Global Collaborative Robots Market Size is estimated to expand rapidly in coming years, at a CAGR of 47.1 % from 2018 to 2025. In 2017, the global market valuation was USD 0.57 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The purpose of the collaborative robot or cobot is to communicate psychologically with individuals in a mutual workspace. Increasing implementation in small and medium-sized enterprises (SMEs) and expenditure in production process robotics are the main drivers of development. Emerging demand for assignments needing greater payload ability is anticipated to make a contribution to increasing demand. Cobots ' capacity to work efficiently with staff in an undomesticated setting has resulted in enhanced deployment in the sector. Technical advancements across the market have led to drastic growth in the global market of collaborative robots. Cobots are expected to show the highest development in apps for automotive, electronics, packaging and assembly, logistics, and machine tooling. Moreover, deployment of collaborative robots for industrial purposes have witnessed high growth in the forecast period owing to its advantages in manufacturing and construction business. Regionally, Europe is expected to be the highest growing region in the global market of collaborative robots.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global collaborative robots market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global collaborative robots market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Application Type Insights: On the basis of application, global collaborative robots market has been segmented into the assembly, pick & place, handling packaging, quality testing, machine tending, gluing & welding, and others. Among which the assembly application section compensated for the biggest market share due to the capacity to combine a repetitive and simple job with more complicated installation procedures. While increasing adoption and applications of pick and place cooperative robots are anticipated to fuel section development over the coming quarters.

By Vertical Insights: On the basis of vertical, global collaborative robots market has been segmented into automotive, food & beverage, furniture & equipment, plastic & polymers, metal & machinery, electronics, pharmaceutical, and others. The automotive industry has anticipated the biggest market share and is expected to lead over the forecast period. Key factors such as decreasing downtime in manufacturing costs and decreasing floor rooms are expected to increase development over the predicted era. Growing change in automation that can save time and costs is the main factor driving the implementation of robotic materials processing devices in the automotive sector. The collaborative robot market is expected to witness high competition in the forecast period owing to the presence of key integrators and several manufacturers.

Regional Analysis

The collaborative robots market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Europe is anticipated to dominate the global collaborative robots market over the projected period majorly owing to enormous applications of collaborative robots in various ends user industries such as electronics, logistics, and automation. European regional development of collaborative robots technology can be ascribed to multiple benefits such as enhanced cooperation and effective production improvement solutions provided by workplace technology.

In terms of region, Asia Pacific region is expected to witness high growth in the market in the forecast period. The capacity of collaborative robots to create higher quality products, boost effectiveness, decrease waste and optimize offerings is anticipated to significantly boost the acceptance of cooperative robots in the Asia Pacific region over the projected era. North America is expected to witness high growth in upcoming time span due to high demand in automation and production sector. Moreover, the adoption of advanced technologies such as artificial intelligence and other technologies are expected to boost the global market in the forecast period.

Global Collaborative Robots Market Size, Share Analysis by Region 2017

Global Collaborative Robots Market Study Objective

1. To forecast the market size of collaborative robots market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of collaborative robots market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of collaborative robots market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of collaborative robots market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the collaborative robots market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

ABB Group, DENSO Robotics, EPSON Robots, Energid Technologies Corporation, F&P Robotics AG, Fanuc Corporation, KUKA AG, MRK-Systeme GmbH, Precise Automation Inc., Rethink Robotics Inc., Robert Bosch GmbH, Universal Robots A/S, Yaskawa Electric Corporation, MABI AG, Techman Robot by Quanta Storage Inc., Franka Emika GmbH, AUBO Robotics Inc., and Comau S.p.A are some of the key players in the market of collaborative robots.

Global Collaborative Robots Market Study Report Offer You!

The global collaborative robots market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.