Press Releases

The global collaborative robot or cobot market is expected to reach USD 14.5 billion by 2030, growing at a CAGR of 50.0% during the forecast period. Currently, more than 40% of the market is captured by the less than 5 kg payload capacity cobots. However, these is immense rise in the demand for high-payload-capacity cobots in automotive, metal & mining, and other large-scale industries will bring numerous new opportunities in the cobots market.  

Automotive segment held the largest share in the collaborative robot or cobot market in 2023

On the basis of end-user, the market is segmented as automotive, electrical & electronics, metals & mining, plastics & polymers, food & beverages, pharmaceuticals & healthcare and Others. Automotive segment is expected to account the highest market share in current year and is expected to grow at fastest rate with numerous applications of cobots.

Geography Insight

Geographically, APAC, is the largest and fastest growing collaborative robot market surpassing Europe in last two years. Industrial revolution in China, Japan, India and other South-East Asian countries has increased robotics integration in various applications. Further, government and private firm investments in these countries will further up surge the growth of the collaborative robot market in years to come.

Global Collaborative Robot (Cobot) Market Segmentation and Key Players

Competitive Insight

Some of the key players operating in the collaborative robot market are ABB Ltd., Universal Robots, Rethink Robotics, Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Mrk-Systeme GmbH, Precise Automation, Inc., F&P Robotics AG, and Franka Emika GmbH.

Key Takeaway from the Report:

• Among all the payload capacity, up to 5 kg segment captures highest market share in 2023 and is expected to grow at fastest rate during the forecast period.
• Of all the component, hardware accounted for the foremost share in the collaborative robot or cobot market in 2023.
• Among all the application, the assembly application segment accounted for a foremost share in the collaborative robot or cobot market in 2023.
• Of all end-user, automotive segment is expected to account the highest market share in current year and is expected to grow at fastest rate during the forecast period.

The Report Offers:

• Historical market estimate for the years 2018–2023 and forecast for the years 2025–2030
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue (USD Million). The report segments the global collaborative robot or cobot market on the basis of payload capacity, component, application, end-user, and region.

Global Collaborative Robot or Cobot Market Coverage

Payload Capacity Insight and Forecast 2025 – 2030

• Up to 5 Kg
• Between 5 and 10 Kg
• Above 10 Kg

Component Insight and Forecast 2025 – 2030

• Hardware
• Software

Application Insight and Forecast 2025 – 2030

• Material Handling
• Parts Assembly
• Molding Operations
• Testing and Inspection
• Processing
• Packaging and Palletizing
• Dispensing
• Soldering & Welding
• Others

End-User Insight and Forecast 2025 – 2030

• Automotive
• Electrical & Electronics
• Metals & Mining
• Plastics & Polymers
• Food & Beverages
• Pharmaceuticals & Healthcare
• Other

Geographical Segmentation

Collaborative Robot or Cobot Market by Region

North America

• By Payload Capacity
• By Component
• By Application
• By End-User
• By Country – U.S., Canada, and Mexico

Europe

• By Payload Capacity
• By Component
• By Application
• By End-User
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Payload Capacity
• By Component
• By Application
• By End-User
• By Country – China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Payload Capacity
• By Component
• By Application
• By End-User
• By Country – Brazil, South Africa, Saudi Arabia, and Other Countries