Press release
Material Handling Segment Offers Unprecedented Support to Global Collaborative Robot Market
Collaborative robots are tools designed and developed for automating tasks and making work simpler for humans. The continuous development in the automation industry is expected to boost the growth of the global collaborative robot market in the coming years. The safety of these robots has increased their demand in various end-user industries are they can perfectly work in tandem with the human workforce. The report states that the global collaborative robot market is expected to be worth US$95.0 bn by the end of 2024 as compared to US$10.3 bn in 2015. Between the forecast years of 2016 and 2024, the global market is anticipated to expand at a CAGR of 30.0%.
Request Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15536
The global collaborative robot market is expected to be fueled by the wide range of collaborative robots that have allowed automation companies the chance to pick the perfect product. Furthermore, the ability of these machines to work with other workforces without interference and without any stringent needs for safety are also augmenting the demand for collaborative robots. The movements of these robots can be easily programmed through logical processes that include intuitive tools.
The report states the growing need for automation in sectors such as packaging, automotive, food and beverages among others will definitely contribute to the soaring revenue of the global market. Currently, these robots are predominantly being used for material handling, packaging, machine tending, and assembly tasks. A unique feature of collaborative robots is their force-limited joints, which have been designed with utmost deliberation to identify forces due to impact and react quickly. The low weight of collaborative robots has played an important role in the growth of the global market.
On the basis of application, the global collaborative robots market is segmented into packaging, material handling, quality testing, assembling, machine tending, welding, and others. Material handling segment accounted for the highest market share in the global collaborative robot market. These robots play an important role in storing of materials in distribution centers and warehouses. Depending on payloads the collaborative robot market is bifurcated into up to 5 kg, 6-10 kg, and above 10 kg. The various capacities of collaborative robots also have different sensors. These have rounded edges for safety purposes and to reduce the risk of impact.
Browse Research Report@ https://www.transparencymarketresearch.com/collaborative-robots-market.html
Europe Dominates Global Market as Region Emphasizes on Automation
On the basis of geography, the global collaborative robot market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. As of 2015, Europe dominated the global market in 2015 in terms of revenue. The steady focus on automation has kept the demand for collaborative robots in the region at an all-time high. As of 2015, Europe collaborative robot market held a share of 36.4% in the overall market. Analysts predict that North America will follow the lead in terms of revenue as the region’s economy climbs back to normalcy after the slump. Asia Pacific is also expected to offer several lucrative opportunities to the global market in the coming years as the manufacturing activities gain momentum.
The key players operating in the global collaborative robot market are ABB Ltd., Fanuc Corporation, Kuka Ag, Teradyne Inc., Robert Bosch GmbH, Rethink Robots, Energid Technologies, F & P Robotics AG, Nachi Robotic Systems, Inc., and Kawasaki Heavy Industries, Ltd. among others.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Material Handling Segment Offers Unprecedented Support to Global Collaborative Robot Market here
News-ID: 788285 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for Robot
Robot Pet Care Market 2022 Precise Outlook|Litter-Robot, Hexbug, CatGenie - Petn …
The Robot Pet Care Market report is a great source of insightful data for business strategists. It gives an overview of the industry, as well as growth projections and historical and forecasted cost, revenue, demand, and supply statistics (as applicable). The research experts provide a detailed overview of the value chain as well as a study of its distributors. The Robot Pet Care Market analysis contains in-depth information that will…
Cyber Security in Robotics Market to 2027 - Global Analysis and Forecasts by Com …
Cybersecurity concerns have been most important for industrialists. Fast progress made by robotics in our day to day lives is creating a strong automation effect in a wide-ranging range of grounds. With every passing day, the abilities of robotics have innovated from the installation of new control systems and manipulators, new sensors, and power supply systems. Robotic process automation (RPA) is growing popularity in cybersecurity in robotics. Organizations are looking…
Robotic Polishing Machine Market Size 2019 - Logen Robot, DANBACH ROBOT, MEPSA
Robotic Polishing Machine Market Research Report Formulates with historic data up to 2019 and gives a forecast for 2019-2024. The report gives a comprehensive outlook of the market including the current market status, historic, and expected way forward for the global Robotic Polishing Machine market. The report inspects market size, key trends, technologies, challenges, product scope, industry revenue, and growth opportunities. The report delivers data on the drivers and restraints…
Flexiv Ushers In 3rd Gen Robot With Launch Of Adaptive Robot Arm
• Product launch of world’s first adaptive robot at Hannover Messe 2019
• Broader set of task applications - can be applied to different scenarios and industries, even in uncertain environments
• Bottom-up innovation and all-inclusive robot design for great adaptivity
• Proprietary force control and AI technology from top AI and robotics researchers
HANNOVER, Germany, April 2, 2019 – Flexiv Ltd. today ushered in a new generation of industrial robot with the launch of…
Robotics Market by Data Type (Automotive Robot, Mobile Robot, Industrial Robot, …
Global Robotics Market was valued at USD 46.18 Billion in the year 2017. Global Robotics market is further estimated to grow at a CAGR of 13.52% from 2018 to 2023 to reach USD 112.6 billion by the year 2023. Asia-Pacific region holds the highest market share in 2017 and North America market is considered as the fastest growing market in the forecasted period. At country level China, Japan and India…
Pipeline Robot Market Competitive Strategies of Key Manufacturers: Diakont, Trio …
The qualitative research study conducted by HTF MI titled “Global Pipeline Robot Market Research Report 2018” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Pipeline Robot market. The study provides forecasts for Pipeline Robot investments till 2022.
If you are involved in the Pipeline Robot industry or intend to be, then this…
