Dublin, June 22, 2021 (GLOBE NEWSWIRE) -- The "Global Collaborative Robots (Cobot) Market: Analysis By End Users, Payload, Component, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
Collaborative Robots or Cobot have been in existence for the last ten years but account for less than 5% of the industrial robots market. However, the adoption of Cobot is likely to see accelerated growth in the next five years because of the shortage of skilled labour force in different manufacturing set-ups, more intelligence to the cobots for handling complex tasks and the Covid pandemic that necessitated social distancing among humans. With robots becoming more mobile, more intelligent and more aware of their surroundings, the collaborative robots and exoskeletons are actively taking up tasks in the industrial and consumer related activities.
The Global Collaborative Robot Market was valued at USD 401.25 Million in the year 2020. The reasons attributing to the growth of the market are rapid digitalization, increasing use of emerging automation driven industries in developing countries and rising demand for Collaborative Robots with high payload capacity. Today, business drivers and political/social drivers, in combination with technological advancements, have greatly accelerated the expanded use of Collaborative Robots beyond their traditional industries and traditional roles. The collaborative robotics market is further expected to flourish with increasing government support for automation in industries including, collaborative robotics across the globe. The growing acceptance of collaborative robot with an extensive range of payload capacity such as up to 5 kg, between 5 & 10 kg and more than 10 kg has substantially led to the increasing use of Collaborative robots. Also, the growing demand for Cobots with higher payload capacity can support robotics market in helping consumers to attain more productivity with greater efficiency.
The Covid-19 pandemic has accelerated the usage of robots, leading to a renaissance of industrial production in some regions. Companies around the globe are reassessing their global supply chain business models to better adopt to the post Covid-19 world. This will likely accelerate the introduction of robots as the coronavirus has exposed the limitations of human labor workforce. As the world is continuously fighting the rapid spread of the Covid-19 pandemic, robotics and automation are playing a very crucial role in helping to safeguard the people and in processing the supplies that people need as they are shifting towards remote working and home learning. The cobots are helping in disinfecting the hospitals. Autonomous deliveries from the robots are bringing the supplies to people as they are adopting social distancing. Moreover, automated workstations are speeding up the work of pharmaceutical companies.
The Asia Pacific regional market is expected to become the largest cobots market in the forecast period. The major players operating in the Asia-Pacific Collaborative robots market include ABB Group, Fanuc Corporation, Yamaha Corporation, and Yaskawa Electric Corporation. These players offer a diverse portfolio of robots to cater to the demand of organisations in the region. These vendors have developed affordable, compact, and energy efficient robots for application in small and medium businesses. These players have also acquired and collaborated with other players in the region for portfolio expansion and geographic penetration.
Scope of the Report
- The report analyses the Collaborative Robot Market by value (USD Million) and volume (Unit Sales).
- The report analyses the Collaborative Robot Market by End User (Automotive, Electrical & Semiconductor, Food & beverages, Others)
- The report analyses the Collaborative Robot Market by Component (Hardware, Software).
- The report analyses the Collaborative Robot Market by Payload capacity (Up to 5 Kg, between 5 & 10 Kg, more than 10 Kg).
- The Global Collaborative Robot Market has been analysed By Region (United States, Canada, Mexico, Brazil. Germany, France, U.K, China, Japan, India).
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Payload Capacity, Component, End User
- Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include ABB, Yaskawa Electric Corporation, FANUC Corporation, Kawasaki Robotics, Denso Robotics, Bosch, Kuka, Teradyne Inc, Nachi- Fujikoshi, Omron, Staubli Robotics.
- The report presents the analysis of Collaborative Robot market for the historical period of 2016-2020 and the forecast period of 2021-2026.
Key Topics Covered:
1. Report Scope and Methodology
2. Strategic Recommendations
3. Collaborative Robots Market: Product Overview
4. Collaborative Robots Market: Merger and Acquisitions
5. Global Collaborative Robots Market: An Analysis
5.1 Market Size, By Value, Year 2016-2020
5.2 Market Size, By Value, Year 2021-2026
5.3 Market Size, By Sales Unit, Year 2016-2026
5.4 Impact of COVID-19 on Global Collaborative Robots Market
5.5 Global Economic & Industrial Outlook
6. Global Collaborative Robots Market Segmentation: Analysis By End Users
6.1 Global Collaborative Robots Market: Segment Analysis
6.2 Competitive Scenario of Global Collaborative Robots Market: By End Users (2020 & 2026)
6.3 By Automotive - Market Size and Forecast (2016-2026)
6.4 By Elect. & Semiconductor- Market Size and Forecast (2016-2026)
6.5 By Food & Beverages- Market Size and Forecast (2016-2026)
6.6 By Others - Market Size and Forecast (2016-2026)
7. Global Collaborative Robots Market: Segment Analysis
7.1 Global Collaborative Robots Market Segmentation, By Payload
7.2 Competitive Scenario of Global Collaborative Robots Market: By Payload (2020 & 2026)
7.3 Upto 5 Kg - Market Size and Forecast (2016-2026)
7.4 Between 5 & 10 Kg - Market Size and Forecast (2016-2026)
7.5 More than 10 Kg - Market Size and Forecast (2016-2026)
8. Global Collaborative Robots Market: Segment Analysis
8.1 Competitive Scenario of Global Collaborative Robots Market: By Component (2016 & 2026)
8.2 By Hardware - Market Size and Forecast (2016-2026)
8.3 By Software - Market Size and Forecast (2016-2026)
9. Global Collaborative Robots Market: Regional Analysis
9.1 Competitive Scenario of Global Collaborative Robots Market: By Region (2016 & 2026)
10. Americas Collaborative Robots Market: An Analysis
11. Europe Collaborative Robots Market: An Analysis
12. Asia Pacific Collaborative Robots Market: An Analysis
13. Global Collaborative Robots Market Dynamics
13.1 Global Collaborative Robots Market Drivers
13.2 Global Collaborative Robots Market Restraints
13.3 Global Collaborative Robots Market Trends
14. Market Attractiveness and Strategic Analysis
14.1 Market Attractiveness
14.1.1 Market Attractiveness Chart of Global Collaborative Robots Market - By End Users (Year 2026)
14.1.2 Market Attractiveness Chart of Global Collaborative Robots Market - By Payload (Year 2026)
14.1.3 Market Attractiveness Chart of Global Collaborative Robots Market - By Component (Year 2026)
14.1.4 Market Attractiveness Chart of Global Collaborative Robots Market - By Region, Year-2026)
15. Competitive Landscape
15.1 Market Share of global leading companies
15.2 SWOT Analysis
15.3 Porteris Five Force Analysis
16. Company Profiles (Business Description, Financial Analysis, Business Strategy)
16.1 ABB
16.2 Yaskawa Electric Corporation
16.3 FANUC Corporation
16.4 Kawasaki Robotics
16.5 Denso Robotics
16.6 Bosch
16.7 Kuka
16.8 Teradyne Inc.
16.9 Nachi- Fujikoshi
16.10 Staubli
For more information about this report visit https://www.researchandmarkets.com/r/fcjvt6