Collaborative robot market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the collaborative robot market to exhibit a CAGR of 44.5% for the forecast period of 2021-2028.
Collaborative robot is basically a type of robot which has the capability to perform multiple tasks that are assisted by humans. Generally, collaborative robots have additional features, such as hand guiding, speed and separation monitoring, safety monitored stop and power and force limiting. They are used in multiple verticals, which include supply chain management, manufacturing, and healthcare.
The increased ease of programming of collaborative robots and rising investments for automation in the manufacturing processes across the globe emerge as the major factors driving market growth. Furthermore, rising software packages to provide important value addition to the collaborative robot ecosystem, rising higher return on investment (ROI) and lower price of collaborative robots along with surging collaborative robots paired with AMRs and AGVs and rising robots-as-a-service model will further aggravate the market value. However, rising collaborative robots have a different business model than that of traditional industrial robots which act as a restraint for the market.
In addition to this, rising research and development environments for the use of robots possessing embedded torque and force sensing technologies are projected to create new opportunities for growing the market within the forecast period. The requirement for adherence to the prescribed safety standards by industrial operations and the dearth of a skilled workforce will dampen the growth rate that further results as a challenge for the market.
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Europe Collaborative Robot Market Country Level Analysis
The collaborative robot market is analyzed and market size, volume information is provided by component, solution, safety method, payload capacity, application and end user as referenced above.
The countries covered in the collaborative robot market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and the rest of Europe.
The country section of the collaborative robot market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Collaborative Robot Market Share Analysis
The collaborative robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the collaborative robot market.
The major players covered in the collaborative robot market report are ABB, Universal Robots, Nachi Robotic Systems, Inc, Rethink Robotics GmbH, Shenzhen Han's Robot Co., Ltd , FANUC Corporation, Robert Bosch GmbH, Kawasaki Heavy Industries, Ltd, Precise Automation., MRK-Systeme Gmbh, Energid Technologies Corporation, FP Robotics AG, Productive Robotics, Inc., MABI ROBOTIC AG, Quanta Computer Inc., Franka Emika GmbH, AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD, TECHMAN ROBOT INC, Stäubli International AG, YASKAWA ELECTRIC CORPORATION, Comau, Teradyne Inc., Kassow Robots ApS, Vecna Technologies, Inc. among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Europe Collaborative Robot Market Scope and Market Size
The collaborative robot market is segmented on the basis of component, solution, safety method, payload capacity, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of components, the market is segmented into hardware and software.
- On the basis of solution, the market is segmented into safety light curtain, safety laser scanner, camera based 3D space monitoring system and safe gripping.
- On the basis of safety method, the market is segmented into speed and separation monitoring, power and force limiting, safety-rated monitored stop and hand guiding.
- On the basis of payload capacity, the market is segregated into up to 5kg, 5Kg to 10Kg and above 15Kg.
- On the basis of application, the market is segmented into material handling, quality inspection, pick and place/drop, packaging and pelletizing, machine tending, molding operations, gluing and welding, test and inspection, assembly, polishing, lab analysis, entertainment and others.
- On the basis of end user, the market is bifurcated into electrical and electronics, furniture and equipment, automotive, aerospace and defense, pharmaceuticals, plastics and polymers, metals and machining, food and beverages, cosmetics and others.
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