London, UK -- (SBWIRE) -- 05/10/2019 -- The Global Collaborative Robots Market is expected to increase from USD 177.2 million in 2016, to USD 4,238.3 million in 2023, at a significant CAGR of 57.4% from 2017 to 2023.

Increasing investments in automation by industries to support industry 4.0 revolution (smart production), low price of collaborative robots and high return on investment (ROI) rates are the factors attributing towards the growth of the global collaborative market during the forecast period. The years used for the assessment are as follows;

Historical year : 2015
Base year : 2016
Forecast period : 2017 – 2023

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RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources.
Interacting with key opinion leaders of the market and developing data points based on interaction with them.
Study of past trends in the market and their year on year Impact on the market size and share.
Analyzing the collected data points.
Bridging the data points to calculate the total collaborative robots market and it various segments.
Anticipating potential risks.
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the Collaborative Robots market.
Finalizing the overall size and share for the global collaborative robots market.

OBJECTIVES:

To classify the global collaborative robots market into segments by payload, application, industries and region and analyze their growth prospects individually.
To analyze market trends, opportunities, drivers and restraints associated with the collaborative robots market.
Profiling key companies operating in the global collaborative robots market.
To study market response with respect to the mergers and acquisitions in the industry.

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MARKET SCOPE

The research scope for global Collaborative robots market is as follows:

By Payload
Up to 5 Kg
6-10 Kg
Above 10 Kg

By Application
Packaging
Handling
Quality Testing
Assembly
Machine Testing
Welding
Others

By Industries
Automotive
Food and Beverages
Aerospace
Plastic and Polymers
Metal and Machining
Others

By Region
North America
Europe
Asia-Pacific
Middle East and Africa (MEA)
Latin America

Free Analysis

Collaborative Robots Market is growing at a CAGR of 57.4% and is expected to reach USD 4.4 billion by 2023. Increasing investments in automation by industries to support industry 4.0 revolutions, low price of collaborative robots and high return on investment (ROI) rates are the factors driving the growth of the global collaborative market during the forecast period.

On the basis of payload, the market for collaborative robots with above 10kg payload capacity is expected to be the fastest growing segment during the forecast period. The market for collaborative robots with payload capacity of above 10kg is emerging segment with focus on safety parameters. Assembly application is expected to hold major market share of the global collaborative market during the forecast period. The factors driving the growth of the assembly application of the collaborative robots market are high flexibility of collaborative robots to perform application-specific tasks by changing end effectors and easy embedded programming. Demand from major industries electronics, automotive, and furniture & equipment also fuels the assembly application of the global collaborative market.

Based on the industrial segmentation, the automobile segment holds the major share in the global collaborative robots market. In automotive industry the collaborative robots are used to perform several assembly tasks across the automotive production line. Tasks such as pick and place, packaging and palletizing, machine tending, quality inspection, and material handling are performed in a very efficient and cost effective way with less error. This deployment of collaborative robots in automotive industry reduces production time without affecting the overall layout of the production line. Industrial collaborative robots are designed with advanced sensors, software and technologies so that human workers can operate them with safety and protection to avoid injuries during work environment. These safety features and low cost of collaborative robots are making them popular in the small and medium industries.

Geographically, Europe is expected to hold the major share of the global collaborative robots market followed by North America and Asia-Pacific (APAC) during the forecast period. The factors driving the growth of the collaborative robots market in the European region are strong government support to promote factory automation solutions, thus supporting Industry 4.0 revolution.

Key players in the global collaborative robots market include KUKA AG, ABB, FANUC Corporation, Bosch GmbH, Robert Universal Robots A/S, Rethink Robotics, MRK-Systeme GmbH, Energid Technologies Corporation, F&P Robotics AG, Techman Robot for Quanta Storage Inc., MABI AG, Franka Emika GmbH, AUBO Robotics Inc., YASKAWA Electric Corporation, Comau S.p.A, KAWADA Robotics Corp, and Precise Automation Inc.

Table of Contents

Global Collaborative Robots Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Payload

1.2.2. Market Breakdown, By Application

1.2.3. Market Breakdown, By Industries

1.2.4. Market Breakdown, By Region

1.3. Research Methodology

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Landscape

2.2.1. Market Share

2.2.2. Opportunities

2.2.2.1. Technological advancement and high penetration in several countries

2.2.2.2. Increasing manufacturing sectors seeking for collaborative robots

2.2.3. Trends

2.2.3.1. Safety concerns and light weight & cost effective robots attracts various industries

2.2.3.2. Technological advancements in robotics

2.2.3.3. Robotics monitoring production line and improving productivity

2.2.4. Growth Drivers

2.2.4.1. Increasing demand of automation

2.2.4.2. Higher return on investment (ROI)

2.2.4.3. Lower price of collaborative robots

2.2.5. Impact Analysis of Drivers on Future Forecast of the Market

2.2.6. Restraints of the Market

2.2.6.1. Lack of faster cycle time capability

2.2.7. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. COMPETITIVE LANDSCAPE

3.1. Player Positioning Analysis, 2016

3.2. Key Strategies Adopted by Leading Players

CHAPTER 4. Market Entry Strategy

4.1. Regulatory Affairs

4.2. Competitive Analysis

4.3. Investment Analysis

4.4. Recommendations

CHAPTER 5. Global Collaborative Robots Market Size and Forecast (2013 – 2023)

5.1. Global Collaborative Robots Market, By Payload

5.1.1. Up to 5 Kg

5.1.2. 6-10 Kg

5.1.3. Above 10 Kg

5.2. Global Collaborative Robots Market, By Application

5.2.1. Packaging

5.2.2. Handling

5.2.3. Quality Testing

5.2.4. Assembly

5.2.5. Machine Tending

5.2.6. Welding

5.2.7. Others

5.3. Global Collaborative Robots Market, By Industries

5.3.1. Automotive

5.3.2. Food and Beverages

5.3.3. Aerospace

5.3.4. Plastic and Polymers

5.3.5. Metal and Machining

5.3.6. Others

5.4. Global Collaborative Robots Market, By Region

5.4.1. North America

5.4.2. Europe

5.4.3. Asia-Pacific

5.4.4. Middle East & Africa (MEA)

5.4.5. Latin America

CHAPTER 6. Global Collaborative Robots Market, By Region

6.1. North America Collaborative Robots Market

6.1.1. North America Collaborative Robots Market, By Payload

6.1.2. North America Collaborative Robots Market, By Application

6.1.3. North America Collaborative Robots Market, By Industries

6.1.4. North America Collaborative Robots Market, By Country

6.1.4.1. The U.S.

6.1.4.2. Canada

6.2. Europe Collaborative Robots Market

6.2.1. Europe Collaborative Robots Market, By Payload

6.2.2. Europe Collaborative Robots Market, By Application

6.2.3. Europe Collaborative Robots Market, By Industries

6.2.4. Europe Collaborative Robots Market, By Country

6.2.4.1. Germany

6.2.4.2. France

6.2.4.3. The U.K.

6.2.4.4. Italy

6.2.4.5. Rest of Europe

6.3. Asia-Pacific Collaborative Robots Market

6.3.1. Asia-Pacific Collaborative Robots Market, By Payload

6.3.2. Asia-Pacific Collaborative Robots Market, By Application

6.3.3. Asia-Pacific Collaborative Robots Market, By Industries

6.3.4. Asia-Pacific Collaborative Robots Market, By Country

6.3.4.1. China

6.3.4.2. Japan

6.3.4.3. India

6.3.4.4. Rest of Asia-Pacific

6.4. Middle East & Africa (MEA) Collaborative Robots Market

6.4.1. Middle East & Africa (MEA) Collaborative Robots Market, By Payload

6.4.2. Middle East & Africa (MEA) Collaborative Robots Market, By Application

6.4.3. Middle East & Africa (MEA) Collaborative Robots Market, By Industries

6.4.4. Middle East & Africa (MEA) Collaborative Robots Market, By Country

6.4.4.1. Saudi Arabia

6.4.4.2. UAE

6.4.4.3. South Africa

6.4.4.4. Rest of MEA

6.5. Latin America Collaborative Robots Market

6.5.1. Latin America Collaborative Robots Market, By Payload

6.5.2. Latin America Collaborative Robots Market, By Application

6.5.3. Latin America Collaborative Robots Market, By Industries

6.5.4. Latin America Collaborative Robots Market, By Country

6.5.4.1. Mexico

6.5.4.2. Rest of Latin America

CHAPTER 7. COMPETITIVE ANALYSIS

7.1. Porters Five Forces Analysis

7.1.1. Bargaining Power of Buyers

7.1.2. Bargaining Power of Suppliers

7.1.3. Threat of New Entrants

7.1.4. Intensity of Rivalry

7.1.5. Threat of Substitutes

CHAPTER 8. Key Players and Strategic Developments

8.1. ABB

8.1.1. Business Overview

8.1.2. Product and Service Offering

8.1.3. Financial Overview

8.1.4. Strategic Developments

8.2. Kuka AG

8.2.1. Business Overview

8.2.2. Product and Service Offering

8.2.3. Financial Overview

8.2.4. Strategic Developments

8.3. Bosch Gmbh

8.3.1. Business Overview

8.3.2. Product and Service Offering

8.3.3. Financial Overview

8.3.4. Strategic Developments

8.4. FANUC Corporation

8.4.1. Business Overview

8.4.2. Product and Service Offering

8.4.3. Financial Overview

8.4.4. Strategic Developments

8.5. Rethink Robotics

8.5.1. Business Overview

8.5.2. Product and Service Offering

8.5.3. Financial Overview

8.5.4. Strategic Developments

8.6. MABI AG

8.6.1. Business Overview

8.6.2. Product and Service Offering

8.6.3. Financial Overview

8.6.4. Strategic Developments

8.7. AUBO Robotics Inc.

8.7.1. Business Overview

8.7.2. Product and Service Offering

8.7.3. Financial Overview

8.7.4. Strategic Developments

8.8. YASKAWA Electric Corporation

8.8.1. Business Overview

8.8.2. Product and Service Offering

8.8.3. Financial Overview

8.8.4. Strategic Developments

8.9. KAWADA Robotics Corp

8.9.1. Business Overview

8.9.2. Product and Service Offering

8.9.3. Financial Overview

8.9.4. Strategic Developments

8.10. Precise Automation Inc.

8.10.1. Business Overview

8.10.2. Product and Service Offering

8.10.3. Financial Overview

8.10.4. Strategic Developments

CHAPTER 9. Research Approach

9.1. Initial Data Search

9.2. Secondary Research

9.3. Primary Research

9.4. Scope and Assumptions

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