Collaborative Robot Market - Industry Size and Global Share 2021

Author : univdatos
Publish Date : 2021-10-21 11:16:55
Collaborative Robot Market - Industry Size and Global Share 2021

A comprehensive overview of the Global Collaborative Robot Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Collaborative Robot market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Global Collaborative Robot Market at regional and country levels.

Market Overview

Collaborative robot is a type of robot which is capable of performing multiple tasks, as assisted by the humans. They have additional features, such as safety monitored stop, hand guiding, speed and separation monitoring, and power & force limiting. There are numerous types of collaborative robots that are used in industries like safety monitored stop is used to stop the functioning of robot when the safety zone violates; hand guiding is used for path teaching and detection of applied forces; speed and separation monitoring is used for operations requiring frequent worker presence, and power & force limiting is used for the direct collaboration with workers. They are being used in multiple verticals, which include supply chain management, manufacturing, and healthcare. Factors that are escalating the demand for collaborative robots such as lower price of collaborative robots are the and rising demand in the logistics in various application expected to increase its market share in the forecasted period.

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COVID-19 Impact

The outbreak of coronavirus in 2020 had severely impacted the economic conditions around the globe. Industries such as automobile, and manufacturing industries where IoT, robotics solution played a important role has seen slump for a short time period in 2020. For instance: China captures 27% of India’s automotive parts import and disruption in the supply-demand ecosystem has halted production process and blocked the investments and cash delays. Moreover, various manufacturing industries were shut down production facilities to reduce the transmission of coronavirus to the factory workers. However, the vaccination drive across the globe expected to bounce back the manufacturing facilities and flourish the demand for collaborative robot market.

Global Collaborative Robot Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Component, the market is primarily bifurcated into:

  • Hardware
  • Software

 Based on components, the market is classified into hardware and software. The hardware segment generated revenue of USD X billion in 2020. The segment is expected to grow at a CAGR of X% during the forecast period to reach a market valuation of USD X billion by 2027 because it requires a significant amount of fixed and interlocked engineering controls such as robotics arms.

 By Pay Load, the market is mainly segmented into:

  • Less than 5Kg
  • 5-9 Kg
  • 10-20 kg
  • Greater than 20 kg

Currently, 5-9kg segment grabbed X% market share of the global collaborative robots’ market and gathered revenue of USD X billion in 2020. The segment is expected to grow at a CAGR of X% during the forecast period to reach a market valuation of USD X billion by 2027 owing to the cost effectiveness and take up less space than robots with higher payload capacity.

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By End-User, the market is mainly segmented into:

  • Electronics
  • Automotive
  • Manufacturing
  • Food and Beverages
  • Chemicals and Pharmaceutical

 In 2020, the automotive segment dominated the collaborative robots market and accounted for X% market share. This segment would witness a considerable CAGR of X% during the forecast period (2021-2027F) owing the usage of collaborative robots in a variety of automotive applications such as handling, welding, assembling and disassembling, dispensing extensively.

By Application the market is mainly segmented into:

  • Material Handling
  • Pick and Place
  • Assembly
  • Palletizing and De-palletizing
  • Other (Welding, Painting, Soring, Positioning, etc.)

Currently, material handling segment generated revenue of USD X billion in 2020. The segment is expected to grow at a CAGR of X% during the forecast period to reach a market valuation of USD X billion by 2027. Handling tasks such as pick and place or palletizing are among the mundane and repetitive in nature for the human workers. Machine tending requires workers to stand for long hours. Hence, collaborative robots are able to automate a machine tending process during off hours without any supervision, boosting productivity.

Global Collaborative Robot Market Geographical Segmentation Includes:

  • North America (United States, Canada, Rest of North America)
  • Europe (Germany, UK, France, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
  • Rest of World

Based on the estimation, North America dominated the market in 2020. North America constitutes the largest market for the industry and generated revenue of USD X billion in 2020 predominantly because of US which has the most usage of smart devices & manufacturing industries.

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The major players targeting the market includes:

  • Universal Robots
  • ABB
  • Techman Robot
  • KUKA
  • Doosan Robotics
  • Denso
  • Precise Automation
  • Rethink Robotics

 Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Collaborative Robot Market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and technological advancements in the Global Collaborative Robot Market?
  • Which factors are influencing the Global Collaborative Robot Market over the forecast period?
  • What are the global challenges, threats, and risks in the Global Collaborative Robot Market?
  • Which factors are propelling and restraining the Global Collaborative Robot Market?
  • What are the demanding global regions of the Global Collaborative Robot Market?
  • What will be the market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by the companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.

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Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Collaborative Robot Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
  • Based on what factors are the key market players assessed in this report?
  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Playes
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
  • the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter's Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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