Collaborative Robot Market Overview

The report is titled as ‘Collaborative Robot Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the collaborative robot market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Collaborative robot market is expected to grow with significant rate in the near future.

The global collaborative robot market in 2020 is estimated for more than US$ 889.1 Mn and expected to reach a value of US$ 17,090.1 Mn by 2028 with a significant CAGR of 44.8%.

Collaborative Robot Market Definition

A robot particularly crafted for direct cooperation with a human within a prescribed cooperative workspace is basically known as a collaborative robot or more commonly known as a cobot.  In other words, a preserved space where the humans and a robot interact and collaboratively perform assigned jobs simultaneously during an automated operation.

In the present-day world, the modern manufacturing systems are revolutionizing steadily as the system methods, layouts and integration keep changing constantly. Such times call for innovations and collaborative robots or cobots are considered as practical solutions.

Also, collaborative robots are reformulating the robot and human relationship in a whole new manner in the overall manufacturing industry, which is resulting in acceptance and adoption of collaborative robots by all the small and giant companies in the global market.

The human-robot shared workspace can improve their efficiency rapidly as robots have the potential for easy and repetitive handling tasks and on the other hand, humans have exceptional intellectual and cognitive skills for contemplating and adapting to any kind of changes in the operation. Thus, the collaborative robot market is projected to witness significant growth in the forthcoming future.

Collaborative Robot Market Dynamics

The surging financing in the automation of manufacturing procedures all across the world is one of the key drivers, expected to boost the growth of the global collaborative robot market in the approaching years. More importantly, the advent of robots working alongside humans or replacing humans in various applications in numerous industries across the globe and delivering more efficiently is also contributing to the stimulating demand for collaborative robots in the market.

Owing to this, the collaborative robot market is expected to grow swiftly in the near future. Along with that, there are several benefits of human-robot collaboration or collaborative robots such as the blend of robots and humans have a great potential to enhance performance enormously as long as the tasks are optimally divided.

In addition to that, the robot-human combination provides for several different degrees of automation and human intercession. Additionally, the work can be partially automated to a certain extent if a fully automated solution is not affordable or too complicated.

Attributing to such factors, the demand for collaborative robots or cobots is estimated to shoot higher in the near future. Hence, the global collaborative robot market is projected to witness a huge breakthrough during the forecast timeframe.

Collaborative Robot Market Key Players

Some of the key participating players in the collaborative robot market are

Universal Robots A/S

Rethink Robotics

ABB

KUKA AG

FANUC Corporation

Robert Bosch GmbH

MRK-Systeme GmbH

Precise Automation, Inc.

Energid Technologies Corporation

F&P Robotics AG

MABI AG

Techman Robot by Quanta Storage, Inc.

Franka Emika GmbH

AUBO Robotics Inc.

YASKAWA Electric Corporation

Comau S.p.A.

KAWADA Robotics Corp.

Collaborative Robot Market Segmentation

The collaborative robot market is segmented on the basis of payload capacity, application, industry, and region.

By Payload Capacity

Up to 5 Kg

Between 5 and 10kg

Above 10kg

By Application

Assembly

Pick and Place

Material Handling

Packaging and Palletizing

Quality Testing

Machine Tending

Gluing and Welding

Others

By Industry

Automotive

Electronics

Metals and Machining

Plastics and Polymers

Food & Beverages

Furniture and Equipment

Healthcare

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

MMC Overview on Collaborative Robot Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the Collaborative Robot market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Collaborative Robot

•    Advantage of Collaborative Robot over other modalities

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Collaborative Robot Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Collaborative Robot Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Collaborative Robot Market Snapshot

2.4.    Global Collaborative Robot Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Collaborative Robot Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Collaborative Robot Market, By Payload Capacity

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Payload Capacity

3.1.2.    BPS Analysis, By Payload Capacity

3.2.    Market Revenue (US$Mn) Forecast, By Payload Capacity

3.2.1.    Up to 5 Kg

3.2.2.    Between 5 and 10kg

3.2.3.    Above 10kg

3.3.    Global Collaborative Robot Market Attractiveness Index, By Payload Capacity

4.    Global Collaborative Robot Market, By Industry

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Industry

4.1.2.    BPS Analysis, By Industry

4.2.    Market Revenue (US$Mn) Forecast, By Industry

4.2.1.    Automotive

4.2.2.    Electronics

4.2.3.    Metals and Machining

4.2.4.    Plastics and Polymers

4.2.5.    Food & Beverages

4.2.6.    Furniture and Equipment

4.2.7.    Healthcare

4.2.8.    Others

4.3.    Global Collaborative Robot Market Attractiveness Index, By Industry

5.    Global Collaborative Robot Market, By Application

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Application

5.1.2.    BPS Analysis, By Application

5.2.    Market Revenue (US$Mn) Forecast, By Application

5.2.1.    Assembly

5.2.2.    Pick and Place

5.2.3.    Material Handling

5.2.4.    Packaging and Palletizing

5.2.5.    Quality Testing

5.2.6.    Machine Tending

5.2.7.    Gluing and Welding

5.2.8.    Others

5.3.    Global Collaborative Robot Market Attractiveness Index, By Application

6.    Global Collaborative Robot Market, By Region

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Region

6.1.2.    BPS Analysis, By Region

6.2.    Market Revenue (US$Mn) Forecast, By Region

6.2.1.    North America

6.2.2.    Latin America

6.2.3.    Europe

6.2.4.    Asia Pacific

6.2.5.    Middle East

6.2.6.    Africa

6.3.    Global Collaborative Robot Market Attractiveness Index, By Region

7.    North America Collaborative Robot Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market Revenue (US$Mn) Forecast, By Country

7.2.1.    U.S. Collaborative Robot Market

7.2.2.    Canada Collaborative Robot Market

7.3.    North America Collaborative Robot Market, By Payload Capacity

7.3.1.    Up to 5 Kg

7.3.2.    Between 5 and 10kg

7.3.3.    Above 10kg

7.4.    North America Collaborative Robot Market, By Industry

7.4.1.    Automotive

7.4.2.    Electronics

7.4.3.    Metals and Machining

7.4.4.    Plastics and Polymers

7.4.5.    Food & Beverages

7.4.6.    Furniture and Equipment

7.4.7.    Healthcare

7.4.8.    Others

7.5.    North America Collaborative Robot Market, By Application

7.5.1.    Assembly

7.5.2.    Pick and Place

7.5.3.    Material Handling

7.5.4.    Packaging and Palletizing

7.5.5.    Quality Testing

7.5.6.    Machine Tending

7.5.7.    Gluing and Welding

7.5.8.    Others

7.6.    North America Collaborative Robot Market Attractiveness Index

7.6.1.    By Country

7.6.2.    By Payload Capacity

7.6.3.    By Application

7.6.4.    By Industry

8.    Latin America Collaborative Robot Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) and Volume (Units) Forecast, By Country

8.2.1.    Brazil Collaborative Robot Market

8.2.2.    Mexico Collaborative Robot Market

8.2.3.    Argentina Collaborative Robot Market

8.2.4.    Rest of Latin America Collaborative Robot Market

8.3.    Latin America Collaborative Robot Market, By Payload Capacity

8.3.1.    Up to 5 Kg

8.3.2.    Between 5 and 10kg

8.3.3.    Above 10kg

8.4.    Latin America Collaborative Robot Market, By Industry

8.4.1.    Automotive

8.4.2.    Electronics

8.4.3.    Metals and Machining

8.4.4.    Plastics and Polymers

8.4.5.    Food & Beverages

8.4.6.    Furniture and Equipment

8.4.7.    Healthcare

8.4.8.    Others

8.5.    Latin America Collaborative Robot Market, By Application

8.5.1.    Assembly

8.5.2.    Pick and Place

8.5.3.    Material Handling

8.5.4.    Packaging and Palletizing

8.5.5.    Quality Testing

8.5.6.    Machine Tending

8.5.7.    Gluing and Welding

8.5.8.    Others

8.6.    Latin America Collaborative Robot Market Attractiveness Index

8.6.1.    By Country

8.6.2.    By Payload Capacity

8.6.3.    By Application

8.6.4.    By Industry

9.    Europe Collaborative Robot Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) and Volume (Units) Forecast, By Country

9.2.1.    U.K. Collaborative Robot Market

9.2.2.    Germany Collaborative Robot Market

9.2.3.    Italy Collaborative Robot Market

9.2.4.    France Collaborative Robot Market

9.2.5.    Spain Collaborative Robot Market

9.2.6.    Russia Collaborative Robot Market

9.2.7.    Poland Collaborative Robot Market

9.2.8.    BENELUX Collaborative Robot Market

9.2.9.    NORDIC Collaborative Robot Market

9.2.10.    Rest of Europe Collaborative Robot Market

9.3.    Europe Collaborative Robot Market, By Payload Capacity

9.3.1.    Up to 5 Kg

9.3.2.    Between 5 and 10kg

9.3.3.    Above 10kg

9.4.    Europe Collaborative Robot Market, By Industry

9.4.1.    Automotive

9.4.2.    Electronics

9.4.3.    Metals and Machining

9.4.4.    Plastics and Polymers

9.4.5.    Food & Beverages

9.4.6.    Furniture and Equipment

9.4.7.    Healthcare

9.4.8.    Others

9.5.    Europe Collaborative Robot Market, By Application

9.5.1.    Assembly

9.5.2.    Pick and Place

9.5.3.    Material Handling

9.5.4.    Packaging and Palletizing

9.5.5.    Quality Testing

9.5.6.    Machine Tending

9.5.7.    Gluing and Welding

9.5.8.    Others

9.6.    Europe Collaborative Robot Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Payload Capacity

9.6.3.    By Application

9.6.4.    By Industry

10.    Asia Pacific Collaborative Robot Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) and Volume (Units) Forecast, By Country

10.2.1.    China Collaborative Robot Market

10.2.2.    India Collaborative Robot Market

10.2.3.    Japan Collaborative Robot Market

10.2.4.    Australia and New Zealand Collaborative Robot Market

10.2.5.    South Korea Collaborative Robot Market

10.2.6.    ASEAN Collaborative Robot Market

10.2.7.    Rest of Asia Pacific Collaborative Robot Market

10.3.    Asia Pacific Collaborative Robot Market, By Payload Capacity

10.3.1.    Up to 5 Kg

10.3.2.    Between 5 and 10kg

10.3.3.    Above 10kg

10.4.    Asia Pacific Collaborative Robot Market, By Industry

10.4.1.    Automotive

10.4.2.    Electronics

10.4.3.    Metals and Machining

10.4.4.    Plastics and Polymers

10.4.5.    Food & Beverages

10.4.6.    Furniture and Equipment

10.4.7.    Healthcare

10.4.8.    Others

10.5.    Asia Pacific Collaborative Robot Market, By Application

10.5.1.    Assembly

10.5.2.    Pick and Place

10.5.3.    Material Handling

10.5.4.    Packaging and Palletizing

10.5.5.    Quality Testing

10.5.6.    Machine Tending

10.5.7.    Gluing and Welding

10.5.8.    Others

10.6.    Asia Pacific Collaborative Robot Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Payload Capacity

10.6.3.    By Application

10.6.4.    By Industry

11.    Middle East Collaborative Robot Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) and Volume (Units) Forecast, By Country

11.2.1.    GCC Countries Collaborative Robot Market

11.2.2.    Israel Collaborative Robot Market

11.2.3.    Oman Collaborative Robot Market

11.2.4.    Rest of Middle East Collaborative Robot Market

11.3.    Middle East Collaborative Robot Market, By Payload Capacity

11.3.1.    Up to 5 Kg

11.3.2.    Between 5 and 10kg

11.3.3.    Above 10kg

11.4.    Middle East Collaborative Robot Market, By Industry

11.4.1.    Automotive

11.4.2.    Electronics

11.4.3.    Metals and Machining

11.4.4.    Plastics and Polymers

11.4.5.    Food & Beverages

11.4.6.    Furniture and Equipment

11.4.7.    Healthcare

11.4.8.    Others

11.5.    Middle East Collaborative Robot Market, By Application

11.5.1.    Assembly

11.5.2.    Pick and Place

11.5.3.    Material Handling

11.5.4.    Packaging and Palletizing

11.5.5.    Quality Testing

11.5.6.    Machine Tending

11.5.7.    Gluing and Welding

11.5.8.    Others

11.6.    Middle East Collaborative Robot Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Payload Capacity

11.6.3.    By Application

11.6.4.    By Industry

12.    Africa Collaborative Robot Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) and Volume (Units) Forecast, By Country

12.2.1.    South Africa Collaborative Robot Market

12.2.2.    Egypt Collaborative Robot Market

12.2.3.    North Africa Collaborative Robot Market

12.2.4.    Rest of Africa Collaborative Robot Market

12.3.    Africa Collaborative Robot Market, By Payload Capacity

12.3.1.    Up to 5 Kg

12.3.2.    Between 5 and 10kg

12.3.3.    Above 10kg

12.4.    Africa Collaborative Robot Market, By Industry

12.4.1.    Automotive

12.4.2.    Electronics

12.4.3.    Metals and Machining

12.4.4.    Plastics and Polymers

12.4.5.    Food & Beverages

12.4.6.    Furniture and Equipment

12.4.7.    Healthcare

12.4.8.    Others

12.5.    Africa Collaborative Robot Market, By Application

12.5.1.    Assembly

12.5.2.    Pick and Place

12.5.3.    Material Handling

12.5.4.    Packaging and Palletizing

12.5.5.    Quality Testing

12.5.6.    Machine Tending

12.5.7.    Gluing and Welding

12.5.8.    Others

12.6.    Africa Collaborative Robot Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Payload Capacity

12.6.3.    By Application

12.6.4.    By Industry

13.    Recommendation

13.1.    Market Strategy

14.    Competitive Landscape

14.1.    Competition Dashboard

14.2.    List and Company Overview of Global Key Players

14.3.    Company Profiles

14.3.1.    Universal Robots A/S

14.3.1.1.    Company Overview

14.3.1.2.    Financial Overview

14.3.1.3.    Product Portfolio

14.3.1.4.    Key Developments

14.3.1.5.    Business Strategies

14.3.2.    Rethink Robotics

14.3.3.    ABB

14.3.4.    KUKA AG

14.3.5.    FANUC Corporation

14.3.6.    Robert Bosch GmbH

14.3.7.    MRK-Systeme GmbH

14.3.8.    Precise Automation, Inc.

14.3.9.    Energid Technologies Corporation

14.3.10.    F&P Robotics AG

14.3.11.    MABI AG

14.3.12.    Techman Robot by Quanta Storage, Inc.

14.3.13.    Franka Emika GmbH

14.3.14.    AUBO Robotics Inc.

14.3.15.    YASKAWA Electric Corporation

14.3.16.    Comau S.p.A.

14.3.17.    KAWADA Robotics Corp.

15.    Acronyms