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Collaborative Robots Market Size - Expected to Reach USD 6.84 billion by 2024

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(Free Press Release) Global automotive collaborative robots market size is expected to reach USD 6.84 billion by 2024.

Collaborative Robots Market Size - Expected to Reach USD 6.84 billion by 2024


Collaborative robots are reducing the challenges of manufacturing industry

Collaborative robots alongside with human co-workers minimize the risk and errors and helps in precision manufacturing. Technological advancement in automotive sector and high adoption rate of collaborative robots over traditional robots is expected to boost the demand for industrial collaborative robots in near future. According to our demand analysis, Flexible deployment with low labour cost is the major factor accelerating the demand of collaborative robots in manufacturing industries. Collaborative robots with pay load capacity above 10kg are projected to witness noteworthy growth, owing to its high efficiency in pick and place application. Global automotive collaborative robots market size is expected to reach USD 6.84 billion by 2024.

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Market Segmentation

Global collaborative robots market is segmented on following basis:

· Based on Pay Load Capacity

o Up to 5 Kg

o Up to 10 Kg

o Above 10 Kg

· Based on Application

o Handling Robots

o Packaging Robots

o Pick and Place Robots

o Quality Testing Robots

o Welding Robots

o Others( Gluing, Machine Tending) Robots

· Based on End-User

o Automotive

o Metal and Machining

o Furniture and Home Equipment

o Food and Beverages

o Electronics & Technology

o Plastic and Polymers

o Others (Pharma & Chemistry)

· Based on Geography

o North America (U.S. & Canada)

o Latin America ( Brazil , Mexico & Rest of Latin America)

o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)

o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)

o Middle East & Africa (GCC, South Africa, North Africa, RoMEA)

o Rest of World

Global Collaborative Robots Market Outlook 2024” contains detailed overview of the global collaborative robots market in terms of market segmentation by pay load capacity type, by application type and by end-user type.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

This market report also includes provides competitive outlook of some of the major players of the global collaborative robots market which includes profiling of companies Robert Bosch GmbH, ABB Ltd., FANUC Corporation etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global collaborative robots market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Collaborative Robots Market Size - Expected to Reach USD 6.84 billion by 2024

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