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Collaborative Robot (Cobot) Trends and Forecast
The future of the global collaborative robot (cobot) market looks promising with opportunities in the automotive, electronic, metal and machining, plastic and polymer, food and beverage, furniture and equipment, healthcare, and logistic markets. The global collaborative robot (cobot) market is expected to reach an estimated $7.3 billion by 2030 with a CAGR of 30.2% from 2024 to 2030. The major drivers for this market are investments in the automation of production lines, integration of artificial intelligence and machine learning technologies in industrial robots. as well as, rising usage in small and medium enterprises (SMEs).
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Collaborative Robot (Cobot) by Segment
The study includes a forecast for the global collaborative robot (cobot) by payload, application, end use, and region.
Collaborative Robot (Cobot) Market by Payload [Shipment Analysis by Value from 2018 to 2030]:
• Up to 5 Kg
• 5-10 Kg
• 10-20 Kg
• More than 20 Kg
Collaborative Robot (Cobot) Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Handling
• Welding and Soldering
• Assembling and Disassembling
• Dispensing
• Processing
• Others
Collaborative Robot (Cobot) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Electronics
• Metal and Machining
• Plastic and Polymer
• Food and Beverage
• Furniture and Equipment
• Healthcare
• Logistics
• Others
Collaborative Robot (Cobot) Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Collaborative Robot (Cobot) Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies collaborative robot (cobot) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the collaborative robot (cobot) companies profiled in this report include-
• Universal Robots
• FANUC Corporation
• ABB
• Techman Robot
• KUKA
• Doosan Robotics
• Denso Corporation
• Yaskawa Electric
• AUBO
Collaborative Robot (Cobot) Market Insights
Lucintel forecasts that assembling and disassembling will remain the largest segment over the forecast period.
APAC is expected to witness highest growth over the forecast period due to rising industrialization, digitization, and increasing focus in the area on the accuracy and quality of cobots, resulting in the application of strict guidelines in this region.
Features of the Global Collaborative Robot (Cobot) Market
Market Size Estimates: Collaborative robot (Cobot) market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Collaborative robot (Cobot) market size by payload, application, end use, and region in terms of value ($B).
Regional Analysis: Collaborative robot (Cobot) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different payload, application, end use, and regions for the collaborative robot (cobot) market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the collaborative robot (cobot) market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the collaborative robot (cobot) market size?
Answer: The global collaborative robot (cobot) market is expected to reach an estimated $7.3 billion by 2030.
Q.2 What is the growth forecast for collaborative robot (cobot) market?
Answer: The global collaborative robot (cobot) market is expected to grow with a CAGR of 30.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the collaborative robot (cobot) market?
Answer: The major drivers for this market are investments in the automation of production lines, integration of artificial intelligence and machine learning technologies in industrial robots. as well as, rising usage in small and medium enterprises (SMEs).
Q4. What are the major segments for collaborative robot (cobot) market?
Answer: The future of the global collaborative robot (cobot) market looks promising with opportunities in the automotive, electronic, metal and machining, plastic and polymer, food and beverage, furniture and equipment, healthcare, and logistic markets.
Q5. Who are the key collaborative robot (Cobot) market companies?
Answer: Some of the key collaborative robot (cobot) companies are as follows:
• Universal Robots
• FANUC Corporation
• ABB
• Techman Robot
• KUKA
• Doosan Robotics
• Denso Corporation
• Yaskawa Electric
• AUBO
Q6. Which collaborative robot (cobot) market segment will be the largest in future?
Answer: Lucintel forecasts that assembling and disassembling will remain the largest segment over the forecast period.
Q7. In collaborative robot (cobot) market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising industrialization, digitization, and increasing focus in the area on the accuracy and quality of cobots, resulting in the application of strict guidelines in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the collaborative robot (cobot) market by payload (up to 5 kg, 5-10 kg, 10-20 kg, and more than 20 kg), application (handling, welding and soldering, assembling and disassembling, dispensing, processing, and others), end use (automotive, electronics, metal and machining, plastic and polymer, food and beverage, furniture and equipment, healthcare, logistics, 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 has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Collaborative Robot (Cobot) Market, Collaborative Robot (Cobot) Market Size, Collaborative Robot (Cobot) Market Growth, Collaborative Robot (Cobot) Market Analysis, Collaborative Robot (Cobot) Market Report, Collaborative Robot (Cobot) Market Share, Collaborative Robot (Cobot) Market Trends, Collaborative Robot (Cobot) Market Forecast, Collaborative Robot (Cobot) Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Collaborative Robot (Cobot) Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Collaborative Robot (Cobot) Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Collaborative Robot (Cobot) Market by Payload
3.3.1: Up to 5 Kg
3.3.2: 5-10 Kg
3.3.3: 10-20 Kg
3.3.4: More than 20 Kg
3.4: Global Collaborative Robot (Cobot) Market by Application
3.4.1: Handling
3.4.2: Welding and Soldering
3.4.3: Assembling and Disassembling
3.4.4: Dispensing
3.4.5: Processing
3.4.6: Others
3.5: Global Collaborative Robot (Cobot) Market by End Use
3.5.1: Automotive
3.5.2: Electronics
3.5.3: Metal and Machining
3.5.4: Plastic and Polymer
3.5.5: Food and Beverage
3.5.6: Furniture and Equipment
3.5.7: Healthcare
3.5.8: Logistics
3.5.9: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Collaborative Robot (Cobot) Market by Region
4.2: North American Collaborative Robot (Cobot) Market
4.2.1: North American Collaborative Robot (Cobot) Market by Application: Handling, Welding and Soldering, Assembling and Disassembling, Dispensing, Processing, and Others
4.2.2: North American Collaborative Robot (Cobot) Market by End Use: Automotive, Electronics, Metal and Machining, Plastic and Polymer, Food and Beverage, Furniture and Equipment,Healthcare,Logistics, and Others
4.3: European Collaborative Robot (Cobot) Market
4.3.1: European Collaborative Robot (Cobot) Market by Application: Handling, Welding and Soldering, Assembling and Disassembling, Dispensing, Processing, and Others
4.3.2: European Collaborative Robot (Cobot) Market by End Use: Automotive, Electronics, Metal and Machining, Plastic and Polymer, Food and Beverage, Furniture and Equipment, Healthcare,Logistics, and Others
4.4: APAC Collaborative Robot (Cobot) Market
4.4.1: APAC Collaborative Robot (Cobot) Market by Application: Handling, Welding and Soldering, Assembling and Disassembling, Dispensing, Processing, and Others
4.4.3: APAC Collaborative Robot (Cobot) Market by End Use: Automotive, Electronics, Metal and Machining, Plastic and Polymer, Food and Beverage, Furniture and Equipment, Healthcare, Logistics, and Others
4.5: ROW Collaborative Robot (Cobot) Market
4.5.1: ROW Collaborative Robot (Cobot) Market by Application: Handling, Welding and Soldering, Assembling and Disassembling, Dispensing, Processing, and Others
4.5.2: ROW Collaborative Robot (Cobot) Market by End Use: Automotive, Electronics, Metal and Machining, Plastic and Polymer, Food and Beverage, Furniture and Equipment, Healthcare, Logistics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Collaborative Robot (Cobot) Market by Payload
6.1.2: Growth Opportunities for the Global Collaborative Robot (Cobot) Market by Application
6.1.3: Growth Opportunities for the Global Collaborative Robot (Cobot) Market by End Use
6.1.4: Growth Opportunities for the Global Collaborative Robot (Cobot) Market by Region
6.2: Emerging Trends in the Global Collaborative Robot (Cobot) Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Collaborative Robot (Cobot) Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Collaborative Robot (Cobot) Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Universal Robots
7.2: FANUC Corporation
7.3: ABB
7.4: Techman Robot
7.5: KUKA
7.6: Doosan Robotics
7.7: Denso Corporation
7.8: Yaskawa Electric
7.9: AUBO
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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