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Cobots Market - Forecasts from 2019 to 2024

  • ID: 4835501
  • Report
  • July 2019
  • Region: Global
  • 98 pages
  • Knowledge Sourcing Intelligence LLP
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FEATURED COMPANIES

  • ABB
  • AUBO Robotics
  • FANUC
  • Festo
  • KUKA AG
  • Omron Automation
  • MORE
The cobots market is projected to grow at a CAGR of 55.70% during the forecast period, reaching a total market size of US$3,938.433 million in 2024. Cobots, or collaborative robots, are designed to aid human beings for specific tasks, which are highly complex in nature and require high precision. These robots work in a close association with humans. The robots can observe any unusual activity in their surroundings and can cooperate with humans without physical separation. Smaller, smarter, flexibility and user-friendly are some attributes which make cobots more attractive to be used in factories and industries. Increasing competition across various industries coupled with rising focus on automation is driving the demand for Cobots. Moreover, introduction of advanced robotic technologies and their attributes such as user friendliness and safety are some of the factors driving the growth of global cobots market. The major market restraint is the high initial investment in the solutions and rigorous training program for the employees to interact with these robots which require significant time and capital expenditure and leads to lesser adoption by the enterprises.

Drivers

Rising investments in automation across different industries
Booming e-commerce industry

Restraints

Lack of awareness regarding the benefits of cobots

Industry Updates

In January 2019, Omron Automation Americas launched the new TM Series Collaborative Robot with repetitive task automation functionality and offers a manual teaching function that allows operators train the robot through hand-guidance instead of software.

In July 2019, Universal Robots launched its Authorized Training Centers (ATC) program to provide cobot training classes.

The major players profiled in the Cobots market include Universal Robots, Omron Automation, KUKA AG, Festo, FANUC, ABB, Kawasaki Heavy Industries, Ltd., AUBO Robotics, Yaskawa, and TECHMAN ROBOT INC.

Segmentation

The cobots market has been analyzed through the following segments:

By Application

Handling
Welding
Assembly
Dispensing
Processing
Others

By End Use Industry

Consumer Electronics
Automotive
Food and Beverage
Rubber and Plastics
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Others

Europe
United Kingdom
Germany
France
Italy
Spain
Others

Middle East and Africa

Asia Pacific
China
Japan
India
South Korea
Others
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • ABB
  • AUBO Robotics
  • FANUC
  • Festo
  • KUKA AG
  • Omron Automation
  • MORE
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. COBOTS MARKET BY APPLICATION
5.1. Handling
5.2. Welding
5.3. Assembly
5.4. Dispensing
5.5. Processing
5.6. Others

6. COBOTS MARKET BY END USE INDUSTRY
6.1. Consumer Electronics
6.2. Automotive
6.3. Food and Beverage
6.4. Rubber and Plastics
6.5. Others

7. COBOTS MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Others
7.3. Europe
7.3.1. United Kingdom
7.3.2. Germany
7.3.3. France
7.3.4. Italy
7.3.5. Spain
7.3.6. Others
7.4. Middle East and Africa
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. India
7.5.4. South Korea
7.5.5. Others

8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players

9. COMPANY PROFILES
9.1. Universal Robots
9.2. Omron Automation
9.3. KUKA AG
9.4. Festo
9.5. FANUC
9.6. ABB
9.7. Kawasaki Heavy Industries, Ltd
9.8. AUBO Robotics
9.9. Yaskawa
9.10. TECHMAN ROBOT INC.
Note: Product cover images may vary from those shown
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  • Universal Robots
  • Omron Automation
  • KUKA AG
  • Festo
  • FANUC
  • ABB
  • Kawasaki Heavy Industries, Ltd
  • AUBO Robotics
  • Yaskawa
  • TECHMAN ROBOT INC.
Note: Product cover images may vary from those shown
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