Collaborative Robot Market: Current Analysis and Forecast (2021-2027)

Collaborative Robot Market: Current Analysis and Forecast (2021-2027)

The global collaborative robot market was stood around US$1 billion in 2020 and is expected to showcase the double-digit growth during the forecast period (2021-2027). Increasing focus on ongoing and upcoming trends such as digitization, IoT and Industry 4.0 coupled with the rising number of automotive manufacturing plants and rapid urbanization in the region is driving the growth of the collaborative robot market. For instance: As per Statista, the degree of urban population in 2020 is increasing and expected to have an influential growth rate in the forecasted period as well. Hence, encourage the adoption of collaborative robots for different industries in urbanization region around the world. Moreover, the high Return on Investment (ROI) derived from the deployment of collaborative robots and its benefits for businesses of all sizes in terms of general competitiveness, increased production, and enhanced product quality which in turn would proliferate the market demand for cobots in projected years.

The outbreak of coronavirus pandemic in 2020 has adversely impacted the market share of collaborative robots. The restriction imposed across the globe on travel and shutdown of all the industrial and commercial activities, manufacturing industries, others have disrupted the demand for collaborative robots. However, robotics and automation are playing a very crucial role as the world is continuously fighting the rapid spread of the COVID-19 pandemic in healthcare industry. In addition, industries such as automobile, and manufacturing industries where IoT, robotics solution played an important role has seen slump for a short period in 2020. For instance: China captures 27% of India’s automotive parts import and disruption in the supply-demand ecosystem has halted production process and blocked the investments and cash delays.

Universal Robots, FANUC, ABB, Techman Robot, KUKA, Doosan Robotics, Denso, YASKAWA, Precise Automation, Rethink Robotics, MABI Robotic, FrankaEmika, Comau , F&P Robotics , Stäubli etc, are some of the prominent players operating in the Global Collaborative Robot Market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Component, Hardware Collaborative Robot segment holds the major share”

Based on Component, the market is classified into hardware and software. The hardware segment generated held the significant share in the market in 2020 because it requires a significant amount of fixed and interlocked engineering controls such as robotics arms.

“Amongst End-Use, automotive Segment holds the major share”

Based on End-Use, the market is segmented into electronics, automotive, manufacturing, food and beverages and chemical and pharmaceuticals. In 2020, the automotive segment dominated the collaborative robot’s market. This segment would witness a considerable CAGR during the forecast period (2021-2027F) owing the usage of collaborative robots for a variety of applications such as handling, welding, assembling, and disassembling, dispensing extensively.

“Amongst application, material handling segment holds the major share”

Based on application type, the market is classified into material handling, pick and place, assembly, palletizing and de-palletizing and others. The material handling segment generated prominent revenue share in 2020. Handling tasks such as pick and place or palletizing are among the mundane and repetitive in nature for the human workers. Machine tending requires workers to stand for long hours. Hence, collaborative robots are able to automate a machine tending process during off hours without any supervision, boosting productivity.

“North America represents one of the largest markets of Global Collaborative Robot Market”

For a better understanding of the market dynamics of the Global Collaborative Robot Market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe and Rest of the World. North America dominated the market in 2020. It is majorly attributed to the rise in the robotic surgery in U.S.

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  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry


1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency Used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global COLLABORATIVE ROBOTS Market
2.1.1. Main Objective of the Global COLLABORATIVE ROBOTS Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL COLLABORATIVE ROBOTS MARKET AMID COVID-19
6 GLOBAL COLLABORATIVE ROBOTS MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY Components
7.1. Hardware
7.2. Software
8 MARKET INSIGHTS BY Pay Load
8.1. Less Than 5 Kg
8.2. 5-9 Kg
8.3. 10-20 Kg
8.4. Greater Than 20 kg
9 MARKET INSIGHTS BY End-User
9.1. Electronics
9.2. Automotive
9.3. Manufacturing
9.4. Food and Beverage
9.5. Chemicals and Pharmaceutical
10 MARKET INSIGHTS BY Application
10.1. Material Handling
10.2. Pick and Place
10.3. Assembly
10.4. Palletizing and De-palletizing
10.5. Other (Welding, Painting, Soring, Positioning, etc.)
11 MARKET INSIGHTS BY REGION
11.1. North America COLLABORATIVE ROBOTS Market
11.1.1. United States
11.1.2. Canada
11.1.3. Rest of North America
11.2. Europe COLLABORATIVE ROBOTS Market
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Rest of Europe
11.3. Asia Pacific COLLABORATIVE ROBOTS Market
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. Rest of Asia-Pacific
11.4. Rest of World COLLABORATIVE ROBOTS Market
12 COLLABORATIVE ROBOTS MARKET DYNAMICS
12.1. Market Drivers
12.2. Market Challenges
12.3. Impact Analysis
13 COLLABORATIVE ROBOTS MARKET OPPORTUNITIES
14 COLLABORATIVE ROBOTS MARKET TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
16.1. Demand Side Analysis
16.2. Supply Side Analysis
16.2.1. Top Product Launches
16.2.2. Top Business Partnerships
16.2.3. Top Business Expansions, Investments and Divestitures
16.2.4. Top Merger and Acquisitions
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
18.1. Porter’s Five Forces Analysis
18.1.1. Bargaining power of Supplier
18.1.2. Bargaining power of Buyer
18.1.3. Industry Rivalry
18.1.4. Availability of Substitute
18.1.5. Threat of new Entrants
18.2. Competitive Landscape
18.2.1. Company Shares, By Revenue
19 COMPANY PROFILED
19.1. Universal Robots
19.2. FANUC
19.3. ABB
19.4. Techman Robot
19.5. KUKA
19.6. Doosan Robotics
19.7. Denso
19.8. YASKAWA
19.9. Precise Automation
19.10. Rethink Robotics
20 DISCLAIMER

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