Collaborative robot or cobot are the robots that have the ability to collaborate with humans, and to enhance the human capabilities. There are various advantages of using collaborative robot such as it is easy to program, easy to install, and are flexible, in terms of adding new tasks. These can increase production of products while cutting costs, and increases safety. Unlike traditional methods that require human labor to perform repetitive tasks, robotics is designed to complete complex work efficiently. Due to its accuracy, robots can do work of several workers that saves time and money.

Global collaborative robot market report is segmented into payload, component, application, end use industry, and region. Based on payload, the market is segmented into up to 5 kg, 6-10 kg, 11 kg, and above 11 kg. Based on component, the market is segmented into hardware and software. Based on application, the market is segmented into welding and soldering, material handling, assembling and disassembling, processing, dispensing/ painting / spraying, and others (molding, quality testing, etc.), Based on end use industry, the market is segmented into healthcare, automotive, food and beverages, metals and machining, plastic and polymers, and others (retail, electronics, furniture and equipment, etc.).

Market Dynamics:

Increasing usage of collaborative robot in various industries such as automotive, food and beverages, metals and machining and others is expected to drive the global f collaborative robot market growth. This technology enables the construction firm to complete tasks in less time, and thus, reduces costs and enhances productivity.

Key features of the study:

• This report provides in-depth analysis of the global collaborative robot market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global collaborative robot market based on the following parameters –company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include ABB, Universal Robots, FANUC Corporation, Techman Robot, AUBO Robotics, KUKA, Kawada Robotics, Productive Robotics, Kawasaki Robotics, Precise Automation, Yaskawa, F&P Robotics, Rethink Robotics, Robert Bosch, MABI Robotic, Siasun, Franka Emika, Hanwha Precision Machinery, Carbon Robotics, Han’s Robot, ST Robotics, and Others
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global collaborative robot market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global collaborative robot market

Detailed Segmentation:

• Global Collaborative Robot Market, By Payload
  • Up to 5 Kg
  • 6-10 Kg
  • 11 kg
  • Above 11 Kg
• Global Collaborative Robot Market, By Component
  • Hardware
  • Software
• Global Collaborative Robot Market, By Application
  • Welding and Soldering
  • Material Handling
  • Assembling and Disassembling
  • Processing
  • Dispensing/ Painting / Spraying
  • Others (Molding, Quality Testing, etc.)
• Global Collaborative Robot Market, By End Use Industry
  • Healthcare
  • Automotive
  • Food and Beverages
  • Metals and Machining
  • Plastic and Polymers
  • Others (Retail, Electronics, Furniture and Equipment, etc.)
• Global Collaborative Robot Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • ABB
  • Universal Robots
  • FANUC Corporation
  • Techman Robot
  • AUBO Robotics
  • KUKA
  • Kawada Robotics
  • Productive Robotics
  • Kawasaki Robotics
  • Precise Automation
  • Yaskawa
  • F&P Robotics
  • Rethink Robotics
  • Robert Bosch
  • MABI Robotic
  • Siasun
  • Franka Emika
  • Hanwha Precision Machinery
  • Carbon Robotics
  • Han’s Robot
  • ST Robotics
  • Others