The increased ease of programming of collaborative robots drives adoption

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Global market for collaborative robots (cobots).

Global market for collaborative robots (cobots).

Global market for collaborative robots (cobots).

Dublin, Nov. 23, 2022 (GLOBE NEWSWIRE) — The “collaborative robot (cobot) market by component, payload (up to 5kg, 5-10kg and over 10kg), application (handling, machining), industry (automotive, electronics), Healthcare, Furniture & Equipment) and Geography – Global Forecast to 2028″ has been added to the report ResearchAndMarkets.com offer.

The global collaborative robots (cobots) market is projected to grow from USD 1.1 billion in 2022 to USD 9.2 billion by 2028, at a CAGR of 41.5% during the forecast period 2022 to 2028 The growth of this market is driven by factors such as high return on investment compared to traditional industrial robotic system, collaborative robots benefiting companies of all sizes, easier programming of collaborative robots, and increased demand in the industrial sectors. e-commerce and logistics due to the contingency of COVID-19.

The United States accounted for the largest market share of the collaborative market in North America in 2021

The United States accounted for 73%, by value, of the collaborative market in North America in 2021. The country is also expected to hold the largest share throughout the forecast period. The United States has the largest manufacturing sector in North America. Growing industrial automation across Mexico and the growing divide between skilled workforces and wages are forcing organizations to adopt cost-effective automation tools, which will further boost demand for collaborative robots. They are used in large industries such as automotive and smaller industries such as furniture and equipment. The growing use of collaborative robots has also given rise to emerging manufacturers of collaborative robots such as Productive Robotics, Inc. (US) and Rethink Robotics GmbH (US).

Key Benefits for Buying Ratio:

  • This report includes statistics for the collaborative robots (cobots) market by type, component, payload, application, industry and geography, along with their respective market sizes.

  • The analysis of the value chain and the main trends of the sector have been provided to the market.

  • The major drivers, restraints, opportunities, and challenges for the collaborative robots (cobots) market have been detailed in this report.

  • This report would help the interested parties to better understand their competitors and get more information to improve their standing in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key market players, such as product launches/developments, contracts/collaborations/deals/acquisitions.

Market dynamics

Drivers

  • High return on investment compared to traditional industrial robotic systems

  • Increased demand in the e-commerce and logistics sectors due to COVID-19

  • Providing benefits to businesses of all sizes

  • Ease of programming collaborative robots

Restrictions

Chance

  • Provide significant market opportunities when paired with AMR and AGV

  • Robots-As-A-Service model to accelerate the adoption of collaborative robots

  • Increased demand for automation in healthcare after COVID-19

challenges

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium insights

5 Market overview

6 Collaborative Robots (Cobots) Market, by payload

7 Collaborative Robots (Cobots) Market, by Component

8 Collaborative Robots Market, by Application

9 Collaborative Robots Market, by Industry

10 Geographic analysis

11 Collaborative human-robot operating environment

12 Integration of Cobots and IoT

13 Competitive landscape

14 company profiles

15 Appendix

Companies mentioned

  • ABB

  • Aubo (Beijing) Robotics Technology Co. Ltd.

  • Bosch Rexroth SA

  • Come Terme

  • Denso Corporation

  • Doosan Robotics Inc.

  • Elephant robotics

  • Elite robots

  • F&P Robotics AG

  • Fanuc company

  • Franka Emika GmbH

  • Hanwa Corporation

  • Robot Cassow

  • Kuka AG

  • Mip Robotics

  • Neura Robotics GmbH

  • Omron Adept Technology, Inc.

  • Productive Robotics, LLC

  • Rethinking robotics GmbH

  • Siasun Robot & Automation Co. Ltd.

  • Staubli International AG

  • Techman Robot Inc.

  • Universal Robots A/S

  • Wizo

  • Yaskawa Electric Company

For more information about this report, please visit https://www.researchandmarkets.com/r/bknrxr

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