Press release
Collaborative Robot (Cobot) Market to Witness Huge Growth by 2030 |(CAGR) of 24%| ABB Ltd., Universal Robots., Rethink Robotics.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol129
Factors Influencing
The beneficial applications of cobot or collaborative robots are expected to raise their adoption during the forecast period. The collaborative robots provide excellent industrial automation solutions and help establish a safe working environment. With these features, the global collaborative robot (Cobot) market is expected to gain traction during the forecast period.
Due to strong government funding to promote automotive solutions, the global collaborative robot (Cobot) market is projected to offer beneficial opportunities to the market players in the future.
In 2017, Japan invested $30 million in a robot revolution after determining the country's future. Furthermore, the South Korean ministry intends to promote robot demand by employing more service robots in the public sector. As a result, the future collaborative robot (Cobot) market is expected to grow in the coming years.
The reasonable price of the collaborative robots is expected to enhance their adoption during the analysis period.
The efficient working capability of collaborative robots enhances the productivity of the work. As a result, it would propel the growth of the market in the coming years. According to Universal Robot Company, collaborative robots can automate anything, from assembly to painting, screw-driving to labeling, etc. These applications of these robots have proven beneficial in various industries, including food and agriculture, pharmaceutical & medical, electronic & technology, and automotive & subcontractors.
Collaborative robots require regular software up-gradation and reprogramming. As a result, it would slow down the growth of the global collaborative robot market.
Geographic Analysis
Regionally, the Asia Pacific region is observed as the highest contributor to the expansion of the global collaborative robot (Cobot) market. The industrial growth in China, India, Japan, and other South-East Asian countries has positively influenced the robotics integration for various tasks. Furthermore, government and private companies are highly investing in the sector. As a result, it would accelerate the growth of the overall collaborative robot market.
In addition, North America and Europe hold the second and third largest share in the collaborative robot market, owing to the expansion of the industrial sector in the region.
Request Full Report :-
https://reportocean.com/industry-verticals/sample-request?report_id=Pol129
COVID-19 Impact Analysis
The use of collaborative robots suddenly declined during the COVID-19 pandemic. It is due to the stringent regulations that are lockdown imposed by various countries. Most of the industrial sector had to stop their activities for a short period. As a result, it affected trade activities.
Market Segmentation
By Payload Capacity
Up to 5kg
Up to 10kg
above 10kg
By Application
Assembly
Pick & Place
Handling
Packaging
Quality Testing
Machine Tending
Gluing & Welding
Others
By Industry
Automotive
Food & Beverage
Furniture & Equipment
Plastic & Polymers
Metal & Machinery
Electronics
Pharmaceutical
Inquire more and share questions if any before the purchase on this report at:-https://reportocean.com/industry-verticals/sample-request?report_id=Pol129
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Competitors in the Market
ABB Ltd.
Universal Robots.
Rethink Robotics.
Kuka AG.
Fanuc Corporation.
Yaskawa Electric Corporation.
Mrk-Systeme GmbH.
Precise Automation.
F&P Robotics AG.
Franka Emika GmbH.
Other prominent players
What is the goal of the report?
-The market report presents the estimated size of the ICT market at the end of the forecast -period.
-The report also examines historical and current market sizes.
-During the forecast period, the report analyzes the growth rate, market size, and market valuation.
-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol129
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES Tel: +1 888 212 3539 (US - TOLL FREE)
Website:https://www.reportocean.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Collaborative Robot (Cobot) Market to Witness Huge Growth by 2030 |(CAGR) of 24%| ABB Ltd., Universal Robots., Rethink Robotics. here
News-ID: 2864884 • Views: …
More Releases from Report Ocean
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan.
Internet Advertising are set…
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders…
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030.
This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,…
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,…
More Releases for Cobot
My colleague and friend, the cobot
12.04.2024
Industrial automation is a key component of modern manufacturing and involves the use of automated systems and technologies that control, monitor and optimize production processes. In a constantly evolving environment characterized by terms like Industry 4.0, robotics, digitalization and AI, collaborative robots are becoming increasingly important.
Cobots are an innovative form of robots that, unlike conventional industrial robots, can work alongside humans without the need for protective devices. With their ability…
Global COBOT Market Analysis and Forecast, 2019-2028
The global COBOT market is estimated at US$ 1.4 billion in 2022 and is expected to grow at a significant CAGR of over 24% over the forecast period of 2019-2028.
Market Scope and Report Overview
According to a deep-dive market assessment by RationalStat, the global COBOT market has been analyzed on the basis of market segments, including payload capacity, application, end-user, and geography/regions (incl. North America, Latin America, Western Europe, Eastern…
Smart Packaging - Cobot, take over label!
cab solutions have been enabling reliable labeling for more than 45 years. Companies specialized in the packing of industrial and consumer goods appreciate the wide range of operations possible with the units and systems, as well as their integrability to fully automatic packing lines. At the cab Fachpack booth, a collaborative robot application complements proven disciplines of labeling.
Already in 2012 cab demonstrated with an early HERMES system how to apply…
Collaborative Robot (Cobot) Market 2021 | Detailed Report
Global Collaborative Robot (Cobot) Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC, Tables and…
Cobot Market Size, Growth, Trend and Forecast 2024
Cobot Market Reports
Ozone Market Reports projects that the Collaborative Robots market size will grow from USD XX Million in 2018 to USD XX Million by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
By Market Players:
ABB
KUKA AG
FANUC Corporation
…
Cobot Arms and Grippers of Cobot Intel to Make a Difference in Employment Costs
To cut down your overall costs involved in employment, Cobot Intel has within their products list cobot arms and grippers that can be used effectively for improved performance.
To know more about Cobot Intelligence and how their Collaborative arms and grippers can reduce employment costs in industries, visit:
https://cobotintel.com/collaborative-robot-arm
Cobots are the best alternatives which aid in automating the industry performance. The cobot accessories like arms and grippers can save the employment…
