North America Collaborative Robots Market Size, Share & Industry Trends Analysis Report By Application, By Component (Hardware and Software), By Payload (Up to 5kg, Up to 10kg and Above 10kg), By Vertical, By Country and Growth Forecast, 2022 - 2028

North America Collaborative Robots Market Size, Share & Industry Trends Analysis Report By Application, By Component (Hardware and Software), By Payload (Up to 5kg, Up to 10kg and Above 10kg), By Vertical, By Country and Growth Forecast, 2022 - 2028

The North America Collaborative Robots Market would witness market growth of 39.8% CAGR during the forecast period (2022-2028).

Some companies decide to purchase enough collaborative robots to cover their requirements during times of typical demand and to rent additional units during times of increased demand. As a result, warehouses won't need to invest a lot of money in automation systems that would only be utilized sometimes. However, warehouse owners can only invest in capital equipment that is required to meet normal demand.

In order to make sure that your fulfilment process keeps up with current and future demand, it is flexible enough to rent extra capacity throughout peak periods and return units once demand returns to baseline. Collaborative robots' mobility makes it simple to move them to other locations, improving resource utilization for multi-site warehousing operations. Additionally, it increases warehouse agility, lowers cost-to-serve, and aids in upholding SLA compliance.

Human error can cost more money for a warehouse. The erroneous order being sent can damage customer relationships and lead to more returns and refund requests. Collaborative robots are able to make quick choices and assist colleagues in managing numerous activities more effectively on the warehouse floor owing to AI and machine learning. Additionally, collaborative robots reduce the possibility of human error by helping their employees via tasks.

One of the biggest marketplaces for robots and one of the top innovators and pioneers in this field is the North American continent. The widespread deployment of such collaborative robots throughout various industries is the main driver of the market's expansion. Additionally, robotic surgery has been widely used in the United States. In the US, there are more than 5,00000 robotic surgery procedures performed each year. Over the past 20 years, robotic surgery has experienced the highest rate of adoption among medical devices in terms of brand image and competitive advantage.

The US market dominated the North America Collaborative Robots Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,246.1 million by 2028. The Canada market would exhibit a CAGR of 43% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 41.7% during (2022 - 2028).

Based on Application, the market is segmented into Assembly, Handling, Quality Testing, Packaging, Pick & Place, Machine Tending, Gluing & Welding and Others. Based on Component, the market is segmented into Hardware and Software. Based on Payload, the market is segmented into Up to 5kg, Up to 10kg and Above 10kg. Based on Vertical, the market is segmented into Automotive, Food & Beverage, Furniture & Equipment, Electronics, Plastic & Polymers, Metal & Machinery, Pharma and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Robert Bosch GmbH, Denso Corporation, Seiko Epson Corporation, FANUC Corporation, Yaskawa Electric Corporation, Teradyne, Inc. (Universal Robots A/S), Techman Robot, Inc. (Quanta Storage, Inc.), Stellantis N.V. (Comau S.P.A), and Kuka AG (Midea Investment Holding Co., Ltd.)

Scope of the Study

Market Segments covered in the Report:

By Application

  • Assembly
  • Handling
  • Quality Testing
  • Packaging
  • Pick & Place
  • Machine Tending
  • Gluing & Welding
  • Others
By Component
  • Hardware
  • Software
By Payload
  • Up to 5kg
  • Up to 10kg
  • Above 10kg
By Vertical
  • Automotive
  • Food & Beverage
  • Furniture & Equipment
  • Electronics
  • Plastic & Polymers
  • Metal & Machinery
  • Pharma
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • ABB Group
  • Robert Bosch GmbH
  • Denso Corporation
  • Seiko Epson Corporation
  • FANUC Corporation
  • Yaskawa Electric Corporation
  • Teradyne, Inc. (Universal Robots A/S)
  • Techman Robot, Inc. (Quanta Storage, Inc.)
  • Stellantis N.V. (Comau S.P.A)
  • Kuka AG (Midea Investment Holding Co., Ltd.)
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Collaborative Robots Market, by Application
1.4.2 North America Collaborative Robots Market, by Component
1.4.3 North America Collaborative Robots Market, by Payload
1.4.4 North America Collaborative Robots Market, by Vertical
1.4.5 North America Collaborative Robots Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, May – 2022, Jul) Leading Players
Chapter 4. North America Collaborative Robots Market by Application
4.1 North America Assembly Market by Country
4.2 North America Handling Market by Country
4.3 North America Quality Testing Market by Country
4.4 North America Packaging Market by Country
4.5 North America Pick & Place Market by Country
4.6 North America Machine Tending Market by Country
4.7 North America Gluing & Welding Market by Country
4.8 North America Other Application Market by Country
Chapter 5. North America Collaborative Robots Market by Component
5.1 North America Hardware Market by Country
5.2 North America Software Market by Country
Chapter 6. North America Collaborative Robots Market by Payload
6.1 North America Up to 5kg Market by Country
6.2 North America Up to 10kg Market by Country
6.3 North America Above 10kg Market by Country
Chapter 7. North America Collaborative Robots Market by Vertical
7.1 North America Automotive Market by Country
7.2 North America Food & Beverage Market by Country
7.3 North America Furniture & Equipment Market by Country
7.4 North America Electronics Market by Country
7.5 North America Plastic & Polymers Market by Country
7.6 North America Metal & Machinery Market by Country
7.7 North America Pharma Market by Country
7.8 North America Others Market by Country
Chapter 8. North America Collaborative Robots Market by Country
8.1 US Collaborative Robots Market
8.1.1 US Collaborative Robots Market by Application
8.1.2 US Collaborative Robots Market by Component
8.1.3 US Collaborative Robots Market by Payload
8.1.4 US Collaborative Robots Market by Vertical
8.2 Canada Collaborative Robots Market
8.2.1 Canada Collaborative Robots Market by Application
8.2.2 Canada Collaborative Robots Market by Component
8.2.3 Canada Collaborative Robots Market by Payload
8.2.4 Canada Collaborative Robots Market by Vertical
8.3 Mexico Collaborative Robots Market
8.3.1 Mexico Collaborative Robots Market by Application
8.3.2 Mexico Collaborative Robots Market by Component
8.3.3 Mexico Collaborative Robots Market by Payload
8.3.4 Mexico Collaborative Robots Market by Vertical
8.4 Rest of North America Collaborative Robots Market
8.4.1 Rest of North America Collaborative Robots Market by Application
8.4.2 Rest of North America Collaborative Robots Market by Component
8.4.3 Rest of North America Collaborative Robots Market by Payload
8.4.4 Rest of North America Collaborative Robots Market by Vertical
Chapter 9. Company Profiles
9.1 ABB Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Robert Bosch GmbH
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Denso Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.4 Seiko Epson Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.5 FANUC Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.5.3 Acquisition and Mergers:
9.6 Yaskawa Electric Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.4.2 Product Launches and Product Expansions:
9.7 Teradyne, Inc. (Universal Robots A/S)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.4.2 Product Launches and Product Expansions:
9.8 Techman Robot, Inc. (Quanta Storage, Inc.)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.9 Stellantis N.V. (Comau S.P.A)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.2.2 Product Launches and Product Expansions:
9.10. Kuka AG (Midea Investment Holding Co., Ltd.)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:

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