Industrial Automation Magazine India

New evolving application areas for collaborative robots presents opportunities

Published on : Monday 02-11-2020

Research and Markets adds Worldwide Collaborative Robot Industry to 2025 report to its offering.

Dublin, November 2020 – The ‘Global Collaborative Robot (Cobot) Market: Focus on Payload, Application Sales Channel, Component, and Industry – Analysis & Forecast, 2020-2025’ report has been added to ResearchAndMarkets.com's offering.

The collaborative robot industry analysis projects the market to grow at a significant CAGR of 30.37% on the basis of volume during the forecast period from 2020 to 2025.

The global collaborative robot market has gained widespread importance due to the growing need for improved productivity, speed, and efficiency, a continuous decrease in the size of the available workforce, and overcoming the safety concerns for labour working around robots in shared workplaces. Furthermore, the rise in awareness regarding collaborative robots is propelling their demand, especially in the developing economies.

The collaborative robot market research provides detailed market information for segmentation such as payload, sales channel, component, application, and industry. The purpose of this market analysis is to examine the collaborative robot market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The report further takes into consideration the market dynamics and the competitive landscape, along with the detailed financial and product contribution of the key players operating in the market.

While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the different industries that are analysed, including automotive, electrical, electronics and semiconductor, plastics and polymers, pharma and chemistry, food and beverage, aerospace and defense, metal and machining and other. The report also analyses different applications that include material handling, small parts assembly, CNC machine tending, moulding operations, test and inspection, packaging and palletising, polishing, screw driving, gluing, dispensing, welding, and others. In the payload segment, the market is segmented into different payload types, such as less than 5kg, between 5-9kg, and more than 9kg.

The collaborative robot market is segregated by region under four major regions, namely North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions (by country) is provided.

The key market players in the global collaborative robot market include ABB Ltd (Switzerland), Universal Robot A/S (Denmark), Aubo Robotics (the US), Yaskawa Motoman. (Japan), Bosch Rexroth AG (Germany), Comau SPA (Italy), Denso Robotics, Inc (Japan), Nachi Robotic Systems, Inc. (the US), Precise Automation, Inc (the US), Productive Robotics, Inc (the US), Seiko Epson Corporation (Japan), and Techman Robot (Taiwan).