Press release
Collaborative Robot Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2026
The Collaborative Robot Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Collaborative Robot market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Collaborative Robot market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Collaborative Robot market.The global collaborative robot market was valued at USD 573.12 million in 2020, and it is expected to reach USD 1,870.59 million by 2026, registering a CAGR of 23.06%, during 2021-2026.
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Top Leading Companies of Collaborative Robot Market are - Universal Robots AS, Fanuc Corp., TechMan Robot Inc., Rethink Robotics GmbH, AUBO Robotics USA, ABB Ltd., Kawasaki Heavy Industries Ltd., Precise Automation Inc., Siasun Robot & Automation co. Ltd., Staubli International AG, Omron Corporation, Festo Group, Epson Robots(Seiko Epson), KUKA AG and others.
Industry News and Updates:
- April 2020 - ABB Ltd. launched a block-based programming interface called Wizard Easy Programming to make programming its single-arm YuMi cobot more intuitive. The company also said their goal is to make its cobots easier to install for those without programming expertise, which helps reduce the barrier to entry.
- March 2020 - Universal Robots launched UR+ application kits to simplify the deployment of Cobots that removes the barriers to industrial automation for various small, medium, and large companies and launched new solutions at MODEX 2020 which showcased the usage of cobots to automate hard-to-staffpalletizing and piece-picking tasks.
Key Market Trends:
Increasing Demand for Automation in Various Industrial Processes will Drive the Market
- Automation solutions can drive down the cost of deliveries dramatically. Supported by this are the robot innovations that are taking place, allowing the enterprises in various industries to operate autonomously, with augmented human capability and capacity.
- Longer training and onboarding, increasing benefits and compensation rates, and labor shortages are significant factors driving the deployment. More and more warehousing, distribution, and fulfillment facilities are investing in automated solutions. As technology improves and the applications become wider and more flexible, robotics is being adopted by a more significant number of manufacturing operations across regions.
North America to Hold a Significant Market Share
- The North American region is among the leading innovators and pioneers in terms of the adoption of robotics and is one of the largest markets. The primary reason for the growth of the market is the increasing adoption of these collaborative robots across numerous industries.
- Moreover, there has been significant adoption of robotic surgery in the United States. The annual procedure volume for robotic surgery is greater than 5,00,000 in the United States. In order to build brand image and competitive advantage, robotic surgery has become the most rapidly adopted medical device over the past two decades. This is likely to fuel the need for robots in the medical and healthcare sector in the region.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Collaborative Robot Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Collaborative Robot Market (%),2016 - 2026
- Collaborative Robot Market Share, By Brand
- Collaborative Robot Market Share, By Company
- Collaborative Robot Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Collaborative Robot Market Value Analysis & Forecast
- Promising Collaborative Robot Development by Major Companies
- Detailed Collaborative Robot Portfolio of the Major Companies
- Major Deals in the Collaborative Robot Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082593000/collaborative-robot-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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