Collaborative Robots Market: Revenue Forecast, Growth Drivers, and Key Trends by 2024

The Collaborative Robots Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Collaborative Robots Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

The global collaborative robots market size was valued at USD 979.6 million in 2020 and is projected to grow from USD 1,358.2 million in 2021 to USD 16,387.3 million by 2028, exhibiting a CAGR of 42.7% during the forecast period. The Asia Pacific dominated the collaborative robots market with a share of 23.26% in 2020.

Recent industry developments are;

• ABB Ltd. introduced a “”Wizard Easy Programming”” a block-based programming interface to keeping programming its single-arm YuMi cobot more easy. 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.
• Universal Robots introduced UR+ application kits to make the deployment of Cobots easier for small, medium, and big businesses, as well as innovative solutions at MODEX 2020 that demonstrated the use of cobots to automate difficult-to-staff operations like palletizing and piece-picking.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

Universal Robots (Headquarter: – Odense, Denmark), Rethink Robotics GmbH (Headquarter: – Massachusetts, U.S.), Denso Wave Incorporated (Headquarter: – Aichi Prefecture, Japan), Fanuc Corporation (Headquarter: – Yamanashi, Japan), Bosch Rexroth AG (Headquarter: – Lohr a. Main, Germany), ABB (Headquarter: – Zürich, Switzerland), Yaskawa America, Inc.- Motoman Robotics Div. (Headquarter: – Fukuoka, Japan), AUBO Robotics (Headquarter: – Tennessee, U.S.), Stäubli International AG. (Headquarter: – Freienbach, Switzerland), K2 Kinetics (Headquarter: – Pennsylvania, U.S.), Rethink Robotics (U.S.), MABI Robotic (Switzerland), FrankaEmika (Germany), F&P Robotics (Switzerland), Neura Robotics (Germany)

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Collaborative Robots Market Segmentation:

By Payload Capacity

• Up to 5 Kg
• 6-10 Kg
• 11 Kg and Above

By Application

• Welding
• Material Handling
• Quality Testing
• Painting/Spraying
• Assembling
• Others (Packaging, etc.)

By Industry

• Automotive
• Electronics & Semi-Conductors
• Food & Beverages
• Retail
• Metals & Machining
• Rubber & Plastic
• Others (Agriculture, Aerospace, etc.)

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Collaborative Robots Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Collaborative Robots Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Increasing demand for automation and flexible manufacturing solutions driving the adoption of collaborative robots (cobots) in various industries.
  • Technological advancements in safety features and ease of programming enhancing the usability and integration of cobots into existing workflows.
• Restraints:
  • Concerns regarding the safety and reliability of cobots in high-speed production environments may limit their acceptance in some sectors.
  • High initial costs associated with purchasing and implementing collaborative robot systems may deter smaller manufacturers.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Collaborative Robots Market Regional Segmentation:

• North America (By Payload Capacity, Application, Industry and Country)
  • U.S. (By Payload Capacity)
  • Canada (By Payload Capacity)
• Europe (By Payload Capacity, Application, Industry and Country)
  • U.K. (By Payload Capacity)
  • Germany (By Payload Capacity)
  • France (By Payload Capacity)
  • Rest of Europe
• Asia Pacific (By Payload Capacity, Application, Industry and Country)
  • China (By Payload Capacity)
  • Japan (By Payload Capacity)
  • India (By Payload Capacity)
  • Southeast Asia (By Payload Capacity)
  • Rest of Asia Pacific
• Middle East & Africa (By Payload Capacity, Application, Industry and Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa
• South America (By Payload Capacity, Application, Industry and Country)
  • Brazil (By Payload Capacity)
  • Mexico (By Payload Capacity)
  • Rest of South America

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