Global Collaborative Robots Market Size, Share, Trends & Analysis by Payload (Up to 5 Kg, Up to 10 Kg, Above 10 Kg), by Application (Machine Tending, Assembly, Material Handling, Quality Testing, Others), by Industry (Automotive, Electronics & Electrical, Metals & Machining, Food & Beverages, Others), and Region, with Forecasts from 2024 to 2034.

  • Published: July, 2024
  • Pages: 163
  • Format:
  • Report ID: 53315776
  • Industry: Automation

Market Overview

 

The Global Collaborative Robots (Cobots) Market is poised for significant growth, marked by a robust compound annual growth rate (CAGR) of XX.XX%. This sector is projected to expand from a valuation of USD XX.XX million in 2024 to an impressive USD XX.XX million by 2034. The Asia-Pacific (APAC) region is expected to continue its dominance, capturing XX% of the global market share.

 

Collaborative robots, or cobots, are designed for direct human-robot interaction within shared environments. Unlike traditional industrial robots, which operate in isolation from human workers, cobots are engineered with safety in mind, using lightweight materials, rounded edges, and advanced sensors and software to ensure safe operation. The International Federation of Robotics (IFR) categorizes robots into two main groups: industrial robots for automation and service robots for domestic and professional use. Cobots serve diverse applications, from information robots in public areas to logistics and industrial robots. The IFR outlines four levels of collaboration between industrial robots and human workers: coexistence, sequential partnership, cooperation, and responsive collaboration. Typically, in industrial settings, cobots and human workers share the same workspace, performing tasks either independently or sequentially.

 

Market Drivers - Labor Shortages and Cost-Effectiveness

 

• The widespread shortage of skilled labor is a significant driver for the adoption of cobots. Deloitte reports that by 2030, 2.1 million manufacturing jobs may remain unfilled due to the lack of skilled workers. Cobots can bridge this gap by complementing the existing workforce, taking on repetitive and physically demanding tasks, thereby enhancing productivity and reducing human strain.

 

• Cobots also offer cost-effective automation solutions, especially for small and medium-sized enterprises (SMEs) with limited budgets. Unlike traditional industrial robots, which require substantial investments in infrastructure, safety measures, and specialized programming, cobots are less expensive to purchase, easier to maintain, and can be integrated into existing production lines with minimal disruption. According to SNECI, a single cobot can save three times the cost of one worker.

 

• The rise of Industry 4.0 and the digital transformation of industries are driving the adoption of cobots. Technological advancements, such as the Industrial Internet of Things (IIoT), enable cobots to connect seamlessly with nearby machinery, enhancing precision, flexibility, and efficiency. Innovations like 5G network slice allocation optimize mobile network resource usage, thereby improving automation service quality. Moreover, artificial intelligence (AI) algorithms allow cobots to mimic human emotions and decisions, further integrating them into human-centric tasks.

 

A study forecasts that the automation market will reach USD XX.XX billion by 2027, fueled by advancements that enhance cobot operational efficiency, lower operating costs, and improve return on investment (ROI). These advancements enable real-time monitoring, data analytics, and production process optimization, thereby driving the growth of the cobot market.

 

Market Restraints

 

• Despite their advantages, cobots face limitations in terms of power efficiency and speed. Cobots typically operate at speeds of around 1 meter per second, which is considerably slower than traditional industrial robots with similar payload capacities. This lower speed and power efficiency limit their application in heavy-duty manufacturing industries. Consequently, traditional industrial robots with higher speed and payload capacities are often preferred, potentially hindering the market growth of cobots during the forecast period.

 

Opportunities - Adoption in SMEs

 

• SMEs, which constitute 90% of firms worldwide, present a significant opportunity for cobot adoption. Cobots are particularly attractive to SMEs due to their affordability, flexibility, adaptability, easy programming, and space efficiency. They require lower upfront costs, minimal infrastructure changes, and can be quickly integrated into existing workflows. SMEs can easily reprogram and reconfigure cobots to meet evolving production needs, thereby enhancing productivity and responsiveness to market fluctuations. Cobots' enhanced safety features, productivity improvements, and scalability make them a viable solution for SMEs.

 

Market Segmentation Analysis

 

• By Payload

    ○ Up to 5 Kg

    ○ Up to 10 Kg

    ○ Above 10 Kg

 

Cobots with a payload capacity of up to 5 Kg dominate the market due to their versatility, flexibility, and cost-effectiveness. These cobots are lighter, easier to program, and more scalable than heavier robots. They offer safety, ease of use, and adaptability, making them ideal for various industries and human-robot collaboration, leading to efficient production line optimization.

 

• By Application

    ○ Machine Tending

    ○ Assembly

    ○ Material Handling

    ○ Quality Testing

    ○ Others

 

The assembly segment is expected to maintain its leading position over the forecast period.

 

• By Industry

    ○ Automotive

    ○ Electronics & Electrical

    ○ Metals & Machining

    ○ Food & Beverages

    ○ Others

 

The automotive sector currently leads the market with a 33% revenue share. Collaborative robots in automotive manufacturing provide advanced safety features, cost efficiency, and quality control, reducing accidents, improving accuracy, and enhancing overall productivity.

 

Regional Analysis

 

• North America

    ○ U.S.

    ○ Canada

    ○ Mexico

 

• Europe

    ○ Germany

    ○ France

    ○ Italy

    ○ Switzerland

    ○ U.K.

    ○ Rest of Europe

 

• Asia-Pacific

    ○ Japan

    ○ China

    ○ India

    ○ Rest of Asia-Pacific

 

• LAMEA

    ○ Brazil

    ○ Israel

    ○ South Africa

    ○ Saudi Arabia

    ○ Rest of LAMEA

 

Competitive Landscape

 

The Global Collaborative Robots Market features several key players, including:

 

• Techman Robot

• YASKAWA

• ABB

• KUKA

• Denso Corporation

• FANUC

• Universal Robots

• Rethink Robotics

• Doosan Robotics

• F&P Robotics

• Precise Automation

• MIP Robotics

• Wyzo

• Elite Robot

• Neura Robotics

Table of Contents:

 

1. Executive Summary

    1.1. Global Collaborative Robots Market Overview

    1.2. Key Findings

    1.3. Global Collaborative Robots Market Outlook

 

2. Introduction

    2.1. Report Description

    2.2. Research Methodology

    2.3. Scope and Limitations

 

3. Global Collaborative Robots Market Dynamics

    3.1. Global Collaborative Robots Market Drivers

        3.1.1. Advancements in Robotic Technology

        3.1.2. Growing Demand for Automation in Various Industries

        3.1.3. Increasing Adoption of Collaborative Robots in SMEs

    3.2. Global Collaborative Robots Market Restraints

        3.2.1. High Initial Investment

        3.2.2. Technical Challenges and Integration Issues

    3.3. Global Collaborative Robots Market Opportunities

        3.3.1. Expansion in Emerging Markets

        3.3.2. Development of AI and Machine Learning in Robotics

    3.4. Global Collaborative Robots Market Trends

        3.4.1. Rising Collaboration between Humans and Robots

        3.4.2. Emergence of Industry 4.0

 

4. Global Collaborative Robots Market Segmentation

    4.1. By Payload Capacity

        4.1.1. Up to 5 Kg

        4.1.2. Up to 10 Kg

        4.1.3. Above 10 Kg

    4.2. By Application

        4.2.1. Machine Tending

        4.2.2. Assembly

        4.2.3. Material Handling

        4.2.4. Quality Testing

        4.2.5. Others

    4.3. By Industry

        4.3.1. Automotive

        4.3.2. Electronics & Electrical

        4.3.3. Metals and Machining

        4.3.4. Food and Beverages

        4.3.5. Others

 

5. Global Collaborative Robots Market Regional Analysis

    5.1. North America

        5.1.1. Market Overview

        5.1.2. Key Market Trends

        5.1.3. Country-wise Analysis

            5.1.3.1. United States

            5.1.3.2. Canada

    5.2. Europe

        5.2.1. Market Overview

        5.2.2. Key Market Trends

        5.2.3. Country-wise Analysis

            5.2.3.1. Germany

            5.2.3.2. France

            5.2.3.3. United Kingdom

            5.2.3.4. Rest of Europe

    5.3. Asia-Pacific

        5.3.1. Market Overview

        5.3.2. Key Market Trends

        5.3.3. Country-wise Analysis

            5.3.3.1. China

            5.3.3.2. Japan

            5.3.3.3. South Korea

            5.3.3.4. Rest of Asia-Pacific

    5.4. Latin America

        5.4.1. Market Overview

        5.4.2. Key Market Trends

        5.4.3. Country-wise Analysis

            5.4.3.1. Brazil

            5.4.3.2. Mexico

            5.4.3.3. Rest of Latin America

    5.5. Middle East and Africa

        5.5.1. Market Overview

        5.5.2. Key Market Trends

        5.5.3. Country-wise Analysis

            5.5.3.1. GCC Countries

            5.5.3.2. South Africa

            5.5.3.3. Rest of Middle East and Africa

 

6. Global Collaborative Robots Market Competitive Landscape

    6.1. Market Share Analysis

    6.2. Key Players and Their Strategies

    6.3. Recent Developments

    6.4. Strategic Analysis

        6.4.1. Mergers and Acquisitions

        6.4.2. Partnerships and Collaborations

        6.4.3. New Product Launches

 

7. Global Collaborative Robots Market Company Profiles

    7.1. ABB Ltd.

    7.2. FANUC Corporation

    7.3. KUKA AG

    7.4. Universal Robots A/S

    7.5. Rethink Robotics, Inc.

    7.6. Yaskawa Electric Corporation

    7.7. Kawasaki Heavy Industries, Ltd.

    7.8. DENSO Corporation

    7.9. Techman Robot Inc.

    7.10. Other Prominent Players

 

8. Global Collaborative Robots Market Future Outlook and Market Forecast

    8.1. Market Forecast by Value and Volume

    8.2. Market Forecast by Region

    8.3. Expert Opinions and Market Projections

 

9. Conclusion

    9.1. Key Takeaways

    9.2. Recommendations for Stakeholders

 

List of Tables:

 

Table 1. Global Collaborative Robots market - Industry Snapshot & Key Buying Criteria, 2024-2034

Table 2. Global Collaborative Robots Market, By Payload Capacity, 2024-2034 (USD Million)

Table 3. Global Collaborative Robots Market for Upto 5 Kg, By Region, 2024-2034 (USD Million)

Table 4. Global Collaborative Robots Market for Upto 10 Kg, By Region, 2024-2034 (USD Million)

Table 5. Global Collaborative Robots Market for Above 10 Kg, By Region, 2024-2034 (USD Million)

Table 6. Global Collaborative Robots Market, By Application, 2024-2034 (USD Million)

Table 7. Global Collaborative Robots Market for Machine Tending, By Region, 2024-2034 (USD Million)

Table 8. Global Collaborative Robots Market for Assembly, By Region, 2024-2034 (USD Million)

Table 9. Global Collaborative Robots Market for Material Handling, By Region, 2024-2034 (USD Million)

Table 10. Global Collaborative Robots Market for Quality Testing, By Region, 2024-2034 (USD Million)

Table 11. Global Collaborative Robots Market for Others, By Region, 2024-2034 (USD Million)

Table 12. Global Collaborative Robots Market, By Industry, 2024-2034 (USD Million)

Table 13. Global Collaborative Robots Market for Automotive, By Region, 2024-2034 (USD Million)

Table 14. Global Collaborative Robots Market for Electronics & Electrical, By Region, 2024-2034 (USD Million)

Table 15. Global Collaborative Robots Market for Metals & Machining, By Region, 2024-2034 (USD Million)

Table 16. Global Collaborative Robots Market for Food & Beverages, By Region, 2024-2034 (USD Million)

Table 17. Global Collaborative Robots Market for Others, By Region, 2024-2034 (USD Million)

Table 18. Global Collaborative Robots Market, By Region, 2024-2034 (USD Million)

Table 19. North America Collaborative Robots Market, By Country, 2024-2034 (USD Million)

Table 20. North America Collaborative Robots Market, By Payload, 2024-2034 (USD Million)

Table 21. North America Collaborative Robots Market, By End-User, 2024-2034 (USD Million)

Table 22. North America Collaborative Robots Market, BY Application, 2024-2034 (USD Million)

Table 23. Europe Collaborative Robots Market, BY Country, 2024-2034 (USD Million)

Table 24. Europe Collaborative Robots Market, By Payload, 2024-2034 (USD Million)

Table 25. Europe Collaborative Robots Market, By End-User, 2024-2034 (USD Million)

Table 26. Europe Collaborative Robots Market, By Application, 2024-2034 (USD Million)

Table 27. Asia-Pacific Collaborative Robots Market, By Country, 2024-2034 (USD Million)

Table 28. Asia-Pacific Collaborative Robots Market, By Payload, 2024-2034 (USD Million)

Table 29. Asia-Pacific Collaborative Robots Market, By End-User, 2024-2034 (USD Million)

Table 30. Asia-Pacific Collaborative Robots Market, By Application, 2024-2034 (USD Million)

Table 31. LAMEA Collaborative Robots Market, By Country, 2024-2034 (USD Million)

Table 32. LAMEA Collaborative Robots Market, By Payload, 2024-2034 (USD Million)

Table 33. LAMEA Collaborative Robots Market, By End-User, 2024-2034 (USD Million)

Table 34. LAMEA Collaborative Robots Market, By Application, 2024-2034 (USD Million)

Table 35. ABB: COMPANY SNAPSHOT

Table 36. ABB: OPERATING SEGMENTS

Table 37. YASKAWA: COMPANY SNAPSHOT

Table 38. YASKAWA: OPERATING SEGMENTS

Table 39. KUKA: COMPANY SNAPSHOT

Table 40. KUKA: OPERATING SEGMENTS

Table 41. Techman Robot : COMPANY SNAPSHOT

Table 42. Techman Robot : OPERATING SEGMENTS

Table 43. FANUC: COMPANY SNAPSHOT

Table 44. FANUC: OPERATING SEGMENTS

Table 45. Universal Robots: COMPANY SNAPSHOT

Table 46. Universal Robots: OPERATING SEGMENTS

Table 47. Rethink Robotics: COMPANY SNAPSHOT

Table 48. Rethink Robotics: OPERATING SEGMENTS

Table 49. Doosan Robotics: COMPANY SNAPSHOT

Table 50. Doosan Robotics: OPERATING SEGMENTS

Table 51. F&P Robotics: COMPANY SNAPSHOT

Table 52. F&P Robotics: OPERATING SEGMENTS

Table 53. Precise Automation: COMPANY SNAPSHOT

Table 54. Precise Automation: OPERATING SEGMENTS

Table 55. MIP Robotics: COMPANY SNAPSHOT

Table 56. MIP Robotics: OPERATING SEGMENTS

Table 57. Denso Corporation: COMPANY SNAPSHOT

Table 58. Denso Corporation: OPERATING SEGMENTS

Table 59. Wyzo: COMPANY SNAPSHOT

Table 60. Wyzo: OPERATING SEGMENTS

Table 61. Elite Robot: COMPANY SNAPSHOT

Table 62. Elite Robot: OPERATING SEGMENTS

Table 63. Neura Robotics: COMPANY SNAPSHOT

Table 64. Neura Robotics: OPERATING SEGMENTS

 

List of Figures:

 

Figure 1: Global Collaborative Robots Market Size (USD Billion), 2024-2034

Figure 2: Growth Rate of the Collaborative Robots Market (%), 2024-2034

Figure 3: Market Share by Region (North America, Europe, Asia-Pacific, Rest of the World), 2024

Figure 4: Market Share by Industry Vertical (Automotive, Electronics, Healthcare, Logistics, Others), 2024

Figure 5: Market Dynamics: Drivers and Restraints of the Collaborative Robots Market

Figure 6: Porter’s Five Forces Analysis of the Collaborative Robots Market

Figure 7: SWOT Analysis of Key Market Players

Figure 8: Competitive Landscape: Market Share Analysis of Top 10 Players, 2024

Figure 9: Technological Advancements in Collaborative Robots, 2024-2034

Figure 10: Deployment Trends: On-Premise vs. Cloud-Based Collaborative Robots

Figure 11: Revenue Forecast by Region (North America, Europe, Asia-Pacific, Rest of the World), 2024-2034

Figure 12: Revenue Forecast by Industry Vertical (Automotive, Electronics, Healthcare, Logistics, Others), 2024-2034

Figure 13: Adoption Rate of Collaborative Robots by SME vs. Large Enterprises, 2024

Figure 14: Cost-Benefit Analysis of Implementing Collaborative Robots

Figure 15: Impact of COVID-19 on the Collaborative Robots Market

Figure 16: Supply Chain Analysis: Collaborative Robots Market

Figure 17: Key Challenges in the Collaborative Robots Market

Figure 18: Case Study: Successful Implementation of Collaborative Robots in the Automotive Industry

Figure 19: End-User Satisfaction Analysis: Survey Results, 2024

Figure 20: Environmental Impact Assessment of Collaborative Robots

Figure 21: Regional Analysis: Collaborative Robots Market in North America, 2024

Figure 22: Regional Analysis: Collaborative Robots Market in Europe, 2024

Figure 23: Regional Analysis: Collaborative Robots Market in Asia-Pacific, 2024

Figure 24: Future Outlook and Market Opportunities, 2024-2034

Figure 25: Strategic Recommendations for Market Entrants

Figure 26: Regulatory Landscape and Compliance Requirements

Figure 27: Trends in R&D Investment in Collaborative Robots

Figure 28: User Experience: Ease of Integration of Collaborative Robots

Figure 29: Analysis of Return on Investment (ROI) for Collaborative Robots

Figure 30: Innovations in Safety Features of Collaborative Robots

Key Players: (this may not be a complete list and extra companies can be added upon request)

 

ABB

KUKA

Denso Corporation

Techman Robot

YASKAWA

FANUC

Universal Robots

Rethink Robotics

Doosan Robotics

F&P Robotics

Precise Automation

MIP Robotics

Wyzo

Elite Robot

Neura Robotics

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