Collaborative Robots Market Is Anticipated To Reach $6.77 Billion By 2025: Grand View Research, Inc.

Posted on 2018-07-31 by researchinsights in Automotive, Electronics, Food & Beverage, Pharmaceuticals, Technology // 0 Comments

The global collaborative robots market is expected to reach USD 6.77 billion by 2025, according to a new report by Grand View Research, Inc. The growing interest of Small and Medium-sized Enterprises (SMEs), owing to the low price of cobots, is projected to increase the deployment over the forecast period.

The application of cobots in industries such as automotive, furniture and equipment, metal and machining, plastic and polymers, and food and beverages is expected to drive the market growth over the projected period. The increasing focus of OEMs and consumers on safety of operations, such as gluing and welding, pick & place, and machine tending, is expected to propel cobots’ growth.

Collaborative robots apply advanced technologies, which include collision detection, torques sensing, and elastic actuators, for completing tasks in an efficient manner. The material handling segment is expected to witness a significant growth over the forecast period owing to the rising investments in setting up new manufacturing facilities. The presence of existing manufacturing facilities, decreasing ergonomic hazards for workers, and increasing adoption of cobots for packaging is projected to fuel the market for handling application.

The rising industrial automation in emerging regions such as Asia Pacific and the growing trend of precision and rise in safety-rated manufacturing in developed regions, such as Europe and North America, would enhance the industry growth. Furthermore, regulations for mitigating the imminent collisions and the need for safety fences between human and robots are also important factors for growth. The automotive segment is expected to be the major revenue generating segment owing to the well-established automotive market in China and Japan and the growing demand of passenger cars over the forecast period.

To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/collaborative-robots-market

U.S. collaborative robots market, by payload capacity, 2014 – 2025 (USD Million)

Further key findings from the study suggest:

Cobots are enormously deployed in small and medium-sized enterprises owing to the high adaptability and affordability
Cobots with above 10kg payload capacity are expected to grow significantly owing to their capability of handling higher payload capacity tasks
The material handling segment dominated the market share in 2015 and is expected to grow significantly over the projected period owing to the increasing adaptability and deployment in SMEs
The automotive segment dominated the cobots market and is expected to maintain the dominance over the next four years owing to the well-established automotive industry base in the emerging region
The Asia Pacific collaborative robots market is projected to witness a significant growth over the forecast period, owing to the growing demand in the handling application and automotive industries
The key players in the collaborative robots market include KUKA AG (Germany), FANUC Corporation (Japan), ABB Ltd. (Switzerland), Universal Robots (Denmark), and Robert Bosch GmbH (Germany)

Related Report of Display Technologies:

Grand View Research has segmented the collaborative robots market based on payload capacity, application, industry, and region:

Payload Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

Up to 5kg
Up to 10kg
Above 10kg

Application Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

Assembly
Pick & Place
Handling
Packaging
Quality Testing
Machine Tending
Gluing & Welding
Others

Industry Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

Automotive
Food & Beverage
Furniture & Equipment
Plastic & Polymers
Metal & Machinery
Electronics
Pharmaceuticals
Others

Regional Outlook (Transaction Revenue, USD Billion, 2014 – 2025)

North America
Europe
Asia Pacific
Latin America
MEA

Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-collaborative-robots-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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