Article Trunk



Global Collaborative Robot or Cobot Market is Expected to Reach USD 12.5 Billion by 2025

05.12.2020 · Posted in Information Articles, It Articles

The global collaborative robot or cobot market is expected to reach USD 12.5 billion by 2025, growing at a CAGR of 50.0% during the forecast period. Currently, more than 40% of the market is captured by less than 5 kg of payload capacity cobots. However, there is an immense rise in the demand for high-payload-capacity cobots in automotive, metal & mining, and other large-scale industries will bring numerous new opportunities in the cobots market.  

Automotive segment held the largest share in the collaborative robot or cobot market in 2019

Based on end-user, the market is segmented as automotive, electrical & electronics, metals & mining, plastics & polymers, food & beverages, pharmaceuticals & healthcare, and Others. The automotive segment is expected to account for the highest market share in the current year and is expected to grow at the fastest rate with numerous applications of cobots.

Read Full Research Report Description at https://bit.ly/3dGYj50

Geography Insight

Geographically, APAC is the largest and fastest-growing collaborative robot market surpassing Europe in the last two years. The industrial revolution in China, Japan, India, and other South-East Asian countries has increased robotics integration in various applications. Further, government and private firm investments in these countries will upsurge the growth of the collaborative robot market in years to come.

Competitive Insight

Some of the key players operating in the collaborative robot market are ABB Ltd., Universal Robots, Rethink Robotics, Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Mrk-Systeme GmbH, Precise Automation, Inc., F&P Robotics AG, and Franka Emika GmbH.

Key Takeaway from the Report:

  • Among all the payload capacity, up to 5 kg segment captures the highest market share in 2019 and is expected to grow at the fastest rate during the forecast period.
  • Of all the components, hardware accounted for the foremost share in the collaborative robot or cobot market in 2019.
  • Among all the applications, the assembly application segment accounted for a foremost share in the collaborative robot or cobot market in 2019.
  • Of all end-user, the automotive segment is expected to account for the highest market share in the current year and is expected to grow at the fastest rate during the forecast period.

Comments are closed