The collaborative robots market in the Asia Pacific region was valued at approximately US$ 508.53 million in 2023 and is projected to grow significantly, reaching around US$ 6.13 billion by 2031. This growth represents a remarkable compound annual growth rate (CAGR) of 36.5% from 2023 to 2031.
Countries like China, the United States, and Japan have already achieved high levels of automation, yet there remains significant potential for further growth, particularly in the automotive sector. The need for modernization and transformation in these markets is creating opportunities for increased robot installations. This trend is promising for manufacturers of collaborative robots, as it indicates a substantial potential for market expansion, especially if supported by government initiatives aimed at fostering industrial automation.
However, challenges such as a shortage of skilled labor, low productivity levels, and inadequate infrastructure must be addressed to enhance the region's position as a leading manufacturing hub.
1. Payload: The market is divided into three segments: 5-10 Kgs, Up to 5 Kgs, and Above 10 Kgs. The 5-10 Kgs segment accounted for the largest share in 2023.
2. Application: The applications of collaborative robots include assembly, pick and place, material handling, quality testing, machine tending, welding, packaging, and others. The material handling segment was the largest in terms of market share in 2023.
3. Type: Collaborative robots are categorized into robotic arms, welding guns, grippers, and others. The robotic arm segment held the largest market share in 2023.
4. End-User Industry: The market is segmented into automotive, electronics, metal and machinery, food and beverage, logistics, pharmaceuticals, and others. The automotive sector dominated the market share in 2023.
5. Functionality: Collaborative robots are classified into static robots and mobile robots, with static robots holding a larger market share in 2023.
6. Country: The market is segmented by country, including China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China was the leading country in terms of market share in 2023.
Reasons to Buy
Drivers of Market Growth
The increasing adoption of industrial automation across various sectors is a key factor driving the growth of the collaborative robots market in Asia Pacific. While the automotive industry has traditionally been the primary adopter of automation technologies, sectors such as logistics, food and beverages, electrical and electronics, and rubber and plastics are now experiencing a surge in automation. Historically, these non-automotive industries have been less penetrated by automation technologies, but advancements in collaborative robots are expected to accelerate their adoption.Countries like China, the United States, and Japan have already achieved high levels of automation, yet there remains significant potential for further growth, particularly in the automotive sector. The need for modernization and transformation in these markets is creating opportunities for increased robot installations. This trend is promising for manufacturers of collaborative robots, as it indicates a substantial potential for market expansion, especially if supported by government initiatives aimed at fostering industrial automation.
Overview of the Asia Pacific Collaborative Robots Market
The Asia Pacific region is home to numerous developing countries that are experiencing rapid growth in their manufacturing sectors. This area has emerged as a global manufacturing hub, characterized by a diverse range of industries. As China evolves into a high-skilled manufacturing center, other countries such as India, South Korea, Taiwan, and Vietnam are attracting businesses looking to relocate their low to medium-skilled manufacturing operations due to lower labor costs. Additionally, these governments are promoting investment initiatives to bolster manufacturing activities.However, challenges such as a shortage of skilled labor, low productivity levels, and inadequate infrastructure must be addressed to enhance the region's position as a leading manufacturing hub.
Market Segmentation Analysis
The Asia Pacific collaborative robots market can be segmented based on several criteria, including payload, application, type, end-user industry, functionality, and country.1. Payload: The market is divided into three segments: 5-10 Kgs, Up to 5 Kgs, and Above 10 Kgs. The 5-10 Kgs segment accounted for the largest share in 2023.
2. Application: The applications of collaborative robots include assembly, pick and place, material handling, quality testing, machine tending, welding, packaging, and others. The material handling segment was the largest in terms of market share in 2023.
3. Type: Collaborative robots are categorized into robotic arms, welding guns, grippers, and others. The robotic arm segment held the largest market share in 2023.
4. End-User Industry: The market is segmented into automotive, electronics, metal and machinery, food and beverage, logistics, pharmaceuticals, and others. The automotive sector dominated the market share in 2023.
5. Functionality: Collaborative robots are classified into static robots and mobile robots, with static robots holding a larger market share in 2023.
6. Country: The market is segmented by country, including China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China was the leading country in terms of market share in 2023.
Key Players in the Market
Several prominent companies are operating in the Asia Pacific collaborative robots market, including:
- ABB Ltd
- Agile Robot SE
- Aubo (Beijing) Robotics Technology Co Ltd
- Azenta, Inc.
- Bosch Rexroth AG
- Comau SpA
- Denso Corp
- Doosan Robotics Inc
- ESTUN AUTOMATION CO., LTD
- Fanuc Corp
- Kawasaki Heavy Industries Ltd
- Kuka AG
- OMRON Corp
- Productive Robotics, LLC
- Rethink Robotics GmbH
- SIASUN Robot & Automation CO., Ltd
- Svaya Robotics Pvt. Ltd.
- Techman Robot Inc
- Teradyne Inc
- Yaskawa America Inc
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific collaborative robots market.
- Highlights key business priorities to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific collaborative robots market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific collaborative robots market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Asia Pacific Collaborative Robots Market Landscape
5. Asia Pacific Collaborative Robots Market - Key Market Dynamics
6. Asia Pacific Collaborative Robots Market - Analysis
7. Asia Pacific Collaborative Robots Market Analysis - by Payload
8. Asia Pacific Collaborative Robots Market Analysis - by Application
9. Asia Pacific Collaborative Robots Market Analysis - by Type
10. Asia Pacific Collaborative Robots Market Analysis - by End-user Industry
11. Asia Pacific Collaborative Robots Market Analysis - by Functionality
12. Asia Pacific Collaborative Robots Market - Country Analysis
13. Competitive Landscape
14. Industry Landscape
15. Company Profiles
16. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the Asia Pacific Collaborative Robots Market include:
- ABB Ltd
- Agile Robot SE
- Aubo (Beijing) Robotics Technology Co Ltd
- Azenta, Inc.
- Bosch Rexroth AG
- Comau SpA
- Denso Corp
- Doosan Robotics Inc
- ESTUN AUTOMATION CO., LTD
- Fanuc Corp
- Kawasaki Heavy Industries Ltd
- Kuka AG
- OMRON Corp
- Productive Robotics, LLC
- Rethink Robotics GmbH
- SIASUN Robot & Automation CO., Ltd
- Svaya Robotics Pvt. Ltd.
- Techman Robot Inc
- Teradyne Inc
- Yaskawa America Inc
