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Collaborative Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global collaborative robot market size reached US$ 1.31 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.82 Billion by 2027, exhibiting a CAGR of 41.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A collaborative robot, also known as a cobot, is a robot that can learn multiple tasks to assist human beings. It relies on machine vision, cognitive computing, and touch and mobile technologies for being aware about its surroundings through demonstration and reinforcement learning. It consumes less energy than its larger autonomous counterparts and uses collision detection to avoid injuring human coworkers. Additionally, it minimizes errors, increases productivity and offers better operating results. As a result, it finds extensive applications in electronics, automotive, manufacturing and food and beverage (F&B) industries worldwide.

Collaborative Robot Market Trends:

At present, there is a considerable rise in the demand for collaborative robots with high payload capacity across the globe. This, along with the growing automation in different industries, especially in developing economies, represents one of the key factors driving the market. In addition, there is an increase in the integration of torque and force sensing technologies in robots across the globe. This, coupled with the rising employment of collaborative robots for manufacturing purposes, such as on the assembly lines and welding, is impelling the growth of the market. Apart from this, the escalating demand for user-friendly robots, which do not require a highly-skilled workforce to carry out operations, is stimulating the growth of the market. Furthermore, the rising demand for collaborative robots in the packaging industry to enhance their production rates is stimulating the market growth. Besides this, the increasing usage of collaborative robots in the logistics industry to overcome challenges, such as handling complicated work processes and numerous tasks in combinations, is projected to propel their overall sales and profitability in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global collaborative robot market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, payload, application and end use industry.

Breakup by Component:

  • Hardware
  • Software
     

Breakup by Payload:

  • Upto 5 Kg
  • 5-10 Kg
  • Above 10 Kg
     

Breakup by Application:

  • Material Handling
  • Pick and Place
  • Assembly
  • Palletizing and De-Palletizing
  • Others
     

Breakup by End Use Industry:

  • Automotive
  • Electronics
  • Manufacturing
  • Food and Beverage
  • Chemicals and Pharmaceutical
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., AUBO (Beijing) Robotics Technology Co. Ltd., DENSO WAVE Incorporated (Denso Corporation), Doosan Robotics Inc. (Doosan Group), Fanuc Corporation, Kawasaki Heavy Industries Ltd., KUKA AG (Midea Group), Omron Corporation, Precise Automation Inc. (Brooks Automation Inc), Rethink Robotics GmbH, TechMan Robot Inc. (Quanta Storage Inc.), Universal Robots (Teradyne Inc) and Yaskawa Electric Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Payload, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., AUBO (Beijing) Robotics Technology Co. Ltd., DENSO WAVE Incorporated (Denso Corporation), Doosan Robotics Inc. (Doosan Group), Fanuc Corporation, Kawasaki Heavy Industries Ltd., KUKA AG (Midea Group), Omron Corporation, Precise Automation Inc. (Brooks Automation Inc), Rethink Robotics GmbH, TechMan Robot Inc. (Quanta Storage Inc.), Universal Robots (Teradyne Inc) and Yaskawa Electric Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global collaborative robot market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global collaborative robot market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the payload?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global collaborative robot market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Collaborative Robot Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Payload
    7.1    Upto 5 Kg
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    5-10 Kg
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Above 10 Kg
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Application
    8.1    Material Handling
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Pick and Place
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Assembly
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Palletizing and De-Palletizing
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by End Use Industry
    9.1    Automotive
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Electronics
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Manufacturing
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Food and Beverage
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Chemicals and Pharmaceutical
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    ABB Ltd.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    AUBO (Beijing) Robotics Technology Co. Ltd.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    DENSO WAVE Incorporated (Denso Corporation)
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Doosan Robotics Inc. (Doosan Group)
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Fanuc Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Kawasaki Heavy Industries Ltd.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    KUKA AG (Midea Group)
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Omron Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Precise Automation Inc. (Brooks Automation Inc)
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Rethink Robotics GmbH
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    TechMan Robot Inc. (Quanta Storage Inc.)
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Universal Robots (Teradyne Inc)
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
        15.3.13    Yaskawa Electric Corporation
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials

List of Figures

Figure 1: Global: Collaborative Robot Market: Major Drivers and Challenges
Figure 2: Global: Collaborative Robot Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Collaborative Robot Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Collaborative Robot Market: Breakup by Component (in %), 2021
Figure 5: Global: Collaborative Robot Market: Breakup by Payload (in %), 2021
Figure 6: Global: Collaborative Robot Market: Breakup by Application (in %), 2021
Figure 7: Global: Collaborative Robot Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: Collaborative Robot Market: Breakup by Region (in %), 2021
Figure 9: Global: Collaborative Robot (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Collaborative Robot (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Collaborative Robot (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Collaborative Robot (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Collaborative Robot (Upto 5 Kg) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Collaborative Robot (Upto 5 Kg) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Collaborative Robot (5-10 Kg) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Collaborative Robot (5-10 Kg) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Collaborative Robot (Above 10 Kg) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Collaborative Robot (Above 10 Kg) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Collaborative Robot (Material Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Collaborative Robot (Material Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Collaborative Robot (Pick and Place) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Collaborative Robot (Pick and Place) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Collaborative Robot (Assembly) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Collaborative Robot (Assembly) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Collaborative Robot (Palletizing and De-Palletizing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Collaborative Robot (Palletizing and De-Palletizing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Collaborative Robot (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Collaborative Robot (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Collaborative Robot (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Collaborative Robot (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Collaborative Robot (Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Collaborative Robot (Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Collaborative Robot (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Collaborative Robot (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Collaborative Robot (Food and Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Collaborative Robot (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Collaborative Robot (Chemicals and Pharmaceutical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Collaborative Robot (Chemicals and Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Collaborative Robot (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Collaborative Robot (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Collaborative Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Collaborative Robot Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Collaborative Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Global: Collaborative Robot Industry: SWOT Analysis
Figure 91: Global: Collaborative Robot Industry: Value Chain Analysis
Figure 92: Global: Collaborative Robot Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Collaborative Robot Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Collaborative Robot Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Collaborative Robot Market Forecast: Breakup by Payload (in Million US$), 2022-2027
Table 4: Global: Collaborative Robot Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Collaborative Robot Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Collaborative Robot Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Collaborative Robot Market: Competitive Structure
Table 8: Global: Collaborative Robot Market: Key Players


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