Collaborative Robot Market Key Players, Growth Rate, Share, Demands, Trend and Forecasts to 2031

Revolutionizing Industries: The Global Collaborative Robot Market

The global industrial landscape is undergoing a significant transformation as automation takes center stage. Collaborative robots, or cobots, are emerging as a driving force behind this transformation, offering advanced capabilities that enhance efficiency, safety, and productivity. According to Transparency Market Research's latest research report, the collaborative robot market is poised for substantial growth during the forecast period, driven by the adoption of mobile logistics robots and the surge in demand for material handling robots

Mobile Logistics Robots: Redefining Warehousing and Fulfillment

Collaborative robots are finding a crucial role in revolutionizing logistics operations. Particularly, Autonomous Mobile Robots (AMRs) are gaining traction for their ability to perform pick-and-place activities with precision and speed. Large warehouses are employing these robots to ensure accurate, consistent, and rapid movement of goods. The International Federation of Robotics (IFR) reported a 66% increase in sales of logistic collaborative robots in 2018, reaching a total market value of US$ 3.9 billion.

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AMRs are enabling warehouses to achieve enhanced productivity, reduced wasteful motions, cost savings in terms of labor, and improved safety. Their capability to navigate dynamic environments, intelligently pick and transfer objects, and operate faster than manual processes is propelling their adoption.

Elevating Efficiency through Material Handling Robots

Material handling is a critical aspect of various industries, and collaborative robots are transforming this domain. Technological breakthroughs have enabled material-handling cobots to collaborate directly with human workers, promoting safety and efficiency. Emerging exoskeleton technologies are also enhancing the physical capabilities of human workers while protecting them from occupational injuries.

Material handling cobots are being deployed to automate physically demanding, hazardous, repetitive, and monotonous tasks on production lines. These robots boost production efficiency, improve quality, and reduce the risk of injuries. With the ability to handle diverse payloads, they are finding applications across industries such as automotive, electronics, food and beverage, medical, and more.

Key Players and Innovations

Several key players are driving innovation in the collaborative robot market. ABB Ltd., for instance, has introduced new cobot families, GoFa and SWIFTI, with higher payloads and speeds. Mitsubishi Electric Corporation's MELFA ASSISTA series focuses on safety and compliance, making them ideal for manufacturing environments. Omron Corporation's TM Series Collaborative Robot simplifies automation of repetitive tasks, enhancing productivity while ensuring safety.

Market Forecast and Growth

The collaborative robot market is projected to witness remarkable growth, with a forecasted value of US$ 33.95 billion by 2031, reflecting a robust CAGR of 41.3%. The adoption of these robots in various industries is driven by the need for efficiency, safety, and enhanced quality. The competition landscape showcases key players like ABB Ltd., Universal Robots AS, KUKA AG, and more, each contributing to the advancement of the collaborative robot industry.

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Collaborative robots are reshaping industries by offering advanced automation solutions that enhance efficiency, productivity, and safety. Their role in mobile logistics and material handling is transforming warehouse operations and manufacturing processes. With a thriving market and ongoing innovations, the collaborative robot industry is set to propel industries toward a future of enhanced performance and sustainability.

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