According to a market report by Lucintel, the future of the mobile cobot market looks promising with opportunities in the automotive, electronics & electrical, metals & machining, food & beverage end use industries. The Global mobile cobot market is expected to grow with a CAGR of 25% to 27% from 2023 to 2028. The major drivers for this market are increasing investment in automation by various industries, rise in the adoption of artificial intelligence with modern robots & cobots, and low cost mobile cobots.
In this market, 1kg to 3kg, 3 to 5kg, 5 to 10kg, and above 10kg are the major segments by weight capacity. Lucintel forecasts that 3 kg to 5 kg will remain the largest segment over the forecast period due to light weight, flexibility, and the ability of the machine to optimize the various low-weight collaborative processes, such as picking, placing, and testing.
Within this market, automotive is expected to remain the largest segment due to reduction in the floor space and cost of production downtime and increasing shift towards automation to reduce the cost, as well as the time.
APAC will remain the largest region over the forecast period due to the increasing labour cost in the region that are forcing the producers to automate the entire manufacturing process so that they can maintain their benefits in terms of reduction of the costs involved in it.
ABB, Aubo Robotics, Fanuc Corporation, Kawasaki Heavy Industries., KuKa, Precise Automation, Rethink Robotics, Robert Bosch, TECHMAN Robots, Universal Robots, and Yasakawa Electric Corporation are the major suppliers in the global mobile cobot market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global mobile cobot market by weight capacity, application, end use industry and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Mobile Cobot Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global mobile cobot market by weight capacity, application, end use industry, and region, as follows:
Mobile Cobot Market by Weight Capacity [Value ($B) Shipment Analysis from 2017 to 2028]:
· 1 to 3kg
· 3 to 5kg
· 5 to 10kg
· Above 10kg
Mobile Cobot Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Automated Pallet Forks
· Conveyor Brands/ Belts
· Robotic Arms
· Safety Units
· Shelf Units
· Others
Mobile Cobot Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
· Automotive
· Electronics & Electrical
· Metals & Machining
· Food & Beverages
· Others
Mobile Cobot Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Mobile Cobot Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mobile cobot market by weight capacity (1 to 3kg, 3 to 5kg, 5 to 10kg, and above 10kg), application (automated pallet forks, conveyor brands/ belts, robotic arms, safety units, shelf units, and others), end use industry (automotive, electronics & electrical, metals & machining, food & beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?