Collaborative Robots Market Supposed to Reach 17100 Million US$ by 2025, at a CAGR of 52.4%
Oct 8, 2018
The Collaborative Robots market was valued at 590 Million US$ in 2017 and is projected to reach 17100 Million US$ by 2025, at a CAGR of 52.4% during the forecast period.
Los Angeles, United States - October 8, 2018 /MarketersMedia/ —
This study focuses on the production side and consumption side of Collaborative Robots, presents the global Collaborative Robots market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Collaborative Robots capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Collaborative Robots by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Collaborative robot (Cobots) is a robot intended to physically interact with humans in a shared workspace. In addition, a collaborative robot is less bulky and much easier to operate than other equipment when loads between 50 and 100 kilos must be handled. This is in contrast with other robots, designed to operate autonomously or with limited guidance, which is what most industrial robots were up until the decade of the 2010s. Cobots can have many roles — from autonomous robots capable of working together with humans in an office environment that can ask you for help, to industrial robots having their protective guards removed as they can react to a human presence under EN ISO 10218 or RSA BSR/T15.1.
The continuous development in the automation industry is expected to boost the growth of the global collaborative robot market in the coming years. The safety of these robots has increased their demand in various end-user industries are they can perfectly work in tandem with the human workforce.
Collaborative robots are popular due to their high return on investment and low overall cost, attracting many small and medium sized enterprises (SMEs). Global manufactures mainly distributed in Europe, North America, Japan. Demand for collaborative robots is profoundly dependent on increase in automation industry. Universal Robots accounted for 47.60%of the global collaborative robots sales market share in 2016. Other players accounted for 18.41%, 12.30% including ABB and Rethink Robotics.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The Collaborative Robots market was valued at 590 Million US$ in 2017 and is projected to reach 17100 Million US$ by 2025, at a CAGR of 52.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Collaborative Robots.
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This report includes the following manufacturers; we can also add the other companies as you want.
Universal Robots
Rethink Robotics
ABB
Fanuc
KUKA
Kawasaki
Market Segment by Product Type
Upto 5kg
5~10 kg
Above 10kg
Market Segment by Application
Automotive
Electronics
Metal and Machining
Plastic and Polymers
Food and Beverages
Others
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Source: MarketersMedia
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