Collaborative Robot Market: Global Industry Research Report 2020-2027 | Envisage Research
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Collaborative Robot Market - By component (hardware and software), application (Handling, Assembling and Disassembling, Welding and Soldering and Others), By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) and Industry Analysis, Opportunity and Forecast 2021To 2027.

Published Date: May 2021

No. of Pages: 184

Status: Published

Report Code: EMR100630

The global collaborative robot market is projected to grow from USD 981 million in 2020 to USD 8 million by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 42% % during 2021-2027. The collaborative robot or cobot is intended to interact with humans in a shared workspace, physically. The growing adoption in the Small and Medium Enterprises (SMEs) and investments in automation of manufacturing processes are the key factor driving growth. Emergence of robots working along with humans in areas like smart parts assembly and electronics product assembly further fuels the demand.

Increasing demand for performing tasks requiring higher payload capacity is expected to contribute to the rising demand. The ability of cobots to work effectively with employees in an uncaged environment has led to an increased installation in the industry. The co-robots are designed with advanced sensors, software, and End of Arm Tooling (EOATs) that help prevent employee injuries.

Technological developments have led to the advancements across the robotic industry on a notable scale. Initially, these machines were expensive and came with limited or restricted functionalities such as a fixed axis or fixed rotation angles. However, with the advancements in technology, modern-day robots can perform amazing tasks efficiently and at a cheaper price. Moreover, they render a quick Return on Investments (ROI) owing to the optimization of overall expenditures and enhancement of the production rate.

Also, the deployment of robots in industrial practices has resulted in a decreased number of injuries and accidents occurring at workplaces. Also, it has elevated the quality of products and increased profits for a variety of businesses. The statistics and surveys validate the experience of the companies and enterprises adopting collaborative robots have realized huge financial reimbursements.
Industrial robots are witnessing a heavy demand across different industry verticals owing to their advantages and attractive ROI gained from the deployment of industrial robots. The cobots are anticipated to exhibit the fastest growth across the automotive, electronics, packaging and assembling, logistics, and machine tooling applications.

Major companies in the collaborative robot market are Universal Robots (Denmark), Techman Robot (Taiwan), FANUC (Japan), KUKA (Germany), Doosan Robotics (South Korea), AUBO Robotics (US), ABB (Switzerland), YASKAWA (Japan), Precise Automation (US), Rethink Robotics (US). Apart from these, Automata (UK) Productive Robotics (US) are among a few emerging companies in the collaborative robot market.

Analyst Commentary

Handling tasks such as pick and place or palletizing are some of the most mundane and repetitive tasks being performed by human workers today. Human workers are not only prone to errors or damage but also run the risk of contamination when working in industries such as food & beverages and healthcare. Machine tending requires workers to stand for long hours beside a CNC or injection molding machine. Collaborative robots are able to automate a machine tending process during off hours, without any supervision, boosting productivity. Due to the popularity of handling applications, several cobot manufacturers such as KUKA (Germany) and F&P Robotics (Switzerland) offer in-house manufactured grippers as an optional purchase with their robots. Various third-party manufacturers such as Robotiq (Canada) and SCHUNK (Germany) also offer electric or vacuum-enabled collaborative grippers for cobots. Handling tasks are applicable for a wide range of industries, from automotive to furniture.
Many cobot manufacturers are now investing in developing intuitive software programming software, as well as application-specific software. For instance, Universal Robots (Denmark) offers the URCaps programming environment for its collaborative robots. Techman Robot (Taiwan) offers the TM Palletizing Operator and TM Manager Software for its cobots. Low-cost cobot manufacturers, such as Franka Emika (Germany), also offer various software packages through their Franka World online platform. Third-party software companies such as Energrid (US) and Vention (Canada) are also developing various software packages and application-specific plug-ins for collaborative robots. The application-specific software is expected to be a key in facilitating easier and faster deployment of cobots for first time and existing users alike.

Segmentation

The global market is segmented based on component, application and region. On the basis of component the market is segmented into hardware and software. On the basis of application the market is segmented into Handling, Assembling and Disassembling, Welding and Soldering, Others.

Regional Analysis

Europe is a key revenue-generating region and accounted for a significant market share of around 37% in 2018. The regional growth is attributed to the enormous application of cobots in different verticals such as electronics, logistics, and inspection. Also, the regional growth of the cobot technology can be attributed to various advantages such as increased collaboration and efficient manufacturing optimization solutions offered by automation at workplace.

Growing focus on quality and precision of cobots in Asia Pacific has necessitated the implementation of maximum standards, by increasing the deployment of cobots in the region. The ability of the technology to produce better quality products, increased efficiency, reduced wastage, and standardize products is expected to extensively increase the adoption of collaborative robots over the projected period. Furthermore, with a greater emphasis on automation, adoption of artificial intelligence, and all the other requisite technological evolutions, the market has a significant potential to grow rapidly over the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data Sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Engine Powered of Suppliers
3.7.2. Bargaining Engine Powered of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Collaborative Robot Market
Chapter 5. Global Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
5.1. Global Collaborative Robot Market Share, By Application, 2015 - 2027 (USD Million)
5.1.1. Traditional.
5.1.1.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.2. Welding and Soldering
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.3. Assembling and Disassembling
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.4. Others
5.1.4.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 6. Global Collaborative Robot Market Overview, By Component, 2015 - 2027 (USD Million)
6.1. Global Collaborative Robot Market Share, By Form, 2015 - 2027 (USD Million)
6.1.1. Hardware
6.1.1.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.2. Software
6.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
Global Collaborative Robot Market Overview, By Geography, 2015 - 2027 (USD Million)
6.2. Global Collaborative Robot Market Share, By Geography, 2015 - 2027 (USD Million)
6.2.1. Market Size and projections, by Countries, 2015 - 2027 (USD Million)
6.2.2. Market Share and CAGR Comparison, by Countries, 2020 & 2027 (%)
Chapter 7. North America Collaborative Robot Market Overview, By Countries, 2015 - 2027 (USD Million)
7.1. North America Collaborative Robot Market Overview, 2015 - 2027 (USD Million)
7.1.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.2. North America Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
7.1.3. North America Collaborative Robot Market Overview, By Component, 2015 - 2027 (USD Million)
7.1.4. North America Collaborative Robot Market Overview, By Countries, 2015 - 2027 (USD Million)
7.1.4.1. U.S. Collaborative Robot Market Overview, 2015 - 2027 (USD Million)
7.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.4.1.2. U.S. Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
7.1.4.1.3. Other Segments
7.1.4.2. Canada Collaborative Robot Market Overview, 2015 - 2027 (USD Million)
7.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.4.2.2. Canada Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
7.1.4.2.3. Other Segments
7.1.4.3. Mexico Collaborative Robot Market Overview, 2015 - 2027 (USD Million)
7.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.4.3.2. Mexico Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
7.1.4.3.3. Other Segments
Chapter 8. Europe Collaborative Robot Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1. Europe Collaborative Robot Market Overview, 2015 - 2027 (USD Million)
8.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.2. Europe Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.3. Europe Collaborative Robot Market Overview, By Component, 2015 - 2027 (USD Million)
8.1.4. Europe Collaborative Robot Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1.4.1. Germany
8.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.1.2. Germany Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.4.1.3. Others Segments
8.1.4.2. France
8.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.2.2. France Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.4.2.3. Others Segments
8.1.4.3. UK
8.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.3.2. UK Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.4.3.3. Others Segments
8.1.4.4. Italy
8.1.4.4.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.4.2. Italy Collaborative Robot Market Overview, By Application 2015 - 2027 (USD Million)
8.1.4.4.3. Others Segments
8.1.4.5. Spain
8.1.4.5.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.5.2. Spain Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.4.5.3. Others Segments
8.1.4.6. Rest of Europe
8.1.4.6.1. Market size and projections, 2015 – 2025
8.1.4.6.2. Rest of Europe Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.4.6.3. Others Segments
Chapter 9. Asia Pacific Collaborative Robot Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1. Asia Pacific Collaborative Robot Market Overview, 2015 - 2027 (USD Million)
9.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.2. Asia Pacific Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.3. Asia Pacific Collaborative Robot Market Overview, By Component, 2015 - 2027 (USD Million)
9.1.4. Asia Pacific Collaborative Robot Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1.4.1. India
9.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.1.2. India Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.4.1.3. Other Segments
9.1.4.2. China
9.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.2.2. China Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.4.2.3. Other Segments
9.1.4.3. Japan
9.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.3.2. Japan Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.4.3.3. Other Segments
9.1.4.4. South Korea
9.1.4.4.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.4.2. South Korea Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.4.4.3. Other Segments
9.1.4.5. Rest of Asia Pacific
9.1.4.5.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.5.2. Rest of Asia Pacific Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.4.5.3. Other Segments
Chapter 10. Middle East & Africa Collaborative Robot Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1. Middle East & Africa Collaborative Robot Market Overview, 2015 - 2027 (USD Million)
10.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.2. Middle East & Africa Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.3. Middle East & Africa Collaborative Robot Market Overview, By Component, 2015 - 2027 (USD Million)
10.1.4. Middle East & Africa Collaborative Robot Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1.4.1. GCC
10.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.1.2. GCC Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.4.1.3. Other Segments
10.1.4.2. South Africa
10.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.2.2. South Africa Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.4.2.3. Other Segments
10.1.4.3. Rest of Middle East & Africa
10.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.3.2. Rest of Middle East & Africa Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.4.3.3. Other Segments
Chapter 11. South America Collaborative Robot Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1. South America Collaborative Robot Market Overview, 2015 - 2027 (USD Million)
11.1.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.2. South America Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.3. South America Collaborative Robot Market Overview, By Component, 2015 - 2027 (USD Million)
11.1.4. South America Collaborative Robot Market Overview, By Countries, 2015- 2026 (USD Million)
11.1.5. Brazil
11.1.5.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.5.2. Brazil Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.5.3. Other Segments
11.1.6. Argentina
11.1.6.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.6.2. Argentina Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.6.3. Other Segments
11.1.7. Rest of South America
11.1.7.1. Market size and projections, 2015 – 2027
11.1.7.2. Rest of South America Collaborative Robot Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.7.3. Other Segments
Chapter 12. Competitive Landscape
12.1. Competitive environment, 2020
12.2. Strategic framework
12.2.1. Partnership/agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New Distribution channel development
Chapter 13. Key Vendor Analysis
13.1. Universal Robots.
13.1.1. Company overview
13.1.2. Financial performance
13.1.3. Distribution channel Benchmarking
13.1.4. Recent initiatives
13.1.5. SWOT analysis
13.2. Techman Robot
13.2.1. Company overview
13.2.2. Financial performance
13.2.3. Distribution channel Benchmarking
13.2.4. Recent initiatives
13.2.5. SWOT analysis
13.3. FANUC.
13.4. KUKA
13.5. Doosan Robotics
13.6. AUBO Robotics
13.7. ABB
13.8. YASKAWA
13.9. Precise Automation
Chapter 14. Collaborative Robot Market Cost Analysis
14.1. Collaborative Robot Market Key Raw Material Analysis
14.1.1. Key Raw Material
14.1.2. Price Trend of Key Raw Material
14.1.3. Key Suppliers of Raw Material
14.1.4. Market Concentration Rate of Raw Material
Chapter 15. Industrial Chain, Sourcing Strategy and Downstream Buyers
15.1. Collaborative Robot Market Industrial Chain Analysis
15.2. Upstream Raw Material Sourcing
15.3. Raw Material Source of Collaborative Robot Market Major Manufacturers in 2021
15.4. Downstream Buyers
Chapter 16. Marketing Strategy Analysis, Distributors/Traders
16.1. Marketing Channel
16.1.1. Direct Marketing
16.1.2. Indirect Marketing
16.1.3. Marketing Channel Development Trend
16.2. Market Positioning
16.2.1. Pricing Strategy
16.2.2. Brand Strategy
16.3. Distributors/Traders List
Chapter 17. Market Effect Factors Analysis
17.1. Technology Progress/Risk
17.1.1. Substitutes Threat
17.1.2. Technology Progress in Related Distribution channel
17.2. Consumer Needs/Customer Preference Change
17.3. Economic/Political Environmental Change
Chapter 18. Future Outlook of the Market
Disclaimer

List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Engine Powered of Suppliers
5. Engine Powered of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Collaborative Robot Market share, By Application, 2020 & 2027 (%)
10. Global Collaborative Robot Market share, by Traditional., By Application, 2020 & 2027 (USD Million)
11. Global Collaborative Robot Market share, by Welding and Soldering, By Application, 2020 & 2027 (USD Million)
12. Global Collaborative Robot Market share, by Assembling and Disassembling, By Application, 2020 & 2027 (USD Million)
13. Global Collaborative Robot Market share, by Others, By Application, 2020 & 2027 (USD Million)
14. Global Collaborative Robot Market share, By Component, 2020 & 2027 (%)
15. Global Collaborative Robot Market share, by Software, By Component, 2020 & 2027 (USD Million)
16. Global Collaborative Robot Market share, by Hardware, By Component, 2020 & 2027 (USD Million)
17. Global Collaborative Robot Market share, by Region, 2020 & 2027 (%)
18. Global Collaborative Robot Market share, by region, 2020 - 2027(USD Million)
19. North America Collaborative Robot Market , 2020 - 2027(USD Million)
20. North America Collaborative Robot Market share, by Countries, 2020 & 2027 (%)
21. U.S. Collaborative Robot Market , 2020 - 2027(USD Million)
22. Canada Collaborative Robot Market , 2020 - 2027(USD Million)
23. Europe Collaborative Robot Market , 2020 - 2027(USD Million)
24. Europe Collaborative Robot Market share, by Countries, 2020 & 2027 (%)
25. Spain Collaborative Robot Market , 2020 - 2027(USD Million)
26. UK Collaborative Robot Market , 2020 - 2027(USD Million)
27. Italy Collaborative Robot Market , 2020 - 2027(USD Million)
28. Germany Collaborative Robot Market , 2020 - 2027(USD Million)
29. France Collaborative Robot Market , 2020 - 2027(USD Million)
30. Rest of Europe Collaborative Robot Market , 2020 - 2027(USD Million)
31. Asia-Pacific Collaborative Robot Market , 2020 - 2027(USD Million)
32. Asia-Pacific Collaborative Robot Market share, by Countries, 2020 & 2027 (%)
33. China Collaborative Robot Market , 2020 - 2027(USD Million)
34. India Collaborative Robot Market , 2020 - 2027(USD Million)
35. Australia Collaborative Robot Market , 2020 - 2027(USD Million)
36. Japan Collaborative Robot Market , 2020 - 2027(USD Million)
37. Rest of Asia-Pacific Collaborative Robot Market , 2020 - 2027(USD Million)
38. Middle East & Africa Collaborative Robot Market , 2020 - 2027(USD Million)
39. Middle East & Africa Collaborative Robot Market share, by Countries, 2020 & 2027 (%)
40. GCC Collaborative Robot Market , 2020 - 2027(USD Million)
41. South Africa Collaborative Robot Market , 2020 - 2027(USD Million)
42. Rest Of Middle East & Africa Collaborative Robot Market , 2020 - 2027(USD Million)
43. South America Collaborative Robot Market , 2020 - 2027(USD Million)
44. Brazil Collaborative Robot Market , 2020 - 2027(USD Million)
45. Mexico Collaborative Robot Market , 2020 - 2027(USD Million)
46. Argentina Collaborative Robot Market , 2020 - 2027(USD Million)
47. Rest Of South America Collaborative Robot Market , 2020 - 2027(USD Million)

List of Tables

1. Impact of Market drivers
2. Impact of Market restraints
3. Global Collaborative Robot Market , 2020-2027 (USD Million)
4. Global Collaborative Robot requirement, by country, 2020-2027, (USD Million)
5. North America Collaborative Robot Market , By Application, 2020-2027 (USD Million)
6. North America Collaborative Robot Market , By Component, 2020-2027 (USD Million)
7. Europe Collaborative Robot Market , By Application, 2020-2027 (USD Million)
8. Europe Collaborative Robot Market , By Component, 2020-2027 (USD Million)
9. Asia Pacific Collaborative Robot Market , By Application, 2020-2027 (USD Million)
10. Asia Pacific Collaborative Robot Market , By Component, 2020-2027 (USD Million)
11. Middle East & Africa Collaborative Robot Market , By Application, 2020-2027 (USD Million)
12. Middle East & Africa Collaborative Robot Market , By Component, 2020-2027 (USD Million)
13. South America Collaborative Robot Market , By Application, 2020-2027 (USD Million)
14. South America Collaborative Robot Market , By Component, 2020-2027 (USD Million)
15. Global Collaborative Robot Market, Company Market Share, 2020 & 2027(%)
16. Universal Robots : Product Benchmarking
17. Universal Robots : Financial Performance
18. Techman Robot : Product Benchmarking
19. Techman Robot : Financial Performance
20. FANUC. : Product Benchmarking
21. FANUC. : Financial Performance
22. KUKA :Product Benchmarking
23. KUKA :Financial Performance
24. Doosan Robotics : Product Benchmarking
25. Doosan Robotics : Financial Performance
26. The Scotts Miracle-Gro Company: Product Benchmarking
27. The Scotts Miracle-Gro Company: Financial Performance
28. AUBO Robotics : Product Benchmarking
29. AUBO Robotics : Financial Performance
30. YASKAWA : Product Benchmarking
31. YASKAWA : Financial Performance
32. Precise Automation : Product Benchmarking
33. Precise Automation : Financial Performance
34. Heraeus Holding GmbH : Product Benchmarking
35. Heraeus Holding GmbH : Financial Performance

The Leading Key Players in Collaborative Robot Market

Universal Robots (Denmark)
Techman Robot (Taiwan)
FANUC (Japan)
KUKA (Germany)
Doosan Robotics (South Korea)
AUBO Robotics (US)
ABB (Switzerland)
YASKAWA (Japan)
Precise Automation (US)
Rethink Robotics (US). Apart from these
Automata (UK) Productive Robotics (US)