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Global Collaborative Robots Market Share, Size, Trends, Growth: By Payload Capacity: Less than 5 Kg, 5 to 10 Kg, More than 10 Kg, Others; By Application: Material Handling, Assembly, Pick and Place, Testing, Welding, Sorting, Positioning, Others; By End Use: Automotive, Food and Beverages, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Collaborative Robots Market Outlook

The global market size for collaborative robots reached a value of more than USD 714.02 million in 2021. The global collaborative robots market is expected to grow at a CAGR of 16.50% between 2024 and 2032, reaching a value of USD 1,785.12 million by 2027.

Key Trends in the Market

Collaborative robot also commonly known as cobot is a kind of robot that is made with the purpose of supporting robot actions in direct interaction with humans. A cobot can assist alongside humans in various applications to help humans complete tasks easily. Mainly unsafe, repetitive, or monotonous tasks are assigned to collaborative robots so that humans can focus on other important tasks.

Easy programmability and handling of the cobots have increased the demand in various sectors for collaborative robots, ultimately contributing to the growth of the market.

The competitiveness in the production of collaborative robots has increased the improvements in the quality of the products which has also increased the productivity and demand of cobots, bolstering the market.

Cobots are less capable of handling larger and heavier materials especially the ones used in metals, automotive, and machinery manufacturing heavy duty industries which traditional robots are capable of. Development of cobots with greater handling capacities is a key trend in the collaborative robots market.

collaborative robots market

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Market Analysis

Based on payload capacity, the market can be divided into less than 5 kg, 5 to 10 kg, and more than 10 kg among other capacities. On the basis of application, the collaborative robots market is divided into material handling, assembly, pick and place, testing, welding, sorting, and positioning, among others. By end use, the market is categorised into automotive, food and beverages, furniture and equipment, plastic and polymers, metal and machinery, electronics, pharma, and retail, among others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global collaborative robots market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Universal Robots A/S

FANUC Corporation

Techman Robot Inc.

Rethink Robotics GmbH

Festo OY

ABB Ltd.

Yaskawa Electric Corporation

KUKA AG

OMRON CORPORATION

Kawasaki Heavy Industries Ltd.

Others

collaborative robots market by segments

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Market Share by Payload Capacity

Collaborative robots with a capacity of 5-10 kg observed substantial growth in the collaborative robots market owing to adequate handling capacity of materials and also longer reach for palletising and machine tending. With the 5-10 kg capacity, the cobots are reasonably sized, increasing their safety for operations in close proximity to people.

Moreover, special grippers are not required for collaborative robots to operate in the automotive and other industries. They pick up and assemble loads such as transmissions and small engine components alongside human workers. Thus, because of the adaption by people, flexibility and safety along with repeatability, the 5-10 kg capacity of cobots are expected to maintain their growth in the forecast period as well.

Market Share by Region

Asia Pacific is expected to have a leading share in the collaborative robots market owing to the strong presence of the manufacturing sector in the region. The manufacturers are preferring collaborative robots instead of complete robotics due to low costs of labour in the Asia Pacific, saving on costs for advanced robots. Electronic and automotive industries in the Asia Pacific have significant utilisation of collaborative robots as they enable high precision activities for large-scale manufacturing.

In the past, North America has held a sizable market share for collaborative robots because of early adoption of advanced technologies, and applications in fields such as robot-assisted surgery. With high costs of labour in countries such as the United States, cobots offer savings and increased precision in tasks, particularly for end-users not ready to invest in complete robotisation.

collaborative robots market by region

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Competitive Landscape

Universal Robots A/S was established in 2005 and is headquartered in Odense, Denmark. It is an automation company which specialises in manufacturing of small, flexible, industrial collaborative robot arms.

FANUC Corporation founded in 1972 is based out of Yamanashi in Japan. It is a machine industry company which is known to provide automation services and products including computer numerical control wireless and robotics systems.

Techman Robot Inc. was founded in 2015 and has its headquarter in Taoyun, Taiwan. It is an independent company which operates under Quanta computers and is most known for cobots with built-in vision systems, such as the TM robot series.

Other market players include Rethink Robotics GmbH, Festo OY, ABB Ltd., Yaskawa Electric Corporation, KUKA AG, OMRON CORPORATION, and Kawasaki Heavy Industries Ltd., among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Payload Capacity Application End Use Region
Breakup by Payload Capacity	Less than 5 Kg 5 to 10 Kg More than 10 Kg Others
Breakup by Application	Material Handling Assembly Pick and Place Testing Welding Sorting Positioning Others
Breakup by End Use	Automotive Food and Beverages Furniture and Equipment Plastic and Polymers Metal and Machinery Electronics Pharma Retail Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Porter's Five Forces Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Universal Robots A/S FANUC Corporation Techman Robot Inc. Rethink Robotics GmbH Festo OY ABB Ltd. Yaskawa Electric Corporation KUKA AG OMRON CORPORATION Kawasaki Heavy Industries Ltd. Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Industry Opportunities and Challenges
8   Global Collaborative Robots Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Collaborative Robots Historical Market (2018-2023)
   8.3   Global Collaborative Robots Market Forecast (2024-2032)
   8.4   Global Collaborative Robots Market by Payload Capacity
       8.4.1   Less than 5 Kg
           8.4.1.1   Market Share
           8.4.1.2   Historical Trend (2018-2023)
           8.4.1.3   Forecast Trend (2024-2032)
       8.4.2   5 to 10 Kg
           8.4.2.1   Market Share
           8.4.2.2   Historical Trend (2018-2023)
           8.4.2.3   Forecast Trend (2024-2032)
       8.4.3   More than 10 Kg
           8.4.3.1   Market Share
           8.4.3.2   Historical Trend (2018-2023)
           8.4.3.3   Forecast Trend (2024-2032)
       8.4.4   Others
   8.5   Global Collaborative Robots Market by Application
       8.5.1   Material Handling
           8.5.1.1   Market Share
           8.5.1.2   Historical Trend (2018-2023)
           8.5.1.3   Forecast Trend (2024-2032)
       8.5.2   Assembly
           8.5.2.1   Market Share
           8.5.2.2   Historical Trend (2018-2023)
           8.5.2.3   Forecast Trend (2024-2032)
       8.5.3   Pick and Place
           8.5.3.1   Market Share
           8.5.3.2   Historical Trend (2018-2023)
           8.5.3.3   Forecast Trend (2024-2032)
       8.5.4   Testing
           8.5.4.1   Market Share
           8.5.4.2   Historical Trend (2018-2023)
           8.5.4.3   Forecast Trend (2024-2032)
       8.5.5   Welding
           8.5.5.1   Market Share
           8.5.5.2   Historical Trend (2018-2023)
           8.5.5.3   Forecast Trend (2024-2032)
       8.5.6   Sorting
           8.5.6.1   Market Share
           8.5.6.2   Historical Trend (2018-2023)
           8.5.6.3   Forecast Trend (2024-2032)
       8.5.7   Positioning
           8.5.7.1   Market Share
           8.5.7.2   Historical Trend (2018-2023)
           8.5.7.3   Forecast Trend (2024-2032)
       8.5.8   Others
   8.6   Global Collaborative Robots Market by End Use
       8.6.1   Automotive
           8.6.1.1   Market Share
           8.6.1.2   Historical Trend (2018-2023)
           8.6.1.3   Forecast Trend (2024-2032)
       8.6.2   Food and Beverages
           8.6.2.1   Market Share
           8.6.2.2   Historical Trend (2018-2023)
           8.6.2.3   Forecast Trend (2024-2032)
       8.6.3   Furniture and Equipment
           8.6.3.1   Market Share
           8.6.3.2   Historical Trend (2018-2023)
           8.6.3.3   Forecast Trend (2024-2032)
       8.6.4   Plastic and Polymers
           8.6.4.1   Market Share
           8.6.4.2   Historical Trend (2018-2023)
           8.6.4.3   Forecast Trend (2024-2032)
       8.6.5   Metal and Machinery
           8.6.5.1   Market Share
           8.6.5.2   Historical Trend (2018-2023)
           8.6.5.3   Forecast Trend (2024-2032)
       8.6.6   Electronics
           8.6.6.1   Market Share
           8.6.6.2   Historical Trend (2018-2023)
           8.6.6.3   Forecast Trend (2024-2032)
       8.6.7   Pharma
           8.6.7.1   Market Share
           8.6.7.2   Historical Trend (2018-2023)
           8.6.7.3   Forecast Trend (2024-2032)
       8.6.8   Retail
           8.6.8.1   Market Share
           8.6.8.2   Historical Trend (2018-2023)
           8.6.8.3   Forecast Trend (2024-2032)
       8.6.9   Others
   8.7   Global Collaborative Robots Market by Region
       8.7.1   North America
           8.7.1.1   Market Share
           8.7.1.2   Historical Trend (2018-2023)
           8.7.1.3   Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1   Market Share
           8.7.2.2   Historical Trend (2018-2023)
           8.7.2.3   Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1   Market Share
           8.7.3.2   Historical Trend (2018-2023)
           8.7.3.3   Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1   Market Share
           8.7.4.2   Historical Trend (2018-2023)
           8.7.4.3   Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1   Market Share
           8.7.5.2   Historical Trend (2018-2023)
           8.7.5.3   Forecast Trend (2024-2032)
9   North America Collaborative Robots Market Analysis
   9.1   United States of America
       9.1.1   Market Share
       9.1.2   Historical Trend (2018-2023)
       9.1.3   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Market Share
       9.2.2   Historical Trend (2018-2023)
       9.2.3   Forecast Trend (2024-2032)
10   Europe Collaborative Robots Market Analysis
   10.1   United Kingdom
       10.1.1   Market Share
       10.1.2   Historical Trend (2018-2023)
       10.1.3   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Market Share
       10.2.2   Historical Trend (2018-2023)
       10.2.3   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Market Share
       10.3.2   Historical Trend (2018-2023)
       10.3.3   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Market Share
       10.4.2   Historical Trend (2018-2023)
       10.4.3   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Collaborative Robots Market Analysis
   11.1   China
       11.1.1   Market Share
       11.1.2   Historical Trend (2018-2023)
       11.1.3   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Market Share
       11.2.2   Historical Trend (2018-2023)
       11.2.3   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Market Share
       11.3.2   Historical Trend (2018-2023)
       11.3.3   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Market Share
       11.4.2   Historical Trend (2018-2023)
       11.4.3   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Market Share
       11.5.2   Historical Trend (2018-2023)
       11.5.3   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Collaborative Robots Market Analysis
   12.1   Brazil
       12.1.1   Market Share
       12.1.2   Historical Trend (2018-2023)
       12.1.3   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Market Share
       12.2.2   Historical Trend (2018-2023)
       12.2.3   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Market Share
       12.3.2   Historical Trend (2018-2023)
       12.3.3   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Collaborative Robots Market Analysis
   13.1   Saudi Arabia
       13.1.1   Market Share
       13.1.2   Historical Trend (2018-2023)
       13.1.3   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Market Share
       13.2.2   Historical Trend (2018-2023)
       13.2.3   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Market Share
       13.3.2   Historical Trend (2018-2023)
       13.3.3   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Market Share
       13.4.2   Historical Trend (2018-2023)
       13.4.3   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Universal Robots A/S
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   FANUC Corporation
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   Techman Robot Inc.
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   Rethink Robotics GmbH
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   Festo OY
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   ABB Ltd.
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   Yaskawa Electric Corporation
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   KUKA AG
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   OMRON CORPORATION
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   Kawasaki Heavy Industries Ltd.
           15.2.10.1   Company Overview
           15.2.10.2   Product Portfolio
           15.2.10.3   Demographic Reach and Achievements
           15.2.10.4   Certifications
       15.2.11   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Collaborative Robots Market: Key Industry Highlights, 2018 and 2032
2.   Global Collaborative Robots Historical Market: Breakup by Payload Capacity (USD Million), 2018-2023
3.   Global Collaborative Robots Market Forecast: Breakup by Payload Capacity (USD Million), 2024-2032
4.   Global Collaborative Robots Historical Market: Breakup by Application (USD Million), 2018-2023
5.   Global Collaborative Robots Market Forecast: Breakup by Application (USD Million), 2024-2032
6.   Global Collaborative Robots Historical Market: Breakup by End Use (USD Million), 2018-2023
7.   Global Collaborative Robots Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.   Global Collaborative Robots Historical Market: Breakup by Region (USD Million), 2018-2023
9.   Global Collaborative Robots Market Forecast: Breakup by Region (USD Million), 2024-2032
10.   North America Collaborative Robots Historical Market: Breakup by Country (USD Million), 2018-2023
11.   North America Collaborative Robots Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Europe Collaborative Robots Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Europe Collaborative Robots Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Asia Pacific Collaborative Robots Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Asia Pacific Collaborative Robots Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Latin America Collaborative Robots Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Latin America Collaborative Robots Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Middle East and Africa Collaborative Robots Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Middle East and Africa Collaborative Robots Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Global Collaborative Robots Market Structure

Key Questions Answered in the Report

What was the size of the global collaborative robots market in 2021?

The global market size for collaborative robots reached a value of more than USD 714.02 million in 2021.

What is the growth rate of the global collaborative robots market?

The global market for collaborative robots is expected to grow at a CAGR of 16.50% between 2024 and 2032.

What are the major global collaborative robots market drivers?

The major market drivers are advancements in technology, increasing labour costs, and growing applications across various industries.

What is the expected market size by 2027?

The global market size for collaborative robots is expected to reach a value of more than USD 1,785.12 million by 2027.

What are the key trends of the market?

The key trends of the market are easy programmability, customisation of functionalities, applications in healthcare, and development of cobots capable of handling larger and heavier objects.

Who are the key market players?

Key market players include Universal Robots A/S, FANUC Corporation, Techman Robot Inc., Rethink Robotics GmbH, Festo OY, ABB Ltd., Yaskawa Electric Corporation, KUKA AG, OMRON CORPORATION, and Kawasaki Heavy Industries Ltd., among others.

What is a collaborative robot?

A collaborative robot, also commonly known as cobot, is a kind of robot that is designed with the purpose of completing tasks alongside humans, interacting with them directly.

What are the benefits of using collaborative robots?

A cobot can assist alongside humans in various applications, particularly in tasks that are unsafe, repetitive, monotonous, and require high levels of precision.

How is the market segmented?

The global collaborative robots market is segmented based on payload capacity, end use, application, and region.

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