Global Collaborative Robots Market is Expected to Witness Positive Growth With New Entrant SMEs and Lucrative CAGR of 51.02% by 2025: Qurate Business Intelligence

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Jul 19, 2018, 07:44 ET

PUNE, India, July 19, 2018 /PRNewswire/ --

The Collaborative Robots Market research strives to analyze global market with encyclopedic approach. Furthermore, the report also provides the thorough information about the key aspects such as market driving factors & challenges which will define the future growth of Collaborative Robots Market. In addition, report attempts to breakdown regional markets into micro segments to provide incisive insights to stakeholders including qualitative and quantitative features associated with industry. Research shares valuable information regarding key market players, competitive landscape and product offerings as well. The study encompasses numerous aspects which are considered as key influencers for industry. While coping with growth inhibitors and trying to consolidate, Collaborative Robots Market which was valued approximately USD 169 million in 2016 is projected to grow with a lucrative CAGR of 51.02% during 2017-2025.

Collaborative Robots Market includes following components:

Market definition
Market segments
Key trends
Market Size
Products
Application
Growth prospects
Potential opportunities
PEST analysis (Political, Economic, Social, and Technological factors)
Value chain analysis
Regional breakdown estimates & forecasts
Analysis according to Payload Capacity

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The Main Segments and Sub-segment of the Collaborative Robots Market are Explained Below:

Payload Capacity:

Upto 5Kg
5Kg to 10Kg
Above 10Kg

Application:

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

Industry:

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

Collaborative Robots Market is further segmented into key regions and significant markets within:

North America: United States, Canada
Europe: UK, Germany
Asia Pacific: China, India, Japan
Latin America: Brazil, Mexico
Rest of the World

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Some Major Players in Collaborative Robots Market are:

KUKA AG
MABI AG
FANUC Corp.
ABB Ltd.
Universal Robots
Precise Automation Inc.
AUBO Robotics Inc.
Robert Bosch GmbH
Energid Technologies Corp.
Rethink Robotics

Collaborative Robot is considered as result of enormous effort in 1990s by General Motors led initiative. Initially, cobot was known as Intelligent Assist Device (IAD) when it was perceived in the context of industrial material handling and automated assembly operations. In first decade of 21^st century, Germany based organization known as industrial robot pioneer KUKA launched first cobot LBR 3. Later with more players entering markets, FANUC launched its first cobot with a heavy 35kg payload. Since then many other companies gave entered the Collaborative Robot Market and have become integral part of it.

Target Audience of the Collaborative Robots Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Collaborative robot or cobot is a machine envisioned to physically interact with humans in a common workspace. This concept was designed in contrast with other robots which can operate on their own or under limited guidance. Technology enables this cobot with keeping motive power control within human capacity.

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Collaborative Robots Market is primarily driven by factors such as increasing demand for products from various industries such as automotive, machining and metal processing as well. Safety concerns, familiarity with use of traditional robotic systems and anxiety associated with anticipated economic slowdowns in nations considered as global giants in world may result as hinderance in growth of market. However, technological advancements and development of safety feature may result as solution over this.

Now, when world is witnessing mind boggling furtherance in technology and inventions, Collaborative Robots are assisting human race with efficiency and error free performance within controlled environment. Cobot will save you from unending routine chaos at workplace accompanied with increasing responsibilities which will lead to individuals concentrating on intricacies which really matter a lot than haphazard tasks. With such optimistic environment within business world, new SMEs getting attracted towards industry due to low cost and high ROI, mergers & acquisitions, alliances within key manufacturers and dynamic growth drivers, Collaborative Robots Market may arise as sensation over next few years of this century.

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