Global Collaborative Robots Market 2020-2024
Technavio has been monitoring the collaborative robots market and it is poised to grow by $ 6.83 bn during 2020-2024 progressing at a CAGR of 51% during the forecast period. Our reports on collaborative robots market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased adoption rate in SME sector and advantages of collaborative robots over industrial robots.
The collaborative robots market analysis includes application segment and geographic landscapes
Technavio's collaborative robots market is segmented as below:
- Material handling
- Inspection and testing
- Painting and dispensing
By Geographic Landscapes
- North America
- South America
This study identifies the acquisitions and strategic partnerships among key market players as one of the prime reasons driving the collaborative robots market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our collaborative robots market covers the following areas:
- Collaborative robots market sizing
- Collaborative robots market forecast
- Collaborative robots market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading collaborative robots market vendors that include ABB Ltd., FANUC Corp., Festo SE & Co. KG, Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., Midea Group Co. Ltd., Robert Bosch GmbH, Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp.. Also, the collaborative robots market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.