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Report
Collaborative Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 142 Pages I IMARC Group
Market Overview:
The global collaborative robot market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.8 Billion by 2028, exhibiting a growth rate (CAGR) of 40.8% during 2023-2028.
A collaborative robot, also known as a cobot, is a robot that can learn multiple tasks to assist human beings. It relies on machine vision, cognitive computing, and touch and mobile technologies for being aware about its surroundings through demonstration and reinforcement learning. It consumes less energy than its larger autonomous counterparts and uses collision detection to avoid injuring human coworkers. Additionally, it minimizes errors, increases productivity and offers better operating results. As a result, it finds extensive applications in electronics, automotive, manufacturing and food and beverage (F&B) industries worldwide.
Collaborative Robot Market Trends:
At present, there is a considerable rise in the demand for collaborative robots with high payload capacity across the globe. This, along with the growing automation in different industries, especially in developing economies, represents one of the key factors driving the market. In addition, there is an increase in the integration of torque and force sensing technologies in robots across the globe. This, coupled with the rising employment of collaborative robots for manufacturing purposes, such as on the assembly lines and welding, is impelling the growth of the market. Apart from this, the escalating demand for user-friendly robots, which do not require a highly-skilled workforce to carry out operations, is stimulating the growth of the market. Furthermore, the rising demand for collaborative robots in the packaging industry to enhance their production rates is stimulating the market growth. Besides this, the increasing usage of collaborative robots in the logistics industry to overcome challenges, such as handling complicated work processes and numerous tasks in combinations, is projected to propel their overall sales and profitability in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global collaborative robot market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, payload, application and end use industry.
Breakup by Component:
Hardware
Software
Breakup by Payload:
Upto 5 Kg
5-10 Kg
Above 10 Kg
Breakup by Application:
Material Handling
Pick and Place
Assembly
Palletizing and De-Palletizing
Others
Breakup by End Use Industry:
Automotive
Electronics
Manufacturing
Food and Beverage
Chemicals and Pharmaceutical
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., AUBO (Beijing) Robotics Technology Co. Ltd., DENSO WAVE Incorporated (Denso Corporation), Doosan Robotics Inc. (Doosan Group), Fanuc Corporation, Kawasaki Heavy Industries Ltd., KUKA AG (Midea Group), Omron Corporation, Precise Automation Inc. (Brooks Automation Inc), Rethink Robotics GmbH, TechMan Robot Inc. (Quanta Storage Inc.), Universal Robots (Teradyne Inc) and Yaskawa Electric Corporation.
Key Questions Answered in This Report:
How has the global collaborative robot market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global collaborative robot market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the payload?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global collaborative robot market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Collaborative Robot Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Payload
7.1 Upto 5 Kg
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 5-10 Kg
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Above 10 Kg
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Material Handling
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pick and Place
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Assembly
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Palletizing and De-Palletizing
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End Use Industry
9.1 Automotive
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Electronics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Manufacturing
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Food and Beverage
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Chemicals and Pharmaceutical
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ABB Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 AUBO (Beijing) Robotics Technology Co. Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 DENSO WAVE Incorporated (Denso Corporation)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Doosan Robotics Inc. (Doosan Group)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Fanuc Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Kawasaki Heavy Industries Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 KUKA AG (Midea Group)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Omron Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Precise Automation Inc. (Brooks Automation Inc)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Rethink Robotics GmbH
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 TechMan Robot Inc. (Quanta Storage Inc.)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Universal Robots (Teradyne Inc)
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 Yaskawa Electric Corporation
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
Figure 1: Global: Collaborative Robot Market: Major Drivers and Challenges
Figure 2: Global: Collaborative Robot Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Collaborative Robot Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Collaborative Robot Market: Breakup by Component (in %), 2022
Figure 5: Global: Collaborative Robot Market: Breakup by Payload (in %), 2022
Figure 6: Global: Collaborative Robot Market: Breakup by Application (in %), 2022
Figure 7: Global: Collaborative Robot Market: Breakup by End Use Industry (in %), 2022
Figure 8: Global: Collaborative Robot Market: Breakup by Region (in %), 2022
Figure 9: Global: Collaborative Robot (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Collaborative Robot (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Collaborative Robot (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Collaborative Robot (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Collaborative Robot (Upto 5 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Collaborative Robot (Upto 5 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Collaborative Robot (5-10 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Collaborative Robot (5-10 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Collaborative Robot (Above 10 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Collaborative Robot (Above 10 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Collaborative Robot (Material Handling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Collaborative Robot (Material Handling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Collaborative Robot (Pick and Place) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Collaborative Robot (Pick and Place) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Collaborative Robot (Assembly) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Collaborative Robot (Assembly) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Collaborative Robot (Palletizing and De-Palletizing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Collaborative Robot (Palletizing and De-Palletizing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Collaborative Robot (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Collaborative Robot (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Collaborative Robot (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Collaborative Robot (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Collaborative Robot (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Collaborative Robot (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Collaborative Robot (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Collaborative Robot (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Collaborative Robot (Food and Beverage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Collaborative Robot (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Collaborative Robot (Chemicals and Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Collaborative Robot (Chemicals and Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Collaborative Robot (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Collaborative Robot (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia-Pacific: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia-Pacific: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Collaborative Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Collaborative Robot Market: Breakup by Country (in %), 2022
Figure 89: Middle East and Africa: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Global: Collaborative Robot Industry: SWOT Analysis
Figure 91: Global: Collaborative Robot Industry: Value Chain Analysis
Figure 92: Global: Collaborative Robot Industry: Porter's Five Forces Analysis
Table 1: Global: Collaborative Robot Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Collaborative Robot Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Collaborative Robot Market Forecast: Breakup by Payload (in Million US$), 2023-2028
Table 4: Global: Collaborative Robot Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Collaborative Robot Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 6: Global: Collaborative Robot Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Collaborative Robot Market: Competitive Structure
Table 8: Global: Collaborative Robot Market: Key Players
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