Global COBOT Market Analysis and Forecast 2019-2028
$2,800.00 – $5,440.00
Collaborative robots becoming more affordable and easier to program to drive the growth
The collaborative robot, often known as a cobot, is designed to work alongside people in a shared workspace. The primary factors driving development include increasing usage among Small and Medium Enterprises (SMEs) and investments in manufacturing process automation. In addition, the rise in demand for automation, the availability of affordable and energy-efficient industrial cobots, and increased investment in R&D activities are driving the expansion of the industrial cobot market.
While a human worker conducts higher-value upstream or downstream manual tasks, industrial cobots do repetitive or injury-prone jobs like machine tending or palletizing. The introduction of robots that operate alongside people in fields such as smart part assembly and electronics product assembly is fueling the demand for cobots even further.
- Robots are predicted to have a favorable impact on the industry due to their low cost and strong return on investment. The automotive, electronics, packaging and assembly, logistics, and machine tooling industries are believed to adopt cobots sooner than expected.
- Retailers and e-commerce giants like Amazon, where logistics plays an integral part in the entire supply chain, are embracing robotics to help their warehouse workers. However, due to their fundamental architecture, collaborative robots repair payload and speed restrictions are impeding industry growth.
The demand for greater accuracy and precision in repetitive tasks to fuel the market growth
Material handling, assembly, and pick-and-place are the three most common uses of collaborative robots (cobots). The cobots are utilized in pick-and-place applications across verticals to reduce inventory shrinkage and improve accuracy. Pick and place robots are compact, lightweight, and may be deployed in tight spaces.
Pick-and-place and assembly processes are typically low-payload but necessitate greater accuracy and precision. The collaborative robotics market is divided into three categories based on payload capacity up to 5 kg, up to 10 kg, and above 10 kg.
The flexibility, lightweight, and capacity of the machine to optimize low-weight collaborative activities such as placing, picking, and testing account for the 5 kg payload capacity segment’s share. Because of their potential to handle larger jobs demanding precision, reliability, and cooperating heavier-weight operations, cobots with payload capacities of more than 10 kg are projected to see significant expansion.
The major aspects such as lowering the cost of production downtime and saving floor space, the automotive and transportation category is expected to have a significant market share based on end-user. The automotive industry’s growing shift toward automation for materials handling to save time and money will fuel the rise.
Low upfront costs and ease of installation to appeal to the end-users in Asia-Pacific and Eastern Europe
Collaborative robots are used by small and medium-sized businesses to improve automation efficiency, particularly in labor-intensive industries like electronics. Due to an increasing focus on the quality and precision of cobots in the area, Asia Pacific is anticipated to expand at a considerable pace.
With the increasing deployment of cobots in the region, the implementation of maximum standards is required. Because of the aging population and labor shortages in Japan and South Korea, the potential of collaborative robots (cobots) to work alongside humans is a unique selling advantage. In terms of robotics adoption, the North American region is among the leading inventors and pioneers.
The increasing usage of these collaborative robots (cobots) across a variety of industries is the key driver for the market’s rise. The government in the region is also taking steps to encourage the development of cutting-edge robotics technologies.
The US Federal government launched The National Robotics Initiative (NRI) program to improve the country’s ability to develop domestic robots and encourage research in the subject. The presence of key industry players in Western Europe is a major factor driving cobots market expansion in the region.
Furthermore, the German automobile sector is one of the leading markets for automobile manufacture and production, which is driving demand for cobots as they can operate in a more precise time frame than manual activities. Increased government support, as well as increased investments in various R&D projects, such as “COLROBOT” (2016-2019), are all helping to propel the Europe cobots market forward.
Market Structure and Competitive Landscape
Previously, industrial cobots were only used in the automotive and manufacturing industries however, industrial cobots are now used in industries such as food and beverage, metals, chemical and material industries, aerospace, and electronics. The prominent players in the global collaborative robot (Cobot) market are ABB Group, AUBO Robotics Inc, DENSO Robotics, Energid Technologies Corporation, EPSON Robots, F&P Robotics AG, Fanuc Corporation, KUKA AG, MRK-Systeme GmbH, Precise Automation, Inc, Rethink Robotics, Inc, Robert Bosch GmbH, Universal Robots A/S, and Yaskawa Electric Corporation.
Manufacturers of collaborative robots (cobots) are working to develop technologies that may be used in a wider range of manufacturing environments in order to boost the cobot market’s development potential. Mergers and acquisitions are also common among market vendors.
- In April 2020, HAHN Group, an automation company, purchased DAHL Automation, a robotics integrator that specializes in collaborative robot arms. The company will grow its foothold in intralogistics and autonomous mobile robots as a result of this acquisition.
- In March 2020, the HC20XP Human-Collaborative Robot was released by Yaskawa. It comes with precise hand-guided education for a quick robot system setup. The first IP67-rated collaborative robot in the industry is designed to work in wet or splashy settings for extended periods of time.
Key Market Segmentation
- Global Cobot Market Value (US$ Million) and Volume (‘000 units) Analysis By Payload Capacity
- Up to 5 kg
- 5-10 kg
- More than 10 Kg
- Global Cobot Market Value (US$ Million) and Volume (‘000 units) Analysis By Application
- Material Handling
- Pick and Place
- Assemble
- Palletizing and De-palletizing
- Positioning and Welding
- Packaging
- Painting & Spraying
- Machine Tending
- Quality Testing
- Others (Stocking, Transporting, etc.)
- Global Cobot Market Value (US$ Million) and Volume (‘000 units) Analysis By End User Industry
- Electronics
- Automotive
- E-Commerce
- Retail
- Healthcare
- Logistics
- Food & Beverage
- Manufacturing
- Chemicals & Pharmaceuticals
- Other Manufacturing and Industrials
- Global Cobot Market Value (US$ Million) and Volume (‘000 units) Analysis By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Why Buy this Report?
The report is intended for robot manufacturers, battery providers, sensors manufacturers and companies, robotics associations, industrial automation providers and companies, robotics firms, government organizations, market healthcare organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
| REGION | Global |
|---|---|
| RELEASE YEAR | 2023 |
| RESEARCH CODE | RST-SAR-155 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Global Population Overview and Forecast
6.1.2. Global Collaborative Robot Manufacturers in the select countries
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, End User Industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1.Collaborative Robot Manufacturers
6.3.2. Key End Users
6.4. End User Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and End User Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Collaborative Robot Market: Key Investment Analysis
9.1. By Therapy Providers
9.2. By Region
9.3. By End User
9.4. M&A Activities
Robust assessment of major investments made by various End User Industry players along with key application areas, technological assessment, and key end-use sector
10. Pricing Analysis
10.1. By Type of Robots Capacity
10.1.1. Small
10.1.2. Medium
10.1.3. Large
10.2. By Region
10.2.1. North America
10.2.2. Western Europe
10.2.3. Eastern Europe
10.2.4. Asia Pacific
10.2.5. Latin America
10.2.6. Middle East & Africa
11. Production Capacity
12. Global Industrial Robots Market
12.1. Yearly Sales Volume and Revenue Forecast
12.2. Growth Rates (Y-o-Y)
13. Global and Regional Installed Base
14. Penetration Rate of Cobots (%)
15. New Product Launches
15.1. Leading Players
15.2. Target Areas
15.3. By Region
16. EXIM Analysis
16.1. Export in Value (US$) and Volume (‘000 units)
16.1.1. Major Exporting Countries
16.1.2. Key Export Destinations
16.2. Import in Value (US$) and Volume (‘000 units)
16.2.1. Major Importing Countries
16.2.2. Key Import Destinations
17. Cost-Benefit Assessment: Manual Labor VS Collaborative Labor
18. Parent Market Overview: Global Robotics Market
19. Segmental Analysis
19.1. Global Collaborative Robot Market by Payload Capacity in terms of Volume (‘000 Units) and Value (US$ Million)
19.1.1. Segment Overview
19.1.1.1. Up to 5 kg
19.1.1.2. 5 – 10 kg
19.1.1.3. More than 10 kg
19.2. Global Collaborative Robot Market by Application in terms of Volume (‘000 Units) and Value (US$ Million)
19.2.1. Segment Overview
19.2.1.1. Material Handling
19.2.1.2. Pick and Place
19.2.1.3. Assemble
19.2.1.4. Palletizing and De-palletizing
19.2.1.5. Positioning and Welding
19.2.1.6. Packaging
19.2.1.7. Painting & Spraying
19.2.1.8. Machine Tending
19.2.1.9. Quality Testing
19.2.1.10. Others (Stocking, Transporting etc.)
19.3. Global Collaborative Robot Market by End User End User Industry in terms of Volume (‘000 Units) and Value (US$ Million)
19.3.1. Segment Overview
19.3.1.1. Electronics
19.3.1.2. Automotive
19.3.1.3. E-Commerce
19.3.1.4. Retail
19.3.1.5. Healthcare
19.3.1.6. Logistics
19.3.1.7. Food & Beverage
19.3.1.8. Manufacturing
19.3.1.9. Chemicals & Pharmaceuticals
19.3.1.10. Other Manufacturing and Industrials
19.4. Global Collaborative Robot Market by Region in terms of Volume (‘000 Units) and Value (US$ Million)
19.4.1. North America
19.4.2. Latin America
19.4.3. Western Europe
19.4.4. Eastern Europe
19.4.5. Asia Pacific
19.4.6. Middle East & Africa
20. Regional Analysis
20.1. North America Collaborative Robot Market Analysis and Forecast 2019-2028
20.1.1. Regional Market Overview and Key Takeaways
20.1.2. North America Collaborative Robot Market by Payload Capacity
20.1.3. North America Collaborative Robot Market by Application
20.1.4. North America Collaborative Robot Market by End User Industry
20.1.5. North America Collaborative Robot Market by Country
20.1.5.1. US
20.2. Latin America Collaborative Robot Market Analysis and Forecast 2019-2028
20.2.1. Regional Market Overview and Key Takeaways
20.2.2. Latin America Collaborative Robot Market by Payload Capacity
20.2.3. Latin America Collaborative Robot Market by Application
20.2.4. Latin America Collaborative Robot Market by End User Industry
20.2.5. Latin America Collaborative Robot Market by Country
20.2.5.1. Brazil
20.2.5.2. Mexico
20.2.5.3. Rest of Latin America
20.3. Western Europe Collaborative Robot Market Analysis and Forecast 2019-2028
20.3.1. Regional Market Overview and Key Takeaways
20.3.2. Western Europe Collaborative Robot Market by Payload Capacity
20.3.3. Western Europe Collaborative Robot Market by Application
20.3.4. Western Europe Collaborative Robot Market by End User Industry
20.3.5. Western Europe Collaborative Robot Market by Country
20.3.5.1. Germany
20.3.5.2. UK
20.3.5.3. France
20.3.5.4. Spain
20.3.5.5. Italy
20.3.5.6. Benelux
20.3.5.7. Nordic
20.3.5.8. Rest of Western Europe
20.4. Eastern Europe Collaborative Robot Market Analysis and Forecast 2019-2028
20.4.1. Regional Market Overview and Key Takeaways
20.4.2. Eastern Europe Collaborative Robot Market by Payload Capacity
20.4.3. Eastern Europe Collaborative Robot Market by Application
20.4.4. Eastern Europe Collaborative Robot Market by End User Industry
20.4.5. Eastern Europe Collaborative Robot Market by Country
20.4.5.1. Russia
20.4.5.2. Poland
20.4.5.3. Rest of Eastern Europe
20.5. Asia Pacific Collaborative Robot Market Analysis and Forecast 2019-2028
20.5.1. Regional Market Overview and Key Takeaways
20.5.2. Asia Pacific Collaborative Robot Market by Payload Capacity
20.5.3. Asia Pacific Collaborative Robot Market by Application
20.5.4. Asia Pacific Collaborative Robot Market by End User Industry
20.5.5. Asia Pacific Collaborative Robot Market by Country
20.5.5.1. China
20.5.5.2. Japan
20.5.5.3. India
20.5.5.4. South Korea
20.5.5.5. Australia
20.5.5.6. ASEAN
20.5.5.7. Rest of Asia-Pacific
20.6. Middle East & Africa Collaborative Robot Market Analysis and Forecast 2019-2028
20.6.1. Regional Market Overview and Key Takeaways
20.6.2. Middle East & Africa Collaborative Robot Market by Payload Capacity
20.6.3. Middle East & Africa Collaborative Robot Market by Application
20.6.4. Middle East & Africa Collaborative Robot Market by End User Industry
20.6.5. Middle East & Africa Collaborative Robot Market by Country
20.6.5.1. GCC
20.6.5.2. South Africa
20.6.5.3. Turkey
20.6.5.4. Rest of the Middle East & Africa
21. Competitive Landscape
21.1. Competition Dashboard
21.1.1. Global and Regional Market Share Analysis
21.1.2. Market Structure
21.2. Competitive Benchmarking
21.3. Key Strategy Analysis
21.4. Company Profiles
21.4.1. ABB Group
21.4.1.1. Company Overview
21.4.1.2. Product/Service Offerings
21.4.1.3. Key Financials
21.4.1.4. Recent Developments
21.4.2. AUBO Robotics Inc
21.4.2.1. Company Overview
21.4.2.2. Product/Service Offerings
21.4.2.3. Financials
21.4.2.4. Recent Developments
21.4.3. DENSO Robotics
21.4.3.1. Company Overview
21.4.3.2. Product/Service Offerings
21.4.3.3. Financials
21.4.3.4. Recent Developments
21.4.4. Energid Technologies Corporation
21.4.4.1. Company Overview
21.4.4.2. Product/Service Offerings
21.4.4.3. Financials
21.4.4.4. Recent Developments
21.4.5. EPSON Robots
21.4.5.1. Company Overview
21.4.5.2. Product/Service Offerings
21.4.5.3. Financials
21.4.5.4. Recent Developments
21.4.6. F&P Robotics AG
21.4.6.1. Company Overview
21.4.6.2. Product/Service Offerings
21.4.6.3. Financials
21.4.6.4. Recent Developments
21.4.7. MRK-Systeme GmbH
21.4.7.1. Company Overview
21.4.7.2. Product/Service Offerings
21.4.7.3. Financials
21.4.7.4. Recent Developments
21.4.8. Fanuc Corporation
21.4.8.1. Company Overview
21.4.8.2. Product/Service Offerings
21.4.8.3. Financials
21.4.8.4. Recent Developments
21.4.9. KUKA AG
21.4.9.1. Company Overview
21.4.9.2. Product/Service Offerings
21.4.9.3. Financials
21.4.9.4. Recent Developments
21.4.10. Precise Automation Inc
21.4.10.1. Company Overview
21.4.10.2. Product/Service Offerings
21.4.10.3. Financials
21.4.10.4. Recent Developments
21.4.11. Rethink Robotics Inc
21.4.11.1. Company Overview
21.4.11.2. Product/Service Offerings
21.4.11.3. Financials
21.4.11.4. Recent Developments
21.4.12. Yaskawa Electric Corporation
21.4.12.1. Company Overview
21.4.12.2. Product/Service Offerings
21.4.12.3. Financials
21.4.12.4. Recent Developments
A comprehensive list of Collaborative Robots (cobots) providers will be provided along with geographical reach, employee count, revenue, product capacities, and capabilities
22. Disclaimer
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Research Methodology
Complete Table of Contents, List of Charts and Tables
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