
     9.4.3. Pick & Place
     9.4.4. Quality Testing
     9.4.5. Packaging
     9.4.6. Machine Tending
     9.4.7. Welding
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Collaborative Robots Demand Share Forecast, 2019-2026
10. Asia Pacific Collaborative Robots Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Collaborative Robots Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Collaborative Robots Market Size and Volume Forecast by Applications
     10.4.1. Assembly
     10.4.2. Material Handling
     10.4.3. Pick & Place
     10.4.4. Quality Testing
     10.4.5. Packaging
     10.4.6. Machine Tending
     10.4.7. Welding
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Collaborative Robots Demand Share Forecast, 2019-2026
11. Middle East & Africa Collaborative Robots Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Collaborative Robots Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Collaborative Robots Market Size and Volume Forecast by Applications
     11.4.1. Assembly
     11.4.2. Material Handling
     11.4.3. Pick & Place
     11.4.4. Quality Testing
     11.4.5. Packaging
     11.4.6. Machine Tending
     11.4.7. Welding
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Collaborative Robots Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Collaborative Robots Market: Market Share Analysis
  12.2. Collaborative Robots Distributors and Customers
  12.3. Collaborative Robots Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Universal Robots  Techman Robot  FANUC  KUKA  Doosan Robotics  AUBO Robotics  ABB  YASKAWA  Precise Automation  Rethink Robotics  MABI Robotic  Franka Emika  Comau  F&P Robotics  Robert Bosch  Kawada Robotics  Kawasaki Robotics  Siasun  Hanwha Precision Machinery  Hans Robot  ST Robotics  and Carbon Robotics

Methodology

Our Clients

Deloitte
The John Holland Group
Nestle SA
Pfizer
FedEx Logistics
General Mills
sinopec
Dassault Aviation