Collaborative industrial robots represent a new realm of the fast-growing industrial robotics market. Technological advancements have made the applications of collaborative robots (cobots or co-bots) a reality in many manufacturing factories. This emerging market is expected to witness an exponential growth. With advantages of increasing flexibility, improving production efficiency and reducing operational cost, industrial cobots have been deployed to assist human workforce and keeping manufacturers competitive in the global markets.
Global collaborative robots market is expected to reach $36.84 billion by 2026 in terms of robot systems (including hardware, software, and service), representing an astonishing 2019-2026 CAGR of 44.56%. The hardware market accounts for about one third of the total system market and will grow at 42.21% annually over the forecast years. The annual shipment is expected to exhibit a CAGR of 47.06% during the same period, advancing to 504.54 thousand units by 2026.
Highlighted with 107 tables and 110 figures, this 219-page report “Global Collaborative Robots Market 2020-2026 by Offering, Payload, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global collaborative robots market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2016-2019, revenue estimates for 2020, and forecasts from 2021 till 2026. (Please note: The report will be updated before delivery if necessary, so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify global collaborative robots market in every aspect of the classification from perspectives of Offering, Payload, Application, Industry Vertical, and Region.
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