DecisionDatabases.com adds a new research report on “Global Collaborative Robots Market Research Report – Industry Analysis, Size, Share, Growth, Trends And Forecast“. The report does an in-depth study of the current market dynamics and future projections using analytical tools such as Porter’s Five Forces Model, value chain analysis, market attractiveness analysis, company share analysis, and brand share analysis.
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Collaborative robots, also known as “cobots” are the robotic systems to carry out processes without direct intervention of humans. These robots are easy,safe and inexpensive in use. They can effortlessly adapt new tasks and make them appropriate to small-batch manufacturing and shortens the product cycle.
A glimpse of the major drivers and restraints affecting this market is mentioned below:
> Higher Roi and low price of collaborative robots are attracting small-and medium-sized enterprises (SMEs)
> Growth in investments for automation in industries
> Lack of capabilities related to faster cycle time and repeatability
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The growing demand of these robots among SMEs due to its low price and higher returns on investment is expected to drive the Collaborative Robots Market demand over the coming years. In addition, increasing application scope in the automotive & electronics sector along with the growing investments in automation industries will further aid to the market growth for collaborative robots under the study period.
The increasing usage of collaborative robots for various personal and professional applications across different verticals of industries such as metal and machines, food and beverages, furniture and equipment and plastic & polymers is also expected to foster market demand in forthcoming years. Furthermore, the rising focus on consumer’s safety offered by these robots in the field of automation & manufacturing is anticipated to open new market avenues for cobots market growth.
Collaborative robots are more flexible than industrial robots and can adjust to changeable and smaller necessities of production. These robots are more human-friendly and have controlled motor power to avoid accidental contact with human beings. These robots also find applications in farming industry such as harvesting, packaging, and grafting by incorporating automation in the agriculture industry. However, lack of skills related to speedy cycle time and incapability to perform repeated work are major restraints, which may hinder market growth during the forecast period.
The global collaborative robots market has been segmented based on payload capacity into up to 5 kg, up to 10 kg and above 10 kg. The market has been further segmented based on component into hardware and software. The hardware segment has been sub-segmented into the controller, end-effector, drive, sensor and other. Furthermore, the collaborative robots market has been segmented based on application and vertical industry. The above 10 kg payload capacity is a leading segment and is expected to continue its dominance in the coming years due to its growing application scope in manufacturing and automation industry across the globe. The furniture and equipment is a major vertical industry segment and is anticipated to grow at the highest CAGR over the forecast period due to its increasing demand for various applications such as packaging and others.
North America dominate the collaborative robots market and is projected to continue its dominance under the study period on account of growing application in the automotive sector due to its safe manufacturing process and the rising trend of precision. Asia Pacific market is expected to grow significantly over the coming years owing to rising installation of cobots in the furniture & equipment industry and automotive industry coupled with rising adoption of industrial automation in the region.
The industry players that play a key role are ABB (Asea Brown Boveri) Ltd., Kuka AG, Fanuc Corporation, Robert Bosch GmbH, Universal Robots A/S, Rethink Robotics, Inc., Mrk-Systeme GmbH, Precise Automation, Inc., EnergidTechnologies Corporation, and F&P Robotics AG. Robotic manufacturers are continuously developing more effective and efficient robots that are projected to industrial and manufacturing workplaces.The report gives a descriptive account of these companies and its products.
SEGMENTATIONS IN THE REPORT:
1. By Payload Capacity:
> Up to 5 Kg
> Up to 10 Kg
> Above 10 Kg
2. By Component:
– End Effector
3. By Application:
> Pick and Place
> Quality Testing
> Machine Tending
> Gluing and Welding
4. By Vertical Industry:
> Food and Beverage
> Furniture and Equipment
> Plastic and Polymers
> Metal and Machining
> Electronics and Consumer Goods
> Pharma and Chemistry
5. By Geography:
> North America
> Asia Pacific
> Rest of the World
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