Collaborative Robots Market will generate new growth opportunities 2024-2031 

Global Collaborative Robots Market size was valued at USD 815.40 million in 2022 and is poised to grow from USD 914.88 million in 2023 to USD 2297.77 million by 2031, growing at a CAGR of 12.20% during the forecast period (2024-2031).



The Research report on Collaborative Robots Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.



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Segmental Analysis

Component
Hardware, Software
Payload
Up to 5 kg, 5-10 kg, 10-25 kg, More than 25 kg
Application
Hardware, software
Application
Handling (Pick-And-Place, Material Handling, Packaging & Palletizing, Machine Tending), Assembling & Dissembling (Nut Fastening, Screwdriving), Welding & Soldering, Pick & Place, Positioning, Processing (Grinding, Milling, Cutting), Others
End-User
Automotive, Electronics & Semiconductors, Metals & Machining, Plastics & Polymers, Food & Beverages, Healthcare, Logistics, Others


Market Dynamics

Drivers

Emphasis on Worker Safety

Use of collaborative robots can help worker safety which has become highly important for all organizations around the world. Growing number of companies investing in improving worker safety and implementation of new worker safety mandates are predicted to help promote sales of collaborative robots over the coming years.
Advancements in Robotics

Robotics technology is advancing rapidly and is now more capable of being collaborative than ever before. Moreover, integration of other advanced technologies such as artificial intelligence and IoT is helping to improve the collaborative capabilities of robotics technologies.


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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report

• ABB Group• DENSO Robotics• Fanuc Corporation• Universal Robots A/S (Denmark) • Kawasaki Heavy Industries, Ltd. (US) • AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD (China) • KUKA AG (Germany) • Denso Corporation (South Korea) • YASKAWA ELECTRIC CORPORATION (Japan) • Rethink Robotics GmBH (Germany) • Siasun. Robot & Automation Co., Ltd. (China) • Franka Emika GmbH (Germany) • Comau S.p.A. (Italy) • Hanwa Corporation (South Korea) • Stäubli International AG (Switzerland) • Bosch Rexroth AG (Germany) • Productive Robotics, LLC (US) • NEURA Robotics GmbH (Germany) • ElephantRobotics (China) • Elite Robots (China)



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The research provides answers to the following key questions:

• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Collaborative Robots Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Collaborative Robots Market?
• What are the prominent market trends influencing the development of the Collaborative Robots Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Collaborative Robots Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?

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