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Collaborative Robots Market Opportunities & Forecast 2022-2030

The global collaborative robots market size is expected to be worth around US$ 15.20 billion by 2030, according to a new report by Vision Research Reports.

The global collaborative robots market size was valued at US$ 750.1 million in 2020 and is anticipated to grow at a CAGR of 45.6% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 15.20 bn by 2030
Growth Rate CAGR of 45.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Payload, Application, Vertical
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned ABB Group; DENSO Robotics; EPSON Robots; Energid Technologies Corporation; F&P Robotics AG; Fanuc Corporation; KUKA AG; MRK-Systeme GmbH; Precise Automation, Inc.; Rethink Robotics, Inc.; Robert Bosch GmbH; Universal Robots A/S; Yaskawa Electric Corporation; MABI AG; Techman Robot by Quanta Storage, Inc.; Franka Emika GmbH; AUBO Robotics Inc.; and Comau S.p.A.

Growth Factors

 The collaborative robot or cobot is intended to interact with humans in a shared workspace, physically. The growing adoption in the Small and Medium Enterprises (SMEs) and investments in automation of manufacturing processes are the key factor driving growth. Emergence of robots working along with humans in areas like smart parts assembly and electronics product assembly further fuels the demand.

Increasing demand for performing tasks requiring higher payload capacity is expected to contribute to the rising demand. The ability of cobots to work effectively with employees in an uncaged environment has led to an increased installation in the industry. The co-robots are designed with advanced sensors, software, and End of Arm Tooling (EOATs) that help prevent employee injuries.

By Payload Capacity Analysis

Based on payload capacity, the collaborative robots market is segmented into up to 5kg, up to 10kg, and above 10kg. In 2020, cobots with up to 5kg payload capacity segment accounted for the largest market share, attributed to the flexibility, lightweight, and the capacity of the machine to optimize low-weight collaborative processes such as placing, picking, and testing.

Cobots above 10kg payload capacity is expected to witness significant growth, owing to their capability of handling bigger tasks requiring precision, reliability, and collaborating heavier-weight processes. The robots are anticipated to witness an exponential CAGR of 46.2% over the forecast period.

By Application Analysis

The application segment has been further categorized into assembly, pick and place, handling, packaging, quality testing, machine tending, gluing and welding, and others. In 2020, assembly application segment accounted for the largest market share owing to the ability to combine both repetitive and easy work along with more complex assembly processes.

The rising adoption and applications of pick and place collaborative robot is expected to drive the segment growth over the forecast period. The co-robots are used in pick and place applications across verticals to reduce shrinkage and to increase accuracy while handling inventory. Pick and place robots are lightweight, small in size, and can be deployed in limited space.

By Vertical Analysis

Based on vertical, the market has been segmented into automotive, food and beverage, furniture and equipment, plastic and polymers, metal and machinery, electronics, pharmaceuticals, and others. The automotive industry accounted for a market share of 24% in 2020 and is expected to lead over the forecast period.

Growing shift toward automation to save time and cost is a key factor spurring the adoption of robotic materials handling equipment in the automotive industry. The market is expected to remain innovation-led with the introduction of new metals and chemicals that provide cost-efficiency and weight reduction, and low-manufacturing overheads in automobile manufacture.

By Regional Analysis

 Europe is a key revenue-generating region and accounted for a significant market share of around 37% in 2020. The regional growth is attributed to the enormous application of cobots in different verticals such as electronics, logistics, and inspection.

Growing focus on quality and precision of cobots in Asia Pacific has necessitated the implementation of maximum standards, by increasing the deployment of cobots in the region. The ability of the technology to produce better quality products, increased efficiency, reduced wastage, and standardize products is expected to extensively increase the adoption of collaborative robots over the projected period.

Key Players

 ABB Group; DENSO Robotics; EPSON Robots; Energid Technologies Corporation; F&P Robotics AG; Fanuc Corporation; KUKA AG; MRK-Systeme GmbH; Precise Automation, Inc.; Rethink Robotics, Inc.; Robert Bosch GmbH; Universal Robots A/S; Yaskawa Electric Corporation; MABI AG; Techman Robot by Quanta Storage, Inc.; Franka Emika GmbH; AUBO Robotics Inc.; and Comau S.p.A.

Market Segmentation

  • Payload Capacity
    • Up to 5kg
    • Up to 10kg
    • Above 10kg
  • Application
    • Assembly
    • Pick & Place
    • Handling
    • Packaging
    • Quality Testing
    • Machine Tending
    • Gluing & Welding
    • Others
  • Vertical
    • Automotive
    • Food & Beverage
    • Furniture & Equipment
    • Plastic & Polymers
    • Metal & Machinery
    • Electronics
    • Pharma
    • Others
  • Regional
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • The U.K.
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • South America
      • Brazil
    • Middle East and Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Collaborative Robots Market, By Payload Capacity

7.1.  Collaborative Robots Market, by Payload Capacity, 2021-2030

7.1.1.    Up to 5kg

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Up to 10kg

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Above 10kg

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Collaborative Robots Market, By Application

8.1.  Collaborative Robots Market, by Application, 2021-2030

8.1.1.    Assembly

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Pick & Place

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Handling

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Packaging

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Quality Testing

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Machine Tending

8.1.6.1.        Market Revenue and Forecast (2017-2030)

8.1.7.    Gluing & Welding

8.1.7.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Collaborative Robots Market, By Vertical

9.1.  Collaborative Robots Market, by Vertical, 2021-2030

9.1.1.    Automotive

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Food & Beverage

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Furniture & Equipment

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Plastic & Polymers

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Metal & Machinery

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    Electronics

9.1.6.1.        Market Revenue and Forecast (2017-2030)

9.1.7.    Pharma

9.1.7.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Collaborative Robots Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.1.2.  Market Revenue and Forecast, by Application (2017-2030)

10.1.3.  Market Revenue and Forecast, by Vertical (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.2.2.  Market Revenue and Forecast, by Application (2017-2030)

10.2.3.  Market Revenue and Forecast, by Vertical (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Application (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Application (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.3.2.  Market Revenue and Forecast, by Application (2017-2030)

10.3.3.  Market Revenue and Forecast, by Vertical (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Application (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Application (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.4.2.  Market Revenue and Forecast, by Application (2017-2030)

10.4.3.  Market Revenue and Forecast, by Vertical (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Application (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Application (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.5.2.  Market Revenue and Forecast, by Application (2017-2030)

10.5.3.  Market Revenue and Forecast, by Vertical (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Vertical (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Payload Capacity (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Vertical (2017-2030)

Chapter 11.  Company Profiles

11.1.              ABB Group

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              DENSO Robotics

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              EPSON Robots

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Energid Technologies Corporation

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              F&P Robotics AG

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Fanuc Corporation

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              KUKA AG

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              MRK-Systeme GmbH

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Precise Automation, Inc

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Rethink Robotics, Inc.

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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