Lewes, DE -- (SBWIRE) -- 07/31/2018 -- Collaborative Robots market will register a 57.7% CAGR in terms of revenue, reach US$ 9080 million by 2023, from US$ 590 million in 2017.

Collaborative robot (Cobots) is a robot intended to physically interact with humans in a shared workspace. In addition, a collaborative robot is less bulky and much easier to operate than other equipment when loads between 50 and 100 kilos must be handled. This is in contrast with other robots, designed to operate autonomously or with limited guidance, which is what most industrial robots were up until the decade of the 2010s. Cobots can have many roles — from autonomous robots capable of working together with humans in an office environment that can ask you for help, to industrial robots having their protective guards removed as they can react to a human presence under EN ISO 10218 or RSA BSR/T15.1.

The continuous development in the automation industry is expected to boost the growth of the global collaborative robot market in the coming years. The safety of these robots has increased their demand in various end-user industries are they can perfectly work in tandem with the human workforce.

Collaborative robots are popular due to their high return on investment and low overall cost, attracting many small and medium sized enterprises (SMEs). Global manufactures mainly distributed in Europe, North America, Japan. Demand for collaborative robots is profoundly dependent on increase in automation industry. Universal Robots accounted for 47.60%of the global collaborative robots sales market share in 2016. Other players accounted for 18.41%, 12.30% including ABB and Rethink Robotics.

The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Over the next five years,study projects that Collaborative Robots will register a 57.7% CAGR in terms of revenue, reach US$ 9080 million by 2023, from US$ 590 million in 2017.

This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Universal Robots
Rethink Robotics
ABB
Fanuc
KUKA
Kawasaki

Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Upto 5kg
5~10 kg
Above 10kg

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Automotive
Electronics
Metal and Machining
Plastic and Polymers
Food and Beverages
Others

Spanning over 122 pages "Forecast of Global Collaborative Robots Market 2023" report covers Collaborative Robots Market Overview, Global Collaborative Robots Sales, Revenue (Value) and Market Share by Players, Global Collaborative Robots Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players Collaborative Robots Sales, Revenue and Price, Europe Top 5 Players Collaborative Robots Sales, Revenue and Price, Asia-Pacific Top 5 Players Collaborative Robots Sales, Revenue and Price, South America Top 5 Players Collaborative Robots Sales, Revenue and Price, Middle East & Africa Top 5 Players Collaborative Robots Sales, Revenue and Price, Global Collaborative Robots Players Profiles/Analysis, Global Collaborative Robots Market Forecast (2018-2023), Collaborative Robots Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.

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