North America Robotics as a Service Market Size, Share & Industry Trends Analysis Report By Application (Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing), By End User, By Country and Growth Forecast, 2022 - 2028
The North America Robotics as a Service Market would witness market growth of 15.5% CAGR during the forecast period (2022-2028).
Mobile robotics businesses might gain from RaaS as well. RaaS helps boost client stickiness by consistently supplying customers with services, generating additional long-term benefits and prospects. Also, it facilitates the upkeep of positive client connections, which facilitates the marketing and promotion of new items. Due to the rising demand, several investments in the robotics sector have been made.
As a result, robots have been included in manufacturing processes to increase production and enhance the manufacturing of the corresponding vehicles. Encouragement to industries to employ more creative and automated solutions, like robotics & control systems, to enhance their production processes and digitization, as well as the industry 4.0 transformation, have accelerated the rise of automation among industries. Robotics utilizes several crucial industries 4.0 components, including communication and data. Many firms are using robotics automation in various warehouses to cut the capital spent on labor.
The US now has about 230,000 robots, and the International Federation of Robotics (IFR) predicts that this number will increase exponentially as the country accelerates its automation strategies. The scope and prevalence of robotic performance were estimated in a survey by a significant American corporation. According to the findings of that survey, approximately half of the businesses were already utilizing robotic technology in some capacity, and many also believed that the use of industrial robots would assist in further increasing employment prospects. An investigation based on the Bureau of Labor Statistics in the US found that the industries that used industrial robots more frequently employed industrial engineers & mechanicals at a rate of 20% higher than those that did not. This has aided businesses and employees in adopting cutting-edge RaaS systems.
The US market dominated the North America Robotics as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $958.2 million by 2028. The Canada market is poised to grow at a CAGR of 18.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 17.1% during (2022 - 2028).
Based on Application, the market is segmented into Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, and Others. Based on End User, the market is segmented into Logistics, Automotive, Manufacturing, Food & Beverages, Aerospace & Defense, Retail, Media & Entertainment, Healthcare, 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 Berkshire Grey, Inc., Kuka AG (Midea Investment Holding Co., Ltd.), Cyberdyne, Inc., Knightscope, Inc., Locus Robotics, Exotec SAS, Caja Robotics, Hirebotics, Cobalt Robotics and Relay Robotics, Inc.
Scope of the Study
Market Segments covered in the Report:
By Application
- Handling
- Assembling & Disassembling
- Welding & Soldering
- Dispensing
- Processing
- Others
- Logistics
- Automotive
- Manufacturing
- Food & Beverages
- Aerospace & Defense
- Retail
- Media & Entertainment
- Healthcare
- Others
- US
- Canada
- Mexico
- Rest of North America
- Berkshire Grey, Inc.
- Kuka AG (Midea Investment Holding Co., Ltd.)
- Cyberdyne, Inc.
- Knightscope, Inc.
- Locus Robotics
- Exotec SAS
- Caja Robotics
- Hirebotics
- Cobalt Robotics
- Relay Robotics, Inc.
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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 Robotics as a Service Market, by Application
- 1.4.2 North America Robotics as a Service Market, by End User
- 1.4.3 North America Robotics as a Service 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 & 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 Recent Industry Wide Strategic Developments
- 3.1.1 Partnerships, Collaborations and Agreements
- 3.1.2 Product Launches and Product Expansions
- 3.1.3 Acquisition and Mergers
- 3.2 Top Winning Strategies
- 3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.2.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2020, Feb – 2023, Jan) Leading Players
- Chapter 4. North America Robotics as a Service Market by Application
- 4.1 North America Handling Market by Country
- 4.2 North America Assembling & Disassembling Market by Country
- 4.3 North America Welding & Soldering Market by Country
- 4.4 North America Dispensing Market by Country
- 4.5 North America Processing Market by Country
- 4.6 North America Others Market by Country
- Chapter 5. North America Robotics as a Service Market by End User
- 5.1 North America Logistics Market by Country
- 5.2 North America Automotive Market by Country
- 5.3 North America Manufacturing Market by Country
- 5.4 North America Food & Beverages Market by Country
- 5.5 North America Aerospace & Defense Market by Country
- 5.6 North America Retail Market by Country
- 5.7 North America Media & Entertainment Market by Country
- 5.8 North America Healthcare Market by Country
- 5.9 North America Others Market by Country
- Chapter 6. North America Robotics as a Service Market by Country
- 6.1 US Robotics as a Service Market
- 6.1.1 US Robotics as a Service Market by Application
- 6.1.2 US Robotics as a Service Market by End User
- 6.2 Canada Robotics as a Service Market
- 6.2.1 Canada Robotics as a Service Market by Application
- 6.2.2 Canada Robotics as a Service Market by End User
- 6.3 Mexico Robotics as a Service Market
- 6.3.1 Mexico Robotics as a Service Market by Application
- 6.3.2 Mexico Robotics as a Service Market by End User
- 6.4 Rest of North America Robotics as a Service Market
- 6.4.1 Rest of North America Robotics as a Service Market by Application
- 6.4.2 Rest of North America Robotics as a Service Market by End User
- Chapter 7. Company Profiles
- 7.1 Berkshire Grey, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Product Launches and Product Expansions:
- 7.2 Kuka AG (Midea Investment Holding Co., Ltd.)
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 Recent Strategies and Developments:
- 7.2.5.1 Partnerships, Collaborations & Agreements:
- 7.3 Cyberdyne, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Research & Development Expenses
- 7.4 knightscope, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Research & Development Expenses
- 7.4.4 Recent strategies and developments:
- 7.4.4.1 Partnerships, Collaborations, and Agreements:
- 7.4.4.2 Acquisition and Mergers:
- 7.5 Locus Robotics
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Partnerships, Collaborations, and Agreements:
- 7.5.2.2 Acquisition and Mergers:
- 7.6 Exotec SAS
- 7.6.1 Company Overview
- 7.6.2 Recent strategies and developments:
- 7.6.2.1 Partnerships, Collaborations, and Agreements:
- 7.6.2.2 Product Launches and Product Expansions:
- 7.7 Caja Robotics
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Partnerships, Collaborations, and Agreements:
- 7.8 Hirebotics
- 7.8.1 Company Overview
- 7.9 Cobalt Robotics
- 7.9.1 Company Overview
- 7.9.2 Recent strategies and developments:
- 7.9.2.1 Partnerships, Collaborations, and Agreements:
- 7.10. Relay Robotics, Inc.
- 7.10.1 Company Overview
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