The global Co-bots market was valued at US$ 696.1 million in 2020 and it is expected to reach US$ 1512.6 million by the end of 2027, growing at a CAGR of 11.7% during 2021-2027.
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.
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.
Global Co-bots Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Co-bots Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Universal Robots, Techman Robot, Fanuc, Kuka, Doosan Robotics, Aubo Robotics, Abb, Yaskawa, Precise Automation, Automata, Productive Robotics and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-co-bots-market-outlook
Segment by Type
- Up to 5kg
- 5-10 kg
- Above 10kg
Segment by Application
- Automotive
- Electronics
- Metal and Machining
- Plastic and Polymers
- Food and Beverages
- Others
Table of Content:
1 Co-bots Market Overview
2 Co-bots Market Competition by Manufacturers
3 Co-bots Retrospective Market Scenario by Region
4 Global Co-bots Historic Market Analysis by Type
5 Global Co-bots Historic Market Analysis by Application
6 Key Companies Profiled
7 Co-bots Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Co-bots Market Dynamics
10 Global Co-bots Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.