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Pulished Date February, 2020
ID: 9465
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Global Cobot Market Report - Segmentation By Payload Capacity (Up to 5 Kg, Up To 10 Kg And More Than 10 Kg), By Application (Assembly, Handling, Packaging, Quality Testing), By Vertical (Automotive, Food And Beverage, Furniture And Equipment, Plastics And Polymers, Metal And Machinery, Electronics, Pharmaceuticals and Others), By Region, And Segment Forecasts, 2020 - 2025

Pulished: February, 2020
ID: 9465
Pages: 150

Cobot (Collaborative Robots) Market Size, Share and Growth Analysis (2020 - 2025)

The global Cobot (collaborative robot) market is foreseen to progress from $ 981 million in 2019 to $ 7,172 billion by 2025, expanding at a compound annual growth rate (CAGR) of 41.8% over the foreseen period 2020-2025.

Cobots are new generation robots that are used for different applications and are capable of performing complex task. In 2013, more than 65,000 units of industrial robots were delivered to the automotive industry. Countries like China, Japan, and Germany have the largest market share of industrial robots. As there is a huge rise in the expansion of collaborative robots in various sectors, many companies are investing in robotic solutions for high productivity and efficiency.

The collaborative robot or cobot is mainly designed to interact with humans in a shared workspace physically. Growing adoption in small and medium-sized enterprises (SMEs) and investments in manufacturing process automation are the main growth drivers. The emergence of robots working alongside humans in fields such as intelligent assembly of parts and manufacture of electronic products is still fueling demand.

Market growth and trends:

Technological developments have led to advances in the robotics industry on a remarkable level. Initially, these devices were overpriced and came with limited or restricted functionality, such as a fixed axis or fixed angles of rotation. However, with technological advancements, modern robots can perform incredible tasks efficiently and at a lower price. In addition, they offer a rapid return on investment (ROI) thanks to the optimization of overheads and the improvement of the production rate.

Market Drivers and Restraints:

High-performance accuracy and flexibility to program for any task increase the rate of adoption of collaborative robots by different industries. Increased investments in industrial automation and enhanced performance are driving demand for collaborative robots worldwide. The lack of skilled jobs and rising labor costs are the main factors that increase the inclination of manufacturing industries towards collaborative robots.

However, currency devaluation and the economic crisis in several countries are hampering the growth of the global cobot market. As collaborative robots operate at a certain speed, changes in the work environment are depleting the productivity of collaborative robots. Low-cost robots still face the challenge of meeting industrial demand at high speed. This is the main factor hindering the adoption of collaborative robots by small businesses. To meet the requirement for productivity, maintaining their rate is a hurdle for collaborative robot manufacturers.

Market segmentation:

By Payload Capacity:

Depending on the payload capacity, the market for cobots is segmented as up to 5 kg, up to 10 kg and more than 10 kg. In 2018, cobots with a load capacity segment of up to 5 kilograms accounted for the largest market share, which is attributed to the flexibility, lightness and ability of the machine to optimize low weight collaborative processes such as placement, sampling and testing.

Cobots with a load capacity greater than 10 kg are expected to experience significant growth, due to their ability to handle larger tasks that require precision, reliability, and collaboration with more cumbersome processes. Robots are supposed to experience an exponential CAGR of 46.2% during the forecast period.

By Application:

The applications segment has been classified into several categories: assembly, sampling and placement, handling, packaging, quality testing, machine maintenance, bonding and welding, etc. In 2018, the assembly applications segment accounted for the largest market share due to the ability to combine repetitive and easy work with more complex assembly processes.

While the adoption and growth of collaborative pick and place robot applications should spur segment growth during the outlook period. Co-robots are used in vertical positioning and selection applications to reduce shrinkage and increase accuracy when managing inventory. Pickup and drop robots are lightweight, small, and can be deployed in a limited space.

By Vertical:

Based on the vertical, the market was segmented into automotive, food and beverage, furniture and equipment, plastics and polymers, metal and machinery, electronics, pharmaceuticals and others. The automotive industry accounted for a 24% market share in 2018 and is expected to lead the way in the forecast period. Key factors such as lower downtime cost and reduced floor space are presumed to drive growth during the forecast period.

Regional Analysis:

Europe is an income-generating region and accounted for a significant market share of around 37% in 2018. Regional growth is attributed to the extensive application of cobots in different vertical sectors such as electronics, logistics and inspection. Additionally, the regional growth of cobot technology can be attributed to several benefits, such as increased collaboration and efficient manufacturing optimization solutions offered by workplace automation.

The increasing focus on the quality and precision of cobots in the Asia-Pacific required the implementation of maximum standards, increasing the deployment of cobots in the region. Technology's ability to produce better quality, higher efficiency, less waste, and standardize products is anticipated to significantly increase the adoption of collaborative robots during the projected period. Additionally, with a sharper focus on automation, the adoption of artificial intelligence, and all other necessary technological developments, the market has significant potential for rapid growth during the prediction period.

Key players in the market:

The main players offering exclusive products and supplies in this market are ABB Group; Denso Robotics; EPSON Robots; Energy Technologies Corporation; F&P Robotics AG; Fanuc Corporation; KUKA AG; MRK-Systeme GmbH; Precise Automation, Inc.; Rethinking Robotics, Inc.; Robert Bosch GmbH; Universal A/S robots; Yaskawa Electric Corporation; MABI AG; Robot Techman from Quanta Storage, Inc.; Franka Emika GmbH; AUBO Robotics Inc.; and Comau S.p.A.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Collaborative Robots Market, By Payload Capacity                    

                                6.1.1 Up to 5 Kg

                                6.1.2 Up To 10 Kg             

                                6.1.3 More Than 10 Kg  

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Collaborative Robots Market, By Application                               

                                6.2.1 Assembly 

                                6.2.2 Handling   

                                6.2.3 Packaging

                                6.2.4 Quality Testing      

                                6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Collaborative Robots Market, By Vertical                      

                                6.3.1 Automotive            

                                6.3.2 Food And Beverage            

                                6.3.3 Furniture And Equipment 

                                6.3.4 Plastics And Polymers        

                                6.3.5 Metal And Machinery        

                                6.3.6 Electronics               

                                6.3.7 Pharmaceuticals   

                                6.3.8 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.9 Y-o-Y Growth Rate Analysis             

                                6.3.10 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Payload Capacity            

                                7.2.3 By Application        

                                7.2.4 By Vertical               

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Payload Capacity            

                                7.3.3 By Application        

                                7.3.4 By Vertical               

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Payload Capacity            

                                7.4.3 By Application        

                                7.4.4 By Vertical               

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Payload Capacity            

                                7.5.3 By Application        

                                7.5.4 By Vertical               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Payload Capacity            

                                7.6.3 By Application        

                                7.6.4 By Vertical               

8. Key Player Analysis                                    

                8.1 ABB Group                  

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Denso Robotics                         

                8.3 EPSON Robots                           

                8.4 Energy Technologies Corporation                     

                8.5 F&P Robotics AG                      

                8.6 Fanuc Corporation                   

                8.7 KUKA AG                     

                8.8 MRK-Systeme GmbH                             

                8.9 Precise Automation, Inc                        

                8.10 Rethinking Robotics, Inc                     

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Payload capacity, Application, Vertical and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Collaborative Robots Market By Region, From 2020-2025 ( USD Billion )
  2. Global Collaborative Robots Market By Payload Capacity, From 2020-2025 ( USD Billion )
  3. Global Up to 5 Kg Market By Region, From 2020-2025 ( USD Billion )
  4. Global Up To 10 Kg Market By Region, From 2020-2025 ( USD Billion )
  5. Global More Than 10 Kg Market By Region, From 2020-2025 ( USD Billion )
  6. Global Collaborative Robots Market By Application, From 2020-2025 ( USD Billion )
  7. Global Assembly Market By Region, From 2020-2025 ( USD Billion )
  8. Global Handling Market By Region, From 2020-2025 ( USD Billion )
  9. Global Packaging Market By Region, From 2020-2025 ( USD Billion )
  10. Global Quality Testing Market By Region, From 2020-2025 ( USD Billion )
  11. Global Collaborative Robots Market By Vertical, From 2020-2025 ( USD Billion )
  12. Global Automotive Market By Region, From 2020-2025 ( USD Billion )
  13. Global Food And Beverage Market By Region, From 2020-2025 ( USD Billion )
  14. Global Furniture And Equipment Market By Region, From 2020-2025 ( USD Billion )
  15. Global Plastics And Polymers Market By Region, From 2020-2025 ( USD Billion )
  16. Global Metal And Machinery Market By Region, From 2020-2025 ( USD Billion )
  17. Global Electronics Market By Region, From 2020-2025 ( USD Billion )
  18. Global Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )

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