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Collaborative robot market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Payload Capacity (Up to 5 Kg, Between 5 and 10 Kg and Above 10 Kg), By Application (Quality Testing, Material Handling, Packaging & Palletizing, Gluing & Welding Assembly, Pick & Place, Machine Tending and Others), By Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymers, Food & Beverages, Healthcare, Furniture & Equipment, and Others), By Region, By Competition

Market Report I 2023-06-01 I 114 Pages I TechSci Research

The global Collaborative robot market is anticipated to develop rapidly in the forecast period 2024-2028.
The main factors propelling the market for Collaborative robot markets are the development of various applications for the assembly and production of electronic goods, new automotive processes, and various modeling operations used in small and medium-sized manufacturing companies. Cobots, also called Collaborative robot markets, can handle a wide range of tasks to assist people/workforce. Moreover, built-in sensors, passive compliance, and overcurrent detection are some of the safety features that Collaborative robot markets possess, thereby driving the growth of the market.
Increase in applications for manufacturing across the world
Cobots, or Collaborative robot markets (a new robotics paradigm), developed in which robots and humans work together on the same projects, bringing in significant advancement in robotics with enormous potential for many industries, including manufacturing. Several large-scale and small-scale manufacturing units have made automation a key component of their cost-cutting and production-efficiency strategies. The use of Collaborative robot markets is growing as more and more businesses are shifting toward automation. Collaborative robot markets are used in various manufacturing units, such as automotive, furniture & equipment, and metals & machining, for assembly, pick & place, machine tending, quality testing, material handling, packaging & palletizing, gluing & welding, and other applications. Collaborative robot market adoption is increasing because of the rapidly changing human-machine interface (HMI), which is made possible by introducing touch screens, larger screens, higher resolution, remote monitoring capabilities using advanced processors, and IIOT.
Like the ABB YuMi, Cobots work alongside an assembly worker at a shared desk. Automatic tool changers enable quicker and more complex operations, absolute precision, and continuous fastener or bonding material supply, which further ensures consistent product quality.
Faster ROI and Low-Cost Deployment
Collaborative robot markets have been scientifically proven to be more cost-effective than their industrial counterparts, primarily due to their ability to automate more tasks per robot. Moreover, the ease of creating a Collaborative robot market reduces the time and resources required for integration, lowering the automation investment. Collaborative robot markets include safety features and do not require fences or other industrial safety equipment, thus, reducing costs while shortening integration time. When compared to industrial robots, the low cost of deploying a Collaborative robot market makes it far more accessible to a broader customer base.
High training requisite for the workforce
Over the last decade, manufacturers have found it more challenging to hire employees to complete their factories' specialized tasks. The presence of automation adds another layer to the dilemma, as the robots require operations' programming. This provides additional opportunities for existing employees to be trained and expand their skill set. A company specializing in automation can help with the initial installation and setup. With proper training and experience, staff can learn new skills and adapt to manage robots over time. Therefore, the requirement for a highly skilled team and workforce can hamper the market growth of Collaborative robot markets.
Covid impact on cobots
Almost every industry, including automotive, electronics, metals & machining, plastics & polymers, food & beverages, healthcare, furniture & equipment, and others, has been significantly impacted by COVID-19. During the COVID-19 pandemic, factors such as a lack of cash flow and a cash shortage limited the growth of industries.
Almost every industry in the world has been affected by the coronavirus (COVID-19) pandemic, including machinery, industrial automation, and robotics. Most nations implemented a lockdown to combat the COVID-19 pandemic and have now gradually eased it. As a result, the manufacturing industry has been significantly impacted. For example, factories in China, Italy, and India, among other countries, had to close temporarily, which affected the market for collaborative robots.
Market Segmentation
The global Collaborative robot market is divided into Payload Capacity, Application, and Industry. Based on Payload Capacity, the market is divided into Up to 5 Kg, Between 5 and 10 Kg, and Above 10 Kg. By Application, the market is divided into Assembly, Pick & Place, Machine Tending, Quality Testing, Material Handling, Packaging & Palletizing, Gluing & Welding, and Others. By Industry, the market is divided into Automotive, Electronics, Metals & Machining, Plastics & Polymers, Food & Beverages, Healthcare, Furniture & Equipment, and Others.
Market Players
Major market players are Universal Robots A/S, Rethink Robotics, ABB, KUKA AG, FANUC Corporation, Robert Bosch GmbH, major market players in the global Collaborative robot market MRK-Systeme GmbH, Precise Automation, Inc., F&P Robotics AG, and Energid Technologies Corporation, and many more.

Some of the key developments by the top market players are:

- In June 2018, The HAHN Group acquired Rethink Robotics. The acquisition would expand the HAHN Group robotic division and service portfolio.
- In December 2020, ASEA Brown Boveri Ltd. introduced "Wizard Easy Programming," a block-based programming interface to make programming its single-arm YuMi Cobots easier. The company also claimed that it aims to make its cobots easier to set up for those who don't know how to program, decreasing the entrance barrier.
Report Scope:
In this report, the Global Collaborative robot market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Global Collaborative robot market, By Payload Capacity:
o Up to 5 Kg
o Between 5 and 10 Kg
o Above 10g
- Global Collaborative robot market, By Application:
o Assembly
o Pick & Place
o Machine Tending
o Quality Testing
o Material Handling
o Packaging & Palletizing
o Gluing & Welding
o Others
- Global Collaborative robot market, By Industry:
o Automotive
o Electronics
o Metals & Machining
o Plastics & Polymers
o Food & Beverages
o Healthcare
o Furniture & Equipment
o Others
- Global Collaborative robot market, By Region:
o North America
- United States
- Mexico
o Asia-Pacific
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- China
o Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Poland
- Denmark
o South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
o Middle East
- South Arabia
- South Africa
- UAE
- Iraq
- Turkey

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Collaborative robot market.
Available Customizations:
Global Collaborative robot market report with the given market data, Tech Sci Research, offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to ten).

1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on the Global Collaborative robot market
4. Executive Summary
5. Voice of Customers
5.1. Brand Awareness
5.2. Factors Considered while Selecting Supplier
5.3. Key Satisfaction Level
5.4. Major Challenges Faced
5.5. Types of Security Breaches can occur
5.6. Key attacks on robots
5.7. Impacts on human by Robot
6. Global Collaborative robot market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Payload Capacity (Up to 5 Kg, Between 5 and 10 Kg, and Above 10 Kg)
6.2.2. By Application (Quality Testing, Material Handling, Packaging & Palletizing, Gluing & Welding Assembly, Pick & Place, Machine Tending and Others)
6.2.3. By Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymers, Food & Beverages, Healthcare, Furniture & Equipment, and Others)
6.2.4. By Region
6.2.5. By Company (2022)
6.3. Market Map
6.4. Industry Value Chain Analysis
6.5. Regulatory and Standardizations Related to Collaborative robot market
6.6. Innovations in technology Related to Collaborative robot market
6.7. Porter's Five Forces Analysis
6.7.1. The threat of New Entrants
6.7.2. Bargaining Power of Buyers/Consumers
6.7.3. Bargaining Power of Suppliers
6.7.4. The threat of Substitute Products
6.7.5. The intensity of Competitive Rivalry
7. North America Collaborative robot market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Payload Capacity
7.2.2. By Application
7.2.3. By Industry
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Collaborative robot market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Payload Capacity
7.3.1.2.2. By Application
7.3.1.2.3. By Industry
7.3.2. Canada Collaborative robot market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Payload Capacity
7.3.2.2.2. By Application
7.3.2.2.3. By Industry
7.3.3. Mexico Collaborative robot market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Payload Capacity
7.3.3.2.2. By Application
7.3.3.2.3. By Industry
8. Asia-Pacific Collaborative robot market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Payload Capacity
8.2.2. By Application
8.2.3. By Industry
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Collaborative robot market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Payload Capacity
8.3.1.2.2. By Application
8.3.1.2.3. By Industry
8.3.2. India Collaborative robot market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Payload Capacity
8.3.2.2.2. By Application
8.3.2.2.3. By Industry
8.3.3. Japan Collaborative robot market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Payload Capacity
8.3.3.2.2. By Application
8.3.3.2.3. By Industry
8.3.4. South Korea Collaborative robot market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Payload Capacity
8.3.4.2.2. By Application
8.3.4.2.3. By Industry
8.3.5. Australia Collaborative robot market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Payload Capacity
8.3.5.2.2. By Application
8.3.5.2.3. By Industry
8.3.6. Singapore Collaborative robot market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Payload Capacity
8.3.6.2.2. By Application
8.3.6.2.3. By Industry
8.3.7. Malaysia Collaborative robot market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Payload Capacity
8.3.7.2.2. By Application
8.3.7.2.3. By Industry
9. Europe Collaborative robot market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Payload Capacity
9.2.2. By Application
9.2.3. By Industry
9.2.4. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Collaborative robot market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Payload Capacity
9.3.1.2.2. By Application
9.3.1.2.3. By Industry
9.3.2. United Kingdom Collaborative robot market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Payload Capacity
9.3.2.2.2. By Application
9.3.2.2.3. By Industry
9.3.3. France Collaborative robot market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Payload Capacity
9.3.3.2.2. By Application
9.3.3.2.3. By Industry
9.3.4. Italy Collaborative robot market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Payload Capacity
9.3.4.2.2. By Application
9.3.4.2.3. By Industry
9.3.5. Spain Collaborative robot market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Payload Capacity
9.3.5.2.2. By Application
9.3.5.2.3. By Industry
9.3.6. Poland Collaborative robot market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Payload Capacity
9.3.6.2.2. By Application
9.3.6.2.3. By Industry
9.3.7. Denmark Collaborative robot market Outlook
9.3.7.1. Market Size & Forecast
9.3.7.1.1. By Value
9.3.7.2. Market Share & Forecast
9.3.7.2.1. By Payload Capacity
9.3.7.2.2. By Application
9.3.7.2.3. By Industry
10. South America Collaborative robot market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Payload Capacity
10.2.2. By Application
10.2.3. By Industry
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Collaborative robot market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Payload Capacity
10.3.1.2.2. By Application
10.3.1.2.3. By Industry
10.3.2. Argentina Collaborative robot market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Payload Capacity
10.3.2.2.2. By Application
10.3.2.2.3. By Industry
10.3.3. Colombia Collaborative robot market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Payload Capacity
10.3.3.2.2. By Application
10.3.3.2.3. By Industry
10.3.4. Peru Collaborative robot market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Payload Capacity
10.3.4.2.2. By Application
10.3.4.2.3. By Industry
10.3.5. Chile Collaborative robot market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Payload Capacity
10.3.5.2.2. By Application
10.3.5.2.3. By Industry
11. Middle East & Africa Collaborative robot market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Payload Capacity
11.2.2. By Application
11.2.3. By Industry
11.2.4. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Arabia Collaborative robot market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Payload Capacity
11.3.1.2.2. By Application
11.3.1.2.3. By Industry
11.3.2. South Africa Collaborative robot market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Payload Capacity
11.3.2.2.2. By Application
11.3.2.2.3. By Industry
11.3.3. UAE Collaborative robot market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Payload Capacity
11.3.3.2.2. By Application
11.3.3.2.3. By Industry
11.3.4. Iraq Collaborative robot market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Payload Capacity
11.3.4.2.2. By Application
11.3.4.2.3. By Industry
11.3.5. Turkey Collaborative robot market Outlook
11.3.5.1. Market Size & Forecast
11.3.5.1.1. By Value
11.3.5.2. Market Share & Forecast
11.3.5.2.1. By Payload Capacity
11.3.5.2.2. By Application
11.3.5.2.3. By Industry
12. Market Dynamics
12.1. Drivers
12.1.1. Increasing Competition within the Collaborative robot marketspace
12.1.2. Faster ROI and low-cost deployment
12.1.3. Increased ease of programming
12.2. Challenges
12.2.1. High standards and regulations
12.2.2. Lack of trained staff for operating robots
13. Market Trends & Developments
13.1. Trends and Developments
13.1.1. Increase in automation in the various verticals across the globe
13.1.2. Positive impact on Collaborative robot markets due to covid-19
13.1.3. Adoption of Robot-as-a-service model
13.1.4. Development of various innovations and technologies such as embedded vision, A.I., and ML, and many such
13.1.5. Increase in applications for manufacturing across the world
14. Company Profiles
14.1. Universal Robots A/S
14.1.1. Business Overview
14.1.2. Key Revenue and Financials (if available)
14.1.3. Recent Developments
14.1.4. Key Personnel
14.1.5. Key Product/Services
14.1.6. SWOT Analysis
14.2. Rethink Robotics
14.2.1. Business Overview
14.2.2. Key Revenue and Financials (if available)
14.2.3. Recent Developments
14.2.4. Key Personnel
14.2.5. Key Product/Services
14.2.6. SWOT Analysis
14.3. ASEA Brown Boveri (ABB)
14.3.1. Business Overview
14.3.2. Key Revenue and Financials (if available)
14.3.3. Recent Developments
14.3.4. Key Personnel
14.3.5. Key Product/Services
14.3.6. SWOT Analysis
14.4. KUKA AG
14.4.1. Business Overview
14.4.2. Key Revenue and Financials (if available)
14.4.3. Recent Developments
14.4.4. Key Personnel
14.4.5. Key Product/Services
14.4.6. SWOT Analysis
14.5. FANUC Corporation
14.5.1. Business Overview
14.5.2. Key Revenue and Financials (if available)
14.5.3. Recent Developments
14.5.4. Key Personnel
14.5.5. Key Product/Services
14.5.6. SWOT Analysis
14.6. Robert Bosch GmbH
14.6.1. Business Overview
14.6.2. Key Revenue and Financials (if available)
14.6.3. Recent Developments
14.6.4. Key Personnel
14.6.5. Key Product/Services
14.6.6. SWOT Analysis
14.7. Precise Automation, Inc.
14.7.1. Business Overview
14.7.2. Key Revenue and Financials (if available)
14.7.3. Recent Developments
14.7.4. Key Personnel
14.7.5. Key Product/Services
14.7.6. SWOT Analysis
14.8. MRK-Systeme GmbH
14.8.1. Business Overview
14.8.2. Key Revenue and Financials (if available)
14.8.3. Recent Developments
14.8.4. Key Personnel
14.8.5. Key Product/Services
14.8.6. SWOT Analysis
14.9. F&P Robotics AG
14.9.1. Business Overview
14.9.2. Key Revenue and Financials (if available)
14.9.3. Recent Developments
14.9.4. Key Personnel
14.9.5. Key Product/Services
14.9.6. SWOT Analysis
14.10. Energid Technologies Corporation
14.10.1. Business Overview
14.10.2. Key Revenue and Financials (if available)
14.10.3. Recent Developments
14.10.4. Key Personnel
14.10.5. Key Product/Services
14.10.6. SWOT Analysis
15. Strategic Recommendations
15.1. Focus on emerging technologies and development
15.2. Focus on new product developments
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        PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.

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