NEW YORK, Feb. 26, 2020 (GLOBE NEWSWIRE) -- The global collaborative robot or cobot market is expected to reach USD 12.5 billion by 2025, growing at a CAGR of 50.0% during the forecast period.
Industry Insights by Payload Capacity (Up to 5 Kg, Between 5 and 10 Kg, Above 10 Kg), by Component (Hardware and Software), by Application (Material Handling, Parts Assembly, Molding Operations, Testing and Inspection, Processing, Packaging and Palletizing, Dispensing, Soldering & Welding, and Others), by End-User (Automotive, Electrical & Electronics, Metals & Mining, Plastics & Polymers, Food & Beverages, Pharmaceuticals & Healthcare, and Others)
Currently, more than 40% of the market is captured by the less than 5 kg payload capacity cobots. However, these is immense rise in the demand for high-payload-capacity cobots in automotive, metal & mining, and other large-scale industries will bring numerous new opportunities in the cobots market.
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Automotive segment held the largest share in the collaborative robot or cobot market in 2019
On the basis of end-user, the market is segmented as automotive, electrical & electronics, metals & mining, plastics & polymers, food & beverages, pharmaceuticals & healthcare and Others. Automotive segment is expected to account the highest market share in current year and is expected to grow at fastest rate with numerous applications of cobots.
Geography Insight
Geographically, APAC, is the largest and fastest growing collaborative robot market surpassing Europe in last two years. Industrial revolution in China, Japan, India and other South-East Asian countries has increased robotics integration in various applications. Further, government and private firm investments in these countries will further up surge the growth of the collaborative robot market in years to come.
Competitive Insight
Some of the key players operating in the collaborative robot market are ABB Ltd., Universal Robots, Rethink Robotics, Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Mrk-Systeme GmbH, Precise Automation, Inc., F&P Robotics AG, and Franka Emika GmbH.
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Key Takeaway from the Report:
- Among all the payload capacity, up to 5 kg segment captures highest market share in 2019 and is expected to grow at fastest rate during the forecast period.
- Of all the component, hardware accounted for the foremost share in the collaborative robot or cobot market in 2019.
- Among all the application, the assembly application segment accounted for a foremost share in the collaborative robot or cobot market in 2019.
- Of all end-user, automotive segment is expected to account the highest market share in current year and is expected to grow at fastest rate during the forecast period.
The Report Offers:
- Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
- Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
- Market insights by in-depth segmentation with industry dynamics.
- Competitive analysis and benchmarking of the industry leaders and their product offerings
- Profiles of leading players and innovators, their financial overview and product portfolio
- Analysis of key industry trends and recent developments
- Value chain analysis and distribution channel analysis with opportunity assessment
- Market share analysis of major players
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The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global collaborative robot or cobot market on the basis of payload capacity, component, application, end-user, and region.
Global Collaborative Robot or Cobot Market Coverage
Payload Capacity Insight and Forecast 2015 – 2025
- Up to 5 Kg
- Between 5 and 10 Kg
- Above 10 Kg
Component Insight and Forecast 2015 – 2025
- Hardware
- Software
Application Insight and Forecast 2015 – 2025
- Material Handling
- Parts Assembly
- Molding Operations
- Testing and Inspection
- Processing
- Packaging and Palletizing
- Dispensing
- Soldering & Welding
- Others
End-User Insight and Forecast 2015 – 2025
- Automotive
- Electrical & Electronics
- Metals & Mining
- Plastics & Polymers
- Food & Beverages
- Pharmaceuticals & Healthcare
- Other
Geographical Segmentation
Collaborative Robot or Cobot Market by Region
North America
- By Payload Capacity
- By Component
- By Application
- By End-User
- By Country – U.S., Canada, and Mexico
Europe
- By Payload Capacity
- By Component
- By Application
- By End-User
- By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC)
- By Payload Capacity
- By Component
- By Application
- By End-User
- By Country – China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Payload Capacity
- By Component
- By Application
- By End-User
- By Country – Brazil, South Africa, Saudi Arabia, and Other Countries
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