Collaborative Robots Market Development Analysis 2019–2024 ABB, Kuka, Universal Robotics, Adept Technology, DLR, Fanuc, Honda, iRobot, Kawada, Rethink Robotics, Precise Automotion, Teradyne, Yaskawa Motoman

Collaborative Robots market will register a 57.7% CAGR in terms of revenue, the global market size will reach US$ 9080 million by 2024

Press Release

Collaborative robot (Cobots) is a robot intended to physically interact with humans in a shared workspace. In addition, a collaborative robot is less bulky and much easier to operate than other equipment when loads between 50 and 100 kilos must be handled. This is in contrast with other robots, designed to operate autonomously or with limited guidance, which is what most industrial robots were up until the decade of the 2010s. Cobots can have many roles — from autonomous robots capable of working together with humans in an office environment that can ask you for help, to industrial robots having their protective guards removed as they can react to a human presence under EN ISO 10218 or RSA BSR/T15.1.

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The Players mentioned in our report
l Kuka
l Universal Robotics
l Adept Technology
l Fanuc
l Honda
l iRobot
l Kawada
l Rethink Robotics
l Precise Automotion
l Teradyne
l Yaskawa Motoman

The continuous development in the automation industry is expected to boost the growth of the global collaborative robot market in the coming years. The safety of these robots has increased their demand in various end-user industries are they can perfectly work in tandem with the human workforce.
Collaborative robots are popular due to their high return on investment and low overall cost, attracting many small and medium sized enterprises (SMEs). Global manufactures mainly distributed in Europe, North America, Japan. Demand for collaborative robots is profoundly dependent on increase in automation industry. Universal Robots accounted for 47.60%of the global collaborative robots sales market share in 2016. Other players accounted for 18.41%, 12.30% including ABB and Rethink Robotics.

The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

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This report presents a comprehensive overview, market shares, and growth opportunities of Collaborative Robots market by product type, application, key manufacturers and key regions and countries.

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Upto 5kg
5~10 kg
Above 10kg

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Metal and Machining
Plastic and Polymers
Food and Beverages

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Research objectives
To study and analyze the global Collaborative Robots consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Collaborative Robots market by identifying its various subsegments.
Focuses on the key global Collaborative Robots manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Collaborative Robots with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Collaborative Robots submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.


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