The global collaborative robots market is estimated to grow at a CAGR of 47% during the forecast period. The major factors contributing to the growth of the market include the rising demand for industrial robots and emerging demand in small and medium enterprises. Rising demand for industrial robots was reported across the globe, which in turn, is driving the growth of the market. For instance, as per the International Federation of Robotics (IFR), between 2018 and 2021, it is estimated that almost 2.1 million new industrial robots will be installed in factories across the globe. This represents a growth in industrial automation process across the industries, such as automotive, electronics, and metal to increase productivity and save time and cost.
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The factors that drive the global collaborative robots market growth include the rising need to provide ease and accuracy to the work. Further, the growing demand for reducing operational costs in manufacturing plants is another major factor fueling the growth of the global collaborative robot industry. The adoption of these robots in the heavy industries sector assists end-users in achieving the operational flexibility required for addressing different product requirements. However, the lack of skilled labor or workforce for operating as well as the high costs of installation and maintenance are some of the factors that challenge the collaborative market growth during the forecast period.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Collaborative Robots Market by Payload Capacity
- Up to 5 KG
- From 6 KG to 10 KG
- Above 10 KG
Global Collaborative Robots Market by Application
- Assembling and Dissembling
- Material Handling
- Sealing/Dispensing
- Welding and Finishing
- Quality Testing
- Processing
- Others (Die-Casting and Molding)
Global Collaborative Robots Market by End-Use Industry
- Automotive
- Electronics
- Food & Beverage
- Metal & Machinery
- Healthcare
- Retail& E-Commerce
- Aerospace
- Others (Furniture & Equipment and Plastics & Polymers)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Ltd.
- AUBO Robotics USA
- Comau S.p.A.
- Denso Wave Inc.
- Energid Technologies Corp.
- Epson America, Inc.
- F&P Robotics AG
- FANUC Corp.
- Festo SE & Co. KG
- FlexLink Holding AB
- HAHN Group
- Kawasaki Heavy Industries, Ltd.
- KUKA AG
- Locus Robotics
- MABI Robotic AG
- OMRON Corp.
- Precise Automation, Inc.
- Quanta Storage Inc
- Robert Bosch GmbH
- Robotiq Inc.
- Robotnik Automation S.L.L.
- Universal Robots A/S
- Vecna Robotics, Inc.
- Yaskawa Electric Corp.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global collaborative robots market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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