Collaborative Robots Transforming Industries: Global Market Reaches USD 18.2 Billion in 2022, Projected to Grow at a CAGR of 41.2% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Collaborative Robot market size accounted for USD 18.2 Billion in 2022, growing at a CAGR of 41.2% from 2023 to 2033. The collaborative robot market, also known as cobots, refers to the industry that deals with the development, manufacturing, and deployment of robots designed to work alongside humans collaboratively. Collaborative robots are specifically designed to interact and cooperate with human workers in a shared workspace, typically without the need for safety barriers or cages. The collaborative robot market has been experiencing rapid growth in recent years due to the increasing demand for flexible automation solutions that can improve productivity, efficiency, and safety in various industries. Unlike traditional industrial robots that are designed to operate autonomously in separate areas, cobots can work near humans, enabling closer collaboration and interaction between robots and human workers.
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Key Highlights:
• The global Collaborative Robot Market size was valued at USD 18.2 billion in 2022 growing at a CAGR of 41.2% from 2023 to 2033.
• Asia Pacific dominated the market in 2022
• North America is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Collaborative Robot Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Collaborative Robot market report also includes the following data points:
• COVID19 Impact on Collaborative Robot market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Collaborative Robot market
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Key Players
Some of the major Collaborative Robot players holding high market share include Universal Robots, Techman Robot, FANUC, and KUKA. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Universal Robots
• Techman Robot
• FANUC
• KUKA
• Doosan Robotics
• AUBO Robotics
• ABB
• YASKAWA
• Precise Automation
• Rethink Robotics
Segmental Analysis
Market Segment By Payload with focus on market share, consumption trend, and growth rate of Collaborative Robot Market:
o Up to 5 kg
o 5-10 kg
o More than 10 kg
Market Segment By Application with focus on market share, consumption trend, and growth rate of Collaborative Robot Market:
o Handling
o Assembling and Disassembling
o Welding and Soldering
o Dispensing
o Others
Market Segment By industry with a focus on market share, consumption trend, and growth rate of the Collaborative Robot Market:
o Automotive
o Electronics
o Metals
o Machining
o Food & Beverages
o Others
Parameters Details
Market Size (2022) $ 18.2 Billion
CAGR (2023 to 2033) 41.2%
Market Segmentation Payload, Application, Industry
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Collaborative Robot Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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