Report Ocean recently released a research report on the COBOT Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global COBOT market size was USD 1.3 billion in 2021. The global COBOT market is forecast to grow to US$ 36.5 billion by 2030, registering a compound annual growth rate (CAGR) of 42 % during the forecast period from 2022 to 2030.
COBOTs are designed to assist humans with specific jobs that are complicated in nature and demand high precision. These robots collaborate with people on a daily basis. These robots are capable of detecting odd behavior in their surroundings. In addition, they also collaborate with humans without leaving their physical space.
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Factors Influencing the Market
The increasing adoption of COBOTs is forecast to fuel market growth. Manufacturing companies are employing collaborative robots with the aim to automate the process. In addition, COBOTs increase productivity, which will fuel market growth.
COBOT is user-friendly in nature and reliant in terms of security. Thus, such properties of COBOTs are forecast to fuel the growth of the global COBOTs market.
The increasing number of launches is forecast to boost the growth of the global cobot market. In 2020, Yaskawa introduced the HC20XP Human-Collaborative Robot. The robot has hand-guided education for quick robot system implementation features. The new collaborative robot is designed for applications where robots must securely work alongside or in close proximity to humans.
The demand for COBOTs is forecast to increase for the tasks that require greater efficiency. In addition, the capacity of COBOTs to work productively with humans is forecast to increase their industrial deployments.
High initial investment associated with COBOTs may hamper the growth of the global COBOTs market.
Market vendors are also entering into partnerships, which is forecast to fuel the growth of the global COBOTs market. HAHN Group, an automation company, purchased DAHL Automation, a robotics integrator specialized in collaborative robot arms, in April 2020. The company aims to expand its services by offering intralogistics and autonomous mobile robots.
COVID-19 Impact Analysis
Robotics and automation are playing an increasingly important role in helping to protect people and handle the supplies that they require as people migrate to remote working and home learning. The robots assist in the disinfection of hospitals. People receive groceries via autonomous deliveries from robots as they adopt social separation. Furthermore, pharmaceutical businesses’ work is also growing due to automated workstations. Thus, the COVID-19 pandemic had a positive on the market.
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Regional Analysis
Europe holds the largest share in the global COBOT market. Regional expansion is credited to the growing use of COBOTs in numerous verticals, such as electronics, logistics, and inspections. Furthermore, an increasing number of launches of productive solutions is forecast to fuel the regional market’s growth.
Competitors in the Market
- EPSON Robots
- F&P Robotics AG
- KUKA AG
- Precise Automation
- Robert Bosch GmbH
- Yaskawa Electric Corporation
- Techman Robot by Quanta Storage
- DENSO Robotics Inc.
- Franka Emika GmbH
- Comau S.p.A
- Energid Technologies Corporation
- Fanuc Corporation
- MRK-Systeme GmbH
- Other Prominent Players
Market Segmentation
By Payload:
- Up to 5 Kg
- Up to 10 Kg
- Above 10 Kg
By Application:
- Assembly
- Pick and Place
- Packaging
- Handling
- Quality Testing
- Machine Tending
- Gluing And Welding
- Others
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On the basis of Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
Chapter 1: Global COBOT Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global COBOT market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global COBOT Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global COBOT market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of COBOT market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the COBOT market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the COBOT market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate COBOT business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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