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Collaborative Robots Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 132
  • SKU: IRTNTR44378
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The collaborative robots market share is expected to increase by USD 1.08 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 16.08%.

This collaborative robots market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers collaborative robots market segmentations by application (material handling, assembly, inspection and testing, welding, and painting and dispensing) and geography (Europe, APAC, North America, South America, and MEA). The collaborative robots market report also offers information on several market vendors, including ABB Ltd., FANUC Corp., Festo SE and Co. KG, Fiat Chrysler Automobiles NV, Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., Robert Bosch GmbH, Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp. among others.

What will the Collaborative Robots Market Size be During the Forecast Period?

Collaborative Robots Market Size

Download the Free Report Sample to Unlock the Collaborative Robots Market Size for the Forecast Period and Other Important Statistics

 

Collaborative Robots Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increased adoption rate in SME sector is notably driving the collaborative robots market growth, although factors such as regulatory hurdles faced by vendors may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the collaborative robots market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Collaborative Robots Market Driver

One of the key factors driving the collaborative robots market is the increased adoption rate in SME sector. Outsourcing of manufacturing operations to low-cost locations has impeded the expansion of the SME sector in industrialized countries. Collaborative robots are increasingly being used in the industrial sector to keep the balance of large, small, and medium-sized firms in industrialized countries. As a result, SMEs are becoming more interested in installing collaborative robots on their production floors. Furthermore, demand for applications such as pick-and-place, machine tending, material handling, assembly line, welding, packing, and inspection, particularly in the SME sector, is expected to propel the market forward.. In February 2021, ABB launched new GoFa and SWIFTI cobot families, offering high payloads and speeds, to complement YuMi and Single Arm YuMi in the company's cobot line-up. These cobots are strong, fast, and highly capable cobots that accelerate the company's expansion in the high-growth segments, including electronics, healthcare, consumer goods, logistics, and food and beverage, among others, meeting the growing demand for automation across multiple industries.

Key Collaborative Robots Market Trend

Advances in vision systems is another factor supporting the collaborative robots market growth in the forecast period. Vision systems are being augmented by specialized sensors that can heighten the perception of collaborative robots and their positioning in a 3D space. For instance, ABB collaborative robots are incorporated with technologies such as Integrated Force Control and Integrated Vision that allow for 2D and 3D vision. As a result, they eliminate the need for traditional machine fencing and barriers. Moreover, vision systems and sensors are intuitive and facilitate rapid decision-making and troubleshooting. In addition, Technavio expect that the emergence of startups and new entrants such as Veo Robotics and Osaro to leverage machine learning tools to develop machine vision. Moreover, Osaro is developing a vision software to ensure the efficiency of collaborative robots in applications in the pharmaceutical and F&B industries. On the other hand, Veo Robotics provides an advanced vision system that can detect objects and humans in the robot's surroundings, thereby ensuring a safe environment for workers. Therefore, such development will further surge the adoption of collaborative robots which will further drive the growth of the market during the forecast period.

Key Collaborative Robots Market Challenge

Regulatory hurdles faced by vendors will be a major challenge for the collaborative robots market during the forecast period. Collaborative robots are built in accordance with standards to ensure human safety while also improving design characteristics including cushioned arms, rounded bodies, and lightweight attributes. Furthermore, a big problem for collaborative robot vendors is ensuring that their services comply with international standards, reducing liability and compliance expenses for robot manufacturers, and ensuring that the collaborative robot can be sold anywhere in the globe. Furthermore, substantial norms and standards exist in several regions, such as in Europe: Vendors must ensure that all new machinery that falls under the scope of the Machinery Directive, including collaborative robots, is designed and built to meet the common, minimum safety requirements. Furthermore, in 2020, there will be regulatory and policy changes, including strict artificial intelligence (AI) laws in the United States and the European Union (EU), which will have far-reaching implications for technology businesses and government agencies. Furthermore, the EU unveiled its long-awaited draught legislation for the use of AI in late April 2021, outlawing some inappropriate uses and requiring strong safeguards, such as documentation verification of safety and human oversight, to ensure AI technology is trustworthy.

This collaborative robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global collaborative robots market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the collaborative robots market during the forecast period.

Who are the Major Collaborative Robots Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • FANUC Corp.
  • Festo SE and Co. KG
  • Fiat Chrysler Automobiles NV
  • Hans Laser Technology Industry Group Co. Ltd.
  • Kawasaki Heavy Industries Ltd.
  • Robert Bosch GmbH
  • Staubli International AG
  • Teradyne Inc.
  • Yaskawa Electric Corp.

 

This statistical study of the collaborative robots market encompasses successful business strategies deployed by the key vendors. The collaborative robots market is fragmented and the vendors are deploying growth strategies such as inorganic growth in the market through M&A of technology-based companies to compete in the market.

Product Insights and News

  • ABB Ltd. - The company offers solutions for collaborative robots under the brand name of YuMi. YuMi provide automated robots that can work side by side with humans thus increasing the efficiency of work.
  • Robert Bosch GmbH - The company offers solutions for collaborative robots under the brand name of Bosch APAS. Bosch APAS offers Human-robot collaboration (HRC) that offers more efficiency at work. The subsidiary of Bosch that handles this brand is Rexroth.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The collaborative robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Collaborative Robots Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the collaborative robots market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global industrial machinery market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers providers to ensure a sustainable market presence.

 

Which are the Key Regions for Collaborative Robots Market?

Collaborative Robots Market Market segmentation by region

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34% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for collaborative robots market in APAC. Market growth in this region will be faster than the growth of the market in North America, MEA and South America regions.

The emergence of local vendors that provide low-cost and high-quality products will facilitate the collaborative robots market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The increase in the spread of COVID-19 has challenged the growth of the collaborative robots market in APAC. Governments in this region have taken initiatives such as the imposition of lockdown to stop the spread of the disease. Such measures have negatively impacted the supply chain and have restricted the growth of the collaborative robots market in the region during the forecast period.

What are the Revenue-generating Application Segments in the Collaborative Robots Market?

Collaborative Robots Market Segmentation

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The collaborative robots market share growth by the application segments. Material handling segment will be significant during the forecast period. From the collaborative robots market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentations will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the collaborative robots market size and actionable market insights on post COVID-19 impact on each segment.

 

Collaborative Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16.08%

Market growth 2021-2025

$ 1.08 billion

Market structure

Fragmented

YoY growth (%)

15.54

Regional analysis

Europe, APAC, North America, South America, and MEA

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Germany, Japan, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., FANUC Corp., Festo SE and Co. KG, Fiat Chrysler Automobiles NV, Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., Robert Bosch GmbH, Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Collaborative Robots Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive collaborative robots market growth during the next five years
  • Precise estimation of the collaborative robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the collaborative robots industry across Europe, APAC, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of collaborative robots market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Material handling - Market size and forecast 2020-2025
      • Exhibit 17: Material handling - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Material handling - Year-over-year growth 2020-2025 (%)
    • 5.4 Assembly - Market size and forecast 2020-2025
      • Exhibit 19: Assembly - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Assembly - Year-over-year growth 2020-2025 (%)
    • 5.5 Inspection and testing - Market size and forecast 2020-2025
      • Exhibit 21: Inspection and testing - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Inspection and testing - Year-over-year growth 2020-2025 (%)
    • 5.6 Welding - Market size and forecast 2020-2025
      • Exhibit 23: Welding - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Welding - Year-over-year growth 2020-2025 (%)
    • 5.7 Painting and dispensing - Market size and forecast 2020-2025
      • Exhibit 25: Painting and dispensing - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Painting and dispensing - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 27: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.4 APAC - Market size and forecast 2020-2025
      • Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 35: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 39: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 44: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 45: Landscape disruption
            • Exhibit 46: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 48: Market positioning of vendors
            • 10.3 ABB Ltd.
              • Exhibit 49: ABB Ltd. - Overview
              • Exhibit 50: ABB Ltd. - Business segments
              • Exhibit 51: ABB Ltd. - Key news
              • Exhibit 52: ABB Ltd. - Key offerings
              • Exhibit 53: ABB Ltd. - Segment focus
            • 10.4 FANUC Corp.
              • Exhibit 54: FANUC Corp. - Overview
              • Exhibit 55: FANUC Corp. - Business segments
              • Exhibit 56: FANUC Corp.- Key news
              • Exhibit 57: FANUC Corp. - Key offerings
            • 10.5 Festo SE and Co. KG
              • Exhibit 58: Festo SE and Co. KG - Overview
              • Exhibit 59: Festo SE and Co. KG - Product and service
              • Exhibit 60: Festo SE & Co. KG - Key news
              • Exhibit 61: Festo SE and Co. KG - Key offerings
              • Exhibit 62: Festo SE and Co. KG - Segment focus
            • 10.6 Fiat Chrysler Automobiles NV
              • Exhibit 63: Fiat Chrysler Automobiles NV - Overview
              • Exhibit 64: Fiat Chrysler Automobiles NV - Product and service
              • Exhibit 65: Fiat Chrysler Automobiles NV- Key news
              • Exhibit 66: Fiat Chrysler Automobiles NV - Key offerings
              • Exhibit 67: Festo SE and Co. KG - Segment focus
            • 10.7 Hans Laser Technology Industry Group Co. Ltd.
              • Exhibit 68: Hans Laser Technology Industry Group Co. Ltd. - Overview
              • Exhibit 69: Hans Laser Technology Industry Group Co. Ltd. - Product and service
              • Exhibit 70: Hans Laser Technology Industry Group Co. Ltd. - Key offerings
            • 10.8 Kawasaki Heavy Industries Ltd.
              • Exhibit 71: Kawasaki Heavy Industries Ltd. - Overview
              • Exhibit 72: Kawasaki Heavy Industries Ltd. -Business segments
              • Exhibit 73: Kawasaki Heavy Industries Ltd. - Key news
              • Exhibit 74: Kawasaki Heavy Industries Ltd. - Key offerings
              • Exhibit 75: Kawasaki Heavy Industries Ltd. - Segment focus
            • 10.9 Robert Bosch GmbH
              • Exhibit 76: Robert Bosch GmbH - Overview
              • Exhibit 77: Robert Bosch GmbH - Business segments
              • Exhibit 78: Robert Bosch GmbH - Key news
              • Exhibit 79: Robert Bosch GmbH - Key offerings
              • Exhibit 80: Robert Bosch GmbH - Segment focus
            • 10.10 Staubli International AG
              • Exhibit 81: Staubli International AG - Overview
              • Exhibit 82: Staubli International AG - Product and service
              • Exhibit 83: Staubli International AG - Key offerings
            • 10.11 Teradyne Inc.
              • Exhibit 84: Teradyne Inc. - Overview
              • Exhibit 85: Teradyne Inc. - Business segments
              • Exhibit 86: Teradyne Inc. - Key news
              • Exhibit 87: Teradyne Inc. - Key offerings
              • Exhibit 88: Teradyne Inc. - Segment focus
            • 10.12 Yaskawa Electric Corp.
              • Exhibit 89: Yaskawa Electric Corp. - Overview
              • Exhibit 90: Yaskawa Electric Corp. - Business segments
              • Exhibit 91: Yaskawa Electric Corp. - Key news
              • Exhibit 92: Yaskawa Electric Corp. - Key offerings
              • Exhibit 93: Yaskawa Electric Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 94: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 95: Research Methodology
                • Exhibit 96: Validation techniques employed for market sizing
                • Exhibit 97: Information sources
              • 11.4 List of abbreviations
                • Exhibit 98: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Collaborative Robots Market market growth will increase by $1.08 bn during 2021-2025.
              The collaborative robots market market is expected to grow at a CAGR of 16.08% during 2021-2025.
              Technavio has segmented the collaborative robots market market by application (Material handling, Assembly, inspection and testing, Welding, and Painting and dispensing) ,geography (Europe, APAC, North America, South America, and MEA) , and geographic (Europe, APAC, North America, South America, and MEA).
              ABB Ltd., FANUC Corp., Festo SE and Co. KG, Fiat Chrysler Automobiles NV, Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., Robert Bosch GmbH, Staubli International AG, Teradyne Inc., Yaskawa Electric Corp. are a few of the key vendors in the collaborative robots market market.
              APAC will register the highest growth rate of 34% among the other regions. Therefore, the collaborative robots market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the collaborative robots market market growth are:
              • increased adoption rate in SME sector
              • Technological advances in grippers and others (vision system and sense)
              The collaborative robots market market vendors should focus on grabbing business opportunities from the material handling segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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