Global Collaborative Robots Market Size is Projected to Reach USD 17100 Million by 2025, at a CAGR of 52.4% - Valuates Reports

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Nov 26, 2019, 07:41 ET

BANGALORE, India, Nov. 26, 2019 /PRNewswire/ --

GLOBAL COLLABORATIVE ROBOT MARKET ANALYSIS:

The ongoing development of the automation industry is expected to fuel the growth of the global collaborative robot sector. In various end-user industries, the safety of these robots has increased their demand because they can work efficiently in tandem with the human workforce.

The market size for Collaborative Robots was valued at US$ 590 million in 2018 and is projected to reach US$ 17100 million by 2025, at a CAGR of 52.4% over the forecast period.

Due to their high return on investment and low overall costs, collaborative robots have become conventional, attracting many small and medium-sized enterprises (SMEs).

Demand for collaborative robotics is highly dependent on the growth of the automation industry. In 2016, Universal Robots accounted for 47.60% of the global market share of collaborative robots in sales. Certain companies, including ABB and Rethink Robotics, accounted for 18.41 per cent, 12.30 per cent respectively.

The market is influenced not only by the price but also by the performance of the product. The leading companies have the benefits of improved performance, plentiful product types, better technical and impeccable after-sales service. As a result, they take most of the high-end market share.

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TRENDS INFLUENCING THE GLOBAL COLLABORATIVE ROBOT MARKET SHARE

Market growth is driven mainly by the increasing demand for light, as well as a medium payload capacity of co-bots due to their ease of deployment, high adaptability, affordability and plug-and-play functionality.

REGION WISE GLOBAL COLLABORATIVE ROBOT MARKET ANALYSIS

Europe accounted for the largest market share of the collaborative robot in 2017, followed closely by APAC and North America.
The development of the European market was driven by robust government funding to encourage the use of automation technologies for factories, thus supporting the adoption of Industry 4.0. Nonetheless, it is predicted that the APAC market will overtake the European market by 2018.
Many governments in APAC have established safety standards for the use of co-bots on the factory floor. Therefore, the market is growing its scope with the introduction of these policies. Security is a major concern in APAC, and increasing focus has been placed on co-bots deployment.

Global Collaborative Robots market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Collaborative Robots Production by Region

United States
Europe
China
Japan
Other Regions

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Collaborative Robots Breakdown Data by Competitors

Universal Robots
Rethink Robotics
ABB
Fanuc
KUKA
Kawasaki
Others

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Collaborative Robots Breakdown Data by Type

Upto 5kg
5~10 kg
Above 10kg

Collaborative Robots Breakdown Data by Application

Automotive
Electronics
Metal and Machining
Plastic and Polymers
Food and Beverages
Others

The study objectives Global Collaborative Robots market are:

To analyze and research the global Collaborative Robots status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Collaborative Robots manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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In this study, the years considered to estimate the market size of Collaborative Robots :

History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

Global Collaborative Robots market report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Collaborative Robots market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, companies, types and applications, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

REPORTS RELATED TO COLLABORATIVE ROBOT MARKET:

Global Assistive Robotics Market:

Global Assistive Robotics Market is expected to grow from USD 3926.45 Millions in 2018 to USD 17650.24 Millions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 23.95%.

https://reports.valuates.com/market-reports/360I-Auto-3X35/global-assistive-robotics

Global Social Robots Market:
Global Social Robots Market is expected to grow from USD 320.68 Millions in 2018 to USD 836.49 Millions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 14.67%.
https://reports.valuates.com/market-reports/360I-Auto-3O10/global-social-robots

Robotics Technology Market : https://reports.valuates.com/market-reports/ALLI-Auto-0O15/robotics-technology

Global Construction Robots Market:
Construction Robots market was valued at 200 Million US$ in 2018 and is projected to reach 420 Million US$ by 2025, at a CAGR of 10.0% during the forecast period.
https://reports.valuates.com/market-reports/QYRE-Auto-0311/global-construction-robots

Industrial robot Market : https://reports.valuates.com/market-reports/QYRE-Auto-3L477/global-industrial-robot

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