Collaborative Robot Market 2021 Global Outlook- Universal Robots AS, Fanuc Corp., TechMan Robot Inc., Rethink Robotics GmbH, AUBO Robotics USA

The report presents an in-depth assessment of the Collaborative Robot Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Collaborative Robot from 2022 till 2026. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

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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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Collaborative Robot Market: 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.

Key Developments:

- 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.

Market Overview:

- The industries using robots face constant pressure, primarily to reduce operating costs while increasing productivity and maintaining the required quality levels. For instance, in March 2020, Yaskawa launched the HC20XP Human-Collaborative Robot. It features precise hand-guided teaching for the fast implementation of a robot system. The new 20 kg payload collaborative robot is suited for applications where the robots are needed to safely work with or in close proximity to humans. The industry's first IP67-rated collaborative robot is equipped for continuous use in damp or splash-prone environments.
- The collaborative robots in the market are also becoming more affordable, easier to use, and less complex for training purposes. This will primarily offer multiple options to organizations, which will increase the drive and the demand for these robots. Collaborative robots enable industries of all sizes and scales to stay competitive as these robots use the latest sensors, plug and play technologies, and automatic robot programming from CAD data.

Regional Analysis For Collaborative Robot Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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.
- Robots play a crucial role in industrial automation, with many core operations in industries being managed by them. Robots can take up complicated, repetitive tasks with accuracy, even in hazardous environments. For this very reason, they have been employed in manufacturing units across most of the industries. According to a study by UiPath, over 88% of the organizations believe that automation will accelerate human achievement and effective when it complements humans.

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Influence of the Collaborative Robot Market Report:
-Comprehensive assessment of all opportunities and risks in the Collaborative Robot market.
-The detailed study of business strategies for the growth of the Collaborative Robot market-leading players.
-Conclusive study about the growth plot of the Collaborative Robot market for forthcoming years.
-In-depth understanding of Collaborative Robot market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Collaborative Robot market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Collaborative Robot Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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