Collaborative Robots

Collaborative Robots

Global Collaborative Robots Market to Reach $15.7 Billion by 2030
The global market for Collaborative Robots estimated at US$1.7 Billion in the year 2023, is expected to reach US$15.7 Billion by 2030, growing at a CAGR of 32.4% over the period 2023-2030. Below 5 kg Payload Robots, one of the segments analyzed in the report, is expected to record 30.9% CAGR and reach US$6.5 Billion by the end of the analysis period. Growth in the 5 - 10 kg Payload Robots segment is estimated at 35.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $503.7 Million, While China is Forecast to Grow at 30.5% CAGR
The Collaborative Robots market in the U.S. is estimated at US$503.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 30.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.5% and 27.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 21.2% CAGR.

What to Expect the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 12 Featured) -
  • Energid Technologies Corporation
  • F&P Robotics AG
  • FANUC Corporation
  • KUKA AG
  • Mrk-Systeme GmbH
  • Precise Automation, Inc.
  • Rethink Robotics, Inc.
  • Robert Bosch GmbH
  • Universal Robots A/S
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Global Economic Update
Introduction
Product Overview
Major Application Markets
Benefits and Issues
Collaborative Robots - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Technology Investments in Industrial Production Create Favourable Environment for Collaborative Robots
Annual Investment Estimates and Forecasts in Major Industrial Markets (2016-2021)
Artificial Intelligence Contributes to Advances in Cobot Performance
Collaborative Robots: Playing an Important Role in Industry 4.0 and Industry 5.0
Cobots Leverage on Vision Technology
Demand on Rise for Mobile Cobots
Recent Developments in Collaborative Robots Space
Application of Collaboration Robots on Rise in Food Industry
Material Handling : A Major Application Market
Emphasis on Flexibility in Production Processes Drives Use of Cobots in Automotive Industry
Global Light Vehicle Production Estimates and Forecasts (in Million Units) : 2010-2026)
Global Light Vehicle Production Share Analysis by Segment : 2018 & 2026
Global Passenger Car Sales (in Units) 2016 -2019
Passenger Car Sales Projections (in Million Units) in US, Europe and China: 2017 -2021
eCommerce Fulfillment Emerges as a Significant Opportunity Market for Cobots
Global e-Commerce Sales in US$ billion (2015-2021)
Global e-Commerce as % Percentage of Total Retail Sales (2015-2020)
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Below 5 kg by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 2: World 7-Year Perspective for Below 5 kg by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 3: World Recent Past, Current & Future Analysis for 5 - 10 kg by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 4: World 7-Year Perspective for 5 - 10 kg by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 5: World Recent Past, Current & Future Analysis for Above 10 kg by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 6: World 7-Year Perspective for Above 10 kg by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 7: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 8: World 7-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 9: World Recent Past, Current & Future Analysis for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 10: World 7-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 11: World Recent Past, Current & Future Analysis for Metals & Machining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 12: World 7-Year Perspective for Metals & Machining by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 13: World Recent Past, Current & Future Analysis for Plastics & Polymer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 14: World 7-Year Perspective for Plastics & Polymer by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 15: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 16: World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 17: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 18: World 7-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 19: World Collaborative Robots Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
TABLE 20: World Recent Past, Current & Future Analysis for Collaborative Robots by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 21: World 7-Year Perspective for Collaborative Robots by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
Collaborative Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 22: USA Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 23: USA 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 24: USA Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 25: USA 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
CANADA
TABLE 26: Canada Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 27: Canada 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 28: Canada Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 29: Canada 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
JAPAN
Collaborative Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 30: Japan Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 31: Japan 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 32: Japan Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 33: Japan 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
CHINA
Collaborative Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 34: China Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 35: China 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 36: China Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 37: China 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
EUROPE
Collaborative Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 38: Europe Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 39: Europe 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 40: Europe Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 41: Europe 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
TABLE 42: Europe Recent Past, Current & Future Analysis for Collaborative Robots by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 43: Europe 7-Year Perspective for Collaborative Robots by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
FRANCE
Collaborative Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 44: France Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 45: France 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 46: France Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 47: France 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
GERMANY
Collaborative Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 48: Germany Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 49: Germany 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 50: Germany Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 51: Germany 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
ITALY
TABLE 52: Italy Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 53: Italy 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 54: Italy Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 55: Italy 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
UNITED KINGDOM
Collaborative Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 56: UK Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 57: UK 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 58: UK Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 59: UK 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
REST OF EUROPE
TABLE 60: Rest of Europe Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 61: Rest of Europe 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 62: Rest of Europe Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 63: Rest of Europe 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
ASIA-PACIFIC
Collaborative Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 64: Asia-Pacific Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 65: Asia-Pacific 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 66: Asia-Pacific Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 67: Asia-Pacific 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
REST OF WORLD
TABLE 68: Rest of World Recent Past, Current & Future Analysis for Collaborative Robots by Payload - Below 5 kg, 5 - 10 kg and Above 10 kg - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 69: Rest of World 7-Year Perspective for Collaborative Robots by Payload - Percentage Breakdown of Value Sales for Below 5 kg, 5 - 10 kg and Above 10 kg for the Years 2024 & 2030
TABLE 70: Rest of World Recent Past, Current & Future Analysis for Collaborative Robots by End-Use - Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 71: Rest of World 7-Year Perspective for Collaborative Robots by End-Use - Percentage Breakdown of Value Sales for Automotive, Electronics, Metals & Machining, Plastics & Polymer, Healthcare and Other End-Uses for the Years 2024 & 2030
IV. COMPETITION

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