The global collaborative robot market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.8 Billion by 2032, exhibiting a growth rate (CAGR) of 37.98% during 2024-2032. More Info:- https://www.imarcgroup.com/collaborative-robot-market

1. Global Collaborative
Robot Market Research
and Forecast Report
2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved

2. About IMARC Group
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are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
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achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.

3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Collaborative Robot
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global collaborative robot market size reached US$
2.7 Billion in 2023.
Factors Affecting the Growth of the Collaborative Robot Industry:
Increased Adoption Across Various Industries:
Collaborative robots or cobots, are experiencing widespread adoption across
several industries, including manufacturing, automotive, electronics,
healthcare, and logistics due to their ability to collaborate safely and
effectively with human workers. In addition, the increasing demand for cobots
in manufacturing enhances efficiency and reduces human fatigue by taking
over repetitive, strenuous tasks, contributing to market growth.
Moreover, the growing automotive industry employs cobots for precision tasks
such as welding, painting, and assembly, ensuring high-quality production
standards, representing another major growth-inducing factor. Besides this, the
expanding electronics are using cobots for handling delicate components,
thereby minimizing damage and improving product quality, which is augmenting
the market growth.

4. Report Highlight
and Description
Technological Advancements:
The capabilities of collaborative robots are rapidly advancing due to
innovations in sensors, artificial intelligence (AI), and machine learning (ML).
In addition, the increasing use of cobots due to enhanced sensor technologies
enables safe interaction with human operators and adapts to changes in their
working environment in real-time, influencing market growth.
Moreover, AI and ML contribute to the sophistication of cobots, equipping them
with the ability to learn from their experiences, improve their performance over
time, and carry out complex tasks with high precision, representing another
major growth-inducing factor. These advancements extend the versatility of
cobots, allowing them to undertake a broader array of activities, from intricate
assembly tasks to navigating dynamic environments autonomously.
Rise of Cobots-as-a-Service (CaaS):
The emergence of cobots-as-a-service (CaaS) is transforming how businesses
integrate cobots into their operations, offering a flexible, cost-effective
approach to automation. It enables companies to deploy cobots without
significant upfront capital expenditure, shifting the financial burden to a
predictable operating expense.

5. Report Highlight
and Description
Additionally, CaaS packages typically include maintenance, software upgrades,
and ongoing technical support, ensuring that cobots operate at peak efficiency
and with the latest advancements, augmenting the market growth. Moreover,
the widespread product adoption among small and medium-sized enterprises
(SMEs) provides several benefits of robotic automation, allowing businesses to
adjust their cobot fleet based on changing demands, representing another
major growth-inducing factor.
Request for a PDF sample of this report:
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6. Report Description
Global Collaborative Robot Market Trends:
At present, collaborative robots are adopted across various industries such as manufacturing, automotive,
electronics, healthcare, and logistics due to their ability to work alongside humans safely and efficiently. In
addition, the decreasing costs of collaborative robots, coupled with their quick return on investment (ROI), make
them an attractive option for small and medium-sized enterprises (SMEs) looking to automate their processes
without significant capital investment.
Moreover, manufacturers are prioritizing safety features in robots to ensure safe interaction with humans in
shared workspaces with advanced safety technologies such as force and torque sensors, collision detection, and
speed monitoring contributing to the market growth. Furthermore, the implementation of Industry 4.0 initiatives
enables seamless connectivity, data exchange, and automation in smart factories, influencing market growth.
Looking forward, the market to reach US$ 50.8 Billion by 2032, exhibiting a growth rate (CAGR) of 37.98%
during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/collaborative-robot-market

7. Report
Segmentation
Breakup by Component:
• Hardware
• Software
Breakup by Payload:
• Upto 5 Kg
• 5-10 Kg
• Above 10 Kg
Breakup by Application:
• Material Handling
• Pick and Place
• Assembly
• Palletizing and De-Palletizing
• Others

8. Report
Segmentation
Breakup by End Use Industry:
• Automotive
• Electronics
• Manufacturing
• Food and Beverage
• Chemicals and Pharmaceutical
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

9. Competitive
Landscape with
Key Players
• ABB Ltd.
• AUBO (Beijing) Robotics Technology Co. Ltd.
• DENSO WAVE Incorporated (Denso Corporation)
• Doosan Robotics Inc. (Doosan Group)
• Fanuc Corporation
• Kawasaki Heavy Industries Ltd.
• KUKA AG (Midea Group)
• Omron Corporation
• Precise Automation Inc. (Brooks Automation Inc)
• Rethink Robotics GmbH
• TechMan Robot Inc. (Quanta Storage Inc.)
• Universal Robots (Teradyne Inc)
• Yaskawa Electric Corporation

10. Key Questions
Answered in
the Report
How has the global collaborative robot market performed so
far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global
collaborative robot market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the payload?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use
industry?

11. Key Questions
Answered in
the Report
What are the various stages in the value chain of the
industry?
What are the key driving factors and challenges in the
industry?
What is the structure of the global collaborative robot market
and who are the key players?
What is the degree of competition in the industry?

12. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Collaborative Robot Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Software
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
7 Market Breakup by Payload
7.1 Upto 5 Kg
7.1.1 Mark et Trends
7.1.2 Mark et Forecast

13. Table of
Contents
7.2 5-10 Kg
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Above 10 Kg
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
8 Market Breakup by Application
8.1 Material Handling
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Pick and Place
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Assembly
8.3.1 Market Trends
8.3.2 Mark et Forecast
8.4 Palletizing and De -Palletizing
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
8.5 Others
8.5.1 Mark et Trends
8.5.2 Mark et Forecast
9 Market Breakup by End Use Industry
9.1 Automotive
9.1.1 Mark et Trends
9.1.2 Mark et Forecast
9.2 Electronics
9.2.1 Mark et Trends
9.2.2 Mark et Forecast
For more information, visit :
https://www.imarcgroup.com/collaborative -robot-market/toc

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