Market Overview:
The global industrial cobot market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cobots in various industrial applications, such as automotive, electronics, metal and machining, plastic and polymers, food and beverages, and others. Cobots are increasingly being adopted owing to their ability to work safely alongside humans in close proximity. They are also easy-to-use and require minimal programming for operation. These factors are driving the adoption of cobots in various industries across the globe. The global industrial cobot market is segmented on the basis of type into upto 5kg cobots, 5-10 kg cobots, and above 10 kg cobots. The automotive industry is expected to account for the largest share of the global industrial cobot market by 2030 owing to its growing demand for advanced manufacturing processes that require collaborative robots with higher payload capacity.
Product Definition:
An industrial cobot is a robot designed to work with humans on manufacturing or assembly lines. They are often used for tasks that are too difficult or dangerous for human workers, such as welding, handling toxic materials, or operating heavy machinery. Industrial cobots can help companies improve safety and efficiency in their factories, and they are predicted to play a major role in the future of automation.
Upto 5kg Cobot:
Upto 5kg cobot is a type of industrial robot which can lift up to 5 kg load and has a maximum reach of around 6 meters. It's designed for small to medium-sized manufacturing units where the tasks are relatively simple and require limited movement. Upto 5kg cobots are mobile robots that can be used in various applications such as material handling, assembly line automation, packaging, etc.
5-10 kg Cobot:
5-10 kg cobot is a small sized industrial robot which is used for moving objects in manufacturing facilities. It's arm can carry up to 5 kg load and its reach can be adjusted between 0.9 - 3 meters. These robots are mainly used for repetitive tasks such as picking, placing, and transporting of heavy or light materials from one place to another within the facility by following predefined path or route.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 30% in 2017. The global automotive industry is witnessing a paradigm shift due to the growing adoption of advanced technologies such as autonomous cars and connected trucks. Cobots can be integrated into various stages of production, from metal cutting to paint applications, thereby enabling manufacturers to increase their output without compromising on quality.
Cobots are used across all manufacturing facilities providing flexibility and efficiency by eliminating bottlenecks caused due to slow or uncooperative humans. They have been proven effective in handling situations where human effort is required at only one end of a process (for instance; packaging) while avoiding other costs associated with them (laboratory pay, maintenance). Cobot-based solutions help manufacturers reduce operating costs by up to 25%, enhance productivity by 20%, while also reducing energy consumption by 23%. These advantages are expected drive their demand across numerous industries worldwide over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing adoption of cobots in several industries, especially in China, Japan, South Korea and India. This can be attributed to various factors such as increasing demand for automated equipment across numerous applications; rising industrialization; advancements in sensor technology; and cost-effective maintenance of equipment by robot rather than human workers. Moreover Cobot manufacturers are focusing on offering their products at lower prices thereby making them affordable for end users across countries such as China, Japan and India among others.
The Asia Pacific regional market is also anticipated to witness significant growth over the forecast period owing to increasing investments from major players who are looking forward towards gaining maximum revenue share possible within this region while maintaining low costs associated with production process itself thus enabling high profit margins overall which will eventually drive industry growth further.
Growth Factors:
- Increasing demand for industrial cobots from small and medium-sized enterprises (SMEs) due to the advantages of cobots over traditional industrial robots, such as low cost, easy programming and deployment, and high flexibility.
- Growing demand for collaborative robots from the automotive industry to improve safety and efficiency in manufacturing processes.
- Rising demand for cobots in food and beverage industries due to their ability to handle delicate tasks such as packing or handling food items without damaging them.
- Increasing adoption of cobots in logistics and warehouse operations owing to their ability to improve accuracy and speed while reducing labor costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Cobot Market Research Report
By Type
Upto 5kg Cobot, 5-10 kg Cobot, Above 10kg Cobot
By Application
Automotive, Electronics, Metal and Machining, Plastic and Polymers, Food and Beverages, Others
By Companies
Universal Robots, Rethink Robotics, ABB, Fanuc, KUKA, Kawasaki
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Cobot Market Report Segments:
The global Industrial Cobot market is segmented on the basis of:
Types
Upto 5kg Cobot, 5-10 kg Cobot, Above 10kg Cobot
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electronics, Metal and Machining, Plastic and Polymers, Food and Beverages, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Universal Robots
- Rethink Robotics
- ABB
- Fanuc
- KUKA
- Kawasaki
Highlights of The Industrial Cobot Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Upto 5kg Cobot
- 5-10 kg Cobot
- Above 10kg Cobot
- By Application:
- Automotive
- Electronics
- Metal and Machining
- Plastic and Polymers
- Food and Beverages
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Cobot Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial Cobot is a type of robot that is used in industrial settings. They are designed to help with tasks such as moving parts, cleaning, and handling materials.
Some of the key players operating in the industrial cobot market are Universal Robots, Rethink Robotics, ABB, Fanuc, KUKA, Kawasaki.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Cobot Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Cobot Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Cobot Market - Supply Chain
4.5. Global Industrial Cobot Market Forecast
4.5.1. Industrial Cobot Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Cobot Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Cobot Market Absolute $ Opportunity
5. Global Industrial Cobot Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Cobot Market Size and Volume Forecast by Type
5.3.1. Upto 5kg Cobot
5.3.2. 5-10 kg Cobot
5.3.3. Above 10kg Cobot
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Cobot Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Cobot Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electronics
6.3.3. Metal and Machining
6.3.4. Plastic and Polymers
6.3.5. Food and Beverages
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Cobot Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Cobot Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Cobot Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Cobot Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Cobot Demand Share Forecast, 2019-2026
9. North America Industrial Cobot Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Cobot Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Cobot Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electronics
9.4.3. Metal and Machining
9.4.4. Plastic and Polymers
9.4.5. Food and Beverages
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Cobot Market Size and Volume Forecast by Type
9.7.1. Upto 5kg Cobot
9.7.2. 5-10 kg Cobot
9.7.3. Above 10kg Cobot
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Cobot Demand Share Forecast, 2019-2026
10. Latin America Industrial Cobot Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Cobot Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Cobot Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electronics
10.4.3. Metal and Machining
10.4.4. Plastic and Polymers
10.4.5. Food and Beverages
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Cobot Market Size and Volume Forecast by Type
10.7.1. Upto 5kg Cobot
10.7.2. 5-10 kg Cobot
10.7.3. Above 10kg Cobot
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Cobot Demand Share Forecast, 2019-2026
11. Europe Industrial Cobot Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Cobot Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Cobot Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electronics
11.4.3. Metal and Machining
11.4.4. Plastic and Polymers
11.4.5. Food and Beverages
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Cobot Market Size and Volume Forecast by Type
11.7.1. Upto 5kg Cobot
11.7.2. 5-10 kg Cobot
11.7.3. Above 10kg Cobot
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Cobot Demand Share, 2019-2026
12. Asia Pacific Industrial Cobot Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Cobot Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Cobot Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electronics
12.4.3. Metal and Machining
12.4.4. Plastic and Polymers
12.4.5. Food and Beverages
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Cobot Market Size and Volume Forecast by Type
12.7.1. Upto 5kg Cobot
12.7.2. 5-10 kg Cobot
12.7.3. Above 10kg Cobot
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Cobot Demand Share, 2019-2026
13. Middle East & Africa Industrial Cobot Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Cobot Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Cobot Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electronics
13.4.3. Metal and Machining
13.4.4. Plastic and Polymers
13.4.5. Food and Beverages
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Cobot Market Size and Volume Forecast by Type
13.7.1. Upto 5kg Cobot
13.7.2. 5-10 kg Cobot
13.7.3. Above 10kg Cobot
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Cobot Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Cobot Market: Market Share Analysis
14.2. Industrial Cobot Distributors and Customers
14.3. Industrial Cobot Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Universal Robots
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rethink Robotics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ABB
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fanuc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KUKA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kawasaki
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
