Latest published report by fortune business insights titled “Collaborative Robots Market Research Report by 2024?. This report provides an in-depth analysis of the collaborative robots industry, providing information about its current state. It assesses and verifies critical market metrics such as CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and annual growth. This analysis, using both advanced primary and secondary research methods.

Collaborative Robots Market Size, Share & Industry Analysis, By Payload Capacity (Up to 5 Kg, 6-10 Kg, 11 Kg and Above), By Application (Welding, Material Handling, Quality Testing, Painting/Spraying, Assembling, Others), By Industry (Automotive, Electronics & Semi-Conductors, Food & Beverages, Retail, Metal & Machining, Rubber & Plastic, Others), and Regional Forecast, 2021-2028

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Market Overview:

The global collaborative robots market size was valued at USD 979.6 million in 2020 and is projected to grow from USD 1,358.2 million in 2021 to USD 16,387.3 million by 2028, exhibiting a CAGR of 42.7% during the forecast period. The Asia Pacific dominated the collaborative robots market with a share of 23.26% in 2020.

The purpose of this report is to provide market and strategic insights to help decision-makers make informed investment decisions and identify potential gaps and growth opportunities. The Collaborative Robots Market report provides a thorough overview of marketing strategies, allowing leading players to make informed decisions. Report provides depth analysis of collaborative robots industry this analysis, using both advanced primary and secondary research methods, includes:

  • Company Profiles: Learn about major companies’ markets, production capacity, revenues, market shares, recent innovations, and gross profit margins.
  • Examine market dynamics: including drivers, constraints, opportunities, influencers, challenges, and trends.

Collaborative Robots Market Key Players:

  • Universal Robots (Headquarter: – Odense, Denmark)
  • Rethink Robotics GmbH (Headquarter: – Massachusetts, U.S.)
  • Denso Wave Incorporated (Headquarter: – Aichi Prefecture, Japan)
  • Fanuc Corporation (Headquarter: – Yamanashi, Japan)
  • Bosch Rexroth AG (Headquarter: – Lohr a. Main, Germany)
  • ABB (Headquarter: – Zürich, Switzerland)
  • Yaskawa America, Inc.- Motoman Robotics Div. (Headquarter: – Fukuoka, Japan)
  • AUBO Robotics (Headquarter: – Tennessee, U.S.)
  • Stäubli International AG. (Headquarter: – Freienbach, Switzerland)
  • K2 Kinetics (Headquarter: – Pennsylvania, U.S.)
  • Rethink Robotics (U.S.)
  • MABI Robotic (Switzerland)
  • FrankaEmika (Germany)
  • F&P Robotics (Switzerland)
  • Neura Robotics (Germany)

Collaborative Robots Market Drivers:

  • Increased Demand for Automation: The growing need for automation in manufacturing and other industries drives the adoption of collaborative robots to enhance productivity and efficiency.
  • Advancements in Robotics Technology: Innovations in robotics, such as improved sensors, AI, and user-friendly programming, enhance the capabilities and appeal of collaborative robots.
  • Focus on Flexibility and Scalability: The ability of collaborative robots to work alongside human operators and adapt to various tasks makes them attractive for dynamic and evolving production environments.
  • Reduction in Labor Costs: The drive to lower labor costs and address labor shortages encourages the use of collaborative robots for repetitive and mundane tasks, freeing up human workers for more complex roles.
  • Improved Safety and Human-Robot Interaction: Enhanced safety features and intuitive interaction capabilities of collaborative robots make them suitable for integration into existing workflows without requiring extensive safety barriers.

Reasons to Buy This Report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the Collaborative Robots Market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the collaborative robots industry. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Insights:

  • North America (By Payload Capacity, Application, Industry and Country)
    • U.S. (By Payload Capacity)
    • Canada (By Payload Capacity)
  • Europe (By Payload Capacity, Application, Industry and Country)
    • U.K. (By Payload Capacity)
    • Germany (By Payload Capacity)
    • France (By Payload Capacity)
    • Rest of Europe
  • Asia Pacific (By Payload Capacity, Application, Industry and Country)
    • China (By Payload Capacity)
    • Japan (By Payload Capacity)
    • India (By Payload Capacity)
    • Southeast Asia (By Payload Capacity)
    • Rest of Asia Pacific
  • Middle East & Africa (By Payload Capacity, Application, Industry and Country)
    • GCC (By Application)
    • South Africa (By Application)
    • Rest of Middle East & Africa
  • South America (By Payload Capacity, Application, Industry and Country)
    • Brazil (By Payload Capacity)
    • Mexico (By Payload Capacity)
    • Rest of South America

Key Industry Developments

  • ABB Ltd. introduced a “”Wizard Easy Programming”” a block-based programming interface to keeping programming its single-arm YuMi cobot more easy. The company also claimed that it aims to make its cobots easier to set up for those who don’t know how to program, decreasing the entrance barrier.
  • Universal Robots introduced UR+ application kits to make the deployment of Cobots easier for small, medium, and big businesses, as well as innovative solutions at MODEX 2020 that demonstrated the use of cobots to automate difficult-to-staff operations like palletizing and piece-picking.

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Collaborative Robots Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Merger, Acquisitions, and Partnerships
    • Porter’s Five Forces Analysis
    • SWOT Analysis
    • Technological Developments
    • Value Chain Analysis

TOC Continued…!

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