Global Collaborative Robots Market 2021-2025

Global Collaborative Robots Market 2021-2025

Technavio has been monitoring the collaborative robots market and it is poised to grow by USD 1.09 bn during 2021-2025, progressing at a CAGR of 16.08% during the forecast period. Our report on the 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 increased adoption rate in SME sector and acquisitions and strategic partnerships among key market players. In addition, increased adoption rate in SME sector is anticipated to boost the growth of the market as well.

The collaborative robots market analysis includes the application segment and geographic landscape.

Technavio's collaborative robots market is segmented as below:

By Application

• Material handling
• Assembly
• Inspection and testing
• Welding
• Painting and dispensing

By Geographical Landscape

• Europe
• APAC
• North America
• South America
• MEA

This study identifies the advantages of collaborative robots over industrial robots 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 report on 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 and Co. KG, Fiat Chrysler Automobiles NV, Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries 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 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. For further information on this report, please visit - https://www.technavio.com/report/collaborative-robots-market-industry-analysis

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 the accurate market growth.