Press Release

Contrive Datum Insights

Collaborative Robot Market Research and Development with Growth Analysis from 2021 to 2027

December 23rd, 2021 10:38 AM

The global collaborative robot market is projected to grow from USD 981 million in 2020 to USD 8 million by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 42% % during 2021-2027. The collaborative robot or cobot is intended to interact with humans in a shared workspace, physically. The growing adoption in the Small and Medium Enterprises (SMEs) and investments in automation of manufacturing processes are the key factor driving growth. Emergence of robots working along with humans in areas like smart parts assembly and electronics product assembly further fuels the demand.

 

Increasing demand for performing tasks requiring higher payload capacity is expected to contribute to the rising demand. The ability of cobots to work effectively with employees in an uncaged environment has led to an increased installation in the industry. The co-robots are designed with advanced sensors, software, and End of Arm Tooling (EOATs) that help prevent employee injuries.

Technological developments have led to the advancements across the robotic industry on a notable scale. Initially, these machines were expensive and came with limited or restricted functionalities such as a fixed axis or fixed rotation angles. However, with the advancements in technology, modern-day robots can perform amazing tasks efficiently and at a cheaper price. Moreover, they render a quick Return on Investments (ROI) owing to the optimization of overall expenditures and enhancement of the production rate.

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By Market Players:
Universal Robots
Rethink Robotics
ABB
Fanuc
KUKA
Kawasaki

By Type:

Upto 5kg Cobot

5~10 kg Cobot

Above 10kg Cobot

 

 

By Applications:

Automotive

Electronics

Metal and Machining

Plastic and Polymers

Food and Beverages

Others

 

By Regions/Countries:

North America

United States

Canada

Mexico

East Asia

China

Japan

South Korea

Europe

Germany

United Kingdom

France

Italy

Russia

Spain

Netherlands

Switzerland

Poland

South Asia

India

Pakistan

Bangladesh

Southeast Asia

Indonesia

Thailand

Singapore

Malaysia

Philippines

Vietnam

Myanmar

Middle East

Turkey

Saudi Arabia

Iran

United Arab Emirates

Israel

Iraq

Qatar

Kuwait

Oman

Africa

Nigeria

South Africa

Egypt

Algeria

Morocoo

Oceania

Australia

New Zealand

South America

Brazil

Argentina

Colombia

Chile

Venezuela

Peru

Puerto Rico

Ecuador

Rest of the World

Kazakhstan

Browse Collaborative Robot Market Report with Toc @

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The Collaborative Robot market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Collaborative Robot in inspection-related applications in the manufacturing fields.

However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS

Chapter 1. Executive Summary

Chapter 2. Research Methodology

Chapter 3. Market Outlook

Chapter 4. COVID-19 Impact on Collaborative Robot Market

Chapter 5. Global Collaborative Robot Market Overview, By Application, 2015 – 2027(USD Million)

Chapter 6. Global Collaborative Robot Market Overview, By Distribution Channel, 2015 – 2027(USD Million)

Chapter 7. Global Collaborative Robot Market Overview, By Geography, 2015 – 2027(USD Million)

Chapter 8. North America Collaborative Robot Market Overview, By Countries, 2015 – 2027(USD Million)

Chapter 9. Europe Collaborative Robot Market Overview, By Countries, 2015 – 2027(USD Million)

Chapter 10. Asia Pacific Collaborative Robot Market Overview, By Countries, 2015 – 2027 (USD Million)

Chapter 11. Middle East & Africa Collaborative Robot Market Overview, By Countries, 2015 – 2027 (USD Million)

Chapter 12. South America Collaborative Robot Market Overview, By Countries, 2015 – 2027 (USD Million)

Chapter 13. Competitive Landscape

Chapter 14. Key Vendor Analysis

Chapter 15. Collaborative Robot Market Cost Analysis

Chapter 16. Sourcing Strategy and Downstream Buyers

Chapter 17. Marketing Strategy Analysis, Distributors/Traders

Chapter 18. Market Effect Factors Analysis

Chapter 19. Future Outlook of the Market

Reasons to Buy the Report:

  • Learn about the driving factors, affecting the market growth.
  • Imbibe the advancements and progress in the market during the forecast period.
  • Understand where the market opportunities lies.
  • Compare and evaluate various options affecting the market.
  • Pick up on the leading market players within the market.
  • Envision the restrictions and restrains that are likely to hamper the market.

Buy Collaborative Robot Market Report @

https://www.envisageresearch.com/buy/EMR100630/

 

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Envisage Market Research has steadily grown to become a trusted market research partner for clients across the globe. We are majorly focused to serve a wide range of industrial insights, including automotive & transportation, technology, consumer products, automation and equipment, food & beverages, services & utilities, chemicals & materials, energy, mining, and oil & gas.

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Email:
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