Demand For Collaborative Robot Is Witness An Outstanding Growth By 2030 | Research Nester Study
Global Collaborative Robot Market to Witness Growth by a CAGR of ~42% throughout 2022 – 2030 Owing to the High ROI as Compared to Traditional Industrial Robotic System
Research Nester published a report titled “Collaborative Robot Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalcollaborative robot market in terms of market segmentation by payload, end user, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global collaborative robot market is estimated to occupy a large amount of revenue by growing at a CAGR of ~42% during the forecast period, i.e., 2022 – 2030, owing to the high return on investment as compared to traditional industrial robotic systems, and growing adoption of collaborative robots across verticals around the globe. Apart from these, rising affordability and ease of programming offered by cobots is also expected to drive market growth in the forthcoming years.
The market is segmented by payload, end user and application. Based on payload, the up to 5 kg segment is anticipated to grab the largest market share during the forecast period in view of the flexibility, lightweight and high reliability of these type of cobots. Additionally, by end user, the automotive segment is projected to gather the largest share over the forecast period ascribing to the rising robot innovations in the automotive sector.
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Geographically, the global collaborative robot market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the increasing early adoption of robotics in the region. Moreover, Asia Pacific is predicted to register the fastest growth ascribing to the growing adoption of AI and automation technologies.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
High ROI as Compared to Traditional Industrial Robotic System to Drive Market Growth
Conventional industrial robots need cumbersome set-up for their deployment in the manufacturing plants. These also require additional hardware including conveyors, fixtures and safety fencing, whereas collaborative robots can be operated from within the fencing, reducing the overall pricing of cobots. This in turn is considered to be a significant factor predicted to drive market growth in the near future.
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However, speed limitations of collaborative robots resulting from their inherent design are expected to operate as key restraint to the growth of the global collaborative robot market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global collaborative robot market which includes company profiling of Fanuc Corporation, TechMan Robot Inc., Rethink Robotics GmbH, Universal Robot A/S, AUBO Robotics USA, ABB Ltd., Denso Corporation, Yaskawa America, Inc., Bosch Rexroth AG, Staubuli International AG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global collaborative robot market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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