Future Outlook of Collaborative Robots Market to reach USD 4800.0 million by 2024 | Top International Players - Rethink Robotics, ABB, Fanuc, KUKA, Kawasaki

Collaborative Robots Market 2019 Report analyses the Industry Status, Size, Share, Emerging Trends, Growth Opportunity, Competition landscape and Forecast to 2024. This report also provides data on Patterns, Improvements, Target Business Sectors, Limits and Advancements.

Global Collaborative Robots Market overview:

The report " Collaborative Robots Market” The quick adoption of advanced Analytics and Visualization and the expand use of outward data sources are the major drivers of the Collaborative Robots Market. The report high Point, Potential Growth Opportunities in the coming years and covers a review of the Market Drivers, Growth Measure, Competitive Landscape, Market Dynamics, Opposition and other Collaborative Robots Feature to the Collaborative Robots Market.

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With the slowdown in world economic growth, the Collaborative Robots industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Collaborative Robots market size to maintain the average annual growth rate of 0.379729661461 from 110.0 million $ in 2014 to 550.0 million $ in 2019, Market analysts believe that in the next few years, Collaborative Robots market size will be further expanded, we expect that by 2024, The market size of the Collaborative Robots will reach 4800.0 million $.

The Global Collaborative Robots Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Collaborative Robots Market is sub segmented into Upto 5kg,  Between 5 and 10 kg, Above 10kg. Based on End Use Industry segment, the Collaborative Robots Market is sub segmented into Automotive, Electronics, Metals & Machining, Plastics & Polymers, Food & Beverages, Healthcare, Furniture & Equipment, Others (Scientific Research, Logistics (3pl), Education, Consumer Goods, and Die Cast and Foundry).

Among Collaborative Robots find their applications in the manufacturing industry as these robots allow the new user to grasp the basics of working easily. Collaborative robots are known for reducing the time of assembly due to their accuracy, speed, reach, and any material handling capacity. Benefits offered by collaborative robots include greater precision than that of special-purpose instruments. They can be easily deployed and sometimes need only reprogramming to resume working on another assembly line. Automotive, food & beverages, and furniture and equipment industries have a high demand for co-bots for assembly applications

As per the geographic analysis Europe accounted for the largest market share, closely followed by Asia-Pacific and North America. The growth of the European market was driven by the strong government support to promote the use of factory automation solutions, thus supporting the adoption of Industry 4.0. the market in Asia-Pacific is expected to surpass the European market by 2024

Some of the major players that operate in the Global Collaborative Robots Market are Universal Robots, Rethink Robotics, ABB, Fanuc, KUKA, Kawasaki.

Latest Industry Updates:

ABB today announced that it has started construction of its new robotics manufacturing and research facility in China, the world’s largest robotics market. The facility is expected to open during 2021 and represents a total investment of US$150 million (1.1 billion RMB).

The new 67,000 m2 factory in Kangqiao, near Shanghai, will deploy the latest manufacturing processes, including machine learning, digital and collaborative solutions. It will be the most advanced, automated and flexible factory in the robotics industry worldwide – a center where robots make robots. The new factory will also host an onsite research and development center, which will help accelerate innovations in Artificial Intelligence (AI). The center will serve as an open innovation hub where ABB closely collaborates with its customers to co-develop automation solutions that are tailored to their individual needs.

ABB’s robotics solutions serve a diverse customer base in Asia, supporting automotive manufacturers, particularly in e-mobility, as well as manufacturers in the electronics, food and beverage, pharmaceuticals, logistics automation and general industries, among many others. ABB predicts that global robot sales will grow from $80bn today to $130bn in 2025. China is the world’s largest robotics market; one of three robots sold globally in 2017 went to China.

Peter Voser, Chairman and CEO of ABB said: “The establishment of the new factory is another milestone in ABB’s development in China and will further strengthen our leadership in the world’s largest robotics market. Since the project announcement last October, we have been provided with tremendous support from the local government. It has been listed among the Top 10 projects of the ‘Manufacturing in Shanghai’ initiative in 2019, a great honor for ABB.”

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Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Table of Contents:

Section 1 Collaborative Robots Product Definition

Section 2 Global Collaborative Robots Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Collaborative Robots Shipments

2.2 Global Manufacturer Collaborative Robots Business Revenue

2.3 Global Collaborative Robots Market Overview

Section 3 Manufacturer Collaborative Robots Business Introduction

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3.3 ABB Collaborative Robots Business Introduction

3.3.1 ABB Collaborative Robots Shipments, Price, Revenue and Gross profit 2014-2019

3.3.2 ABB Collaborative Robots Business Distribution by Region

3.3.3 Interview Record

3.3.4 ABB Collaborative Robots Business Overview

3.3.5 ABB Collaborative Robots Product Specification

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