Published on 29 Jun 2019:

Meticulous Research® – leading global market research company is researching on collaborative robots market titled “Collaborative Robots Market by Component (Software, Hardware), Payload Capacity (Up to 5 Kg, between 5 & 10kg, Above 10kg), Application (Assembly, Pick & Place, Material Handling), Industry (Automotive, Electronics, Metals & Machining) and Geography-Global Forecast to 2025”.

The use of the robot to automate high volume repetitive task is a common practice across the globe. In various industries, human effort in high volume repetitive workflows replaces with robots to reduce the cost and improve productivity. The various factors such as lack of available workers, increasing labor costs, shortening of the product cycle, and higher product mixes are driving the growth of the collaborative robots market across the globe. In addition, the rising need for greater automation flexibility, requirement to save floor space, and need to eliminate safety fences are further supporting the growth of the collaborative robots market.

Browse in depth report: https://www.meticulousresearch.com/product/collaborative-robots-market-5014/ 

Pick and Place Application to Witness Largest Gains

Pick and place commanded the largest share of the collaborative robots market in 2018. The major share of this segment is due to its advantages such as easy loading/unloading operations, reduction in human involvement in picking and placing of bulk and heavy product, and timesaving (as these machines are faster than the human laborers).

Automotive Industry Dominates the Collaborative Robots Market

Automotive industry commanded the largest share of the collaborative robots market in 2018, owing to rising demand of co-bots to perform various repetitive and tedious task present in the automotive industry to increase the cost-effectiveness of the process. In addition, these robots are also used to perform other several crucial tasks such as pick and place, quality inspection, packaging and palletizing, machine tending, and material handling by offering a safe working environment in the automotive production.

Europe Dominates the Market, While Asia­-Pacific leads the Growth

Europe commanded the largest share of the global collaborative robots market in 2018, followed by the Asia Pacific and North America. The major share of this region is mainly attributed to rising government support to promote the use of factory automation solutions. However, Asia-pacific region is projected to grow at a significant pace in the next few years, mainly due to rising demand for collaborative robots in emerging economies such as China, Japan, and South Korea, especially for industries including automotive, electronics, and metals and machining. 

Key players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 5 years (2015-2019). The key players operating in the global collaborative robots market are Universal Robots A/S (Denmark), ABB (Switzerland), Rethink Robotics GmbH (Germany), KUKA AG (China), FANUC CORPORATION (Japan), Robert Bosch GmbH (Germany), Precise Automation, Inc. (U.S.), MRK-Systeme GmbH (Germany), Energid Technologies Corporation (U.S.), F&P Robotics AG (Switzerland), Kawasaki Heavy Industries, Ltd. (Japan), Teradyne Inc. (U.S.), MABI Robotic AG (Switzerland), Quanta Storage Inc. (Taiwan), and HAHN Robotics GmbH (Germany).

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