2019-2025 Collaborative Robots Market Report with Depth Analysis
Collaborative robot (Cobots) is a robot intended to physically interact with humans in a shared workspace. In addition, a collaborative robot is less bulky and much easier to operate than other equipment when loads between 50 and 100 kilos must be handled. This is in contrast with other robots, designed to operate autonomously or with limited guidance, which is what most industrial robots were up until the decade of the 2010s. Cobots can have many roles — from autonomous robots capable of working together with humans in an office environment that can ask you for help, to industrial robots having their protective guards removed as they can react to a human presence under EN ISO 10218 or RSA BSR/T15.1.
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Scope of the Report:
The global Collaborative Robots market was 590 million US$ in 2018 and is expected to 17100 million US$ by the end of 2025, growing at a CAGR of 52.4% between 2019 and 2025.
The continuous development in the automation industry is expected to boost the growth of the global collaborative robot market in the coming years. The safety of these robots has increased their demand in various end-user industries are they can perfectly work in tandem with the human workforce. Collaborative robots are popular due to their high return on investment and low overall cost, attracting many small and medium sized enterprises (SMEs).
The Key Manufacturers of Collaborative Robots Market Covered In This Report:
Universal Robots, Rethink Robotics, ABB, Fanuc, KUKA, Kawasaki
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Metal and Machining
Plastic and Polymers
Food and Beverages
Collaborative Robots Market report also splits the market by region:
North America (United States, Canada, Mexico)
South America ( Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.
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In this study, the years considered to estimate the market size of Collaborative Robots are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Global manufactures mainly distributed in Europe, North America, Japan. Demand for collaborative robots is profoundly dependent on increase in automation industry. Universal Robots accounted for 47.60%of the global collaborative robots sales market share in 2016. Other players accounted for 18.41%, 12.30% including ABB and Rethink Robotics.The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
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Key Points sheathed in the Collaborative Robots Market Report Coverage:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financial and recent developments
– Supply chain trends mapping the latest technological advancements
Further, the Collaborative Robots industry research report determines the Marketing Analysis, Regional Marketing Analysis, International Trade Analysis. The market Traders or Distributors with Contact Information by Region and Supply Chain Analysis. That is followed by various business strategies, the report contains essential outcome help could boost the interest level of the individuals in market.