The global cobots Market is expected to reach USD 9342.8 Million by 2027, according to a new report by Emergen Research. Cobots or Collaborative robots are revolutionizing the human-robot interactions in various end-user industries, including automotive manufacturing, electronics, food & beverage, plastics & polymers, furniture & equipment, healthcare, and logistics industries, among others. Cobots help by functioning side-by-side the human workforce, thereby reducing cost, time, and floor space when compared to traditional robots. Cobots find extensive usage in applications that require precision and helps in achieving a faster return on investment (ROI). For instance, the Franka Emika Panda cobot can perform its operations with a precision of 0.1 mm, as well as its does not stray from its activities and will continuously function with the specified constraints such as in case of the task associated screw tightening, cobots will always accomplish it with the identical pressure and tension ascertaining quality consistency.
The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. The latest research report can be viewed as a valuable source of viable data and information pertaining to this particular business vertical. It provides a complete overview of the Cobots industry, considering the future growth analysis, demand, and supply graphs, as well as historical and future costs and revenue generation.
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The benefits provided by cobots in the logistics industry is a significant factor driving the market demand. The growing pace of the e-commerce sector plays a crucial role in the demand for cobots to enhance efficiency while decreasing costs. In the warehouses, the human workforce doesn’t have to stride the routes for goods collections; thus, saving labor and time, along with mitigation of errors. From the customer point of view, it turns out to be faster delivery of goods, whereas, for workers, it results in shifting attention to other crucial responsibilities. In 2017, DHL Supply Chain made an announcement about the commencement of a pilot test with the LocusBots™ cobots. The firm conducted the pilot test within the facility of a firm dealing in life sciences in Tennessee.
The COVID-19 pandemic has a huge impact on the global industrial sector, especially the manufacturing sector, with the imposition of the mandatory regulations such as social distancing rules, and restricting the number of people working at a specific location. The firms in the manufacturing sector can overcome such concern by deploying automation in their production facilities and assembly lines. Cobot is a niche solution for automation, offering the most effective, cost-efficient, and flexible way for plants seeking automation to lessen dependence on external factors. During the pandemic, collaborative technology is beneficial in mitigating the significant concern for manufacturers to safeguard the workforce while maintaining their workflow.
The global Cobots market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner.
Key participants include FANUC, Aubo Robotics, Universal Robots, Yaskawa, KUKA, Techman Robot, Precise Automation, ABB, Rethink Robotics, and Doosan Robotics, among others.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
- Payload Capacity Outlook (Revenue, USD Billion; 2017-2027)
- Less than 5 Kg
- 5 Kg to 10 Kg
- Above 10 Kg
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Assembling & Disassembling
- Welding & Soldering
- End Users Outlook (Revenue, USD Billion; 2017-2027)
- Plastics & Polymers
- Furniture & Equipment
- Metals & Machining
- Food & Beverages
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
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- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
- North America
Key questions addressed in the report:
- What are the key factors driving the global Cobots market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Cobots market?
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Global Cobots Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Cobots Market Segmentation & Impact Analysis
4.1. Cobots Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Escalating demand for cobots in the logistics sector
220.127.116.11. Growing investment in automation in end-user industries
18.104.22.168. Growing demand for cobots in the wake of COVID-19 pandemic
22.214.171.124. Higher return on investment (ROI)
126.96.36.199. Advent of industry 4.0
4.2.3. Market restraints analysis
188.8.131.52. Cost-prohibitive capital requirement
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Cobots Market By Payload Capacity Insights & Trends, Revenue (USD Million)
5.1. Payload Capacity Dynamics & Market Share, 2019 & 2027
5.1.1. Less than 5 Kg
5.1.2. 5 Kg to 10 Kg
5.1.3. Above 10 Kg
Chapter 6. Cobots Market By Application Insights & Trends Revenue (USD Million)
6.1. Application Dynamics & Market Share, 2019 & 2027
6.1.2. Assembling & Disassembling
6.1.4. Welding & Soldering
Chapter 7. Cobots Market By End-Users Insights & Trends Revenue (USD Million)
7.1. End-Users Dynamics & Market Share, 2019 & 2027
7.1.3. Plastics & Polymers
7.1.4. Furniture & Equipment
7.1.5. Metals & Machining
7.1.6. Food & Beverages
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