Global Collaborative Robot (Cobot) Market Growth 2023-2029

Global Collaborative Robot (Cobot) Market Growth 2023-2029

As a kind of robot designed to interact with humans at close range in a common working space, collaborative robots can make robots and humans work together on the production line, so that robots can completely get rid of the shackles of guardrails or cages, and give full play to the robot’s Efficiency and human intelligence. This kind of machine can balance the necessity of safety with the demand for flexible productivity.

LPI (LP Information)' newest research report, the “Collaborative Robot (Cobot) Industry Forecast” looks at past sales and reviews total world Collaborative Robot (Cobot) sales in 2022, providing a comprehensive analysis by region and market sector of projected Collaborative Robot (Cobot) sales for 2023 through 2029. With Collaborative Robot (Cobot) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Collaborative Robot (Cobot) industry.

This Insight Report provides a comprehensive analysis of the global Collaborative Robot (Cobot) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Collaborative Robot (Cobot) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Collaborative Robot (Cobot) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Collaborative Robot (Cobot) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Collaborative Robot (Cobot).

The global Collaborative Robot (Cobot) market size is projected to grow from US$ 754.2 million in 2022 to US$ 1681.7 million in 2029; it is expected to grow at a CAGR of 1681.7 from 2023 to 2029.

Asia-Pacific is the largest market with about 54% market share. Europe is follower, accounting for about 29% market share.

The key players are Universal Robots, ABB, Rethink Robotics, Kawasaki, KUKA, FANUC etc. Top 3 companies occupied about 74% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Collaborative Robot (Cobot) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Below 5 kg
5-10 kg
More Than 10 kg

Segmentation by application
Automobile
IT
Metal and Processing
Plastics and Polymers
Food and Beverage
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Universal Robots
ABB
Rethink Robotics
Kawasaki
KUKA
FANUC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Collaborative Robot (Cobot) market?

What factors are driving Collaborative Robot (Cobot) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Collaborative Robot (Cobot) market opportunities vary by end market size?

How does Collaborative Robot (Cobot) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.