COLLABORATIVE ROBOT MARKET ANALYSIS

Regional Analysis

Global Collaborative Robot Market- Regional Insights

Global collaborative robot market is regionally segmented into North America, Latin America, Asia Pacific, Europe, Middle East, and Africa.

Among region, Asia Pacific held the dominant position in the global collaborative robot (cobot) market in 2022, accounting for highest share 33.4% in terms of value, followed by Europe and North America. Asia Pacific held a dominant position in the global collaborative robot market in 2022, owing to the presence of leading market players such as Techman Robot, Han’s Robot, Siasun, Doosan Robotics, and others in the region. Europe collaborative robot market is expected to surpass the Asia Pacific collaborative robot market dominance during the forecast period. Growing automotive sector in different countries in Asia Pacific is expected to drive growth of the Asia Pacific collaborative robot market. For instance, In 2020 according to data provided by the Automotive Component Manufactures Association (ACMA), the Indian auto component industry’s turnover accounted for US$ 40,000 million in 2012-13, and is estimated to reach US$ 1,15,000 million by 2020-21.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, and South Africa, North Africa, and Central Africa