Escalating demand for cobots in the logistics sector is one of the significant factors influencing the market growth.
Vancouver, BC -- (SBWIRE) -- 04/09/2021 -- Market Size – USD 680.3 Million in 2019, Market Growth - CAGR of 38.5%, Market Trends –Growing demand for cobots in the wake of COVID-19 pandemic
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).
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Key Highlights From The Report
By payload, above 10 Kg payload capacity is estimated to grow at the fastest rate of 39.7% in the forecast period. 10kg payload cobots possess the capability to manage higher tasks with better precision, dependability, and consistency, as well as in the manufacturing process involving heavier weight.
The market in the European region contributed to the largest market share in 2019 and is likely to grow at a rate of 37.2% in the forecast period. The market dominance of Europe is owing to the growth of various end-user industries in the region, such as automotive, logistics, and healthcare, among others. Further, better and effective optimization in the manufacturing sector due to workplace automation is another significant trend driving the market demand in the region.
Key participants include FANUC, Aubo Robotics, Universal Robots, Yaskawa, KUKA, Techman Robot, Precise Automation, ABB, Rethink Robotics, and Doosan Robotics, among others.
In November 2019, FANUC America, a leading market player, introduced an innovative line of cobots for arc welding operations. It is developed to work safely along with humans without the requirement of cost-prohibitive guarding.
Cobots Market Segmentation:
Emergen Research has segmented the global Infection Control Market on the basis of payload capacity, application, end-users, and region:
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)
Handling
Assembling & Disassembling
Dispensing
Welding & Soldering
Processing
Others
End Users Outlook (Revenue, USD Billion; 2017-2027)
Automotive
Electronics
Plastics & Polymers
Furniture & Equipment
Metals & Machining
Food & Beverages
Healthcare
Others
Key Regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Objectives of the Cobots Market Report:
Analysis and forecast of the Global Cobots Market by segmentation of the market
Analysis of various macro and micro-economic factors influencing the growth of the market
Extensive SWOT analysis and Porter's Five Forces analysis to offer a detailed view of the competitive landscape
Insights into drivers, restraints, opportunities, limitations, threats, and challenges
Analysis of the key players operating in the industry
Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
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
4.2.2.1. Escalating demand for cobots in the logistics sector
4.2.2.2. Growing investment in automation in end-user industries
4.2.2.3. Growing demand for cobots in the wake of COVID-19 pandemic
4.2.2.4. Higher return on investment (ROI)
4.2.2.5. Advent of industry 4.0
4.2.3. Market restraints analysis
4.2.3.1. 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
CONTINUED..!!
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