PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1866222
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1866222
Collaborative Robots MarketIntroduction and Overview
According to SPER market research, 'Global Collaborative Robots Market Size- By Payload Capacity, By Application, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2034' states that the Global Collaborative Robots Market is projected to be worth 34.06 billion by 2034 and is anticipated to surge at a CAGR of 31.88%.
Collaborative robots, or cobots, are made to safely operate alongside human operators, increasing output and efficiency in a variety of sectors. Cobots, in contrast to conventional industrial robots, have sophisticated sensors and safety features that enable them to function without the need for substantial protective barriers. Material handling, assembling, packaging, welding, glueing, and quality control are just a few of the many jobs they can do.
Restraints: The market for collaborative robotics confronts a number of obstacles despite the rising demand for cobots. The expensive initial development cost is a significant barrier that puts pressure on budgets, especially for small and medium-sized businesses.This cost varies depending on payload capacity, safety measures, and necessary customisation. Although cobots are very adaptable and easy to utilize for simple, repetitive chores, their inability to do heavy-duty tasks may limit the market's growth.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Payload Capacity, By Application, By Industry Vertical
Regions covered
North America, Latin America, Asia-Pacific, Europe, Middle East & Africa
Companies Covered
ABB Group, AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD, Comau S.p.A., DENSO Corporation, Energid Technologies Corporation, Epson America Inc., Fanuc Corporation, KUKA AG, Rethink Robotics GmbH, Robert Bosch GmbH, Techman Robot Inc., Universal Robots.
Global Collaborative Robots Market Segmentation:
By Payload Capacity: Based on the Payload Capacity, Global Collaborative Robots Market is segmented as; Up to 5Kg, Up to 10Kg, Above 10Kg.
By Application: Based on the Application, Global Collaborative Robots Market is segmented as; Assembly, Pick & Place, Handling, Packaging, Quality Testing, Machine Tending, Gluing & Welding, Others.
By Industry Vertical: Based on the Industry Vertical, Global Collaborative Robots Market is segmented as; Automotive, Food & Beverage, Furniture & Equipment, Plastic & Polymers, Metal & Machinery, Electronics, Pharma, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.