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Collaborative Robot Market: Current Analysis and Forecast (2021-2027)

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Collaborative robot is a type of robot which is capable of performing multiple tasks, as assisted by the humans. They have additional features, such as safety monitored stop, hand guiding, speed and separation monitoring, and power & force limiting. There are numerous types of collaborative robots that are used in industries like safety monitored stop is used to stop the functioning of robot when the safety zone violates; hand guiding is used for path teaching and detection of applied forces; speed and separation monitoring is used for operations requiring frequent worker presence, and power & force limiting is used for the direct collaboration with workers. They are being used in multiple verticals, which include supply chain management, manufacturing, and healthcare. Factors that are escalating the demand for collaborative robots such as lower price of collaborative robots are the and rising demand in the logistics in various application expected to increase its market share in the forecasted period.

Based on components, the market is classified into hardware and software. The hardware segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 because it require a significant amount of fixed and interlocked engineering controls such as robotics arms.

Based on pay load, the market is segmented into less than 5kg, 5-9kg, 10-20kg and greater than 29kg. The 5-9kg segment grabbed XX% market share of the global collaborative robots market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 owing to the cost effectiveness and take up less space than robots with higher payload capacity.

Based on end-use, the market is segmented into electronics, automotive, manufacturing, food and beverages and chemical and pharmaceuticals. In 2020, the automotive segment dominated the collaborative robots market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing the user of collaborative robots for a variety of applications such as handling, welding, assembling and disassembling, dispensing extensively.

Based on application type, the market is classified into material handling, pick and place, assembly, palletizing and de-palletizing and others. The material handling segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027. Handling tasks such as pick and place or palletizing are among the mundane and repetitive in nature for the human workers. Machine tending requires workers to stand for long hours. Hence, collaborative robots are able to automate a machine tending process during off hours without any supervision, boosting productivity.

For a better understanding of the market adoption of collaborative robots, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 predominantly because of USA which has the most usage of smart devices & manufacturing industries.

Some of the major players operating in the market include Universal Robots, FANUC, ABB, Techman Robot, KUKA, Doosan Robotics, Denso , YASKAWA, Precise Automation, Rethink Robotics, MABI Robotic, FrankaEmika, Comau , F&P Robotics , Staubli etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

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Table Of Content

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency Used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global COLLABORATIVE ROBOTS Market

2.1.1. Main Objective of the Global COLLABORATIVE ROBOTS Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL COLLABORATIVE ROBOTS MARKET AMID COVID-19

6 GLOBAL COLLABORATIVE ROBOTS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY Components

7.1. Hardware

7.2. Software

8 MARKET INSIGHTS BY Pay Load

8.1. Less Than 5 Kg

8.2. 5-9 Kg

8.3. 10-20 Kg

8.4. Greater Than 20 kg

9 MARKET INSIGHTS BY End-User

9.1. Electronics

9.2. Automotive

9.3. Manufacturing

9.4. Food and Beverage

9.5. Chemicals and Pharmaceutical

10 MARKET INSIGHTS BY Application

10.1. Material Handling

10.2. Pick and Place

10.3. Assembly

10.4. Palletizing and De-palletizing

10.5. Other (Welding, Painting, Soring, Positioning, etc.)

11 MARKET INSIGHTS BY REGION

11.1. North America COLLABORATIVE ROBOTS Market

11.1.1. United States

11.1.2. Canada

11.1.3. Rest of North America

11.2. Europe COLLABORATIVE ROBOTS Market

11.2.1. Germany

11.2.2. United Kingdom

11.2.3. France

11.2.4. Rest of Europe

11.3. Asia Pacific COLLABORATIVE ROBOTS Market

11.3.1. China

11.3.2. Japan

11.3.3. India

11.3.4. Australia

11.3.5. Rest of Asia-Pacific

11.4. Rest of World COLLABORATIVE ROBOTS Market

12 COLLABORATIVE ROBOTS MARKET DYNAMICS

12.1. Market Drivers

12.2. Market Challenges

12.3. Impact Analysis

13 COLLABORATIVE ROBOTS MARKET OPPORTUNITIES

14 COLLABORATIVE ROBOTS MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

16.1. Demand Side Analysis

16.2. Supply Side Analysis

16.2.1. Top Product Launches

16.2.2. Top Business Partnerships

16.2.3. Top Business Expansions, Investments and Divestitures

16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

18.1. Porter's Five Forces Analysis

18.1.1. Bargaining power of Supplier

18.1.2. Bargaining power of Buyer

18.1.3. Industry Rivalry

18.1.4. Availability of Substitute

18.1.5. Threat of new Entrants

18.2. Competitive Landscape

18.2.1. Company Shares, By Revenue

19 COMPANY PROFILED

19.1. Universal Robots

19.2. FANUC

19.3. ABB

19.4. Techman Robot

19.5. KUKA

19.6. Doosan Robotics

19.7. Denso

19.8. YASKAWA

19.9. Precise Automation

19.10. Rethink Robotics

20 DISCLAIMER

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Products and Companies


Companies

Universal Robots, FANUC, ABB, Techman Robot, KUKA, Doosan Robotics, Denso , YASKAWA, Precise Automation, Rethink Robotics, MABI Robotic, FrankaEmika, Comau , F&P Robotics , Staubli

Company Profile

Company Profile Title

Collaborative robot is a type of robot which is capable of performing multiple tasks, as assisted by the humans. They have additional features, such as safety monitored stop, hand guiding, speed and separation monitoring, and power & force limiting. There are numerous types of collaborative robots that are used in industries like safety monitored stop is used to stop the functioning of robot when the safety zone violates; hand guiding is used for path teaching and detection of applied forces; speed and separation monitoring is used for operations requiring frequent worker presence, and power & force limiting is used for the direct collaboration with workers. They are being used in multiple verticals, which include supply chain management, manufacturing, and healthcare. Factors that are escalating the demand for collaborative robots such as lower price of collaborative robots are the and rising demand in the logistics in various application expected to increase its market share in the forecasted period.

Based on components, the market is classified into hardware and software. The hardware segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 because it require a significant amount of fixed and interlocked engineering controls such as robotics arms.

Based on pay load, the market is segmented into less than 5kg, 5-9kg, 10-20kg and greater than 29kg. The 5-9kg segment grabbed XX% market share of the global collaborative robots market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 owing to the cost effectiveness and take up less space than robots with higher payload capacity.

Based on end-use, the market is segmented into electronics, automotive, manufacturing, food and beverages and chemical and pharmaceuticals. In 2020, the automotive segment dominated the collaborative robots market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing the user of collaborative robots for a variety of applications such as handling, welding, assembling and disassembling, dispensing extensively.

Based on application type, the market is classified into material handling, pick and place, assembly, palletizing and de-palletizing and others. The material handling segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027. Handling tasks such as pick and place or palletizing are among the mundane and repetitive in nature for the human workers. Machine tending requires workers to stand for long hours. Hence, collaborative robots are able to automate a machine tending process during off hours without any supervision, boosting productivity.

For a better understanding of the market adoption of collaborative robots, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 predominantly because of USA which has the most usage of smart devices & manufacturing industries.

Some of the major players operating in the market include Universal Robots, FANUC, ABB, Techman Robot, KUKA, Doosan Robotics, Denso , YASKAWA, Precise Automation, Rethink Robotics, MABI Robotic, FrankaEmika, Comau , F&P Robotics , Staubli etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

READ MORE

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency Used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global COLLABORATIVE ROBOTS Market

2.1.1. Main Objective of the Global COLLABORATIVE ROBOTS Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL COLLABORATIVE ROBOTS MARKET AMID COVID-19

6 GLOBAL COLLABORATIVE ROBOTS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY Components

7.1. Hardware

7.2. Software

8 MARKET INSIGHTS BY Pay Load

8.1. Less Than 5 Kg

8.2. 5-9 Kg

8.3. 10-20 Kg

8.4. Greater Than 20 kg

9 MARKET INSIGHTS BY End-User

9.1. Electronics

9.2. Automotive

9.3. Manufacturing

9.4. Food and Beverage

9.5. Chemicals and Pharmaceutical

10 MARKET INSIGHTS BY Application

10.1. Material Handling

10.2. Pick and Place

10.3. Assembly

10.4. Palletizing and De-palletizing

10.5. Other (Welding, Painting, Soring, Positioning, etc.)

11 MARKET INSIGHTS BY REGION

11.1. North America COLLABORATIVE ROBOTS Market

11.1.1. United States

11.1.2. Canada

11.1.3. Rest of North America

11.2. Europe COLLABORATIVE ROBOTS Market

11.2.1. Germany

11.2.2. United Kingdom

11.2.3. France

11.2.4. Rest of Europe

11.3. Asia Pacific COLLABORATIVE ROBOTS Market

11.3.1. China

11.3.2. Japan

11.3.3. India

11.3.4. Australia

11.3.5. Rest of Asia-Pacific

11.4. Rest of World COLLABORATIVE ROBOTS Market

12 COLLABORATIVE ROBOTS MARKET DYNAMICS

12.1. Market Drivers

12.2. Market Challenges

12.3. Impact Analysis

13 COLLABORATIVE ROBOTS MARKET OPPORTUNITIES

14 COLLABORATIVE ROBOTS MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

16.1. Demand Side Analysis

16.2. Supply Side Analysis

16.2.1. Top Product Launches

16.2.2. Top Business Partnerships

16.2.3. Top Business Expansions, Investments and Divestitures

16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

18.1. Porter's Five Forces Analysis

18.1.1. Bargaining power of Supplier

18.1.2. Bargaining power of Buyer

18.1.3. Industry Rivalry

18.1.4. Availability of Substitute

18.1.5. Threat of new Entrants

18.2. Competitive Landscape

18.2.1. Company Shares, By Revenue

19 COMPANY PROFILED

19.1. Universal Robots

19.2. FANUC

19.3. ABB

19.4. Techman Robot

19.5. KUKA

19.6. Doosan Robotics

19.7. Denso

19.8. YASKAWA

19.9. Precise Automation

19.10. Rethink Robotics

20 DISCLAIMER

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

Universal Robots, FANUC, ABB, Techman Robot, KUKA, Doosan Robotics, Denso , YASKAWA, Precise Automation, Rethink Robotics, MABI Robotic, FrankaEmika, Comau , F&P Robotics , Staubli