Collaborative Robot (Cobot) Market, , By Payload (Up to 5 Kg, 6-10 Kg, 11 Kg, and Above), By Industry (Automotive, Electronics & Semi-Conductors, Food & Beverages, Retail, Metals & Machining, Rubber & Plastic, Others), By Application (Welding, Material Handling, Quality Testing, Painting/Spraying, Assembling, Others) By Region – Global Analysis Forecast Till 2030

The Global Collaborative Robot (Cobot) Market size was accounted for USD 1.21 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 32.1%, from 2022 to 2030.

Collaborative robots (Cobots) are designed to assist humans as guides or assistants in specific tasks. Collaborative robots are programmed and designed to operate under human direction or respond to human actions. Cobots have several benefits, including easier programming, faster set-up, faster payback in the robotics industry, better robot-human interaction and efficiency, increased return on investment, safer working environment, and suitable for small and mid-volume production. Safe handling of complex and dangerous tasks.

The clamping force of the electric gripper is also easily adjustable, limiting the applied force and allowing the robot system to be safely used in collaborative work. Additionally, the electric gripper eliminates the need to install external clamps and hoses, making the certification process for collaborative systems easier.

Market Dynamics:

Drivers:

Cobots offer a high return on investment compared to other traditional industrial robots. Their & significant return on investment makes them attractive to SMEs with the potential growth of robot installations in many countries. Additionally, while the cost of deploying the additional hardware of a cobot is higher than the cost of this type of robot, the cost of deploying the additional hardware of a standard industrial robot is higher than the cost of the robot itself. Therefore, the overall cost of traditional industrial bots, including additional hardware and components, is higher compared to cobots. As a result, cobots offer a higher return on investment compared to traditional industrial robots because they only require a controller, indicator, and vision system.

Cobots are also becoming less complicated, more affordable, and easier to use as training aids. By utilizing the most recent sensors, plug-and-play technologies, and automated robot programming from CAD data, the growth of cobots will enable enterprises of all sizes and shapes to remain competitive. This will primarily give businesses a variety of options.

Restraints:

The global collaborative robot (cobot) market is expected to witness significant growth during the forecast period. However, several factors can affect growth. For instance, the initial high expenditure required for procurement, integration, programming, accessories, maintenance, etc. can limit growth. Additionally, a shortage of skilled workers in underdeveloped and developing countries significantly affects growth. In addition, stringent government regulations can also be seen as a key factor hindering global market growth.

Key players:

• ABB,

• Universal Robots,

• FANUC Corporation,

• Techman Robot,

• AUBO Robotics,

• KUKA,

• Kawada Robotics,

• Productive Robotics,

• Kawasaki Robotics,

• Precise Automation,

• YASKAWA,

• F&P Robotics,

• Rethink Robotics,

• Robert Bosch,

• MABI Robotic,

• Siasun,

• Franka Emika,

• Hanwha Precision Machinery,

• Carbon Robotics,

• Han’s Robot,

• ST Robotics,

• and Others

Market Segmentation:

Collaborative Robot (Cobot) Market, By Payload Capacity

• Up to 5 Kg

• 6-10 Kg

• 11 Kg and Above

Collaborative Robot (Cobot) Market, By Application,

• Welding

• Material Handling

• Quality Testing

• Painting/Spraying

• Assembling

• Others (Packaging, etc.)

Collaborative Robot (Cobot) Market, By Industry,

• Automotive

• Electronics & Semi-Conductors

• Food & Beverages

• Retail

• Metals & Machining

• Rubber & Plastic

• Others (Agriculture, Aerospace, etc.)

Collaborative Robot (Cobot) Market, By Region

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Russia

  • Poland

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • Australia

  • Rest of Asia-Pacific

• LAMEA

  • Latin America

  • Middle East

  • Africa

Regional Analysis:

The Asia Pacific region is expected to develop rapidly in the coming years due to the presence of authorized and unapproved companies in China working in this industry sector, expanding industrial output, increasing small and medium-sized enterprises (SMEs), and other factors. Additionally, increasing demand for custom machines and automobiles in this sector, where high accuracy and fast manufacturing capabilities are required, is adding to the collaborative robot (cobot) market expansion.

Also, China is expected to grow significantly due to the growth of its manufacturing industry. In addition, cheap labor, generous emissions and safety regulations, low production costs, and government regulations on FDI have allowed regional industries to gain a competitive advantage, allowing APAC to maintain its dominant position in this collaborative robot (cobot) market.

North America is expected to grow rapidly during the forecast period, owing to the increasing manufacturing sector, government involvement to support small and medium-sized enterprises, the emergence of smart factories and Industry 4.0, and other factors.

During the forecast period, Europe is also expected to dominate the global collaborative robot (cobot) market growth. The government's active support for factory automation solutions such as the Fourth Industrial Revolution and smart factories is expected to drive regional growth. In addition, huge amounts of money are being invested in the research and development of collaborative robots leading the industry.

Scope of the Report:

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