The North America collaborative robots market was valued at approximately $235.09 million in 2023 and is projected to grow significantly, reaching around $2.31 billion by 2031, with an impressive compound annual growth rate (CAGR) of 33.1% during the forecast period from 2023 to 2031.
Additionally, the CoRoM (Collaborative Robotics in Manufacturing) program, initiated in 2018 and supported by NSERC through the CREATE initiative, is designed to train professionals in the field of collaborative robotics within the manufacturing sector. This program is a collaborative effort between Université de Sherbrooke, École de technologie supérieure (ÉTS), and Université Laval, offering interdisciplinary education that encompasses engineering, business, and ethics. Participants engage in industrial research projects, internships, and specialized training to tackle real-world challenges in collaborative robotics.
These government initiatives and funding opportunities are crucial in driving the growth of the collaborative robots market in North America.
The manufacturing industry is vital to the North American economy and workforce, driving the demand for highly efficient manufacturing tools, including collaborative robots. Key manufacturing sectors in the region include aerospace, automotive, and construction.
Reasons to Buy
Government Support for Robotics Development
Various governments across the globe are actively promoting the advancement and integration of robotics technology. A notable initiative is the National Robotics Initiative 3.0 (NRI-3.0), launched in February 2021, which focuses on research into collaborative robots (co-bots) that can safely operate alongside humans. This initiative, funded by the National Science Foundation, aims to foster innovation in collaborative robotics across multiple sectors, including manufacturing, healthcare, and space exploration. The primary objective of NRI-3.0 is to expedite the implementation of intelligent systems that improve human productivity, safety, and adaptability.Additionally, the CoRoM (Collaborative Robotics in Manufacturing) program, initiated in 2018 and supported by NSERC through the CREATE initiative, is designed to train professionals in the field of collaborative robotics within the manufacturing sector. This program is a collaborative effort between Université de Sherbrooke, École de technologie supérieure (ÉTS), and Université Laval, offering interdisciplinary education that encompasses engineering, business, and ethics. Participants engage in industrial research projects, internships, and specialized training to tackle real-world challenges in collaborative robotics.
These government initiatives and funding opportunities are crucial in driving the growth of the collaborative robots market in North America.
Overview of the North America Collaborative Robots Market
The manufacturing sector in Canada is experiencing significant growth, particularly in the production of coal, metal, and oil products. Factors such as a declining Canadian dollar and access to affordable energy are contributing to this expansion. Meanwhile, Mexico's manufacturing industry is also thriving, bolstered by government efforts to attract foreign direct investment (FDI) and its advantageous location near the United States, which enhances its cost-competitiveness under NAFTA. The automotive sector in Mexico is undergoing a transformation, with major automobile manufacturers like Kia Motors, Mercedes-Benz, Nissan, Audi, and General Motors establishing new plants in the country.The manufacturing industry is vital to the North American economy and workforce, driving the demand for highly efficient manufacturing tools, including collaborative robots. Key manufacturing sectors in the region include aerospace, automotive, and construction.
Market Segmentation Analysis
The North America collaborative robots market is segmented based on several criteria, including payload, application, type, end-user industry, functionality, and country.- 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 market share in 2023.
- Application: The market is categorized into assembly, pick and place, material handling, quality testing, machine tending, welding, packaging, and others. The assembly segment held the largest share in 2023.
- Type: This market is segmented into robotic arms, welding guns, grippers, and others, with robotic arms dominating the market share in 2023.
- End-User Industry: The market is divided into automotive, electronics, metal and machinery, food and beverage, logistics, pharmaceuticals, and others. The automotive sector was the largest contributor in 2023.
- Functionality: The market is split into static robots and mobile robots, with static robots holding a larger market share in 2023.
- Country: The market is segmented into the US, Canada, and Mexico, with the US leading the market share in 2023.
Key Players in the Market
Several prominent companies are active in the North America 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, and Yaskawa America Inc. These companies are at the forefront of developing and deploying collaborative robotics solutions in various industries.Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America Collaborative Robots Market Landscape
5. North America Collaborative Robots Market - Key Market Dynamics
6. North America Collaborative Robots Market - Analysis
7. North America Collaborative Robots Market Analysis - by Payload
8. North America Collaborative Robots Market Analysis - by Application
9. North America Collaborative Robots Market Analysis - by Type
10. North America Collaborative Robots Market Analysis - by End-user Industry
11. North America Collaborative Robots Market Analysis - by Functionality
12. North America 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 North America 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
