Press release
Collaborative Robot Market Size to Reach US$ 50.8 Billion by 2032 at a 37.98% CAGR
IMARC Group's report titled "๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐จ๐๐จ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ (๐๐๐ซ๐๐ฐ๐๐ซ๐, ๐๐จ๐๐ญ๐ฐ๐๐ซ๐), ๐๐๐ฒ๐ฅ๐จ๐๐ (๐๐ฉ๐ญ๐จ ๐ ๐๐ , ๐-๐๐ ๐๐ , ๐๐๐จ๐ฏ๐ ๐๐ ๐๐ ), ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง (๐๐๐ญ๐๐ซ๐ข๐๐ฅ ๐๐๐ง๐๐ฅ๐ข๐ง๐ , ๐๐ข๐๐ค ๐๐ง๐ ๐๐ฅ๐๐๐, ๐๐ฌ๐ฌ๐๐ฆ๐๐ฅ๐ฒ, ๐๐๐ฅ๐ฅ๐๐ญ๐ข๐ณ๐ข๐ง๐ ๐๐ง๐ ๐๐-๐๐๐ฅ๐ฅ๐๐ญ๐ข๐ณ๐ข๐ง๐ , ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐ง๐ ๐๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ (๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐, ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ, ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐ข๐ง๐ , ๐ ๐จ๐จ๐ ๐๐ง๐ ๐๐๐ฏ๐๐ซ๐๐ ๐, ๐๐ก๐๐ฆ๐ข๐๐๐ฅ๐ฌ ๐๐ง๐ ๐๐ก๐๐ซ๐ฆ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ, ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐-๐๐๐๐". The global collaborative robot market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.8 Billion by 2032, exhibiting a growth rate (CAGR) of 37.98% during 2024-2032.๐ ๐จ๐ซ ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ฒ๐จ๐ฎ ๐๐๐ง ๐ซ๐๐๐๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/collaborative-robot-market/requestsample
๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐๐๐๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐จ๐๐จ๐ญ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โข ๐๐๐๐จ๐ซ ๐๐ก๐จ๐ซ๐ญ๐๐ ๐๐ฌ ๐๐ง๐ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐๐จ๐ซ ๐๐จ๐ฌ๐ญ๐ฌ:
In many industries, there is a growing challenge of labor shortages, particularly in tasks that are repetitive, hazardous, or require precision. Collaborative robots offer a solution by augmenting the human workforce, leading to increased productivity and efficiency. The integration of advanced technologies like cobots can also make industries more appealing to the younger, tech-savvy generation. In sectors where skilled labor is scarce, or the work environment is challenging, cobots offer a way to maintain production levels without relying heavily on human labor. This is particularly relevant in industries like manufacturing, where precision and consistency are paramount.
โข ๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐จ๐ซ๐ค๐ฉ๐ฅ๐๐๐ ๐๐๐๐๐ญ๐ฒ:
The increasing focus on workplace safety is contributing to the market growth. The adoption of robots is largely influenced by the growing emphasis on enhanced safety standards in industrial settings. Robots are inherently designed to be safe for interaction with human workers. They are equipped with sensors, soft padding, and force-limiting capabilities to prevent accidents and injuries. This makes them ideal for tasks that might pose risks to human workers, such as handling heavy or hazardous materials. Moreover, the rising implementation of stringent regulatory frameworks that mandate higher safety measures in workplaces is propelling the market growth.
โข ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ:
Modern robots are equipped with sophisticated sensing technologies that enable them to perceive their environment in unprecedented detail. These sensors, combined with advanced vision systems, allow robots to perform tasks with a high degree of precision and adapt to changes in their surroundings. This capability is crucial for tasks requiring fine motor skills or working in dynamic environments. Technological advancements are also leading to improved safety features in robots. Modern robots are designed with advanced safety mechanisms, such as force-limited joints, collision detection, and responsive stop functions. These features ensure safe interaction between robots and human workers, making them suitable for a wide range of collaborative tasks.
๐๐๐๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐จ๐๐จ๐ญ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โข ABB Ltd.
โข AUBO (Beijing) Robotics Technology Co. Ltd.
โข DENSO WAVE Incorporated (Denso Corporation)
โข Doosan Robotics Inc. (Doosan Group)
โข Fanuc Corporation
โข Kawasaki Heavy Industries Ltd.
โข KUKA AG (Midea Group)
โข Omron Corporation
โข Precise Automation Inc. (Brooks Automation Inc)
โข Rethink Robotics GmbH
โข TechMan Robot Inc. (Quanta Storage Inc.)
โข Universal Robots (Teradyne Inc)
โข Yaskawa Electric Corporation.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐: https://www.imarcgroup.com/collaborative-robot-market
๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐จ๐๐จ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ:
โข Hardware
โข Software
Hardware represents the largest segment as it comprises the integral components responsible for the proper functioning of robots.
๐๐ฒ ๐๐๐ฒ๐ฅ๐จ๐๐:
โข Upto 5 Kg
โข 5-10 Kg
โข Above 10 Kg
Upto 5 kg accounted for the biggest market share due to its effectiveness in enhancing operational efficiency.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
โข Material Handling
โข Pick and Place
โข Assembly
โข Palletizing and De-Palletizing
โข Others
Material handling exhibits a clear dominance in the market as it heavily relies on cobots for maintaining productivity and operational efficiency.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โข Automotive
โข Electronics
โข Manufacturing
โข Food and Beverage
โข Chemicals and Pharmaceutical
โข Others
Automotive accounts for the majority of the market share due to their dependence on cobots for conducting effective manufacturing processes.
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
โข North America (U.S. & Canada)
โข Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
โข Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
โข Latin America (Brazil, Mexico)
โข Middle East & Africa
Asia Pacific's dominance in the collaborative robot market is attributed to rising investment in research and development (R&D activities for improving the functionalities of cobots.
๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐จ๐๐จ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The relatively lower cost and ease of implementation of cobots are making them accessible to small and medium-sized enterprises (SMEs). Several governments globally are promoting the adoption of industrial automation through subsidies, grants, and favorable policies. Additionally, regulations around worker safety are becoming more stringent, encouraging the adoption of cobots.
One of the defining characteristics of cobots is their ability to collaborate safely with humans. Unlike traditional robots that often require cages or safety zones, cobots can work alongside human workers without the need for extensive safety barriers. This collaboration can lead to more ergonomic work environments where the strengths of both humans and robots are optimized.
๐๐จ๐ญ๐: ๐๐ ๐ฒ๐จ๐ฎ ๐ง๐๐๐ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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