Business

Cobots Market: A Comprehensive Study of the Industry

Cobots Market Size – USD 680.3 Million in 2019, Market Growth - CAGR of 38.5%, Market Trends –Growing demand for cobots in the wake of COVID-19 pandemic

Mansibade
Mansibade
11 min read

A Global Cobots Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Cobots industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Cobots market, this study covers qualitative and quantitative aspects of the Cobots market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.

 

The global cobots Market is expected to reach USD 9342.8 Million by 2027, according to a new report by Emergen Research. Cobots or Collaborative robots are revolutionizing the human-robot interactions in various end-user industries, including automotive manufacturing, electronics, food & beverage, plastics & polymers, furniture & equipment, healthcare, and logistics industries, among others. Cobots help by functioning side-by-side the human workforce, thereby reducing cost, time, and floor space when compared to traditional robots. Cobots find extensive usage in applications that require precision and helps in achieving a faster return on investment (ROI). For instance, the Franka Emika Panda cobot can perform its operations with a precision of 0.1 mm, as well as its does not stray from its activities and will continuously function with the specified constraints such as in case of the task associated screw tightening, cobots will always accomplish it with the identical pressure and tension ascertaining quality consistency.

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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Cobots industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Cobots industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Cobots industry.

Radical Highlights of the Cobots Market Report:

Comprehensive overview of the Cobots market along with analysis of the changing dynamics of the marketGrowth Assessment of various market segments throughout the forecast periodRegional and global analysis of the market players, including their market share and global positionGrowth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the marketImpact of the technological developments and R&D advancements on the Cobots marketInformation about profit-making strategies and developmental strategies of major companies and manufacturersInsightful information for the new entrants willing to enter the marketDetails and insights about business expansion strategies, product launches, and other collaborationsThe report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Cobots market expected to boost the growth of the industry in the coming years.

Cobots Market Segmentation:

Payload Capacity Outlook (Revenue, USD Billion; 2017-2027)

Less than 5 Kg5 Kg to 10 KgAbove 10 Kg

Application Outlook (Revenue, USD Billion; 2017-2027)

HandlingAssembling & DisassemblingDispensingWelding & SolderingProcessingOthers

End Users Outlook (Revenue, USD Billion; 2017-2027)

AutomotiveElectronicsPlastics & PolymersFurniture & EquipmentMetals & MachiningFood & BeveragesHealthcareOthers

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Cobots market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

FANUC, Aubo Robotics, Universal Robots, Yaskawa, KUKA, Techman Robot, Precise Automation, ABB, Rethink Robotics, and Doosan Robotics

Regional Landscape section of the Cobots report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Additional information offered by the report:

Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.The report elaborates on the global Cobots market size and share governed by the major geographies.It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.It further presents a detailed description of the company profiles of the key market contenders.

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Highlights of Table of Contents (TOC):

Overview of Global Cobots MarketCompetitive analysis of the Cobots marketRegional analysis of Global Cobots market production and revenueRegional analysis of Global Cobots market supply, consumption, and export & importType-based market analysis of global Cobots production, revenue, and price trendsApplication-based analysis of the global Cobots marketManufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Cobots marketConclusion of the research reportAppendix

Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.

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