Collaborative Robots Market Report

The global collaborative robot market size was valued at USD 808 million in 2021. It is expected to reach USD 3,142 million by 2030, growing at a CAGR of 18.5% during the forecast period (2022–2030). Collaborative robots, also known as cobots, are designed to work alongside humans in a shared workspace, enhancing productivity, efficiency, and safety.

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Market Categorization

The Collaborative Robots Market can be categorized into three main segments:

By Payload

  • Less Than 5 kg
  • 5–9 kg
  • 10–20 kg
  • More Than 20 kg

By End-user

  • Electronics
  • Automotive
  • Manufacturing
  • Food & Beverage
  • Chemicals & Pharmaceutical
  • Others

By Application

  • Material Handling
  • Pick & Place
  • Assembly
  • Palletizing & De-palletizing
  • Others

Geographic Overview

The Collaborative Robots Market is dominated by four main regions:
  • North America: The United States and Canada are the leading countries in this region, driven by the presence of major manufacturers and a strong focus on automation.
  • Europe: Germany, the United Kingdom, and France are the key countries in this region, with a strong emphasis on industrial automation and robotics.
  • Asia-Pacific: China, Japan, and South Korea are the dominant countries in this region, driven by rapid industrialization and a growing demand for automation solutions.
  • Rest of the World: This region includes countries such as Brazil, Russia, and India, which are emerging as key markets for collaborative robots.

Top Players of Collaborative Robots Market

Some of the top players in the Collaborative Robots Market include:
  • Universal Robots AS (Teradyne Inc.)
  • Fanuc Corp.
  • TechMan Robot Inc. (Quanta Computer Inc.)
  • Rethink Robotics GmbH
  • AUBO Robotics USA
  • ABB Ltd
  • Kawasaki Heavy Industries Ltd
  • Precise Automation Inc. (Brooks Automation Inc. )
  • Siasun Robot & Automation Co. Ltd
  • Stäubli International AG
  • OMRON Corporation
  • Epson Robots (Seiko Epson)
  • Festo Group

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Key Unit Economics for Businesses and Startups

When considering the adoption of collaborative robots, businesses and startups should focus on the following key unit economics:
  • Cost Savings: Collaborative robots can help reduce labor costs, improve productivity, and minimize waste.
  • Return on Investment (ROI): Businesses should calculate the ROI on their collaborative robot investment, considering factors such as increased productivity, reduced downtime, and improved product quality.
  • Payback Period: The payback period for collaborative robots can vary depending on the application, industry, and company size. However, with the increasing demand for automation, the payback period is decreasing.
  • Total Cost of Ownership (TCO): Businesses should consider the TCO of collaborative robots, including factors such as maintenance, repair, and upgrade costs.

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Collaborative Robots Market Operational Factors

The Collaborative Robots Market is driven by several operational factors, including:
  • Increasing Demand for Automation: The growing need for automation in various industries, such as manufacturing, logistics, and healthcare, is driving the demand for collaborative robots.
  • Advancements in Robotics Technology: Advances in robotics technology, such as artificial intelligence, machine learning, and sensor systems, are enhancing the capabilities and safety of collaborative robots.
  • Growing Focus on Workplace Safety: The increasing focus on workplace safety and the need to reduce workplace injuries and fatalities are driving the adoption of collaborative robots.
  • Government Initiatives and Funding: Government initiatives and funding for robotics research and development are supporting the growth of the Collaborative Robots Market.