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Collaborative Robot Market Size to Reach US$ 50.8 Billion by 2032 at a 37.98% CAGR

12-19-2023 12:18 PM CET | Media & Telecommunications

Press release from: IMARC Group

Collaborative Robot Market Size to Reach US$ 50.8 Billion by 2032

IMARC Group's report titled "๐‚๐จ๐ฅ๐ฅ๐š๐›๐จ๐ซ๐š๐ญ๐ข๐ฏ๐ž ๐‘๐จ๐›๐จ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ฒ ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ (๐‡๐š๐ซ๐๐ฐ๐š๐ซ๐ž, ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž), ๐๐š๐ฒ๐ฅ๐จ๐š๐ (๐”๐ฉ๐ญ๐จ ๐Ÿ“ ๐Š๐ , ๐Ÿ“-๐Ÿ๐ŸŽ ๐Š๐ , ๐€๐›๐จ๐ฏ๐ž ๐Ÿ๐ŸŽ ๐Š๐ ), ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐‡๐š๐ง๐๐ฅ๐ข๐ง๐ , ๐๐ข๐œ๐ค ๐š๐ง๐ ๐๐ฅ๐š๐œ๐ž, ๐€๐ฌ๐ฌ๐ž๐ฆ๐›๐ฅ๐ฒ, ๐๐š๐ฅ๐ฅ๐ž๐ญ๐ข๐ณ๐ข๐ง๐  ๐š๐ง๐ ๐ƒ๐ž-๐๐š๐ฅ๐ฅ๐ž๐ญ๐ข๐ณ๐ข๐ง๐ , ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐„๐ง๐ ๐”๐ฌ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ (๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž, ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ, ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐ , ๐…๐จ๐จ๐ ๐š๐ง๐ ๐๐ž๐ฏ๐ž๐ซ๐š๐ ๐ž, ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ ๐š๐ง๐ ๐๐ก๐š๐ซ๐ฆ๐š๐œ๐ž๐ฎ๐ญ๐ข๐œ๐š๐ฅ, ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐š๐ง๐ ๐‘๐ž๐ ๐ข๐จ๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ". 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…๐จ๐ซ ๐š๐ง ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ฒ๐จ๐ฎ ๐œ๐š๐ง ๐ซ๐ž๐Ÿ๐ž๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/collaborative-robot-market/requestsample

๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐€๐Ÿ๐Ÿ๐ž๐œ๐ญ๐ข๐ง๐  ๐ญ๐ก๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‚๐จ๐ฅ๐ฅ๐š๐›๐จ๐ซ๐š๐ญ๐ข๐ฏ๐ž ๐‘๐จ๐›๐จ๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:

โ€ข ๐‹๐š๐›๐จ๐ซ ๐’๐ก๐จ๐ซ๐ญ๐š๐ ๐ž๐ฌ ๐š๐ง๐ ๐‘๐ข๐ฌ๐ข๐ง๐  ๐‹๐š๐›๐จ๐ซ ๐‚๐จ๐ฌ๐ญ๐ฌ:

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.

โ€ข ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ข๐ง๐  ๐…๐จ๐œ๐ฎ๐ฌ ๐จ๐ง ๐–๐จ๐ซ๐ค๐ฉ๐ฅ๐š๐œ๐ž ๐’๐š๐Ÿ๐ž๐ญ๐ฒ:

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.

โ€ข ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ:

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.

๐‹๐ž๐š๐๐ข๐ง๐  ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐‚๐จ๐ฅ๐ฅ๐š๐›๐จ๐ซ๐š๐ญ๐ข๐ฏ๐ž ๐‘๐จ๐›๐จ๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:

โ€ข ABB Ltd.
โ€ข AUBO (Beijing) Robotics Technology Co. Ltd.
โ€ข DENSO WAVE Incorporated (Denso Corporation)
โ€ข Doosan Robotics Inc. (Doosan Group)
โ€ข Fanuc Corporation
โ€ข Kawasaki Heavy Industries Ltd.
โ€ข KUKA AG (Midea Group)
โ€ข Omron Corporation
โ€ข Precise Automation Inc. (Brooks Automation Inc)
โ€ข Rethink Robotics GmbH
โ€ข TechMan Robot Inc. (Quanta Storage Inc.)
โ€ข Universal Robots (Teradyne Inc)
โ€ข Yaskawa Electric Corporation.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚: https://www.imarcgroup.com/collaborative-robot-market

๐‚๐จ๐ฅ๐ฅ๐š๐›๐จ๐ซ๐š๐ญ๐ข๐ฏ๐ž ๐‘๐จ๐›๐จ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ฒ ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ:
โ€ข Hardware
โ€ข Software

Hardware represents the largest segment as it comprises the integral components responsible for the proper functioning of robots.

๐๐ฒ ๐๐š๐ฒ๐ฅ๐จ๐š๐:
โ€ข Upto 5 Kg
โ€ข 5-10 Kg
โ€ข Above 10 Kg

Upto 5 kg accounted for the biggest market share due to its effectiveness in enhancing operational efficiency.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:
โ€ข Material Handling
โ€ข Pick and Place
โ€ข Assembly
โ€ข Palletizing and De-Palletizing
โ€ข Others

Material handling exhibits a clear dominance in the market as it heavily relies on cobots for maintaining productivity and operational efficiency.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โ€ข Automotive
โ€ข Electronics
โ€ข Manufacturing
โ€ข Food and Beverage
โ€ข Chemicals and Pharmaceutical
โ€ข Others

Automotive accounts for the majority of the market share due to their dependence on cobots for conducting effective manufacturing processes.

๐๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง:
โ€ข North America (U.S. & Canada)
โ€ข Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
โ€ข Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
โ€ข Latin America (Brazil, Mexico)
โ€ข 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.

๐†๐ฅ๐จ๐›๐š๐ฅ ๐‚๐จ๐ฅ๐ฅ๐š๐›๐จ๐ซ๐š๐ญ๐ข๐ฏ๐ž ๐‘๐จ๐›๐จ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

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.

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ง๐ž๐ž๐ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

Browse Other Related Reports:

Japan Social and Emotional Learning Market: https://www.imarcgroup.com/japan-social-emotional-learning-market

Gold Potassium cyanide Market: https://www.imarcgroup.com/gold-potassium-cyanide-market

Fluid Loss Additives Market: https://www.imarcgroup.com/fluid-loss-additives-market

Ice Cream Parlor Market: https://www.imarcgroup.com/ice-cream-parlor-market

Green Coffee Market: https://www.imarcgroup.com/green-coffee-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

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

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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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