Collaborative Robot (Cobot) Market Report: Trends, Forecast and Competitive Analysis to 2030

Collaborative Robot (Cobot) Trends and Forecast

The future of the global collaborative robot (cobot) market looks promising with opportunities in the automotive, electronic, metal and machining, plastic and polymer, food and beverage, furniture and equipment, healthcare, and logistic markets. The global collaborative robot (cobot) market is expected to reach an estimated $7.3 billion by 2030 with a CAGR of 30.2% from 2024 to 2030. The major drivers for this market are investments in the automation of production lines, integration of artificial intelligence and machine learning technologies in industrial robots. as well as, rising usage in small and medium enterprises (SMEs).

A more than 150-page report is developed to help in your business decisions.

Collaborative Robot (Cobot) by Segment

The study includes a forecast for the global collaborative robot (cobot) by payload, application, end use, and region.

Collaborative Robot (Cobot) Market by Payload [Shipment Analysis by Value from 2018 to 2030]:

• Up to 5 Kg
• 5-10 Kg
• 10-20 Kg
• More than 20 Kg

Collaborative Robot (Cobot) Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Handling
• Welding and Soldering
• Assembling and Disassembling
• Dispensing
• Processing
• Others

Collaborative Robot (Cobot) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Electronics
• Metal and Machining
• Plastic and Polymer
• Food and Beverage
• Furniture and Equipment
• Healthcare
• Logistics
• Others

Collaborative Robot (Cobot) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Collaborative Robot (Cobot) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies collaborative robot (cobot) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the collaborative robot (cobot) companies profiled in this report include-

• Universal Robots
• FANUC Corporation
• ABB
• Techman Robot
• KUKA
• Doosan Robotics
• Denso Corporation
• Yaskawa Electric
• AUBO

Collaborative Robot (Cobot) Market Insights

Lucintel forecasts that assembling and disassembling will remain the largest segment over the forecast period.

APAC is expected to witness highest growth over the forecast period due to rising industrialization, digitization, and increasing focus in the area on the accuracy and quality of cobots, resulting in the application of strict guidelines in this region.

Features of the Global Collaborative Robot (Cobot) Market

Market Size Estimates: Collaborative robot (Cobot) market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Collaborative robot (Cobot) market size by payload, application, end use, and region in terms of value ($B).

Regional Analysis: Collaborative robot (Cobot) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different payload, application, end use, and regions for the collaborative robot (cobot) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the collaborative robot (cobot) market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the collaborative robot (cobot) market size?

Answer: The global collaborative robot (cobot) market is expected to reach an estimated $7.3 billion by 2030.

Q.2 What is the growth forecast for collaborative robot (cobot) market?

Answer: The global collaborative robot (cobot) market is expected to grow with a CAGR of 30.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the collaborative robot (cobot) market?

Answer: The major drivers for this market are investments in the automation of production lines, integration of artificial intelligence and machine learning technologies in industrial robots. as well as, rising usage in small and medium enterprises (SMEs).

Q4. What are the major segments for collaborative robot (cobot) market?

Answer: The future of the global collaborative robot (cobot) market looks promising with opportunities in the automotive, electronic, metal and machining, plastic and polymer, food and beverage, furniture and equipment, healthcare, and logistic markets.

Q5. Who are the key collaborative robot (Cobot) market companies?

Answer: Some of the key collaborative robot (cobot) companies are as follows:

• Universal Robots
• FANUC Corporation
• ABB
• Techman Robot
• KUKA
• Doosan Robotics
• Denso Corporation
• Yaskawa Electric
• AUBO

Q6. Which collaborative robot (cobot) market segment will be the largest in future?

Answer: Lucintel forecasts that assembling and disassembling will remain the largest segment over the forecast period.

Q7. In collaborative robot (cobot) market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rising industrialization, digitization, and increasing focus in the area on the accuracy and quality of cobots, resulting in the application of strict guidelines in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the collaborative robot (cobot) market by payload (up to 5 kg, 5-10 kg, 10-20 kg, and more than 20 kg), application (handling, welding and soldering, assembling and disassembling, dispensing, processing, and others), end use (automotive, electronics, metal and machining, plastic and polymer, food and beverage, furniture and equipment, healthcare, logistics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?