Collaborative Robots Market Trends to 2025 Leading by Fanuc, Rethink Robotics, Precise Automation, Robert Bosch, KuKa Ag

Global collaborative robots market is expected to grow from US$ 420.4 Mn in 2017 to US$ 8,979.3 million by 2025 at a CAGR of 46.8% between 2018 and 2025.

The report focuses on an in-depth segmentation of this market based by payload, application and end-user industry. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By end-user segment electronics industry is expected to grow at a prime CAGR during the forecast period of 2018-2025; whereas, Asia Pacific region is expected to grow at the highest CAGR during the forecast period.

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Leading Players:

1. ABB
2. Robert Bosch
3. KuKa Ag
4. Aubo Robotics
5. Fanuc
6. Rethink Robotics
7. Precise Automation, Inc.

Collaborative robots are a fragment of service robots that are majorly used in material handling, manufacturing and labs. Burgeoning demand for further flexibility in factories and particularly in manufacturing sector, where the humans and robots have already begun to work in harmony resulting in growth of collaborative robot’s market growth.

The presence of strong manufacturing base in APAC countries including China, Taiwan, and South Korea coupled with initiatives taken by governments such as “Made in China 2025” and “Make in India” among others to strengthen the manufacturing sector, are the factors propelling the market growth in the APAC region. Further, the robust presence of automotive as well electronics industry in the region, is further expected to propel the market growth. The APAC region is expected to lead the market with highest CAGR during the forecast period.

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- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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This release was published on openPR.